Streetbeat News

Earnings

UMH

UMH Properties, Inc. reported a Q3 2024 equity market capitalization of over $1.5 billion. The company converted 179 new homes to revenue-generating status and increased occupancy rates. Gross home sales revenue rose by 10% year-over-year. UMH also raised $108.4 million through stock sales.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:18 pm

ABBV

AbbVie has announced its Q3 2024 adjusted diluted EPS guidance range, which includes the impact of acquired IPR&D and milestone expenses, set between $2.88 and $2.92.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:11 pm

ABBV

AbbVie reported its Q3 earnings, including an $82M expense for acquired IPR&D and milestones, impacting both GAAP and adjusted EPS by $0.04. The FY adjusted EPS guidance is set between $10.67 and $10.87.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:11 pm

ENOV

JMP Securities initiated coverage on Enovis Corporation (NYSE:ENOV), highlighting its M&A strategy as a core growth driver. Enovis has made around 20 acquisitions in the past 4.5 years, including the significant acquisition of LimaCorporate. The integration of LimaCorporate is progressing well, with revenues exceeding expectations. Despite a 25% YTD decline in stock price, the analyst sees Enovis as undervalued and deserving of a higher P/E multiple, initiating a Market Outperform rating with a $62 price target.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 7:39 pm

LMT

Deutsche Bank analyst Scott Deuschle maintains a Buy rating on Lockheed Martin (NYSE:LMT), raising the price target to $620. The analyst highlights potential in the Space segment and anticipates dividend hikes and buyback increases. Despite a slight revenue miss due to an F-35 contract delay, a third-quarter revenue beat is expected, possibly leading to an upward revision of full-year guidance.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2024 | 7:24 pm

BA

GE

HWM

Deutsche Bank analyst Scott Deuschle has updated price targets and earnings previews for GE Aerospace, Howmet Aerospace, and Boeing. GE and Howmet are expected to outperform in earnings, while Boeing faces challenges due to cash flow issues and defense segment losses.

Portfolio Pulse from Lekha Gupta

October 03, 2024 | 7:10 pm

DTM

In the last three months, 6 analysts have provided ratings for DT Midstream (NYSE:DTM), with a mix of bullish and neutral perspectives. The average 12-month price target has increased by 11.73% to $79.33. Analysts have raised their price targets, reflecting positive sentiment towards the company's financial performance, including an 8.93% revenue growth and a strong net margin of 39.34%.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 7:01 pm

ANGO

ELAB

HKD

LEVI

NGVT

TOVX

U.S. stocks fell with the Dow Jones down over 200 points. Levi Strauss shares dropped 7% due to poor Q3 sales and weak FY24 EPS guidance. Energy shares rose, while consumer discretionary shares fell. Elevai Labs and Theriva Biologics saw significant stock price increases.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 6:53 pm

RTX

Deutsche Bank upgraded RTX Corporation from Sell to Hold, raising its price target from $109 to $129, citing aerospace exposure as a key growth driver. The analyst forecasts higher-than-expected Q3 earnings and sees potential for further stock upside.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2024 | 6:26 pm

LLY

Eli Lilly (NYSE:LLY) has received a range of analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has increased by 7.74% to $992.05. Analysts have maintained or raised their ratings, reflecting positive sentiment. Eli Lilly's financial performance is strong, with high revenue growth, net margin, and return on equity.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 6:00 pm