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DNUT

MCD

Krispy Kreme Inc's (DNUT) shares surged after Pipler Sandler analyst Brian Mullan upgraded the stock to Overweight and increased the price target from $14 to $20, citing a national partnership with McDonald's Corp (MCD) as a catalyst for significant expansion in the U.S. The partnership is expected to add thousands of Points of Access for DNUT through McDonald's locations over the next three years, enabling DNUT to boost donut production capacity investments. Despite recent challenges in free cash flow generation, the analyst believes DNUT can reduce its balance sheet leverage by 2026 while financing its expansion.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 6:09 pm

EOG

In the latest quarter, 14 analysts provided mixed ratings for EOG Resources (NYSE:EOG), with a shift towards a more bearish sentiment. The average 12-month price target was adjusted to $146.29, marking a 2.77% decrease. Analyst actions varied, with some lowering and others raising their price targets. EOG Resources, an oil and gas producer, reported a decline in revenue by -7.15% for the quarter ending December 31, 2023, but showcased strong profitability with a net margin of 32.97%. The company's financials indicate challenges in revenue growth and ROE but strong performance in ROA and debt management.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:01 pm

PARA

Deep-pocketed investors have shown a bullish sentiment towards Paramount Global (NASDAQ:PARA), with a significant move in options activity detected by Benzinga. The activity includes 16 extraordinary options trades, with a bullish majority aiming for a price range of $10.0 to $18.0 in the next three months. Paramount Global, a major player in TV media, filmed entertainment, and direct to consumer segments, is currently trading up by 1.54% at $12.56. The company's anticipated earnings release is in 27 days, and its stock may be approaching overbought territory according to RSI readings.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:01 pm

COST

Recent options trading activity for Costco Wholesale (NASDAQ:COST) indicates a mixed sentiment among big-money investors, with a bearish lean. Benzinga's options scanner revealed 21 unusual trades, showing a split sentiment of 42% bullish and 57% bearish. Significant trades include both calls and puts with strike prices ranging from $360 to $1140. Costco's current market status shows a 1.41% increase in stock price to $714.82, with neutral RSI indicators. Analyst ratings over the last 30 days have set an average price target of $788, with varying recommendations from Buy to Accumulate.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:00 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has received mixed analyst ratings over the last quarter, with a shift towards bullish sentiment in the last 30 days. The 12-month price targets show a significant upward trend, with an average target of $1686.0, indicating a 48.71% increase from the previous average. Financial analysis reveals challenges in revenue growth and debt management but strengths in net margin and ROE. The company's market position and future outlook are influenced by these factors and analyst ratings.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:00 pm

PXD

Pioneer Natural Resources (NYSE:PXD) was analyzed by 6 analysts, all maintaining an 'Indifferent' stance over the last quarter, with no change in sentiment in the last 30 days. The 12-month price target for PXD has been raised to an average of $258.33, indicating a 2.79% increase from the previous target. Analysts from firms like Truist Securities, Mizuho, Susquehanna, and Stifel have adjusted their price targets, reflecting their response to market conditions and company performance. Despite facing challenges in revenue growth and below-average net margin and ROE, PXD's prudent debt management and substantial market capitalization are notable.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:00 pm

BTTR

Shares of Better Choice Company (BTTR) were halted due to a circuit breaker triggered by a rapid increase, with the stock now up 68%. This significant surge in stock price indicates a strong market reaction, possibly due to positive news or developments related to the company.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:00 pm

PG

Procter & Gamble (NYSE:PG) has initiated a voluntary recall of approximately 8.2 million units of Tide Pods, Gain Flings, Ace Pods, and Ariel Pods in the U.S. due to a packaging flaw that could lead to potential injury if ingested. The recall affects products manufactured between September 2023 and February 2024. Despite no confirmed injuries, there have been four reports of children accessing the packets. PG is offering refunds and replacement child-resistant bags. PG shares rose 0.58% to $156.35 following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 6:00 pm

AIEQ

WOLF

XSD

Mizuho analyst Vijay Rakesh initiated coverage on Wolfspeed Inc (NYSE:WOLF) with a Neutral rating and a price target of $30, citing competitive pressures and a slowdown in the EV market as potential challenges. Despite Wolfspeed's leading position in the Silicon Carbide (SiC) market, increased competition and capacity expansions could lead to pricing pressures and margin challenges. Wolfspeed's stock has lost over 54% in value in the last 12 months. Investors can also gain exposure to Wolfspeed through SPDR S&P Semiconductor ETF (NYSE:XSD) and Amplify ETF Trust Amplify AI Powered Equity ETF (NYSE:AIEQ).

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 5:53 pm

ANGO

AngioDynamics' stock price increased following an upgrade from Oppenheimer, moving from Perform to Outperform with a new price target of $12.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:53 pm