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SOS

SOS Ltd – ADR (NASDAQ:SOS) shares plummeted 30% to $1.49 after announcing a public offering of $7.85 million in ADSs and warrants. The offering includes 5,233,332 ADSs and warrants for an additional 10,466,664 ADSs at $1.50 each, exercisable immediately with a five-year term. The proceeds are aimed at funding cloud cryptocurrency mining, security, insurance, and general corporate purposes, with Maxim Group LLC as the placement agent. The offering is expected to close by March 15.

Portfolio Pulse from Henry Khederian

March 13, 2024 | 3:05 pm

TPX

Five analysts have recently updated their ratings on Tempur Sealy Intl (NYSE:TPX), showing a generally positive outlook with upgrades in price targets and ratings. The average 12-month price target is now $60.2, reflecting a 20.4% increase from the previous $50.00. The company's financials indicate a strong market presence but a slight decline in revenue growth. However, its net margin, ROE, and ROA surpass industry standards, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:00 pm

VRT

Vertiv Hldgs (NYSE:VRT) has seen varied analyst ratings over the past three months, with a recent shift towards more positive evaluations. The average 12-month price target for VRT has been raised to $69.00, up 18.45% from the previous $58.25, indicating a bullish outlook from analysts. Key financial indicators show Vertiv Hldgs with strong market capitalization, revenue growth, net margin, ROE, and ROA, although its debt-to-equity ratio suggests high debt levels. Analysts from Evercore ISI Group, JP Morgan, and Mizuho have raised their price targets, reflecting optimism about the company's performance.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:00 pm

CCL

NCLH

RCL

Goldman Sachs has issued Buy ratings for Royal Caribbean (RCL) and Carnival Corp. (CCL), and a Neutral rating for Norwegian Cruise Lines (NCLH), citing industry shifts leading to improved business models and multi-year pricing tailwinds. Key factors include favorable supply/demand, new ship launches, advancements in revenue management, and land investments. RCL is noted for its leadership and upcoming launches like Icon of the Seas, expected to generate significant ticket price premiums.

Portfolio Pulse from Piero Cingari

March 13, 2024 | 2:48 pm

ADM

Archer-Daniels-Midland (ADM) shares are trading higher following the announcement of a $1 billion accelerated share repurchase agreement.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:45 pm

LEN

Lennar Corporation (NYSE:LEN) is anticipated to report an increase in Q1 earnings to $2.20 per share from $2.06 the previous year, with projected revenue of $7.39 billion. The company recently increased its dividend and announced a $5 billion repurchase authorization. Shares rose 1.1% to $165.97. Analyst ratings vary, with price targets ranging from $130 to $165 and ratings from Neutral to Overweight.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 2:38 pm

GS

SPY

Goldman Sachs Asset Management's Co-Head of Real Estate indicates the U.S. commercial property market is 'bottoming out' and plans to increase investments this year. However, due to 'over-levered situations' in the U.S. real estate sector, a V-shaped market recovery is not anticipated.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:08 pm

ATEC

Alphatec Holdings (NASDAQ:ATEC) has received varying analyst ratings over the last quarter, with a recent shift towards bullish sentiment. The average 12-month price target has been raised to $19.00, indicating a potential upside. The company, specializing in spinal surgery technology, has shown significant revenue growth but struggles with profitability and high debt levels. Analysts' ratings and price target adjustments reflect changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:04 pm

MANH

Analyst ratings for Manhattan Associates (NASDAQ:MANH) show mixed sentiments, with recent updates indicating a positive outlook. The average 12-month price target is $242.0, reflecting an 11.39% increase from the previous target. Analysts from Citigroup, Rosenblatt, Raymond James, and Truist Securities have adjusted their ratings and price targets, suggesting optimism about the company's future performance. Manhattan Associates, a provider of supply chain and omnichannel software, has shown strong financial indicators such as a 20.27% revenue growth and impressive ROE and ROA, despite a below-average net margin.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:00 pm

TVTX

Travere Therapeutics (NASDAQ:TVTX) has been analyzed by 6 analysts, showing a mix of bullish to bearish sentiments. Recent ratings indicate a shift towards a more positive outlook, with an average 12-month price target of $13.33, up from $12.20. The company, focusing on rare kidney, liver, and metabolic diseases, shows a positive revenue trend with a 53.58% growth rate as of December 31, 2023, but faces challenges with a high debt-to-equity ratio of 2.02 and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:00 pm