Streetbeat News

Revenues

IP

Analysts have varied ratings for International Paper (NYSE:IP), with recent price targets averaging $52.5, up from $50. Analysts from Truist Securities, Argus Research, Wells Fargo, and RBC Capital have raised their ratings, reflecting positive sentiment. Despite revenue growth, International Paper faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 2:00 pm

PB

Analysts have provided a range of ratings for Prosperity Bancshares (NYSE:PB) over the past three months, with a mix of bullish and neutral sentiments. The average 12-month price target has increased to $80.0, reflecting an 8.36% rise from the previous target. Analysts have adjusted their ratings and price targets based on recent developments, with some raising their targets and others lowering them. Prosperity Bancshares has shown strong revenue growth and net margin, but faces challenges with its return on equity and debt management.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 2:00 pm

GS

Goldman Sachs' CEO has stated that there is still work to be done to improve margins in their asset and wealth management business. This was mentioned during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:56 pm

CMCSA

Universal is planning to open its new 750-acre Epic Universe park by Memorial Day weekend next year, earlier than expected. Tickets may go on sale this month.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:37 pm

COTY

Coty Inc. reported preliminary Q1 results with slower sales growth than expected, leading to a 10.1% drop in share price. The company plans to re-accelerate cost savings and expects moderate sales growth in Q2, with better performance anticipated in the second half of FY24.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 1:36 pm

GS

Goldman Sachs CEO David Solomon highlighted significant pent-up demand from clients and an increase in deal backlog. The firm expects alternatives fundraising to exceed $60 billion in 2024. However, there are ongoing concerns about the regulatory process.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:36 pm

C

Gitigroup anticipates its net interest income (NII) to remain roughly flat in Q4, excluding market factors, but expects some tailwinds for NII in 2025.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:31 pm

PGR

Progressive's Q3 2024 earnings and sales missed analyst estimates, with EPS at $3.58 versus the expected $3.66 and sales at $18.297 billion versus the expected $19.052 billion. Despite the miss, sales increased by 22.85% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:30 pm

C

Citigroup's CFO reports that consumer finances are generally healthy and resilient, but expresses caution about spending. Net credit losses and delinquencies are in line with expectations, though there is some softness in retail spending categories.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:29 pm

CGC

FLGC

Flora Growth Corp. has signed a distribution agreement with Canopy Growth Corp. to distribute Canopy's Storz & Bickel medical vaporizers in Australia. This partnership aims to tap into the growing Australian medical cannabis market, projected to grow significantly in the coming years.

Portfolio Pulse from Nina Zdinjak

October 15, 2024 | 1:28 pm