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LH

Analyst ratings for Laboratory Corp (NYSE:LH) show a mix of bullish and bearish perspectives with a recent decline in the average 12-month price target from $253.00 to $242.4. The company, a major player in the clinical laboratory market, has seen adjustments in ratings and price targets by analysts from Truist Securities, Barclays, Baird, Leerink Partners, and Evercore ISI Group due to market conditions and company performance. Despite a notable market presence and revenue growth, Laboratory Corp's financial health indicators such as net margin and ROA are below industry benchmarks, while its ROE and debt management are positive.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 7:00 pm

AGBA

AGBA Group Holding's (NYSE:AGBA) short interest has increased by 200%, with 97 thousand shares sold short, representing 0.54% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 5.52%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 7:00 pm

BH

Biglari Holdings (NYSE:BH) has seen a decrease in short interest, with the short percent of float falling 12.66% to 0.69%. This indicates fewer shares are being shorted, suggesting a potential shift in market sentiment towards the stock. Compared to its peers, Biglari Holdings has a significantly lower short interest, with the peer group average at 10.48%.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 7:00 pm

INTC

KKR

Apollo, KKR, and Stonepeak are reportedly considering an investment in a chip joint venture with Intel, according to Bloomberg. This move could signal a significant partnership in the semiconductor industry, potentially boosting Intel's capabilities and financial resources.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:57 pm

LBRDA

Liberty Broadband's (NYSE:LBRDA) short interest has decreased by 7.22%, now representing 0.9% of its float with 148 thousand shares sold short. This decline in short interest, taking 1.43 days on average to cover, may indicate a more bullish sentiment towards LBRDA compared to its peers, where the average short interest is 10.65%.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 6:45 pm

SEDG

SolarEdge Technologies (NYSE:SEDG) has seen a 14.92% increase in short interest since its last report, with 8.91 million shares sold short, representing 15.71% of its float. This indicates a bearish market sentiment, although it's higher than the peer group average of 6.52%. The article suggests that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 6:45 pm

BA

SPR

Fitch Ratings projects Boeing will maintain positive annual Free Cash Flow (FCF) with the potential to reach double-digit billions by the end of 2027. It also notes that a possible all-debt-funded acquisition of Spirit AeroSystems is included within Boeing's negative outlook.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:42 pm

DJT

Trump Media & Technology Group (NASDAQ:DJT), after its SPAC merger with Digital World Acquisition Corporation, has seen its stock fluctuate significantly. Short sellers and investors buying put options have reportedly made $200 million in paper profits as the stock declined from its peak. Despite a high cost to borrow and a significant portion of the float being shorted, the stock has recently gained, partly due to news on short selling and Trump's ongoing legal issues. Trump owns a majority in the company, which complicates potential stock sales and short selling strategies.

Portfolio Pulse from Chris Katje

April 26, 2024 | 6:34 pm

BA

Fitch Ratings has affirmed Boeing's long-term unsecured notes and revolvers at 'BBB-' and its Commercial Paper (CP) program at 'F3', maintaining a negative outlook. This reflects heightened execution risks for Boeing over the next 1-2 years. Fitch forecasts around low-400s 737MAX deliveries in 2024 and expects the production rate to remain constrained below 20 per month for the first half of the year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:28 pm

GOOG

GOOGL

Alphabet Inc (GOOG, GOOGL) shares surged after reporting strong Q1 results, surpassing expectations with significant revenue growth in Search and YouTube, driven by AI advancements and product innovation. Analysts from major firms upgraded their price targets and reiterated buy ratings, highlighting Alphabet's transition to AI leadership, operating leverage from cost controls, and confidence in future growth. The company also announced a quarterly dividend and a new share buyback program.

Portfolio Pulse from Priya Nigam

April 26, 2024 | 6:02 pm