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Equity Actions

ENPH

Recent options trading activity indicates a bullish stance on Enphase Energy (NASDAQ:ENPH) by big-money investors, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 12 unusual options trades, split between calls and puts, targeting a price window of $100.0 to $280.0. The current market status shows ENPH's price up by 0.69% at $119.0, with expert opinions varying, including an upgraded rating to Outperform by Oppenheimer with a target price of $133.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

COR

Cencora (NYSE:COR) has been analyzed by 4 analysts, showing a shift towards a more bullish outlook with recent ratings and an increased average 12-month price target of $235.0, up 22.4% from the previous $192.00. The company, a major player in the pharmaceutical wholesale industry, has shown strong financial health with significant revenue growth, high ROE, and ROA, despite a high debt-to-equity ratio. Analysts from Leerink Partners, Mizuho, Barclays, and Wells Fargo have provided updated ratings and price targets, reflecting evolving market conditions and Cencora's performance.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

DIS

The Disney Board of Directors has issued a letter to shareholders, emphasizing the progress and fulfillment of promises as the company undergoes a strategic transformation. The board explicitly stated its non-endorsement of the Trian Group nominees, Nelson Peltz and Jay Rasulo, as well as the nominees from Blackwells.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:44 pm

AMT

Deep-pocketed investors have shown a bearish sentiment towards American Tower (NYSE:AMT), with options trading data from Benzinga indicating a significant move. The data reveals 75% bearish and 25% bullish sentiment among investors, with notable options activity suggesting a target price range of $170.0 to $200.0 for AMT. The company, an REIT, operates over 220,000 cell towers globally and has a concentrated customer base. Current market data shows AMT's price slightly down with an RSI indicating it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:30 pm

JPM

KBE

KRE

SPY

XLF

In a CNBC interview, Jamie Dimon of JP Morgan expressed concerns about future market conditions, despite a current rise in market confidence. He suggested that allowing smaller banks to merge could be beneficial.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:17 pm

MRVL

Marvell Tech (NASDAQ:MRVL) received mixed ratings from 16 analysts, with a recent shift towards bullish sentiment. The average 12-month price target is $75.06, marking a 7.64% increase from the previous target. Analysts' actions vary from maintaining to raising and lowering their ratings, reflecting dynamic market conditions. Marvell Tech, a fabless chip designer, faces challenges in market capitalization, revenue growth, net margin, ROE, and ROA, but maintains a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:00 pm

GOOG

MSFT

NVDA

Nvidia CEO Jensen Huang uses AI tools Perplexity AI and OpenAI's ChatGPT for research, both of which utilize Nvidia hardware. Huang's preference for these tools highlights their significance in AI research and applications, including computer-aided drug discovery. Notably, Google's Gemini was absent from his list. Nvidia recently led a $73.6 million funding round in Perplexity, emphasizing its strategic importance to Nvidia.

Portfolio Pulse from Rounak Jain

February 26, 2024 | 4:57 pm

AAL

Financial analysts have observed a bullish trend in the options market for American Airlines Gr (NASDAQ:AAL), with a significant portion of traders showing optimism. Analysis of unusual trades revealed a bullish sentiment among 66% of traders, with a focus on a price target range of $12.0 to $25.0. The largest options trades indicate a mix of neutral, bearish, and bullish sentiments, with varying strike prices and expiration dates. American Airlines, known for its extensive fleet and major U.S. hubs, has seen its stock price slightly increase by 0.07% to $15.14. An analyst from Citigroup has upgraded the stock to Buy with a price target of $20.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 4:45 pm

BRDG

Bridge Investment Group (NYSE:BRDG) received varied analyst ratings over the last quarter, with a shift towards a somewhat bullish stance in the last 30 days. Analysts from Morgan Stanley, Wells Fargo, JP Morgan, and TD Cowen have adjusted their price targets, reflecting a decrease in the average 12-month price target from $12.83 to $11.12. The company's financial performance shows challenges in revenue growth, net margin, ROE, ROA, and debt management, indicating potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 4:01 pm

WDAY

A comparative study of Workday (NASDAQ:WDAY) and its competitors in the Software industry reveals Workday's high PE ratio, suggesting overvaluation, but lower PB and PS ratios indicate potential undervaluation. Despite lower ROE, EBITDA, and gross profit compared to industry averages, Workday's revenue growth outperforms peers. The analysis also highlights Workday's strong financial position with a lower debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 4:01 pm