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APLT

Applied Therapeutics announced its current cash and cash equivalents of $49.9M, along with $100M from a February 2024 private placement, are expected to extend its cash runway into the first half of 2026.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:24 pm

CEG

VST

As of March 6, 2024, Vistra Corp. (VST) and Constellation Energy Corporation (CEG) in the utilities sector are considered overbought with RSI values of 92.47 and 83.66, respectively. Vistra announced FY23 results and a $1.5 billion share buyback program, while Constellation reported strong Q4 revenue. VST's stock rose 18% over five days, and CEG's stock increased 35% over the past month.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 12:09 pm

LSEA

Landsea Homes announced the pricing of a secondary common stock offering of 2.43 million shares at $11.60 per share, expected to close on March 8, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:07 pm

UNFI

UNFI has revised its FY24 GAAP EPS outlook downwards from $(2.02) - $(0.76) to $(1.70) - $(1.08), against an estimate of $(0.64). The company also adjusted its full-year net sales forecast to $30.5 - $31.0 billion from the previous $30.9 - $31.5 billion, and its net loss projection to $(101) - $(65) million from $(120) - $(46) million. Adjusted EPS is now expected to be between $(0.56) and $0.06, compared to the prior forecast of $(0.88) to $0.38. Adjusted EBITDA is anticipated to be $475 - $525 million, slightly adjusted from $450 - $550 million. Capital and cloud implementation expenditures remain unchanged at approximately $400 million.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:02 pm

MOH

Five analysts have recently updated their ratings on Molina Healthcare (NYSE:MOH), showing a mix of opinions. The average 12-month price target for MOH has been raised to $420.6, indicating a 10.25% increase from the previous target. Analysts from Barclays, Truist Securities, Wells Fargo, Cantor Fitzgerald, and UBS have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Molina Healthcare's financials show strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio poses a challenge.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 12:00 pm

ROK

Recent analysis of Rockwell Automation (NYSE:ROK) by 9 analysts shows a mix of bullish and bearish sentiments, with a negative shift in the average 12-month price target by 3.97% to $306.89. Analysts from firms like Berenberg, JP Morgan, and Citigroup have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Rockwell Automation, a leader in automation, shows strong financial health with notable revenue growth, net margin, ROE, and ROA, despite challenges in debt management.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 12:00 pm

CNC

Six financial analysts have recently updated their ratings on Centene (NYSE:CNC), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target for CNC is now $88.00, up from $78.60, indicating an 11.96% increase. Analysts from Barclays, Wells Fargo, Truist Securities, UBS, and Cantor Fitzgerald have adjusted their ratings and price targets, reflecting optimism about Centene's market performance. Centene, a managed-care organization, has shown strong financial indicators such as revenue growth, net margin, ROE, and ROA, outperforming industry averages. However, its debt-to-equity ratio is higher than the industry average, suggesting financial risk.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 12:00 pm

PNR

Pentair, during its Investor Day, reiterated its 2024 guidance as previously announced on January 30, 2024. The company plans to offer an in-depth review of its strategy, growth drivers, transformation initiatives, and long-term financial objectives, also setting new financial targets through fiscal 2026.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:59 am

BOX

Box Inc. shares surged following its announcement of higher-than-expected Q4 earnings per share (EPS) and a $100M expansion of its stock repurchase program. Additionally, the company provided Q1 revenue guidance that exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:52 am

XRX

Xerox Holdings announced a proposed convertible notes offering, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:50 am