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Revenues

PSN

Recent analyst ratings for Parsons Corp (NYSE:PSN) show a positive trend, with an increase in bullish sentiments and a raised average 12-month price target to $79.5 from $72.33, indicating a 9.91% increase. Analysts from Baird, Truist Securities, and Keybanc have raised their price targets, reflecting optimism about the company's performance. Parsons Corp has demonstrated strong revenue growth and net margin, although it faces challenges in ROE and ROA, with a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 4:00 pm

ANGI

Four financial analysts have recently shared their evaluations of Angi Inc (NASDAQ:ANGI), showing a mix of bullish and indifferent stances. Over the last three months, ratings have shifted, with the latest month showing a more cautious outlook. The 12-month price targets for ANGI have been adjusted, with the current average target now at $2.96, down from $3.36, indicating a negative sentiment shift. Analysts from RBC Capital and UBS have adjusted their price targets and ratings, reflecting changes in market conditions and Angi's performance. Angi's financial performance shows challenges in revenue growth, profitability, and asset utilization, with a significant revenue decline of -19.2% and below-average net margin and ROE.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 4:00 pm

INVH

Five financial analysts have recently updated their ratings on Invitation Homes (NYSE:INVH), showing a shift towards a more bullish outlook over the last three months. The average 12-month price target for INVH has been raised to $38.4, indicating an 8.94% increase from the previous target. The company's financial performance shows solid revenue growth and exceptional net margin, although it faces challenges in ROE. INVH's market capitalization and debt management are highlighted as strengths.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 4:00 pm

USFD

US Foods Holding shares are trading higher following the announcement of Q4 revenue results that exceeded expectations and the issuance of FY24 net sales guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:42 pm

IEF

TLT

U.S. Treasury yields have nearly reversed their increase following January's high inflation report, due to poor retail sales data sparking hopes for Federal Reserve rate cuts. The 10-year Treasury note yield dropped to 4.21%, and the 30-year to 4.4%, both returning to pre-report levels. Retail sales in January fell by 0.8%, leading to increased bets on Fed rate cuts in 2024, with money markets predicting 105 basis points in cuts by year-end. The iShares 20+ Year Treasury Bond ETF (TLT) and the iShares 7-10 Year Treasury Bond ETF (IEF) both saw gains in response.

Portfolio Pulse from Piero Cingari

February 15, 2024 | 3:15 pm

DE

A Deere executive has indicated that demand for their products is expected to be the softest in Central & Eastern Europe due to disruptions in local commodity markets caused by the ongoing conflict in Ukraine, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:13 pm

LLY

NVO

Eli Lilly's obesity drug Mounjaro, also approved for diabetes, launches in the UK, making it the first major market for its prefilled pen version. The UK, with Europe's highest obesity rate, sees Superdrug and Simple Online Pharmacy offering the drug to both NHS and private patients. The launch follows MHRA's approval and marks a significant step for Eli Lilly, competing with Novo Nordisk's Wegovy. Pricing for a 4-week course starts at £189 for private patients.

Portfolio Pulse from Vandana Singh

February 15, 2024 | 3:09 pm

DE

Deere & Co (NYSE:DE) reported a 4% decline in Q1 fiscal 2024 net sales and revenue to $12.185 billion, surpassing consensus estimates. Despite beating revenue expectations, the company saw declines in several segments, with Production & Precision Agriculture and Small Agriculture & Turf net sales dropping 7% and 19% Y/Y, respectively. Construction & Forestry revenue remained flat, while Financial services revenues grew 32% YoY. Operating profit fell 13% Y/Y, and EPS decreased to $6.23 from $6.55 YoY, still beating consensus estimates. Deere also revised its 2024 net income outlook downwards and expects declines in net sales across several segments. Shares fell 4.4% to $367.57.

Portfolio Pulse from Akanksha Bakshi

February 15, 2024 | 3:05 pm

SPY

USA retail inventories excluding automobiles for December increased by 0.4%, which is lower than the estimated 0.6% but an improvement from the previous -0.9%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:02 pm

AIG

Over the past three months, American Intl Gr (NYSE:AIG) has been evaluated by 5 analysts, showing a shift towards a more bullish stance. The average 12-month price target for AIG has increased to $80.0, up 3.23% from $77.50. Analyst actions include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Despite a negative revenue trend and challenges in debt management, AIG's net margin and ROE outperform industry benchmarks, while its ROA is below average.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 3:01 pm