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Credit

CG

In the past three months, 17 analysts have provided ratings for Carlyle Group (NASDAQ:CG), with a mix of bullish and neutral sentiments. The average 12-month price target has increased to $52.0, indicating a positive outlook. Recent analyst actions include several rating raises and price target adjustments, reflecting changing market dynamics and company performance. Despite positive revenue growth, Carlyle Group faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 7:00 pm

REFI

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) has secured a $50 million unsecured term loan with a BBB+ rating from Egan-Jones. The loan will enhance liquidity for future investments and general corporate purposes, including repaying existing borrowings.

Portfolio Pulse from Nicolás Jose Rodriguez

October 23, 2024 | 5:10 pm

JBLU

SAVE

ULCC

Spirit Airlines shares surged as merger talks with Frontier Group Holdings resumed amidst Spirit's potential bankruptcy discussions. The merger could coincide with Spirit's debt restructuring, though talks are in early stages. Spirit is also exploring non-bankruptcy options, having reached a credit-card processor agreement. A merger would reduce budget travel options, potentially increasing pricing power for airlines.

Portfolio Pulse from Dylan Berman

October 23, 2024 | 5:02 pm

PAGS

Analysts have mixed ratings on PagSeguro Digital (NYSE:PAGS) with recent downgrades in price targets. The average 12-month price target is now $12.3, down 23.12% from the previous $16.00. Despite strong net margins, the company faces challenges with low ROE, ROA, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 4:01 pm

AAPL

GS

The CFPB has ordered Apple and Goldman Sachs to pay over $89 million for mishandling Apple Card transaction disputes and misleading consumers about interest-free payment options. The companies failed to properly manage disputes and misled customers about interest-free plans, resulting in penalties and restrictions.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 2:12 pm

EWC

The Bank of Canada has decided to maintain its interest rate at 3.75%, aligning with market expectations, but lower than the previous rate of 4.25%. This decision may influence Canadian economic conditions and related investments.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:45 pm

BAC

Bank of America CEO Brian Moynihan advises the Federal Reserve to be cautious with interest rate cuts, warning against moving too quickly or slowly. He anticipates a 50 basis point cut by year-end and four more in 2025, with inflation dropping to 2.3%.

Portfolio Pulse from Erica Kollmann

October 23, 2024 | 1:44 pm

LTH

Life Time Group Holdings' subsidiary, Life Time, Inc., has priced a private offering of $500 million in senior secured notes due 2031 with a 6.000% interest rate.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 11:38 am

REFI

Chicago Atlantic Real Estate Finance has secured a $50 million unsecured term loan from two institutional private lending platforms. This funding will be used for future investments and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 11:13 am

DB

Deutsche Bank is on track to meet its 2024 revenue target of €30 billion, surpassing the estimated €29.44 billion. The bank is maintaining cost control measures and has a credit loss provision of €1.8 billion. The CFO expressed confidence in meeting future goals due to strong capital and balance sheet positions.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 9:09 am