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XTNT

Xtant Medical Holdings Inc has filed for a mixed shelf offering with the SEC, allowing it to issue up to $150 million in securities. This strategic move could provide the company with financial flexibility for future growth, acquisitions, or debt management.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:03 pm

COHR

Analysts have recently updated their ratings and price targets for Coherent (NYSE:COHR), showing a predominantly bullish outlook. Over the past three months, 11 analysts have provided insights, with the latest updates indicating an increase in the average 12-month price target to $63.82 from $48.00, a 32.96% rise. The adjustments reflect positive sentiment based on Coherent's market position and performance, despite a revenue decline of -17.43% as of December 31, 2023, and challenges in revenue growth compared to industry peers. The company's net margin and return on equity and assets outperform industry averages, but its high debt-to-equity ratio of 0.8 raises financial leverage concerns.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 12:02 pm

FTI

Five analysts have recently updated their evaluations of TechnipFMC (NYSE:FTI), showing a mix of bullish to indifferent sentiments. The average 12-month price target has risen to $28.72, indicating a positive outlook. TechnipFMC, a leading offshore service provider, has shown a revenue growth of 22.62% and operates with a lower than industry average debt-to-equity ratio. However, its net margin and returns on equity and assets are below industry benchmarks.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 12:01 pm

LII

Lennox Intl (NYSE:LII) received mixed analyst ratings, with recent evaluations showing a bullish trend. The average 12-month price target is $462.4, marking an 8.67% increase from the previous target. Analysts from firms like Mizuho, TD Cowen, RBC Capital, JP Morgan, and Deutsche Bank have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Lennox Intl, a manufacturer and distributor of HVAC and refrigeration products, has shown strong financial health with a notable revenue growth rate of 5.58%, a net margin of 12.51%, and an ROE of 64.97%, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 12:00 pm

VIAV

Viavi Solutions (NASDAQ:VIAV) has been evaluated by 5 analysts over the last three months, showing a diverse range of opinions. Recent updates include raised price targets and ratings, with an average 12-month price target now at $14.00, up 25% from $11.20. The company's financials indicate challenges in revenue growth and ROE, but strengths in net margin, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 12:00 pm

FDX

SPY

UPS

FedEx announced it will terminate its domestic transportation services for the USPS by September 29, 2024, due to the inability to reach a contract extension. This decision may impact FedEx's operations and financial performance.

Portfolio Pulse from Charles Gross

April 01, 2024 | 11:42 am

EARN

Ellington Residential Mortgage REIT (EARN) has announced a strategic shift to focus on Corporate Collateralized Loan Obligations (CLOs), planning to expand its $44M CLO portfolio with a focus on secondary CLO mezzanine debt and equity tranches.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:37 am

VTLE

Vital Energy, Inc. (VTLE) plans to offer $100 million in 7.875% senior notes due 2032 in a private placement. The proceeds are intended for repaying or repurchasing debt, including cash tender offers for its 10.125% senior notes due 2028 and 9.750% senior notes due 2030, or for general corporate purposes. The notes will be guaranteed by Vital Midstream Services, LLC and certain future subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:36 am

GUTS

Fractyl Laboratories announced that its current cash reserves, totaling $33.2 million, along with approximately $100.3 million expected from IPO proceeds, will extend its cash runway through 2025. This financial stability is crucial for the company's ongoing and future operations.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:25 am

HPQ

MEI

XRX

Wall Street's most accurate analysts have provided their views on three high-dividend yielding tech stocks: Xerox Holdings Corporation (XRX), Methode Electronics, Inc. (MEI), and HP Inc. (HPQ). XRX has seen a full exercise of its over-allotment option for convertible senior notes and a series of financing transactions. MEI reported worse-than-expected Q3 financial results and suspended guidance. HPQ reported worse-than-expected Q1 sales results. Analyst ratings and price targets have been updated for these stocks.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 11:17 am