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WMT

Walmart has announced plans to open a new milk processing facility in Robinson, Texas, by 2026. This development is expected to create nearly 400 new local jobs and generate $350M in capital investment, according to Texas Governor Abbott.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:53 pm

KR

Kroger is testing new initiatives such as customer pickup lockers, drive-thru lanes, and AI-enabled store routing technology to enhance its pickup business. The company anticipates stronger sales in the second half of the year, despite facing headwinds from SNAP benefits and lower inflation in the first half, as stated in a conference call.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:37 pm

AEO

American Eagle Outfitters, Inc. (NYSE:AEO) shares rose after reporting Q4 earnings that exceeded analyst expectations. The company announced adjusted earnings per share of 61 cents, surpassing the consensus of 50 cents, and revenues of $1.679 billion, beating the expected $1.66 billion. Sales increased by 12% year over year, with store revenue up 10% and digital revenue up 19%. The company also reported a quarterly adjusted gross profit of $626 million, a 23% increase, and a gross margin rate improvement of 340 basis points. Looking ahead, American Eagle expects FY24 revenue growth of 2%-4% and operating income of $445 million-$465 million, with first-quarter operating income projected at $65 million-$70 million.

Portfolio Pulse from Nabaparna Bhattacharya

March 07, 2024 | 3:26 pm

KR

Kroger's CEO announced in the Q4 earnings call that promotions led to positive traffic, expecting consumer sentiment to improve in 2024. Despite ongoing macro pressures, Kroger anticipates double-digit sales growth in its digital business.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:16 pm

KR

Kroger's CEO announced plans for long-term growth, including building more new stores in 2024 and launching over 800 new products in their private-label portfolio. In 2023, customers used 4 billion coupons, a significant increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:16 pm

SAFE

Analysts have mixed views on Safehold (NYSE:SAFE), with ratings ranging from bullish to bearish. The average 12-month price target is $29.86, reflecting a 10.59% increase from the previous target. Recent actions by analysts include adjustments to ratings and price targets, indicating varying expectations for the company's performance. Safehold, a REIT focusing on ground leases, shows strong revenue growth and net margin but falls below industry standards in ROE and ROA, with a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:01 pm

O

Realty Income (NYSE:O) received mixed analyst ratings with 3 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target is $60.17, down from $60.94. Analysts adjusted their ratings and price targets, reflecting dynamic market conditions and company performance. Realty Income's financial performance shows a revenue growth of 21.11% but lags in net margin and ROE compared to industry averages. Its debt-to-equity ratio is below industry average, indicating a conservative financial approach.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm

CRK

Comstock Resources (NYSE:CRK) received mixed analyst ratings in the latest quarter, with a shift towards a more cautious stance. The average 12-month price target was adjusted to $9.4, marking a 16.07% decrease from the previous target. Analysts from Piper Sandler and Truist Securities lowered their price targets and ratings, reflecting concerns over the company's market performance, revenue decline, and financial challenges such as debt management and profitability metrics.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm

LEGN

Legend Biotech (NASDAQ:LEGN) has been evaluated by 4 analysts over the last three months, showing a mix of bullish to indifferent sentiments. The average 12-month price target is now $82.75, down 11.02% from the previous $93.00. Recent analyst actions include maintaining, raising, and announcing ratings with price targets ranging from $65.00 to $94.00. Legend Biotech, a clinical-stage biopharmaceutical company, has shown impressive revenue growth of 250.91% as of September 30, 2023, but struggles with profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm

ARE

Four analysts have recently updated their ratings on Alexandria Real Estate Equities Inc (NYSE:ARE), showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target is set at $143.5, with a high of $154.00 and a low of $140.00, marking a slight decrease from the previous average of $145.00. Alexandria Real Estate, a leading urban office REIT, has shown impressive financial performance with significant revenue growth and strong profitability metrics, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm