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BYND

COST

Beyond Meat Inc (NASDAQ:BYND) shares are rising after launching a new Beyond Burger exclusively at Costco Wholesale Corp (NASDAQ: COST) stores nationwide. The burger features non-GMO plant-based ingredients with 19 grams of protein and 35% less saturated fat than a typical beef burger. Beyond Meat's stock has surged over 58% in the last month, with trading volume exceeding the 100-day average. Analysts' sentiment on BYND is mixed, with an average price target of $27.91. BYND shares were up 2.67% at $10.21 at the time of publication.

Portfolio Pulse from Adam Eckert

December 12, 2023 | 4:11 pm

CHH

WH

Choice Hotels International Inc (CHH) has initiated an exchange offer to acquire Wyndham Hotels & Resorts, Inc (WH), taking the proposal directly to Wyndham's shareholders after Wyndham's board rejected a previous offer. Choice holds about 1.5 million shares of Wyndham, valued over $110 million, and proposes $49.50 in cash and 0.324 shares of Choice stock per Wyndham share. The offer expires on March 8, 2024. Wyndham, owning less than 1.7% of its stock, advises shareholders to wait for its recommendation.

Portfolio Pulse from Shivani Kumaresan

December 12, 2023 | 4:10 pm

SBOW

SilverBow Resources' stock is trading lower following the announcement of an upsized equity offering of 2.2 million shares. This move typically dilutes existing shareholders and can put downward pressure on the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:09 pm

BA

Boeing reported 114 gross orders in November 2023, with 56 deliveries including 46 737s and 10 widebodies. Year-to-date gross orders reached 1,085, and the official backlog increased from 5,239 to 5,324 month-over-month as of November 30. After accounting for cancellations and conversions, net orders stood at 945.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:08 pm

EGLE

SBLK

Eagle Bulk Shipping Inc. (NYSE:EGLE) is trading higher after announcing an all-stock merger with Star Bulk Carriers Corp. (NASDAQ:SBLK). Eagle shareholders will receive 2.6211 shares of Star Bulk for each Eagle share, equating to roughly $52.60 per share. Analysts have adjusted their ratings and price targets for Eagle following the news, with Noble Capital Markets downgrading to Market Perform with a $52 target, and B. Riley Securities downgrading to Neutral with a $52.20 target. Eagle's stock price has risen over 9% to $50.48.

Portfolio Pulse from Erica Kollmann

December 12, 2023 | 4:08 pm

M

Macy's stock (M) has declined following a downgrade from Neutral to Sell by Citigroup, indicating a negative outlook on the company's shares.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:07 pm

EGLE

Eagle Bulk Shipping (EGLE) and Star Bulk have agreed to an all-stock merger, causing EGLE shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:04 pm

AZN

AstraZeneca (NASDAQ:AZN) is evaluated against its pharmaceutical industry competitors, showing potential for growth with a lower P/E, P/B, and P/S ratios than the industry average. However, its ROE, EBITDA, gross profit, and revenue growth are below the industry average, indicating potential inefficiencies and a slowdown in sales expansion. AstraZeneca's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position and favorable balance between debt and equity.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:00 pm

NTRA

Over the past 3 months, 7 Wall Street analysts have provided ratings for Natera (NASDAQ:NTRA), with 3 bullish, 3 somewhat bullish, and 1 indifferent. The average price target is $66.14, representing an upside from the current price of $56.885. This is a 10.14% decrease from the previous average price target of $73.60. Analysts rate stocks to predict performance and provide guidance to investors.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:00 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) is evaluated against its peers in the Semiconductors & Semiconductor Equipment industry. With a P/E ratio lower than the industry average, Broadcom shows growth potential. However, its high P/B and P/S ratios may suggest overvaluation. The company's ROE is above the industry average, indicating efficient profit generation from equity. Conversely, Broadcom's EBITDA and gross profit are below the industry average, and its revenue growth is lower than the industry's, pointing to potential financial weaknesses. Broadcom's higher debt-to-equity ratio compared to its top 4 peers implies greater financial risk.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:00 pm