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Equity Actions

SAP

Analyst ratings for SAP (NYSE:SAP) have shown a mix of opinions over the last three months, with recent updates indicating a positive shift in sentiment. The average 12-month price target for SAP has been raised to $198.2, marking a 16.45% increase from the previous target. This adjustment reflects analysts' growing optimism about SAP's market performance, despite the company facing challenges in revenue growth, net margin, ROE, ROA, and debt management compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 8:00 pm

AAP

Advance Auto Parts is set to add three new board members as part of a settlement with Dan Loeb's hedge fund, Third Point, which has taken a stake in the company, according to sources cited by WSJ.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 7:51 pm

EL

Estee Lauder Cos (NYSE:EL) has seen unusual options activity, with a mix of bullish and bearish sentiments among big-money traders. The options scanner revealed 10 uncommon trades, split evenly between bullish and bearish, targeting a price range of $135.0 to $220.0. Notable trades include both calls and puts with significant total trade prices. Estee Lauder, a leader in the global prestige beauty market, has a current stock price of $150.02, with an RSI indicating a neutral position. Analyst ratings in the last month have an average target price of $167.67, with mixed revisions.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 7:30 pm

LLY

Eli Lilly and Co (NYSE:LLY) has seen a bearish trend in options trading, with 69% of investors holding bearish expectations. The trading activity suggests a price target range of $390 to $1080. Significant trades include both bullish and bearish sentiments, with notable trades aiming for strike prices between $600 and $770. The company's stock price is currently down by -1.33% at $752, with neutral RSI indicators. Analysts have set an average target price of $880, with ratings ranging from Overweight to Hold.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 7:01 pm

T

Recent options trading trends for AT&T (NYSE:T) show a predominantly bearish sentiment among investors, with 88% of detected trades being bearish. The trading volume and open interest suggest a price target range of $12.0 to $20.0. Despite this, AT&T's stock is slightly up with a current price of $17.22. Analysts, including one from Wolfe Research, have a more optimistic view, setting an average target price of $21.0 and upgrading the stock to Outperform.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:45 pm

DUO

ELTK

EQT

ETRN

GDS

GNE

LXRX

VTYX

U.S. stocks showed mixed performance with the Dow Jones index rising slightly, while the NASDAQ and S&P 500 fell. Materials shares led gains, while industrials lagged. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases following positive news. Conversely, Eltek, Genie Energy, and Ventyx Biosciences experienced notable declines. Oil prices dipped slightly, while gold and silver saw gains.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 6:44 pm

WING

Significant options activity has been observed for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (NASDAQ:WING), indicating a mixed sentiment among big-money investors, with 60% bearish and 40% bullish positions. The options trades range between $90.0 to $400.0 strike prices, showing unusual volume and open interest trends. Wingstop, mistakenly associated with the ticker WING, is actually a restaurant operator with a growing global presence. The current market performance of WING shows a slight decrease in price, with analysts providing mixed ratings and target prices ranging from $292 to $410.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:30 pm

MINM

The Board of Directors of Minim has decided against proceeding with the previously considered 1-for-3 reverse stock split, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:26 pm

WSM

Williams-Sonoma (NYSE:WSM) has received diverse analyst ratings over the last three months, with a shift towards more bullish sentiments in the recent 30 days. The average 12-month price target for WSM has been raised to $249.43, indicating a 19.69% increase from the previous target. The company's financial performance shows a negative revenue trend but strong profitability metrics such as net margin, ROE, and ROA. Williams-Sonoma's strategic focus includes expanding in the B2B, marketplace, and franchise areas, alongside managing a prudent debt strategy.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:01 pm

ACHV

BEN

Franklin Resources has reported a 12.0% passive stake in Achieve Life Sciences Inc as of February 29, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:49 pm