Streetbeat News

Stock Prices

ECVT

Ecovyst (NYSE:ECVT) reported Q4 adjusted EPS of $0.22, missing the consensus estimate of $0.23 by 4.35%, and a 12% decrease from last year's $0.25. Sales were $172.80M, beating estimates by 1.96% but down 5.47% from last year's $182.80M.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:04 am

IART

Integra Lifesciences (NASDAQ:IART) reported Q4 adjusted EPS of $0.89, missing the $0.90 estimate, and sales of $397.04M, missing the $399.34M estimate. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:03 am

ENFN

Goldman Sachs analyst Gabriela Borges downgraded Enfusion (NYSE:ENFN) from Neutral to Sell and reduced the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:03 am

IBP

JP Morgan analyst Michael Rehaut downgraded Installed Building Products (IBP) from Overweight to Neutral but raised the price target from $199 to $242.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:01 am

APO

JP Morgan analyst Richard Shane upgrades Apollo Global Management (NYSE:APO) from Neutral to Overweight and sets a $122 price target.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:52 am

ECL

Barclays analyst Manav Patnaik upgraded Ecolab (NYSE:ECL) from Equal-Weight to Overweight and increased the price target from $225 to $260.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:51 am

AEP

PNM

PNM Resources, Inc. (PNM) and American Electric Power Company, Inc. (AEP) completed the sale of their joint venture, New Mexico Renewable Development (NMRD), to Exus North America Holdings for $234 million. PNM's share of the proceeds is $117 million, aimed at funding regulated capital investments, while AEP nets approximately $104 million. The sale follows a challenging period for PNM, which reported a significant charge of $242.0 million in regulatory disallowances and restructuring costs. Despite a recent 2.65% increase in PNM's share price, it has experienced a 9% decline since the deal's announcement and a 22% loss over the past year.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 10:38 am

SHIBUSD

Shiba Inu (SHIB) experienced a significant increase in its token burn rate, surging by 1900% and removing over 102 million SHIB tokens from supply in the last 24 hours. A large transaction accounted for the destruction of over 93 million SHIB tokens. This event coincides with a 30% increase in Shiba Inu's Open Interest and a bullish sentiment among traders, particularly on the OKX platform, where the long versus short ratio stands at 2.34. The SHIB community anticipates the launch of the K9 Finance Liquid Staking Derivatives platform and an auto-burning feature to further reduce SHIB's token supply. Additionally, Shibarium developers introduced a dual-component burning mechanism using BONE token fees for manual burns. SHIB's price rose by 5.22% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 10:27 am

VIPS

Vipshop Holdings (NYSE:VIPS) reported Q4 earnings with an EPS of $0.82, beating estimates by 15.0% against an expected $0.71. Revenue increased by $280 million from the same period last year. The company has a history of beating EPS estimates, leading to a share price increase the following day, as seen in the previous quarter with a 7% rise.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 10:10 am

ACMR

ACM Research shares are trading higher following the announcement of better-than-expected fourth-quarter FY23 results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:08 am