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SNV

Eight analysts have recently shared their views on Synovus Financial Corp (NYSE:SNV), with opinions ranging from bullish to bearish. Over the past three months, the sentiment has shifted, with the latest ratings showing a more cautious outlook. Analysts have updated their 12-month price targets for SNV, indicating an average target of $42.25, which is an 11.18% increase from the previous target of $38.00. The company faces challenges such as a decline in revenue growth by -18.57% as of December 31, 2023, and below-average performance metrics including net margin, ROE, and ROA. Despite these challenges, Synovus maintains a prudent financial strategy with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 3:00 pm

HIW

Highwoods Properties (NYSE:HIW) has received mixed analyst ratings in the last three months, with a recent shift towards a somewhat bearish outlook. The average 12-month price target for HIW has been raised to $26.00, reflecting a 9.84% increase from the previous target. Analysts from Morgan Stanley, Baird, Truist Securities, and Deutsche Bank have updated their ratings and price targets, indicating varying expectations for HIW's performance. Financially, HIW faces revenue challenges with a -2.29% decline over 3 months but shows strong profitability and effective cost management with an impressive net margin of 18.37% and above-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 3:00 pm

ARCH

BTU

CNX

METC

SXC

The closure of the Port of Baltimore, a major U.S. coal export hub, due to the collapse of the Francis Scott Key Bridge, is expected to slow U.S. coal export growth and reduce bunker fuel use, according to the Energy Information Administration (EIA). Baltimore, handling 28 million short tons of coal last year, plays a critical role in U.S. coal exports, especially to markets like India, Japan, China, and South Korea. The port's closure could impact coal and bunker fuel markets, with potential shifts in export activities to other ports like Hampton Roads.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:00 pm

BRZE

Braze has provided its financial guidance for Q1 and FY25, projecting adjusted EPS and revenue figures that are mixed in comparison to analyst estimates. For Q1, the adjusted EPS is expected to be between $(0.11) and $(0.10), worse than the $(0.05) estimate, with revenue projected at $131M-$132M, better than the $127.82M estimate. For FY25, the adjusted EPS is forecasted to be between $(0.12) and $(0.08), significantly below the $(0.02) estimate, while revenue is anticipated to be $570M-$575M, slightly below the $572.19M estimate.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:34 pm

ROMJF

Rubicon Organics Inc. (OTC:ROMJF), a leading organic certified premium cannabis producer, reported a net revenue of $40.1 million for the year ended December 31, 2023, a 13% increase from the previous year. The company achieved its seventh consecutive quarter of positive Adjusted EBITDA and sixth consecutive quarter of positive operating cash flow, despite competitive pricing pressures and broader negative macroeconomic factors. Gross profit before fair value adjustments was $14.1 million, up 15% from 2022. The company's Wildflower brand is the top topical brand in Canada with a 21.8% market share. Looking ahead to 2024, Rubicon Organics is optimistic, particularly about the launch of full spectrum extract resin vapes under the 1964 Supply Co. brand.

Portfolio Pulse from Nicolás Jose Rodriguez

March 28, 2024 | 2:25 pm

CVS

ELV

HUM

NVO

Major U.S. health insurers including CVS Health Inc (CVS), Elevance Health Inc (ELV), and Kaiser Permanente will start covering Novo Nordisk A/S's (NVO) Wegovy, an anti-obesity drug, for certain Medicare patients with heart-related conditions. This decision, following new CMS guidelines, marks a significant policy shift as weight-loss drugs were previously excluded from Medicare coverage. The coverage extension could lead to increased drug spending for insurers. Novo Nordisk's shares rose 0.83% to $129.11.

Portfolio Pulse from Vandana Singh

March 28, 2024 | 2:25 pm

KMB

Seven financial analysts have recently updated their ratings and price targets on Kimberly-Clark (NYSE:KMB), showing a mix of bullish, somewhat bullish, indifferent, somewhat bearish, and no bearish sentiments. The average 12-month price target is now $133.0, marking a 3.79% increase from the previous average of $128.14. Analysts from firms including Evercore ISI Group, HSBC, Goldman Sachs, Barclays, RBC Capital, and JP Morgan have adjusted their ratings and price targets, reflecting their latest views on the company's performance and market conditions. Kimberly-Clark's financials indicate a positive revenue trend, strong net margin, and efficient asset management, despite a market capitalization below industry averages and challenges in ROE.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 2:01 pm

PNC

Four analysts have recently updated their ratings on PNC Financial Services Group (NYSE:PNC), showing a shift towards a more cautious stance with two indifferent and two somewhat bearish ratings. Despite this, the average 12-month price target for PNC has increased to $155.25, up 9.33% from the previous $142.00, indicating a positive outlook on the stock's future value. PNC's financials, however, reveal challenges with a revenue decline of -6.51% over the last three months, below-average net margin, ROE, and ROA, suggesting operational and profitability issues.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 2:00 pm

SPY

USA Pending Home Sales for February increased by 1.6%, surpassing the estimated 1.4% and showing a significant improvement from the previous -4.7%. This indicates a positive momentum in the housing market.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:00 pm

SPY

The Michigan Consumer Sentiment Index for March reported a value of 79.4, surpassing both the estimated 76.5 and the previous month's 76.9.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:00 pm