Streetbeat News

Corporate Responsibility

ANF

Abercrombie & Fitch has updated and increased its store investment plan to include opening about 60 new stores and closing about 40 stores during fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:40 pm

CSV

Carriage Services announced the resignation of its Executive VP, CFO, and Treasurer, L. Kian Granmayeh. This leadership change could impact the company's financial strategy and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:28 pm

SWTX

SpringWorks Therapeutics Inc announced the termination of a license deal, stating that it does not trigger any payment obligations or other material wind-down costs for the company.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:27 pm

MMM

3M Co. (NYSE:MMM) is refocusing on operations and innovation under new CEO Bill Brown. Bank of America analyst Edwin Obin upgraded 3M shares from Neutral to Buy, raising the price target from $105 to $120. Brown's priorities include organic growth, operating efficiency, and supply-chain performance. With major litigation settlements behind, investors are expected to focus on the company's growth potential.

Portfolio Pulse from Michael Juliano

June 07, 2024 | 8:22 pm

CMP

Compass Minerals (NYSE:CMP) has appointed Jeffrey Cathey as the new CFO. Cathey, who joined the company in December 2023 as chief accounting officer, will now oversee all financial management aspects.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:05 pm

FI

KSS

T

Kohl's Corp (NYSE:KSS) has decided not to sponsor the upcoming Republican National Convention (RNC) in Milwaukee, citing its non-political stance. Other companies like Fiserv Inc (NYSE:FI) and AT&T Inc (NYSE:T) will sponsor the event. The decision has drawn mixed reactions, with some applauding and others calling for a boycott of Kohl's.

Portfolio Pulse from Hayden Buckfire

June 07, 2024 | 7:55 pm

BKKT

Crypto marketplace Bakkt is considering a potential sale or breakup, according to Bloomberg. This strategic review comes as the company evaluates its future direction amidst a challenging market environment.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:59 pm

AUPH

ILJIN SNT Co., Ltd has announced its intention to vote against Aurinia Pharmaceuticals's revised equity incentive plan proposal.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:48 pm

LL

F9 Investments criticizes LL Flooring's board for poor performance, noting a 93% stock price drop over three years. F9 nominates Tom Sullivan, Jason Delves, and Jill Witter to restore value and urges shareholders to vote for these nominees.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:43 pm

YEXT

Yext has reportedly hired investment bankers to explore strategic alternatives, including a potential sale, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:01 pm