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Equity Actions

NIO

In the past three months, 6 analysts have updated their ratings on NIO (NYSE:NIO), showing a shift towards a more cautious stance with 4 indifferent and 2 somewhat bearish ratings. The average 12-month price target has been lowered to $5.45 from $7.47, indicating a negative outlook. NIO's financial performance shows strong revenue growth and ROA, but concerns over net margin, ROE, and high debt levels. The company has sold over 160,000 EVs in 2023, holding about 2% of China's new energy vehicle market.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 12:00 pm

EPRT

Essential Props Realty (NYSE:EPRT) received mixed analyst ratings over the last three months, with 4 analysts offering evaluations ranging from bullish to bearish. The average 12-month price target for EPRT is $27.75, reflecting a 2.78% increase from the previous target of $27.00. Analyst actions include both upgrades and downgrades, with price targets ranging from $26.00 to $29.00. Essential Props Realty, a real estate investment trust, has shown strong financial performance with a revenue growth of 31.58%, a net margin of 50.13%, and above-industry average returns on equity and assets.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 12:00 pm

BNL

Broadstone Net Lease (NYSE:BNL) has received mixed analyst ratings over the last quarter, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for BNL has been adjusted to $17.00, down from $17.50, reflecting a decrease of 2.86%. Analysts from Goldman Sachs, Truist Securities, and JP Morgan have provided varying ratings and price targets, indicating diverse perspectives on BNL's performance. Despite a dominant market capitalization, BNL has experienced a revenue decline of -6.36% over the past three months and faces challenges in profitability and asset utilization, with below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 12:00 pm

EWCZ

European Wax Center (NASDAQ:EWCZ) has received mixed analyst ratings over the past quarter, with all 4 analysts rating it as somewhat bullish. The average 12-month price target for EWCZ has increased to $18.5, up 2.78% from the previous target of $18. Analysts from Telsey Advisory Group and Piper Sandler have maintained and raised their ratings, respectively, with price targets ranging from $18 to $20. European Wax Center has shown positive financial performance, with solid revenue growth, high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 12:00 pm

FUFU

BitFuFu has officially filed a Form RW to withdraw its previously submitted registration statement on Form 20FR12B. This move indicates a change in the company's plans regarding its public offering or listing strategy.

Portfolio Pulse from Charles Gross

March 07, 2024 | 11:29 am

GE

GE Aerospace, a division of General Electric, is set to become an independent publicly traded company on April 2, 2024. It will list on the NYSE under the ticker 'GE'.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:20 am

GE

GE Aerospace has reaffirmed its financial guidance and presented a longer-term financial outlook, which includes a projection of achieving approximately $10 billion of operating profit by 2028. This announcement reflects the company's confidence in its future performance and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:18 am

AIRG

Airgain announced on March 6 that it has entered into an at-the-market issuance sales agreement with Craig-Hallum to sell shares of its common stock, with an aggregate offering price of up to $5 million.

Portfolio Pulse from Charles Gross

March 07, 2024 | 11:07 am

PYCR

Paycor HCM announced the pricing of a public offering of 8 million common shares at $20.15 per share, sold by investment funds advised by Apax Partners. The offering includes 5.65 million shares from Pride Feeder, LP and 2.348 million shares from AIX Pride Syndication L.P.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:04 am

ADT

ADT has priced a secondary public offering of 65 million common shares at $6.50 each. Concurrently, ADT will repurchase 15 million shares from underwriters as part of its existing $350 million share repurchase program, without paying underwriting fees.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:46 am