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PFSI

PennyMac Financial Servs (NYSE:PFSI) has received diverse analyst ratings in the last three months, with the most recent showing increased bullish sentiment. The average 12-month price target for PFSI is now $94.67, up from $86.00, with a high estimate of $115.00 and a low of $82.00. Analysts from Deutsche Bank, Wedbush, Keefe, Bruyette & Woods, UBS, Barclays, and Piper Sandler have provided updates, with most raising their price targets. PFSI operates in mortgage lending and investment management, with a strong market capitalization, net margin, ROE, and ROA, but has faced revenue challenges with a slight decline over the past 3 months.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:01 pm

DRH

Analysts have mixed views on Diamondrock Hospitality (NYSE:DRH), with recent ratings ranging from bullish to bearish. Over the last quarter, 5 analysts provided ratings, with 2 somewhat bullish, 3 indifferent, and none bearish. The average 12-month price target is $9.7, up 5.78% from the previous $9.17, with a high estimate of $11.00 and a low of $9.00. Analyst actions include ratings and price target adjustments, reflecting market conditions and company performance. Diamondrock Hospitality, a REIT owning lodging properties, shows strong financial metrics with a revenue growth of 3.1%, net margin of 8.98%, ROE of 1.52%, ROA of 0.77%, and a debt-to-equity ratio of 0.79.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm

CHWY

MS

Chewy's stock price fell after a Form 144 filing revealed that a subsidiary of PetSmart is selling approximately 12.3 million shares of CHWY through Morgan Stanley. The shares are being re-offered in the price range of $20.45-$20.85.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:49 pm

NVTS

Navitas Semiconductor has announced the appointment of Janet Chou as the new CFO, Executive Vice President, and Treasurer. She will assume her role upon the filing of the company's 2023 annual report on Form 10-K, expected by the end of February. Chou will be taking over from Ron Shelton, who has decided to pursue other opportunities effective March 15, 2024. Shelton will continue to provide transition support to Chou and advice to CEO Gene Sheridan following the filing.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:44 pm

QFTA

AtlasClear, Inc. has extended its business combination agreement with Quantum FinTech Acquisition Corporation (QFTA) and restructured its proposed acquisition of Wilson-Davis & Co., Inc. The combined company, AtlasClear Holdings, Inc., is expected to trade on the NYSE American under the ticker symbol 'ATCH' after the closing of the business combination. AtlasClear also plans to acquire Commercial Bancorp of Wyoming and technology assets from Pacsquare Technologies, LLC, aiming to enhance its FinTech platform.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

GTY

Getty Realty Corp. (NYSE:GTY) reported a record year of investment activity in 2023, with approximately $326 million invested in convenience and automotive retail assets. The company also raised $295 million in new equity and debt capital. Getty announced its 2024 AFFO guidance at $2.29-$2.31 per diluted share, which does not account for future acquisitions, dispositions, or capital market activities. The company's portfolio expanded with acquisitions, development funding, and redevelopments, while also selling nine properties for $12 million.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:26 pm

AZZ

AZZ Inc. has filed for a mixed shelf offering, which allows the company to issue various types of securities over time. The filing indicates that AZZ Inc. is preparing to raise capital, but the specifics of the securities to be offered, including the timing and size, have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:24 pm

USAU

U.S. Gold Corp. (NASDAQ:USAU) released a CEO update highlighting recent and upcoming milestones for 2024, focusing on the advancement of its CK Gold Project and exploration assets. The company anticipates permit approval and a finalized feasibility study for the CK Gold Project in H1 2024, with the project becoming shovel ready in H2 2024. The update emphasizes robust economics from copper and gold sales, potential environmental benefits, and contributions to Wyoming's economy. Additionally, U.S. Gold Corp. sees value in its exploration assets in Nevada and Idaho and expects to improve its valuation from a currently low share price, with $4.0 million in treasury.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:24 pm

VOYA

Christine Hurtsellers, CEO of Voya Investment Management, has announced her retirement plans for 2024. Matt Toms, the current global chief investment officer at Voya Investment Management, has been named as her successor. Additionally, Eric Stein has joined Voya Investment Management as the head of investments and chief investment officer for fixed income.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:20 pm

AMRX

Amneal Pharmaceuticals has launched a complex generic version of Fluorometholone Ophthalmic Suspension, an eye medication. The company has secured a 180-day Competitive Generic Therapy (CGT) exclusivity for this product, which grants them a temporary monopoly in the generic market for this particular medication.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:17 pm