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DRVN

Driven Brands Hldgs (NASDAQ:DRVN) received mixed analyst ratings with 2 somewhat bullish and 2 indifferent. Analysts from Morgan Stanley, Piper Sandler, and Goldman Sachs lowered their price targets, reflecting a negative sentiment shift. The average price target is now $19.00, down 15.56% from previous estimates. Driven Brands Hldgs, an automotive services company, shows a positive revenue trend but struggles with profitability and high debt levels. Analysts' actions and ratings are crucial for understanding the company's market position.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:00 pm

KR

Analysts have provided mixed ratings for Kroger (NYSE:KR) with an average 12-month price target of $51.8, up from $51.33. Recent actions include maintaining and lowering ratings with price targets ranging from $46 to $55. Kroger's financials show a slight revenue decline, strong net margin, ROE, and ROA, with a healthy debt-to-equity ratio. The company's proposed $25 billion acquisition of Albertsons is pending regulatory approval.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:00 pm

CSR

Centerspace (NYSE:CSR), a REIT, has received mixed analyst ratings over the past three months, with 1 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target is $60.75, down from $61.00. Analysts from RBC Capital and Piper Sandler have adjusted their ratings and price targets, reflecting their latest views on the company's performance. Centerspace's financials show a -1.33% revenue decline as of September 30, 2023, a net margin of 9.55%, ROE of 0.96%, ROA of 0.32%, and a debt-to-equity ratio of 1.31.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:00 pm

AXDX

Accelerate Diagnostics has initiated a proposed underwritten public offering of 4.5 million units, each comprising one share of common stock and one warrant to purchase an additional share. The company also plans to offer underwriters a 30-day option to buy up to an additional 675,000 shares and/or warrants.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:47 pm

TSLA

Tesla, Inc. (TSLA) is poised for a fifth consecutive day of losses, with a premarket decline of 1.85% following a 3.67% drop after announcing price cuts in China. Concerns about earnings growth and the upcoming earnings report may be contributing to the stock's weakness. Elon Musk's statement about desiring approximately 25% voting control in Tesla, due to its AI and robotics direction, may also influence investor sentiment.

Portfolio Pulse from Shanthi Rexaline

January 16, 2024 | 12:47 pm

SEAT

Vivid Seats has partnered with Stockperks to offer rewards to its loyal shareholders, aiming to increase retail ownership. The partnership will provide shareholders with unique experiences and offers, potentially enhancing shareholder value and engagement.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:08 pm

VRNT

Verint Systems (NASDAQ:VRNT) has received mixed analyst ratings over the past quarter, with 5 analysts offering opinions ranging from bullish to bearish. The average 12-month price target for VRNT is $38.4, with a high of $40.00 and a low of $36.00, reflecting a slight increase from the previous target of $38.00. The company's financials show a negative revenue trend with a -2.95% decline, but strong profitability with a net margin of 3.39% and an exceptional ROE of 0.91%. The debt-to-equity ratio is healthy at 0.55.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 12:00 pm

TSCO

Tractor Supply (NASDAQ:TSCO) has received mixed analyst ratings over the past quarter, with 13 analysts offering diverse opinions ranging from bullish to bearish. The recent ratings show a shift towards a more cautious stance, with a notable decline in the average 12-month price target to $218.85, down 6.8% from the previous average. Analysts from firms like Morgan Stanley, Truist Securities, and B of A Securities have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Tractor Supply operates a large network of retail farm and ranch stores in the U.S. and has shown strong financial performance with a revenue growth rate of 4.32% and a net margin of 7.47%, but carries a higher debt-to-equity ratio of 2.36.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 12:00 pm

DG

Analysts have provided mixed reviews on Dollar General (NYSE:DG) over the past three months, with a consensus leaning towards a neutral stance. The average 12-month price target for DG has been raised to $132.5, up from $122.00, with individual analysts from firms like Morgan Stanley, Barclays, and Truist Securities adjusting their targets and ratings. Dollar General operates a large chain of convenience stores in rural America, focusing on consumable items. Despite a market cap below industry benchmarks, the company has shown revenue growth and a high net margin, but its ROA and heavy reliance on debt raise some concerns.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 12:00 pm

FSUN

HMST

FirstSun Capital Bancorp (FSUN) and HomeStreet (HMST) have announced a strategic merger, creating a combined entity with assets of approximately $17 billion. The merger will result in a bank headquartered in Dallas, Texas, with a significant presence in 6 of the top 10 fastest-growing metropolitan statistical areas (MSAs) in the U.S. The combined company is expected to have strong performance metrics, including an estimated return on assets (ROA) of ~1.4% and return on average tangible common equity (ROATCE) of ~17%. The merger is anticipated to be highly accretive to FSUN's 2025 estimated earnings per share (EPS), with an increase of over 30%. Additionally, a $175 million equity raise, led by Wellington Management, has been fully committed to support the merger. The pro forma balance sheet of the combined entity is expected to be robust, with a high-quality deposit franchise and a neutral interest rate risk profile. The executive management team of the merged company will be highly experienced, with a track record of expertise in mergers and acquisitions (M&A).

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:33 am