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CTRA

Seven analysts have recently updated their ratings on Coterra Energy (NYSE:CTRA), with an average 12-month price target of $31.29, up from $30.40. The ratings range from bullish to indifferent, with no bearish sentiments. Analysts from B of A Securities, Raymond James, UBS, Citigroup, Truist Securities, and Susquehanna have adjusted their price targets and ratings, reflecting their views on the company's performance and market conditions. Coterra, an independent exploration and production company, has faced a significant revenue decline of -46.19% over the past 3 months but maintains a strong net margin of 23.75%. However, its ROE and ROA are below industry averages, and it has a low debt-to-equity ratio of 0.2.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 7:00 pm

WMT

Walmart's (NYSE:WMT) short interest has increased by 27.03% since the last report, with 13.35 million shares sold short, representing 0.94% of available shares. The short interest is below the peer group average of 4.71%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 6:45 pm

MLGO

WIMI

MicroAlgo has agreed to sell 8 million shares to WiMi Hologram Cloud for $4 million, according to an SEC filing. The transaction will take place at MicroAlgo Inc.'s offices once specific conditions are fulfilled.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:41 pm

BBD

Bank Bradesco Inc. (NYSE:BBD) stock has risen by 2.37% over the past month and 25.10% over the past year, currently trading at $3.45. The stock's P/E ratio of 14.22 is higher than the Banks industry average of 13.82, which could suggest that investors expect better future performance or that the stock is overvalued. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 6:30 pm

PB

Prosperity Bancshares (NYSE:PB) has received mixed analyst ratings over the last quarter, with 5 bullish and 3 indifferent ratings. Recent updates show analysts adjusting their 12-month price targets, with an average target of $67.00, up from $63.29. The company operates a community bank model in Texas and has seen a -6.47% decline in revenue growth as of September 30, 2023. Despite this, it maintains a high net margin of 41.97% but has a lower than average ROE of 1.6%. Its ROA of 0.28% and a debt-to-equity ratio of 0.6 reflect strong financial performance and conservative debt management.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 6:01 pm

CMA

Comerica (NYSE:CMA) received mixed ratings from 16 financial analysts in the past three months, with an average 12-month price target of $53.03, reflecting an 8.05% increase from the previous target. Analysts' actions include raising, maintaining, and lowering ratings and price targets, indicating varied perspectives on Comerica's performance. The company faces challenges with a revenue decline of -9.04% over 3 months but shows strong financial health with a high net margin of 27.23% and an ROE of 4.99%. However, its ROA and high debt-to-equity ratio suggest areas of concern.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 6:00 pm

FHN

Six analysts have recently updated their ratings on First Horizon (NYSE:FHN), with a mix of bullish and indifferent stances. The average 12-month price target is now $14.42, up 15.36% from the previous $12.50. Analysts from firms like Raymond James and Wells Fargo have raised their price targets, reflecting a positive shift in expectations for FHN's stock performance. Despite this, First Horizon faces challenges with revenue decline, below-average net margin, ROE, and ROA, although it maintains a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 6:00 pm

APA

Analysts have provided diverse opinions on APA (NASDAQ:APA) with 11 analysts offering ratings ranging from bullish to bearish. Over the past quarter, sentiments have shifted, with the current average 12-month price target for APA being $45.64, down 11.38% from the previous $51.50. Analysts from firms like Raymond James, UBS, Wells Fargo, Citigroup, RBC Capital, Piper Sandler, Benchmark, Mizuho, Susquehanna, and Bernstein have adjusted their ratings and price targets, mostly lowering them. APA, an independent exploration and production company, has faced a revenue decline of -20.06% over the past 3 months but has strong profitability indicators such as a net margin of 19.89% and ROE of 51.37%. However, the company has a high debt-to-equity ratio of 5.28, indicating potential financial strain.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 6:00 pm

MSCI

Raymond James analyst Patrick O'Shaughnessy downgraded MSCI Inc (NYSE:MSCI) to Market Perform from Outperform, citing a slowdown in ESG & Climate sales and persistent political headwinds. Sales in this segment through the first three quarters of 2023 were $31 million, compared to $52 million in 2022 and $43 million in 2021. The analyst expects these headwinds to continue through at least 2024 and projects revenue growth in the ESG & Climate segment to decelerate to 17% in 2024. Index subscription growth is also expected to fall below 10% in 2024. Despite these challenges, MSCI is still seen as a strong business with high barriers to entry and recurring revenue models. The analyst predicts ETFs linked to MSCI indices will see about $50 billion in net inflows in 2023, which is a decrease from $55 billion in 2022. Adjusted EPS estimates for Q4 and FY24 were raised slightly due to strong market performance.

Portfolio Pulse from Lekha Gupta

January 05, 2024 | 5:42 pm

PYPD

PolyPid's stock is trading higher following the announcement of a $16.2 million private placement, which involves issuing 3,371,312 shares at a price of $4.81 each.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:30 pm