Streetbeat News

Equity Actions

GE

During Investor Day, GE Aerospace's CFO emphasized cost reduction as the top priority, aiming to counteract the 9x engine headwind through volume, price, and productivity improvements. The CFO also projected that by 2028, Leap engines will achieve CFM-level profitability. Additionally, GE plans to utilize its $15B share buyback authorization over the next three years.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:58 pm

NYCB

New York Community Bancorp (NYSE:NYCB) announced a $1 billion equity investment and management changes. Analysts have mixed views on its short-term impact, with price targets ranging from $3 to $7.50. The equity infusion is seen as dilutive but necessary for stability and confidence. Concerns remain about potential losses in the bank's portfolio, but the new management and investor base are viewed positively for a potential turnaround.

Portfolio Pulse from Chris Katje

March 07, 2024 | 3:41 pm

EXPR

Express, Inc. (EXPR) stock plummeted 32% to $1.55 after being delisted from the NYSE due to failure to maintain the required market capitalization. The stock now trades on the OTC Pink Market. Despite the delisting, operations and financial obligations remain unaffected, with the company focusing on future growth and operational enhancements.

Portfolio Pulse from Henry Khederian

March 07, 2024 | 3:27 pm

MAT

During Investor Day, Mattel's CEO announced the company's plans to consider strategic investments to bolster its entertainment strategy and drive organic growth.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:24 pm

CELZ

A correction has been issued stating that Creative Medical Technology (CELZ) has not filed any new patent applications, contrary to previous reports.

Portfolio Pulse from Charles Gross

March 07, 2024 | 3:04 pm

SAFE

Analysts have mixed views on Safehold (NYSE:SAFE), with ratings ranging from bullish to bearish. The average 12-month price target is $29.86, reflecting a 10.59% increase from the previous target. Recent actions by analysts include adjustments to ratings and price targets, indicating varying expectations for the company's performance. Safehold, a REIT focusing on ground leases, shows strong revenue growth and net margin but falls below industry standards in ROE and ROA, with a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:01 pm

O

Realty Income (NYSE:O) received mixed analyst ratings with 3 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target is $60.17, down from $60.94. Analysts adjusted their ratings and price targets, reflecting dynamic market conditions and company performance. Realty Income's financial performance shows a revenue growth of 21.11% but lags in net margin and ROE compared to industry averages. Its debt-to-equity ratio is below industry average, indicating a conservative financial approach.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm

CRK

Comstock Resources (NYSE:CRK) received mixed analyst ratings in the latest quarter, with a shift towards a more cautious stance. The average 12-month price target was adjusted to $9.4, marking a 16.07% decrease from the previous target. Analysts from Piper Sandler and Truist Securities lowered their price targets and ratings, reflecting concerns over the company's market performance, revenue decline, and financial challenges such as debt management and profitability metrics.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm

ADC

12 analysts have recently shared mixed evaluations of Agree Realty (NYSE:ADC), with a consensus 12-month price target of $65.79, down from $66.00. The ratings range from bullish to indifferent, with recent actions including both raises and lowers in ratings and price targets by notable firms. Agree Realty, a real estate investment trust, has shown a revenue growth of 23.71% but faces challenges in profitability and efficiency, with below-industry averages in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm

BABA

Financial analysis reveals a bearish trend in options trading for Alibaba Gr Holding (NYSE:BABA), with 64% of trades showing bearish sentiment. The trading activity suggests a target price range of $60.0 to $100.0. The largest trades include both bullish and bearish calls and puts, with significant open interest and volume in specific strike prices. Alibaba, a major online and mobile commerce company, has seen its stock price decrease by -1.51%, with an RSI indicating potential overbought status. Analyst ratings vary, with an average target price of $105.08, but recent adjustments reflect a mix of optimism and caution.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:46 pm