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LSPD

Lightspeed Commerce announced the immediate reappointment of its founder Dax Dasilva as interim CEO, taking over from JP Chauvet.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:21 pm

ALKS

Alkermes' Board of Directors has approved a new share repurchase program, authorizing the company to repurchase up to $400 million of its shares.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:17 pm

GTX

Garrett Motion has authorized a new $350 million share repurchase program, signaling confidence in the company's financial health and future prospects. This move is likely to be well-received by investors as it often indicates a bullish outlook by the company's management regarding its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:07 pm

UBER

Uber Technologies Inc (NYSE:UBER) saw its shares jump 14.7% to close at $79.15 following its investor day, where the company's three-year outlook exceeded analyst expectations. Wedbush analysts have raised their price target for Uber from $78 to $85, maintaining an 'outperform' rating. The company anticipates mid-to-high teens CAGR growth in gross bookings and over 90% annual free cash flow generation for the next three years. A $7 billion share buyback program was also announced, highlighting Uber's strong market position and consistent performance.

Portfolio Pulse from Anan Ashraf

February 15, 2024 | 12:03 pm

WAB

In the last three months, 5 analysts have updated their ratings on Westinghouse Air Brake (NYSE:WAB), showing a mix of bullish to indifferent sentiments. The average 12-month price target has been raised to $144.4, indicating an 18.85% increase from the previous target of $121.50. The company has shown impressive revenue growth of 22.54% as of September 30, 2023, and a strong net margin of 9.41%, although its ROE and ROA are below industry averages. Westinghouse Air Brake's market capitalization and prudent debt management indicate investor confidence and a balanced financial strategy.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 12:01 pm

DNTH

Dianthus Therapeutics (NASDAQ:DNTH) has received mixed analyst ratings over the past three months, with a recent shift towards a more bullish outlook. The average 12-month price target has been raised to $28.25, indicating a 22.83% increase from the previous target. Despite this optimistic analyst sentiment, the company faces financial challenges, including a significant revenue decline, below-average net margin, and low ROE and ROA, although it maintains a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 12:00 pm

CMCSA

Comcast (NASDAQ:CMCSA) has been analyzed by 4 analysts in the last three months, showing a mix of opinions with 1 bullish and 3 indifferent ratings. The average 12-month price target is $48.25, indicating a slight upward trend. Comcast's financial health is strong, with a market capitalization above industry averages, a revenue growth rate of 2.29%, a net margin of 10.43%, an ROE of 3.94%, an ROA of 1.24%, and a debt-to-equity ratio of 1.17. The company's diverse operations include its core cable business, NBCUniversal, and Sky.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 12:00 pm

JELD

Analysts have diverse views on JELD-WEN Holding (NYSE:JELD), with recent ratings being indifferent. The average 12-month price target has risen to $19.75, up 18.48% from $16.67. Analysts from Loop Capital, Stifel, Goldman Sachs, and Barclays have adjusted their price targets, reflecting a cautiously optimistic outlook. JELD-WEN's financials show a mix of strong net margin and ROE but a concerning revenue decline and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 12:00 pm

GPC

Genuine Parts Company (GPC) has provided its FY24 outlook, projecting adjusted EPS of $9.70-$9.90, slightly above the $9.84 estimate. Revenue is expected to grow by 3%-5%, with automotive sales growth at 2%-4% and industrial sales growth at 3%-5%. The company anticipates diluted EPS of $8.95-$9.15, an effective tax rate of approximately 24%, net cash from operating activities between $1.3 billion and $1.5 billion, and free cash flow of $800 million to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:57 am

MSI

Motorola Solutions (MSI) and Silver Lake have reached an agreement to settle Silver Lake's outstanding $1 billion 1.75% senior convertible notes. This settlement marks the conclusion of a financial arrangement between the two entities, potentially impacting Motorola Solutions' financial structure and debt profile.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:47 am