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Equity Actions

VNO

Over the past three months, 7 analysts have provided diverse opinions on Vornado Realty (NYSE:VNO), with recent ratings showing a shift towards a more bearish outlook. The average 12-month price target has been raised to $26.71, indicating an 8.27% increase from the previous target. Analyst actions include both downgrades and upgrades, reflecting varying perspectives on the company's performance. Vornado Realty, a REIT with properties in key U.S. cities, faces revenue challenges and a high debt-to-equity ratio, despite strong net margin and ROE.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:00 pm

HBAN

Analysts have updated their ratings and price targets for Huntington Bancshares (NASDAQ:HBAN), showing a diverse range of opinions. The average 12-month price target has increased to $14.95 from $12.80, indicating a positive outlook. The company's financial performance, however, shows challenges with a revenue decline of -9.33% and below-average profitability metrics such as net margin, ROE, and ROA. The debt-to-equity ratio is also higher than the industry average, suggesting financial risk.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:00 pm

BP

BP Plc reclaimed £1.8 million from former CEO Bernard Looney's pay following his dismissal for undisclosed relationships with employees. Looney's total remuneration was reduced, with bonuses and share awards worth £3 million revoked. Murray Auchincloss succeeded Looney as CEO, earning £8 million last year. BP plans to buy back $3.5 billion of shares in the first half of 2024 and at least $14 billion through 2025. BP shares rose by 0.52% to $36.62.

Portfolio Pulse from Shivani Kumaresan

March 08, 2024 | 2:56 pm

PNFP

Recent analyst evaluations of Pinnacle Financial Partners (NASDAQ:PNFP) show a mix of opinions, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for PNFP has risen to $96.8, indicating a positive outlook from analysts. The company faces challenges in revenue growth and ROE but excels in net margin and ROA. It operates primarily in Tennessee, focusing on commercial loans and relying on mergers and acquisitions for growth.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:01 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has been analyzed by 5 analysts, showing a mix of ratings from somewhat bullish to indifferent. The average 12-month price target is $73.4, up from $69.33, with a high of $90 and a low of $62. Financial indicators reveal a positive revenue trend with a growth rate of 2.91% as of October 31, 2023, but a below-average net margin and a high debt-to-equity ratio. The company's ROE and ROA are above industry averages, indicating strong financial health despite potential challenges.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:00 pm

AAPL

Apple Inc. is reportedly adding new accessibility features to its upcoming iOS 18 and macOS 15 updates, aiming to enhance inclusivity and user-friendliness. These features include Adaptive Voice Shortcuts, an upgraded Live Speech function, expanded adjustable Text Size, and potentially an on-device eye-tracking feature. The updates are part of Apple's strategy to improve software quality and integrate generative AI capabilities, with more details expected at WWDC 2024.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 1:43 pm

LMFA

LM Funding has announced a 1-for-6 reverse stock split, set to take effect on March 12. This action is typically taken by companies aiming to increase their stock price by reducing the number of shares available, potentially to meet exchange listing requirements or to improve the stock's image among investors.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:38 pm

MAX

MediaAlpha's stock price is trading lower following the announcement of a secondary offering of 3 million shares. This move indicates the company is seeking to raise capital, but it also dilutes the value of existing shares, leading to the negative market reaction.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:38 pm

COIN

PLTR

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have seen significant spikes, with Bitcoin nearing all-time highs. The cannabis industry reacts positively to Biden's call for cannabis reform. Cathie Wood sells $13.15M worth of Coinbase shares, opting for Palantir stock instead. Tesla's Bitcoin investment yields a substantial unrealized profit. The S&P 500 surges to a new high, driven by tech giants and improved investor sentiment. Biden's economic policies and calls for cannabis reform mark significant political statements. Tesla faces a valuation drop and legal challenges, while the EV market sees competition from Rivian.

Portfolio Pulse from Akanksha Bakshi

March 08, 2024 | 1:12 pm

BURL

Analysts have recently updated their ratings and price targets for Burlington Stores (NYSE:BURL), showing a generally positive outlook. Over the past three months, 7 analysts have provided insights, with the latest updates indicating an increase in somewhat bullish sentiments and upward adjustments in price targets. The average 12-month price target now stands at $241.71, marking a 16.02% increase from the previous average of $208.33. Burlington Stores is highlighted for its solid revenue growth, exceptional ROE, but faces challenges with net margin, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 1:02 pm