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TSN

Tyson Foods has reduced operations at some of its meatpacking facilities due to winter weather conditions. The company is making efforts to meet customer orders from other locations.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:20 pm

BLBD

Blue Bird Corporation (NASDAQ:BLBD) received a record order of 180 electric school buses from the Los Angeles Unified School District (LAUSD), marking the company's largest single order from a school district. The order includes 150 All American and 30 Vision model buses, with delivery expected in October 2024. This move aligns with LAUSD's goals to reduce greenhouse gas emissions and improve operational efficiencies. Blue Bird's electric buses feature vehicle-to-grid (V2G) capability, potentially allowing LAUSD to sell excess energy back to power companies. Blue Bird has delivered 1,500 electric buses across 41 states and is expanding its production capacity to meet the growing demand for zero-emission vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:05 pm

ANGI

Analysts have mixed views on Angi (NASDAQ:ANGI), with 6 ratings over the last three months showing a shift towards a more bearish sentiment. The average 12-month price target is now $3.76, down from $4.41, with individual analyst actions including both raised and lowered ratings and price targets. Angi's financial performance shows a significant revenue decline, a negative net margin, and a strong ROE and ROA. The company operates in home services and has a lower market capitalization compared to industry peers.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:01 pm

PTVE

Pactiv Evergreen (NASDAQ:PTVE) has received 4 analyst ratings in the last three months, with a positive shift in sentiment and an increased average 12-month price target of $16.00, up 37.1% from the previous $11.67. Analysts from UBS, Citigroup, B of A Securities, and RBC Capital have raised their price targets, reflecting optimism about the company's performance. Despite challenges in revenue growth and net margin, Pactiv Evergreen's ROE and ROA outperform industry benchmarks, and its conservative debt management is noted.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:01 pm

ADI

Analog Devices (NASDAQ:ADI) has been the subject of diverse analyst ratings over the past three months, with 9 analysts offering opinions ranging from bullish to bearish. The average 12-month price target is $205.0, showing a slight increase from the previous target of $201.12. Recent actions by analysts include both raised and lowered ratings and price targets. The company faces challenges with a -16.36% decline in revenue growth, a net margin of 18.35%, and ROE and ROA below industry benchmarks. Despite this, its debt-to-equity ratio is conservative at 0.2.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:00 pm

COHR

Coherent (NYSE:COHR) received mixed analyst ratings over the past three months, with 3 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target is $49.33, up from $43.00, with a high of $60.00 and a low of $40.00. Analysts from Barclays, Raymond James, Needham, Morgan Stanley, and Benchmark have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Coherent operates in engineered materials and optoelectronics, facing challenges in revenue growth (-21.68% over 3 months) and below-average ROE and ROA, but with a strong net margin of -9.28% and a high debt-to-equity ratio of 0.92.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:00 pm

PCT

PureCycle Technologies, Inc. (NASDAQ:PCT) provided an update on its Ironton purification facility, reporting significant production progress. The facility produced 183,000 pounds of pellets in the last two weeks, matching Q4 2023's output. Improvements made after a December mechanical failure have enhanced operations. The company is focusing on optimizing the co-product recovery system and has adjusted feedstocks to improve run rates. PureCycle's finished product is in demand despite color variations, and the company plans to host an 'Ironton Showcase Day' on March 7 for investors.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:52 pm

SPY

Fed's Waller suggests that shipping does not need to pass through the Red Sea, implying that while there may be one-time cost impacts, this should not affect underlying inflation.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:39 pm

STNG

Scorpio Tankers Inc (NYSE:STNG) has sold an MR product tanker and plans to exercise purchase options on five ships, aiming to close the sale in Q1 2024 and acquisitions in H1 FY24. The sale of STI Tribeca is for $39.1 million, and the acquisitions are expected to reduce the company's debt by $61.1 million. Scorpio Tankers' net debt was $1.23 billion as of Dec. 12. The company's TCE revenue for various vessels in Q4 was reported last month, and the CEO highlighted a strong product tanker market and commitment to lowering leverage and borrowing costs. STNG shares dropped 0.99% to $64.03.

Portfolio Pulse from Lekha Gupta

January 16, 2024 | 4:17 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) is evaluated against its competitors in the Semiconductors & Semiconductor Equipment industry. AMD's PE ratio is significantly higher than the industry average, suggesting overvaluation, while its PB ratio is lower, indicating potential undervaluation. The PS ratio is also high, hinting at overvaluation in terms of sales. AMD's ROE is below the industry average, suggesting inefficiency in profit generation. The company's EBITDA, gross profit, and revenue growth are lower than the industry average, indicating potential profitability and revenue growth challenges. AMD's debt-to-equity ratio is favorable compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 4:00 pm