Streetbeat News

Credit

AMTB

Analysts have mixed ratings on Amerant Bancorp (NYSE:AMTB), with recent adjustments in price targets and ratings. The average 12-month price target is $25.12, a decrease from the previous $25.75. The company faces challenges with declining revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 6:01 pm

EBS

Emergent BioSolutions Inc. (NYSE:EBS) stock rose 6.49% after announcing a $100 million asset-backed revolving loan facility to enhance liquidity and support strategic initiatives.

Portfolio Pulse from Dylan Berman

October 02, 2024 | 4:39 pm

AMRK

A-Mark Precious Metals has agreed to extend the termination date of its credit agreement to the earlier of September 30, 2026, or when commitments terminate.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:30 pm

SPY

Fed's Barkin is monitoring the impact of lower interest rates on home and auto sales, and the potential for demand to outpace supply. He notes that a 'low-hiring, low-firing' labor market could persist, but demand for workers might increase if demand grows. Recent labor actions and geopolitical conflicts are also seen as inflation risks. The Fed needs to be attentive to the economy and inflation as it considers the pace and extent of rate reductions.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:08 pm

SPY

Fed's Barkin suggests a half-percentage-point rate cut in September was justified due to rates being misaligned with inflation and unemployment trends. He anticipates minimal further decline in core PCE price index until next year. The median Fed projection indicates further rate cuts this year.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:08 pm

TTE

TotalEnergies remains committed to its Mozambique project, with plans to visit the country and meet the new president. The project awaits financing confirmation from three countries and credit agencies, targeting first oil by 2029.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:33 pm

MODV

ModivCare shares are trading higher following the announcement of an amended credit agreement with JP Morgan and other lenders, and the collection of $60 million in previously delayed contract receivables.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:53 pm

CZR

Caesars Entertainment, Inc. plans to offer $1 billion in senior notes due 2032 to qualified institutional buyers. The proceeds will be used to redeem a portion of existing 8.125% senior notes due 2027 and cover related fees.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:15 pm

NITO

N2OFF, Inc. (NASDAQ:NITO) announced strategic initiatives to enhance shareholder value, including a potential spin-off of its cleantech operations, an acquisition in computational drug discovery, and securing a €6 million credit line.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:38 pm

EBS

Emergent Biosolutions has closed a $100 million credit agreement for an asset-based revolving loan facility, effective September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 11:37 am