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CTAS

Stifel analyst Shlomo H. Rosenbaum has reiterated a Hold rating on Cintas Corporation (CTAS), raising the price target to $526 from $521. CTAS reported Q1 FY24 revenue growth of 8% YoY to $2.34 billion, meeting analyst consensus. The organic revenue growth rate was 8.1% for the quarter. Rosenbaum is bullish on CTAS's growth and margin improvement, but believes the current valuation captures most of the near-term appreciation potential.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 7:51 pm

CRGY

Stephens & Co. analyst Mike Scialla initiated coverage on Crescent Energy Company (NYSE:CRGY) with an Overweight rating and a price target of $17. The analyst believes the company is well-positioned for growth due to its low production base decline rates, strong balance sheet, and underappreciated asset quality. However, a significant decline in oil and natural gas prices could impact the company's near-term cash flow and EBITDA estimates.

Portfolio Pulse from Lekha Gupta

September 27, 2023 | 7:47 pm

GFI

GOLD

HMY

NEM

Shares of precious metals stocks are trading lower due to a drop in gold futures.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 7:46 pm

AAPL

DOGEUSD

SPY

TSLA

The article discusses the performance of Dogecoin (CRYPTO: DOGE) since the start of 2021. It highlights that a $1,000 investment in Dogecoin at the beginning of 2021 would be worth $10,638.52 today, representing a hypothetical return of 963.9%. The article also compares this performance with the returns from investments in SPDR S&P 500 ETF Trust (NYSE:SPY), Apple Inc (NASDAQ:AAPL), and Tesla Inc (NASDAQ:TSLA) over the same period.

Portfolio Pulse from Chris Katje

September 27, 2023 | 7:43 pm

BLNK

UBS analyst Robert Jamieson initiated coverage on Blink Charging Co. (NASDAQ:BLNK) with a Buy rating and a price target of $7. He highlighted the company's unique business model, margin improvement potential, and its position as the third largest public electric vehicle network of chargers in the U.S. He anticipates the company's revenue to be $180 million in 2024 and $250 million in 2025, 8% above the Street's estimate. Shares of BLNK were up 5.63% at $3.10 at the time of publication.

Portfolio Pulse from Ryan Gustafson

September 27, 2023 | 7:42 pm

MAT

Morgan Stanley analyst Megan Alexander initiated coverage on Mattel Inc (NASDAQ:MAT) with an Overweight rating and a price target of $27. Despite challenges in the toy industry and Mattel's own struggles, the analyst sees potential for growth driven by a strong gross margin recovery and higher capital returns. The success of the Barbie movie and related licensing efforts are expected to provide significant tailwinds, with benefits continuing into 2024.

Portfolio Pulse from Shivani Kumaresan

September 27, 2023 | 7:41 pm

ABCM

DHR

TMO

KeyBanc Capital Markets analyst Paul Knight has reiterated the Overweight rating on Danaher Corporation (DHR), but lowered the price target to $300 from $325. The life science tools sector, including DHR, has been underperforming in FY23 due to reduced demand and funding for early-stage biotech customers. However, Knight notes that Danaher has a high-growth and high-margin profile following the Veralto spin. The analyst estimates Danaher will post ~$28.7 billion of revenue in FY23, representing a 9.3% organic decline, or 0.6% growth excluding COVID-19 headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 7:37 pm

CBOE

CBOE Global Markets Inc. has launched the CBOE S&P 500 Dispersion Index (DSPX), designed to capture price differences between options on the S&P 500 and its underlying constituents. The company is also planning to introduce futures products tied to DSPX by the second quarter of next year. Dispersion trading, the strategy that DSPX is based on, has gained popularity due to its resilience in the face of market turbulence.

Portfolio Pulse from Piero Cingari

September 27, 2023 | 7:31 pm

TMUS

T-Mobile US (NASDAQ:TMUS) has outperformed the market over the past 10 years by 8.46% on an annualized basis, producing an average annual return of 18.14%. If an investor had bought $100 of TMUS stock 10 years ago, it would be worth $539.35 today.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:30 pm

MLM

Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 20 years, producing an average annual return of 12.61%. If an investor had bought $1000 of MLM stock 20 years ago, it would be worth $10,817.78 today. The company currently has a market capitalization of $25.43 billion.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:30 pm