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Revenues

PGEN

Precigen reported a narrower EPS loss of $(0.39) compared to $(0.40) YoY, with cash and investments totaling $62.9M as of December 31, 2023. R&D expenses rose by $1.4M, while SG&A expenses decreased by $7.6M. Total revenues fell by $20.7M, largely due to a decrease in collaboration and licensing revenues. Other income increased by $8.5M, mainly from reduced interest expenses and higher interest income. A $10.4M impairment charge was recorded for the Exemplar subsidiary. Loss from continuing operations widened to $95.9M from $79.8M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:10 pm

TSHA

Taysha Gene Therapies reported a significant improvement in its FY23 financial results, with EPS improving to $(0.96) from $(3.78) YoY. Revenue increased to $15.5 million, primarily from its Option Agreement with Audentes Therapeutics (Astellas Gene Therapies), focusing on Rett syndrome research. R&D expenses decreased to $56.8 million, and G&A expenses to $30.0 million, contributing to a reduced net loss of $111.6 million. The company ended the year with $143.9 million in cash, expecting to support operations into 2026.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:03 pm

AAL

DAL

LUV

UAL

The Airline Group has announced that U.S. airline passenger travel is expected to set a new record in March and April, with a 6% increase over 2023 levels, according to Reuters.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 6:59 pm

BA

C

EADSF

EADSY

GM

Boeing Co (NYSE:BA) is currently facing challenges, with discussions on Reddit highlighting its 'too big to fail' status and comparing its situation to historical examples like Citigroup Inc (NYSE:C) and General Motors Co (NYSE:GM). Despite its dominant position alongside Airbus SE (OTCPK: EADSF) (OTCPK: EADSY), Boeing's recovery is uncertain due to production issues and market dynamics.

Portfolio Pulse from Surbhi Jain

March 19, 2024 | 6:40 pm

TFC

Analysts have mixed views on Truist Financial Corporation (TFC), with recent ratings ranging from bullish to indifferent. The average 12-month price target has risen to $42.00, up 8.08% from the previous $38.86. Analysts from firms like Stephens & Co., Morgan Stanley, and Piper Sandler have raised their price targets, reflecting a positive adjustment in their outlook. Truist, a regional bank resulting from the merger of BB&T and SunTrust, faces challenges with a negative revenue trend and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 6:00 pm

TRGP

Targa Resources (NYSE:TRGP) has seen varied analyst ratings over the last three months, with a shift towards more bullish perspectives in the last 30 days. The average 12-month price target for TRGP has increased to $112.5, up 5.47% from the previous $106.67. Analysts from firms like Barclays, JP Morgan, and Citigroup have adjusted their ratings and price targets, reflecting a positive outlook on TRGP's performance. Despite facing challenges in revenue growth and net margin, TRGP's market capitalization and ROE indicate investor confidence and financial efficiency.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 6:00 pm

DXC

Analyst ratings for DXC Technology (NYSE:DXC) show a mix of views, with recent evaluations indicating a downward trend in price targets, now averaging $22.75, a 10.78% decrease from the previous $25.50. The company faces challenges in revenue growth, net margin, and debt management, but excels in ROE. DXC's market cap and financial performance indicators suggest it is lagging behind industry peers, with a notable revenue decline of -4.68% as of December 31, 2023.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 5:01 pm

TSCO

Tractor Supply (NASDAQ:TSCO) has been evaluated by 14 analysts over the last three months, showing a diverse range of opinions. Recent updates include raised price targets and ratings adjustments, reflecting a positive shift in sentiment. The average 12-month price target is now $243.07, up 8.03% from the previous $225.00. Despite a -8.65% decline in revenue growth as of December 31, 2023, Tractor Supply maintains strong profitability indicators such as a net margin of 6.77% and an ROE of 11.64%. However, its debt-to-equity ratio of 2.34 raises concerns about financial leverage.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 5:01 pm

ZIM

Analyst ratings for ZIM Integrated Shipping (NYSE:ZIM) show diverse outlooks, with recent actions including both downgrades and upgrades. The average 12-month price target is $14.57, up 39.16% from the previous $10.47. The company faces revenue challenges, with a -44.94% growth over 3 months, and struggles in profitability and debt management.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 5:01 pm

SFIX

Stitch Fix (NASDAQ:SFIX) has been evaluated by 10 analysts over the last three months, showing a predominantly indifferent to somewhat bearish sentiment. The average 12-month price target is now $3.21, down from $3.81, indicating a 15.75% decrease. Analysts have adjusted their ratings and price targets, reflecting concerns over Stitch Fix's financial performance, including a -17.53% revenue decline and below-industry-standard profitability metrics such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 5:01 pm