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NKE

Nike announced it will lay off 740 workers at its Oregon headquarters as part of a second wave of mass layoffs, following a previous announcement by CEO John Donahoe of a 2% workforce reduction. The layoffs, which are part of a broader restructuring effort aimed at cutting $2 billion in costs over three years, do not affect Nike's store, distribution center, or U.S. manufacturing facility employees. This move comes amid a sales slump and market share loss to competitors, with Nike projecting only a 1% sales increase for the fiscal year ending May 31 and expecting sales to decline in the following six months before a projected acceleration due to new product launches.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:47 pm

BANR

Banner Corp (NASDAQ:BANR) received mixed analyst ratings with a recent average price target of $51.2, down from $52.60. Analysts from firms like Piper Sandler and DA Davidson adjusted their ratings and price targets, reflecting a nuanced view on Banner's financial health, which shows strong profitability but challenges in revenue growth.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 6:01 pm

MGNI

Magnite (NASDAQ:MGNI) was analyzed by 11 financial analysts, showing a range of opinions from bullish to bearish. Recent ratings indicate a shift towards a more positive outlook, with an average 12-month price target of $15.5, up 16.28% from the previous $13.33. Analyst actions include maintaining and raising ratings and price targets, reflecting optimism about Magnite's market performance and financial health. The company, a leading SSP in online advertising, has shown solid revenue growth and strong profitability metrics.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 6:01 pm

SWN

Six analysts have maintained a neutral stance on Southwestern Energy (NYSE:SWN) over the last three months, with no change in the average 12-month price target of $7.6. Analyst actions include both raises and lowers in price targets, reflecting a nuanced view of the company's prospects. Southwestern Energy faces significant financial challenges, including a -49.94% revenue decline, a net margin of -38.89%, and a debt-to-equity ratio of 0.7, indicating potential difficulties in profitability and debt management.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 6:01 pm

OLN

Analysts have mixed views on Olin (NYSE:OLN), with recent ratings ranging from bullish to indifferent. Over the past three months, 11 analysts have provided evaluations, with a notable shift in sentiment in the last 30 days. The average 12-month price target for OLN has increased to $63.64, up 8.69% from the previous $58.55. Analysts from firms like RBC Capital, Citigroup, and Keybanc have raised their price targets, reflecting a positive outlook on the stock. Olin Corp, a chemical manufacturer, faces challenges with a -18.33% revenue decline over 3 months but maintains strong profitability metrics.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 6:01 pm

EVER

Analyst ratings for EverQuote (NASDAQ:EVER) show a mix of bullish and bearish perspectives with a recent shift towards more positive evaluations. The average 12-month price target for EVER has increased significantly to $22.00, up 57.14% from the previous $14.00, indicating a positive outlook from analysts. EverQuote's financial performance shows challenges in revenue growth and efficiency in utilizing assets and equity, but it maintains a strong net margin and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 6:00 pm

DMTK

DermTech (NASDAQ:DMTK) received mixed analyst ratings with a shift towards a more cautious stance in the last quarter. The average 12-month price target was adjusted to $1.41 from a previous $3.25, indicating a significant downward revision. Analysts from Lake Street, Stephens & Co., and BTIG provided updates, with actions ranging from maintaining to lowering ratings and price targets. DermTech's financial overview shows a positive revenue growth rate of 31.06% but challenges in debt management and net margin.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:01 pm

HTHT

In the last three months, 5 analysts have updated their ratings on H World Group (NASDAQ:HTHT), showing a shift towards a more bullish outlook. The average 12-month price target has been raised to $48.00, up from $45.50, with a range between $40.00 and $64.00. Analyst actions include maintaining, raising, and lowering ratings, reflecting their adaptation to market conditions and H World Group's performance. The company has shown significant revenue growth and profitability, with a revenue increase of 53.63% and a net margin of 21.26%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:00 pm

FBIN

Fortune Brands (NYSE:FBIN) has been analyzed by 4 analysts, showing a shift towards a more neutral stance in the last three months with an average 12-month price target of $86.75, up from $83.75. The company, a leader in home and security products, has seen positive revenue growth but faces challenges in profitability, ROE, ROA, and a high debt-to-equity ratio. Analysts' ratings and price targets reflect their views on the company's market conditions and performance.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:00 pm

DB

UBS

Deutsche Bank AG (NYSE:DB) has cut its private banking workforce in Asia by ten roles recently, part of a broader effort to eliminate around 60 positions in Singapore and Hong Kong over the past year. This move is aimed at focusing on more profitable markets and addressing underperformance. The cuts have affected relationship managers, including those recruited from Credit Suisse, and employees in product and support functions. The restructuring comes amid a slowdown in China's economy, which has impacted revenues for wealth management firms in the region. UBS Group AG (NYSE:UBS) also reduced about 70 positions in Hong Kong and Singapore. Deutsche Bank's relationship manager headcount in Asia was 241 as of 2022.

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 4:41 pm