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ILMN

In the past three months, 14 analysts have provided ratings for Illumina (NASDAQ:ILMN), with a mix of bullish and indifferent sentiments. The average 12-month price target is $166.5, slightly down from the previous $166.67. Illumina faces financial challenges, including a revenue decline and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 8:00 pm

BMRC

DA Davidson analyst upgraded Bank of Marin Bancorp (NASDAQ:BMRC) to Buy, raising the price target to $24 due to potential Fed rate cuts improving earnings outlook. The analyst increased the 2025 EPS estimate by 10% and expects NIM to surpass 3.00% by 2025.

Portfolio Pulse from Lekha Gupta

October 10, 2024 | 5:56 pm

BANC

Banc of California (NYSE:BANC) has been evaluated by 11 analysts over the past three months, with most ratings being indifferent. The average 12-month price target has increased by 6.56% to $15.27. Analysts have adjusted their ratings and price targets, reflecting a generally positive outlook. Despite strong revenue growth and net margin, the company faces challenges with ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:00 pm

SPY

Atlanta Fed President Bostic is open to either holding rates steady or cutting by 25 basis points at the November meeting, depending on economic data. He supports gradually lowering rates toward a 3%-3.5% neutral range over the next year.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:51 pm

SPY

Atlanta Fed President Raphael Bostic is open to either cutting interest rates by a quarter percentage point or maintaining them at the upcoming Federal Reserve meeting, depending on economic data. Bostic supports a patient approach, considering recent economic indicators like the consumer-price index and employment data.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:51 pm

MNSB

MainStreet Bancshares, Inc. (NASDAQ:MNSB) has issued guidance for a Q3 2024 loss of $0.04 per share. The company charged off $1.9 million to offload $21.8 million in nonperforming loans, reversed $983,000 in accrued interest, and paid $593,519 in liquidation expenses.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:28 pm

BRK

Berkshire Hathaway has raised $1.9 billion through a yen-denominated bond sale, marking its largest Samurai bond issuance in five years. This move is part of Warren Buffett's strategy to increase exposure to Japanese financial markets, aligning with his long-term investment philosophy.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 8:49 am

ARES

Ares Management has priced $750M in 5.600% senior notes due 2054, with net proceeds of $737.7M. The funds will support the acquisition of GLP Capital Partners' international business and other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:50 am

BA

CELH

COST

PLTR

TSLA

The stock market saw a bullish rally with the S&P 500 and Dow Jones hitting record highs. Key stocks in focus included Palantir, Costco, Boeing, Celsius Holdings, and Tesla, each experiencing varied movements due to company-specific news and market conditions.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 2:46 am

MSOS

Eric Kaufman, COO of Fundcanna, emphasizes the importance of securing financing before entering the cannabis industry, highlighting the need for a financial runway. This advice is crucial for new entrants to ensure sustainability and growth in the competitive cannabis market.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:40 pm