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GLPI

RBC Capital has maintained its Outperform rating for Gaming and Leisure Props (NASDAQ:GLPI) but lowered its price target from $50.00 to $49.00. GLPI's shares have risen 1.27% in the last 24 hours to $46.10. A move to $49.00 represents a 6.29% increase from the current price. GLPI is a REIT primarily leasing to subsidiaries of Penn National Gaming in the U.S., with most revenue from rental income.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:00 pm

ENLC

JP Morgan has maintained its Neutral rating for EnLink Midstream (NYSE:ENLC) but lowered its price target from $15.00 to $14.00. The current trading price of ENLC shares is $12.01, indicating a potential 16.57% increase to reach the new target. EnLink Midstream, an integrated midstream company, primarily generates revenue from its Louisiana segment, involving natural gas pipelines and processing plants.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:00 pm

DNLI

Goldman Sachs has reaffirmed its Buy rating on Denali Therapeutics (NASDAQ:DNLI) but reduced its price target from $73.00 to $50.00. Despite this adjustment, DNLI's shares have risen by 2.62% in the last 24 hours to $20.74. A move to the new target price would represent a 141.08% increase from the current level. Denali Therapeutics is focused on developing treatments for neurodegenerative diseases, with several key products in its pipeline.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:00 pm

CELH

Celsius Holdings, Inc. (NASDAQ:CELH) shares surged after reporting Q4 earnings of $0.17 per share, surpassing the consensus of $0.15, and revenues of $347.43 million, beating estimates of $331.49 million. Revenues increased 95% YoY, with North American revenue up 97% and international revenue up 68%. Adjusted EBITDA rose 387% to $65.2 million, and gross profit increased 110% YoY to $166 million. Gross margin expanded to 47.8%, with a 340 basis point improvement attributed to efficiencies. Celsius ended the year with $756 million in cash.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 4:59 pm

TTSH

Tile Shop Holdings Inc (NASDAQ:TTSH) reported a Q4 fiscal 2023 sales decline of 3.4% YoY to $84.46 million, missing expectations. Comparable store sales fell 3.2%, with a slight offset from higher average ticket values. Gross margin increased slightly to 64.7%, but operating margin dropped to 1.7%. Adjusted EBITDA decreased by 25.9% to $6.62 million. EPS was $0.01, aligning with consensus. The company repaid $45.4 million in borrowings and ended the year with $8.6 million in cash. Operating activities generated $62.06 million in net cash, significantly up from the previous year. Shares dropped 0.50% to $6.91.

Portfolio Pulse from Akanksha Bakshi

February 29, 2024 | 4:58 pm

BTSG

BrightSpring Health Services shares are trading lower following the release of their Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:58 pm

THC

Tenet Healthcare's stock price increased following the announcement of a deal to sell two of its hospitals. This move is part of the company's strategy to optimize its portfolio and focus on its most profitable units.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:57 pm

BCO

SAEF

Brink's Company (NYSE:BCO) reported Q4 fiscal 2023 earnings with a 5% year-on-year sales growth to $1.246 billion, slightly missing analyst estimates. Adjusted EPS of $2.76 exceeded expectations. Revenue varied across regions, with North America seeing a decrease, while Latin America and Europe experienced growth. Adjusted operating profit and EBITDA saw year-on-year increases. The company has set optimistic targets for FY24, expecting mid-single digit revenue growth and adjusted EPS of $7.30 - $8.00. The Schwab Ariel ESG ETF (NYSE:SAEF), with 3% exposure to Brink's, gained about 5% last month. BCO shares were up 2.5% following the announcement.

Portfolio Pulse from Anusuya Lahiri

February 29, 2024 | 4:56 pm

MLCO

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) shares fell after reporting Q4 FY23 results with sales growth of 224% Y/Y to $1.09 billion, missing analyst estimates of $1.128 billion. The growth was attributed to improved performance in gaming and non-gaming operations after COVID-19 restrictions were relaxed in Macau and the opening of Studio City Phase 2. Revenue from City of Dreams and Studio City showed significant increases, while adjusted Property EBITDA turned positive. The company's adjusted loss per ADS of $0.127 beat analyst estimates.

Portfolio Pulse from Lekha Gupta

February 29, 2024 | 4:48 pm

MSFT

Microsoft Corp has partnered with French AI startup Mistral AI, investing in a minor stake valued at $2.17 billion to diversify its AI portfolio. This move, aimed at enhancing Microsoft's Azure AI platform with Mistral's AI capabilities, comes after Microsoft's substantial investment in OpenAI. Despite the potential of this partnership, Microsoft's stock experienced a slight decrease, dropping by almost 4% and closing at $407.54, down by 0.57% after the announcement.

Portfolio Pulse from Zaheer Anwari

February 29, 2024 | 4:47 pm