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ITRI

Itron (NASDAQ:ITRI) has been evaluated by 6 analysts over the last three months, showing a diverse range of opinions. Recent assessments indicate a shift towards a more bullish outlook, with the average 12-month price target for Itron now at $83.00, up 18.57% from the previous $70.00. Analyst actions include rating changes and price target adjustments, reflecting an optimistic view on Itron's financial performance, which has shown significant revenue growth, a high net margin, and strong ROE and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 12:00 pm

SYNA

Synaptics announced the immediate resignation of CFO Dean Butler, who will remain as an advisor until April 5, 2024. Esther Song steps in as Principal Accounting Officer, while retired CAO Kermit Nolan returns as a consultant.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:36 am

PRGO

Perrigo announced 'Project Energize', a program to be launched in Q1 2024 aimed at driving sustainable, value accretive growth. The initiative expects to achieve annual pre-tax savings of $140M-$170M by 2026, with a portion of these savings ($40M-$60M) reinvested into the business. The restructuring will affect about 6% of Perrigo's workforce and incur charges of $140M-$160M, including investments to enhance capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:35 am

CNNE

Cannae Holdings, Inc. (CNNE) has announced the termination of its Management Services Agreement with Trasimene Capital Management, effective July 2, 2024. Trasimene will receive a fixed management fee of $7.6 million annually for three years and a $20 million termination fee, payable in three annual installments starting July 2, 2024. William P. Foley, II will serve as CEO, CIO, and Chairman of Cannae's Board, and Ryan Caswell will continue as President of the Company, both under three-year employment agreements.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:27 am

AES

AES Corp reported Q4 FY23 earnings with an adjusted EPS of $0.73, surpassing the consensus of $0.67, but missed revenue expectations with $2.97 billion against a forecast of $3.36 billion. The company saw a rise in non-regulated revenue and a decline in regulated revenue, with adjusted EBITDA also decreasing. AES exceeded its strategic objectives, including doubling renewables construction and securing significant asset sale proceeds. The company has a strong backlog and expects growth driven by renewables, U.S. utilities, and improved margins in Chile. AES raised its growth targets for adjusted EPS and EBITDA through 2027 and anticipates a dividend growth post-2024.

Portfolio Pulse from Lekha Gupta

February 27, 2024 | 10:52 am

BNS

Scotiabank (BNS) reported a Q1 2024 return on equity of 11.8%, an increase from 9.8% the previous year. Additionally, the bank's common equity Tier 1 capital ratio rose to 12.9% from 11.5% last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:35 am

FIS

Fidelity National Information Services (FIS) announced the commencement of offers to purchase up to $2.25 billion aggregate principal amount of its outstanding senior notes. The purchase will be based on acceptance priority levels, with no series of notes subject to proration.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:27 am

GOOG

GOOGL

Bill Ackman, founder of Pershing Square Capital Management, has identified Alphabet Inc. (GOOGL, GOOG) as a prime investment opportunity, emphasizing its strong market position, particularly in AI. Despite recent challenges, such as the AI scare from Microsoft's ChatGPT, Ackman believes Alphabet's core business and advertising dominance remain robust. He also mentioned Alphabet as part of the 'Magnificent 7' stocks, highlighting its long-term value.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 9:14 am

QTRX

Quanterix Corporation (NASDAQ:QTRX) has reaffirmed its 2023 guidance, expecting GAAP gross margin in the high 50s percent and non-GAAP gross margin around 50%. The company rescheduled its Q4 earnings call to February 29, 2024, to align with the filing of its Annual Report for the year ended December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 8:10 am

WCC

WESCO Distribution, Inc. has priced its offering of $900 million in 6.375% senior notes due 2029 and $850 million in 6.625% senior notes due 2032. The amounts for both the 5-Year and 8-Year Notes were increased from the initially announced $750 million. Both sets of notes will be issued at 100% of their aggregate principal amount, with the sale scheduled to settle on March 7, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:45 am