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TFC

A comprehensive review of 14 analyst ratings for Truist Financial Corporation (TFC) over the last three months shows a mix of bullish to bearish sentiments, with a notable shift towards a more cautious outlook in the last 30 days. The average 12-month price target for TFC has risen to $43.32, indicating a 6.2% increase from the previous target. Analysts from firms like Evercore ISI Group, HSBC, and Morgan Stanley have updated their ratings and price targets, reflecting various expectations for TFC's performance. Despite the optimistic price targets, Truist Financial faces challenges such as a revenue decline of -15.44% over the past three months, below-average net margin and ROE, and a high debt-to-equity ratio, which may impact its financial stability and market performance.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 3:00 pm

H

Hyatt Hotels Corporation (NYSE:H) shares fell after reporting Q1 adjusted EPS below expectations, despite a sales growth of 2% YOY to $1.714 billion, surpassing analyst estimates. The company saw a 5.5% increase in system-wide RevPAR and net rooms growth, but adjusted EBITDA dropped by 5.9%. Hyatt repurchased shares worth $76 million and announced an additional $1 billion stock buyback authorization. The company expects FY24 capital expenditure of $170 million and projects net rooms growth of 5.5% - 6%, with a 3% to 5% increase in RevPAR. Full-year adjusted EBITDA is forecasted between $1.15 billion and $1.19 billion.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 2:54 pm

ACMR

ACM Research (NASDAQ:ACMR) has received updated analyst ratings in the last three months, with a consensus leaning towards bullish. Five analysts have offered ratings, with one new bullish rating in the last 30 days. The average 12-month price target for ACMR has been raised to $36.00, up 18.69% from the previous target of $30.33. Analysts from Needham and Benchmark have maintained or raised their buy ratings, with price targets adjusted accordingly. ACM Research's financial indicators such as revenue growth, net margin, ROE, ROA, and debt management are highlighted, showcasing the company's strong market position and financial health.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:01 pm

CE

Celanese (NYSE:CE) was analyzed by 11 analysts, showing a range of opinions from bullish to bearish. Recent ratings have shifted towards a more cautious stance, with an increase in neutral ratings over the last 30 days. The average 12-month price target for Celanese is now $173.27, up from $158.36, indicating a positive outlook. The company's financial performance is strong, with significant revenue growth, high net margin, and robust ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:00 pm

AZEK

AZEK Co (NYSE:AZEK) received mixed analyst ratings in the last quarter, with a shift towards more bullish sentiments in the recent 30 days. The average 12-month price target for AZEK is now $56.33, reflecting a 10.02% increase from the previous target of $51.20. Analysts from firms like Baird, Benchmark, Citigroup, Barclays, and Truist Securities have adjusted their ratings and price targets, indicating a positive outlook on the company's performance. AZEK Co, known for its low maintenance and environmentally sustainable outdoor living products, has shown notable revenue growth of 11.18% over the past 3 months, with a strong net margin of 10.7%. However, its ROE and ROA are below industry standards, and it maintains a low debt-to-equity ratio of 0.44.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:00 pm

MSFT

TSLA

Elon Musk's AI startup, X.AI Corp., is nearing the completion of a funding round that could value the company at approximately $18 billion. The round aims to raise $6 billion, with interest from investors like Sequoia Capital. The valuation and timing are still subject to change. X.AI Corp.'s pitch highlights Musk's track record with Tesla and SpaceX, and the importance of data from X for AI development. The company competes with Microsoft-backed OpenAI, valued at $80 billion, in the AI chatbot market.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 1:51 pm

INTC

Significant bearish options activity has been detected in Intel (NASDAQ:INTC), with a notable imbalance towards puts over calls among large investors. This unusual activity suggests a bearish sentiment towards Intel's stock, targeting a price range from $30.0 to $60.0. Despite this, Intel remains a leader in the microprocessor market, with recent stock performance showing a slight decline. Analyst opinions on Intel are mixed, with target prices ranging from $30 to $40, indicating a cautious outlook on the stock's future performance.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:47 pm

EHAB

AREX Capital Management, holding approximately 4.8% of Enhabit, Inc. (EHAB) shares, expressed disappointment in the conclusion of Enhabit's strategic review, which ended without a sale. AREX criticized Enhabit's Board for the company's underperformance and nominated seven directors to enhance operational expertise in home health and hospice, aiming to improve shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:40 pm

CDZI

Cadiz, Inc. has partnered with MZ Group to enhance its investor relations and financial communications strategy. This move comes at a critical inflection point under the new leadership of Susan Kennedy, highlighted by significant permitting and contracting milestones. Additionally, a recent Form 4 filing revealed the CEO's purchase of Cadiz shares, aligning interests with shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:30 pm

TIVC

Tivic Health Systems Inc. has announced the pricing of a $4 million public offering, aiming to raise funds for general corporate purposes, including working capital. This move could indicate the company's need for financial strengthening or expansion efforts.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:27 pm