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GT

STLA

Goodyear Tire & Rubber Co (GT) has appointed Mark Stewart as the new CEO and President, effective January 29, 2024. Stewart, previously COO of North America at Stellantis N.V. (STLA), will succeed Richard J. Kramer. The change in leadership follows a shareholder activism campaign by Elliott Investment Management, which led to a cooperation agreement and the creation of a Strategic and Operational Review Committee at Goodyear. GT shares rose 2.13% to $14.18 following the announcement.

Portfolio Pulse from Lekha Gupta

January 18, 2024 | 4:05 pm

NVVE

Nuvve Holding Corp. (NASDAQ:NVVE) announced a 1-for-40 reverse stock split effective Jan. 19, 2024, with trading on a split-adjusted basis starting Jan. 22, 2024. The reverse stock split will reduce the number of outstanding shares from approximately 49.9 million to about 1.3 million. The action aims to comply with Nasdaq's minimum bid price requirement for continued listing. Following the news, NVVE shares fell by 13.2% to $0.0875.

Portfolio Pulse from Nabaparna Bhattacharya

January 18, 2024 | 4:05 pm

BLNK

Blink Charging (NASDAQ:BLNK) has been rated by 4 analysts in the last three months, with all maintaining a bullish stance. The average 12-month price target is now $16.00, down from the previous $50.00, with a high estimate of $25.00 and a low of $7.00. The company has seen a significant revenue growth rate of 152.45% as of September 30, 2023, but struggles with a high net margin of -260.15% and low ROE and ROA figures. Blink Charging's market capitalization is below the industry average, and it has a conservative debt-to-equity ratio of 0.07.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm

MSFT

The article provides an analysis of Microsoft (NASDAQ:MSFT) in comparison to its competitors in the Software industry. It examines financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Microsoft shows potential value with a lower P/E ratio than the industry average, a lower P/B ratio suggesting undervaluation, but a higher P/S ratio indicating possible overvaluation. The company's ROE is below the industry average, but it has a strong EBITDA and gross profit, indicating robust profitability. However, Microsoft's revenue growth is slightly lower than the industry average. The company also has a lower debt-to-equity ratio compared to its top 4 peers, suggesting a strong financial position.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm

PNFP

Analyst ratings for Pinnacle Financial Partners (PNFP) have varied over the last quarter, with a current average 12-month price target of $96.00, up from $83.00. Recent analyst actions include UBS's Vilas Abraham lowering the target to $90.00, Stephens & Co.'s Matt Olney maintaining an 'Overweight' rating with a $108.00 target, Truist Securities' Jennifer Demba raising the target to $100.00, and Citigroup's Ben Gerlinger announcing a 'Buy' rating with an $86.00 target. Pinnacle operates primarily in Tennessee and focuses on commercial loans. It has shown a revenue growth of 7.34% but falls below industry averages in market capitalization, net margin, ROE, and ROA, with a conservative debt-to-equity ratio of 0.44.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm

NVDA

NVIDIA (NASDAQ:NVDA) is analyzed in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics show NVIDIA has a lower P/E ratio than the industry average, suggesting potential for growth. However, its high P/B and P/S ratios may indicate overvaluation. NVIDIA's ROE is significantly higher than the industry average, indicating efficient equity use. Despite lower EBITDA and gross profit compared to the industry, NVIDIA's revenue growth far exceeds the industry average. NVIDIA also has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm

PNC

Over the past three months, 8 analysts have provided diverse opinions on PNC Financial Services Group (NYSE:PNC), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $144.67, up from the previous $130.80, with a high estimate of $163.00 and a low of $128.00. Analysts from firms including UBS, Keefe, Bruyette & Woods, Goldman Sachs, Odeon Capital, Piper Sandler, Stephens & Co., and RBC Capital have updated their ratings and price targets. PNC's financials show a revenue growth of 2.66% as of December 31, 2023, but it faces challenges with below-industry average net margin, ROE, ROA, and a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm

TRGP

Analysts have provided varied ratings for Targa Resources (NYSE:TRGP) over the last quarter, with the latest average 12-month price target being $106.75, an increase from the previous $103.50. The ratings range from bullish to somewhat bullish, with no bearish or indifferent stances. Recent actions by analysts include both raised and lowered price targets. Targa Resources is a midstream firm with significant operations in various plays and has recently faced a revenue decline of -27.3% and challenges in net margin and debt management, despite a strong ROE.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm

PCSA

Processa Pharmaceuticals Inc (NASDAQ:PCSA) shares dropped 23% to $0.21 after announcing a 1-for-20 reverse stock split to meet Nasdaq's minimum bid price requirement. The split will reduce outstanding shares from 24.6 million to 1.2 million, effective January 22, with no fractional shares issued. Continental Stock Transfer & Trust will act as the exchange agent for the reverse stock split. PCSA's 52-week range is $0.18 to $1.27.

Portfolio Pulse from Henry Khederian

January 18, 2024 | 3:58 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) stock is falling after announcing a potential $1 billion common stock offering. The company's shares hit a 52-week low following Q3 results and a 'going concern' warning. Analyst sentiment has turned cautious, with a recent downgrade from Susquehanna and concerns from KeyBanc about the impact of the offering on stock pressure. A business update is expected on Jan. 23, ahead of Q4 earnings next month.

Portfolio Pulse from Adam Eckert

January 18, 2024 | 3:54 pm