Streetbeat News

Credit

MULN

Mullen Automotive is establishing Mullen Credit Corporation to support its dealership network with vehicle floor planning and offer financing options to fleets and small businesses.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:07 pm

KEY

Analysts have recently evaluated KeyCorp (NYSE:KEY), with a range of opinions from bullish to bearish. The average 12-month price target has increased to $18.0, reflecting a 5.63% rise from the previous target. KeyCorp faces challenges with revenue growth and debt management but maintains a strong net margin.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 12:01 pm

FXI

China's new loans for September significantly exceeded expectations, reaching 1,590.0 billion compared to the estimated 1,090.0 billion and the previous 900.0 billion. This indicates a strong credit expansion in the Chinese economy.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 11:27 am

VEV

Vicinity Motor failed to renegotiate terms with creditors RBC and EDC, leading to a Notice of Intention to Enforce Security under Canada's Bankruptcy and Insolvency Act. The company's credit facilities were not renewed, impacting its financial stability.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:31 am

BA

Boeing (NYSE:BA) is set to reduce its workforce by 10%, affecting 17,000 jobs, amidst ongoing challenges including labor strikes, safety concerns, and financial struggles. The company is dealing with the aftermath of 737 Max incidents, technical issues with the Starliner spacecraft, and a postponed 777X delivery.

Portfolio Pulse from Rounak Jain

October 12, 2024 | 5:39 am

AYRWF

CCHWF

CRLBF

CURLF

TRSSF

As Florida's vote on recreational cannabis approaches, investors are advised to consider buying AYR Wellness due to its strong presence in Florida and a 20% yield. Cresco Labs is recommended over Curaleaf for a yield upgrade, while TerrAscend is suggested as a sell due to lower yield and exposure. Cannabist faces liquidity issues.

Portfolio Pulse from Nicolás Jose Rodriguez

October 11, 2024 | 8:58 pm

BWFG

Bankwell Financial Group's Q3 2024 financial performance is expected to be negatively impacted by an $8.2 million charge-off, as reported in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 8:36 pm

FOLD

Amicus Therapeutics (NASDAQ:FOLD) received mixed ratings from 4 analysts, with 1 bullish and 3 somewhat bullish ratings. The average 12-month price target is $18.0, down 3.59% from the previous $18.67. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Amicus Therapeutics, a biotechnology company, reported a 34.04% revenue growth rate but faces challenges with a high debt-to-equity ratio and below-average ROE.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 7:00 pm

EL

Estee Lauder Cos (NYSE:EL) received mixed analyst ratings, with a recent average price target of $119.63, down 9.42% from the previous $132.07. Analysts have adjusted their ratings and price targets, reflecting varied expectations for the company's future performance. Estee Lauder's financial performance shows a 7.26% revenue growth but faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 3:00 pm

EWC

The Bank of Canada's Q3 Business Survey indicates weak demand and excess capacity among firms, with slowing price growth. Business pressures remain similar to Q2, but sales expectations have slightly improved due to rate cuts and anticipated further cuts.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:31 pm