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KMT

Analyst ratings for Kennametal (NYSE:KMT) show a mix of indifference and slight bearishness, with 3 indifferent and 1 somewhat bearish ratings in the last quarter. The average 12-month price target is $24.25, down 5.53% from the previous target. Kennametal's market performance indicators such as revenue decline, high net margin, and strong ROE and ROA are highlighted, alongside its debt management. The company's market cap is below industry average, indicating a smaller scale compared to peers.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:00 pm

MMM

SOLV

Solventum shares are trading lower after its recent spinoff from 3M, indicating a potential short-term negative impact on SOLV's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:50 pm

RIOT

Financial analysts have observed a bearish trend in options trading for Riot Platforms (NASDAQ:RIOT), with a significant portion of trades showing bearish sentiment despite a mix of bullish and bearish trades. The price target for RIOT is set between $2.0 and $35.0, based on recent trading volumes and open interest. The largest options trades indicate a mixed sentiment, with both bullish and bearish positions taken. Riot Platforms, a Bitcoin mining company, has seen its stock price decrease by 5.41% to $10.85, with analysts providing mixed reviews and price targets ranging from $15 to $20.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 6:00 pm

PYPL

V

PayPal Holdings Inc (NASDAQ:PYPL) experienced a stock surge, forming a Golden Cross, indicating bullish sentiment. This was influenced by a collaboration with Visa Inc (NYSE:V) and the addition of Ernst & Young CEO Carmine Di Sibio to its board. The Golden Cross, a bullish technical signal, was formed as PayPal's 50-day SMA surpassed its 200-day SMA. Despite a 14.54% decline in one-year performance, PayPal has shown resilience with a 4.78% increase year-to-date. Technical indicators like MACD and Bollinger Bands also suggest a bullish trend, although RSI indicates an overbought condition.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 5:42 pm

CRK

Comstock Resources (NYSE:CRK) has received mixed analyst evaluations over the past quarter, with a recent shift towards a more bearish sentiment. The average 12-month price target for CRK has been lowered to $9.29, a decrease of 12.11%. Analysts from firms including Goldman Sachs, Mizuho, Piper Sandler, Truist Securities, and Stifel have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Comstock Resources, an independent energy company, faces challenges in revenue growth, net margin, ROE, ROA, and debt management, indicating potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:01 pm

IEO

RIG

SLB

URNM

The CNBC Halftime Report highlighted final trade recommendations including Sprott Uranium Miners ETF (URNM), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Schlumberger N.V. (SLB), and Transocean (RIG). These assets were selected based on their current market positions and potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:00 pm

STRO

Sutro Biopharma Inc (NASDAQ:STRO) shares dropped 2.8% to $5.18 after announcing a $75 million underwritten offering of 14,478,764 shares at $5.18 each. The offering, closing around April 4, is led by healthcare-focused investors. Funds will support research, development, and potential acquisitions. BofA Securities is the book-runner. Wall Street views STRO as an Outperform, with a notable analyst predicting a 33.33% fall. The stock has risen 14.01% in the past 3 months, with revenue up 1217.44% over the past year.

Portfolio Pulse from Henry Khederian

April 02, 2024 | 4:46 pm

TJX

The TJX Companies, Inc. (NYSE:TJX) announced a 13% increase in its quarterly dividend to $0.375 per share, payable on June 6, 2024, to shareholders of record as of May 16, 2024. This marks the 27th dividend increase in 28 years, with a compound annual growth rate of 20%. Additionally, TJX plans to continue its share buyback program with $2.0 to $2.5 billion in repurchases for Fiscal 2025, reflecting confidence in continued sales growth, profitability, and strong cash flow.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:44 pm

BLK

STT

Banking regulators are scrutinizing BlackRock Inc (NYSE:BLK), Vanguard, and State Street Corporation (NYSE:STT) for adherence to passive investing mandates in U.S. banks. These firms, managing over $23 trillion, hold significant shares in numerous banks, raising concerns about their influence. The FDIC is considering stricter oversight, with bipartisan support for enhanced monitoring and potential investment restrictions. BlackRock and Vanguard argue that existing arrangements are sufficient, opposing further regulation.

Portfolio Pulse from Vandana Singh

April 02, 2024 | 4:36 pm

EDR

TKO

Silver Lake is set to acquire Endeavor Group Holdings, Inc. (NYSE:EDR) in a deal valued at $13 billion in equity and $25 billion in consolidated enterprise value, marking the largest private equity sponsor take-private in the media & entertainment sector in a decade. Endeavor stockholders will receive $27.50 per share in cash, a 55% premium over the unaffected share price. The transaction, supported by significant investments and new debt financing, is expected to close by the end of Q1 2025. TKO Group Holdings, Inc. (NYSE:TKO) is not part of this transaction but will continue to benefit from its connection to Endeavor.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:32 pm