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THR

Thermon Group Holdings, Inc. has acquired Vapor Power International, LLC, a provider of industrial process heating solutions. Vapor Power generated over $50 million in revenue for the year ended December 31, 2023. The acquisition is expected to be accretive to Thermon's GAAP earnings per share in the first twelve months post-acquisition. The seller was an investment group led by Stone Pointe, LLC, along with Vapor Power's management team. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 12:03 pm

ROL

Rollins (NYSE:ROL) received mixed analyst ratings in the latest quarter, with 3 bullish and 1 indifferent rating. The average 12-month price target is $45.25, slightly up from the previous $45.00. Analysts from Goldman Sachs, Morgan Stanley, UBS, and Stifel provided recent evaluations, with price targets ranging from $40.00 to $50.00. Rollins, a global pest-control service provider, showed a revenue growth of 15.17% and a net margin of 15.2%, with an ROE of 10.45% and an ROA of 4.88%. The company maintains a low debt-to-equity ratio of 0.82.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 12:00 pm

GS

Goldman Sachs Gr (NYSE:GS) has received mixed ratings from 6 analysts in the past three months, with 5 somewhat bullish and 1 indifferent. The average 12-month price target is now $436.83, up from $422.60. Analysts from Barclays, Morgan Stanley, Oppenheimer, and JMP Securities have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Goldman Sachs's revenue declined by -1.32% as of September 30, 2023, and it faces challenges with ROE, ROA, and debt management, despite a strong net margin and market position.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 12:00 pm

PK

Park Hotels & Resorts (NYSE:PK) has received mixed analyst ratings over the past three months, with the latest average 12-month price target being $15.75, up 16.06% from the previous $13.57. Analysts from firms like Jefferies, Wells Fargo, JP Morgan, Morgan Stanley, Barclays, and HSBC have updated their ratings and price targets, reflecting a positive outlook on the company's financial performance, which includes a revenue growth rate of 2.57%, a net margin of 3.98%, an ROE of 0.67%, and an ROA of 0.29%. Park Hotels & Resorts focuses on high-quality assets in domestic gateway markets and has a lower than average debt-to-equity ratio of 1.18.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 12:00 pm

BAC

Bank of America (NYSE:BAC) has received mixed analyst ratings over the past three months, with 7 analysts offering a range of opinions. The average 12-month price target is $40.56, up from $39.00, with high and low estimates of $51.00 and $30.00 respectively. Analysts from firms including Barclays, Odeon Capital, Goldman Sachs, Oppenheimer, Keefe, Bruyette & Woods, and BMO Capital have adjusted their ratings and price targets, reflecting their views on the company's market performance and financial health. Bank of America, a major U.S. financial institution, shows a positive revenue trend, strong net margin, but below industry average ROE and ROA, and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 12:00 pm

COF

Over the past three months, 10 analysts have provided diverse ratings for Capital One Financial (NYSE:COF), with an average 12-month price target of $118.3, up from $116. The ratings range from bullish to bearish, with recent actions including both upgrades and downgrades. Capital One is a large financial services company with strong revenue growth, net margin, and ROE, but a lower ROA and conservative debt management. Analysts' ratings and price targets reflect their views on the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 12:00 pm

MNKD

MannKind Corporation has entered into a deal to sell a 1% royalty on net sales of Tyvaso DPI, a treprostinil inhalation powder, for up to $200 million. This includes an upfront purchase price of $150 million and an additional potential milestone payment of up to $50 million.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 11:10 am

BYDDF

BYDDY

FFND

TSLA

Tesla, Inc. (TSLA) is set to release its Q4 delivery data, a key indicator for its upcoming earnings report. Analysts predict around 480,500 units for Q4, with some estimates reaching 505,794 for production and 479,000 for deliveries. Tesla needs 475,926 units in Q4 to meet its annual target of 1.8M deliveries. BYD Co. Ltd. (BYDDY) (BYDDF) reported strong Q4 EV sales, challenging Tesla's dominance. Tesla's price cuts in 2023 affected margins, leading to Q3 misses. The Cybertruck launch and changes in U.S. EV subsidies may influence future pricing and demand. Tesla's stock ended 2023 up 101.72% despite a recent drop.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 8:38 am

CALM

LMDX

PALI

SPGC

WNW

Several companies are in focus heading into Tuesday with key developments: Sacks Parente Golf, Inc. (SPGC) announced the immediate resignation of its CEO, with shares dropping in after-hours trading. LumiraDx Limited (LMDX) agreed to sell its technology platform to Roche, resulting in a share price decline. Palisade Bio, Inc. (PALI) filed for a common stock offering, slightly boosting its share price. Meiwu Technology Co., Limited (WNW) reported a significant revenue surge and a decrease in net loss, leading to a share price increase. Cal-Maine Foods, Inc. (CALM) plans to acquire assets from Tyson Foods, with a slight decrease in its share price after the announcement.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 7:44 am

DIS

Elon Musk criticized Disney's content slate as 'unwatchable' and claimed that Disney's market cap is solely based on its parks, with other segments valued 'neutral to negative'. Disney (NYSE:DIS) lagged the S&P 500 in 2023, with modest revenue growth and a drop in EPS. The company faces challenges in streaming and linear TV, and box office performance has been weak. Despite this, Morgan Stanley analyst Benjamin Swinburne is bullish on Disney's Experiences segment. Disney shares slightly fell in the last session.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 6:18 am