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EWBC

East West Bancorp (NASDAQ:EWBC) received mixed ratings from 6 analysts, with an updated average 12-month price target of $87.5, marking a 17.06% increase from the previous target. The company, a commercial bank with operations in the US and China, has seen a revenue decline of -2.82% but boasts strong profitability metrics such as a net margin of 37.14% and ROE of 3.53%. Despite challenges, its financial performance and strategic focus on cross-border operations and entertainment partnerships position it uniquely in the market.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:00 pm

RSI

Rush Street Interactive (NYSE:RSI) has been analyzed by 8 financial analysts over the past three months, showing a mix of bullish to bearish sentiments. The average 12-month price target for RSI has been raised to $7.25, up 15.26% from the previous target of $6.29. Analysts from firms like Macquarie, Craig-Hallum, and Wells Fargo have adjusted their ratings and price targets, reflecting a positive outlook on RSI's performance. Despite its market capitalization being below industry average and challenges in profitability and asset utilization, RSI shows a positive revenue trend with a growth rate of 14.79% as of September 30, 2023.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:00 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has been analyzed by 5 analysts, showing a mix of ratings from somewhat bullish to indifferent. The average 12-month price target is $73.4, up from $69.33, with a high of $90 and a low of $62. Financial indicators reveal a positive revenue trend with a growth rate of 2.91% as of October 31, 2023, but a below-average net margin and a high debt-to-equity ratio. The company's ROE and ROA are above industry averages, indicating strong financial health despite potential challenges.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:00 pm

PB

Prosperity Bancshares (NYSE:PB) has seen a mix of analyst ratings over the past three months, with 6 analysts offering views ranging from bullish to indifferent. The average 12-month price target for PB has risen to $72.17, up 13.35% from the previous $63.67. Recent analyst actions include ratings and price target adjustments by Barclays, Morgan Stanley, RBC Capital, Raymond James, Truist Securities, and UBS. Despite a negative revenue trend of -7.51% as of December 31, 2023, PB's net margin and ROA outperform industry averages, while its ROE and debt management pose challenges.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:00 pm

TEVA

Eight analysts have recently updated their ratings on Teva Pharmaceutical Industries (NYSE:TEVA), showing a diverse range of opinions from bullish to bearish. The average 12-month price target for TEVA has increased by 25.04% to $14.38, with a high estimate of $19.00 and a low of $11.00. Analyst actions include both upgrades and initiations of coverage, reflecting a nuanced view of the company's prospects. Teva, a leading generic drug manufacturer, has shown notable revenue growth and strong financial performance, despite challenges in debt management.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:00 pm

SPY

The Nonfarm Payrolls report for February showed an addition of 223,000 jobs, surpassing the estimated 198,000. This indicates a stronger than expected labor market.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:30 pm

WLDN

Willdan Group's shares surged following the announcement of Q4 financial results that exceeded expectations and the issuance of an optimistic FY24 guidance. Additionally, the company announced securing a contract valued between $30 million to $50 million over the next three years.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:29 pm

COIN

PLTR

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have seen significant spikes, with Bitcoin nearing all-time highs. The cannabis industry reacts positively to Biden's call for cannabis reform. Cathie Wood sells $13.15M worth of Coinbase shares, opting for Palantir stock instead. Tesla's Bitcoin investment yields a substantial unrealized profit. The S&P 500 surges to a new high, driven by tech giants and improved investor sentiment. Biden's economic policies and calls for cannabis reform mark significant political statements. Tesla faces a valuation drop and legal challenges, while the EV market sees competition from Rivian.

Portfolio Pulse from Akanksha Bakshi

March 08, 2024 | 1:12 pm

BURL

Analysts have recently updated their ratings and price targets for Burlington Stores (NYSE:BURL), showing a generally positive outlook. Over the past three months, 7 analysts have provided insights, with the latest updates indicating an increase in somewhat bullish sentiments and upward adjustments in price targets. The average 12-month price target now stands at $241.71, marking a 16.02% increase from the previous average of $208.33. Burlington Stores is highlighted for its solid revenue growth, exceptional ROE, but faces challenges with net margin, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 1:02 pm

GTES

Gates Industrial Corp (NYSE:GTES) received mixed analyst evaluations over the last three months, with a shift towards a more bullish outlook in the last 30 days. The average 12-month price target for GTES has been raised to $18.25, indicating a 46.0% increase from the previous target of $12.50. The company's financial performance shows a revenue decline of -3.36% over the past 3 months, a high net margin of 7.29%, but lower than average ROE and ROA, and a high debt-to-equity ratio of 0.8.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 1:01 pm