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Equity Actions

FITB

Analysts have diverse views on Fifth Third Bancorp (NASDAQ:FITB), with recent evaluations ranging from bullish to bearish. The average 12-month price target is $38.71, marking a 13.85% increase from the previous target of $34.00. Analysts from firms like Morgan Stanley, UBS, and Barclays have raised their price targets, reflecting optimism about FITB's financial performance, including solid revenue growth and exceptional net margin and ROE. The company operates a diversified financial-services business across multiple states and has shown strong profitability and effective cost control.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 9:01 pm

PRU

Recent analyst ratings for Prudential Financial (NYSE:PRU) show a mix of opinions, with 1 bullish and 4 indifferent ratings. The average 12-month price target has increased to $114.4, up 4.19% from $109.80. Analyst actions include both raises and lowers in ratings and price targets, reflecting varied expectations for the company's performance. Prudential Financial, a diversified insurance company, faces challenges in revenue growth, net margin, ROE, ROA, and debt management, indicating potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 9:00 pm

FDMT

4D Molecular Therapeutics Inc (NASDAQ:FDMT) stock fell 11.7% to $28.33 after announcing an upsized underwritten public offering of over 6.5 million shares at $29.50 each, plus pre-funded warrants for about 3.6 million shares. The offering, managed by Goldman Sachs & Co. LLC, BofA Securities, Jefferies, and Barclays, aims to raise approximately $300 million before fees and is expected to close on February 9. FDMT does not pay dividends but engages in capital allocation programs.

Portfolio Pulse from Henry Khederian

February 07, 2024 | 7:56 pm

CHTR

Investors and traders have shown a bearish stance on Charter Communications (NASDAQ:CHTR), as evidenced by recent options trading activity. Benzinga's options scanner revealed 16 unusual trades, with a sentiment split of 31% bullish and 68% bearish. The trades aim for a price range of $170 to $540 for CHTR over the next three months. Analysts have varying opinions on CHTR, with price targets ranging from $280 to $472. The company, a major U.S. cable provider, is currently trading at $290, slightly down by 0.1%.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 7:30 pm

CDW

CDW shares are trading higher following the announcement of Q4 earnings and a $750 million increase in its share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:00 pm

LAZR

Luminar Technologies (NYSE:LAZR) has seen a 20.73% increase in short interest, with 89.50 million shares sold short, representing 30.28% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 7.25% short interest. The article suggests that while increased short interest signals bearish sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 6:45 pm

MOG/A

MOG/B

Moog's board has officially approved the appointment of Pat Roche as President of the company, in addition to his current role as CEO, according to an SEC filing on Feb 6.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 6:44 pm

IMAB

I-MAB's (NYSE:IMAB) short interest has decreased by 6.43% since the last report, with 1.51 million shares sold short, representing 2.33% of its float. The current short interest suggests a more bullish market sentiment compared to its peer group average of 7.57% short interest. The decrease in short interest indicates fewer traders are betting against the stock, which could influence its short-term price movement.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 6:30 pm

OMC

Recent analyst ratings for Omnicom Group (NYSE:OMC) show a mix of opinions, with an average 12-month price target of $102.0, indicating a 17.69% increase from the previous target. Analysts from Wells Fargo, Barclays, UBS, and Macquarie have adjusted their ratings and price targets, reflecting evolving market conditions and Omnicom's performance. Despite a revenue growth rate of 3.91% and an ROE of 11.65%, Omnicom's net margin and ROA are below industry standards, and its debt-to-equity ratio suggests financial challenges.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 6:00 pm

MSTR

MicroStrategy Inc. co-founder Michael Saylor emphasized Bitcoin's potential as an institutional asset class and store of value, predicting 2024 as the year Bitcoin becomes an institutional-grade asset. He compared Bitcoin's evolution to significant financial milestones like the creation of gold ETFs and the S&P index ETF. Saylor highlighted Bitcoin's transition from an unregulated retail asset to a regulated institutional asset, likening it to the digital transformation seen in tech companies like Microsoft, Google, and Apple. He also mentioned the growth of new job opportunities within the Bitcoin industry and argued that Bitcoin ETFs represent a catalytic moment, shifting the narrative towards Bitcoin as a significant store of value.

Portfolio Pulse from Murtuza Merchant

February 07, 2024 | 5:42 pm