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SNX

TD Synnex Corp reported a Q3 FY23 revenue decline of 9.1% Y/Y to $13.96 billion, missing the consensus of $14.11 billion. The company returned $103 million of share repurchases and $33 million of dividends to shareholders in Q3. The company expects Q4 revenue of $14.0 billion-$15.0 billion, adjusted EPS of $2.40-$2.90. SNX shares are trading lower by 5.02% at $96.79.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 2:28 pm

KSS

B of A Securities analyst Lorraine Hutchinson has maintained an 'Underperform' rating on Kohl's (NYSE:KSS) and lowered the price target from $25 to $22.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:27 pm

ACST

Acasti Pharma has announced $7.5 million in private placement equity financing, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:27 pm

VERA

HC Wainwright & Co has maintained a Buy rating on Vera Therapeutics and raised its price target from $10 to $25, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:25 pm

NEWP

New Pacific Metals announced C$35 million in bought deal financing, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:23 pm

WING

Shares of Wingstop Inc (NASDAQ:WING) have been on an uptrend since September. Stifel analyst Chris O'Cull upgraded the rating for Wingstop from Hold to Buy, raising the price target from $180 to $200. The company's focus on menu and promotional innovation, partnership with Uber Eats, and the launch of the chicken sandwich are expected to boost sales and improve unit economics.

Portfolio Pulse from Priya Nigam

September 26, 2023 | 2:21 pm

NEWP

New Pacific Metals Corp. (NYSE:NEWP) has announced a bought deal financing agreement with a syndicate of underwriters for approximately CAD$35 million. The underwriters will purchase 13,208,000 common shares at a price of CAD$2.65 per share. The company will also grant an over-allotment option to purchase up to 1,981,200 additional shares. Silvercorp Metals Inc. and Pan American Silver Corp. have indicated their intent to participate in the offering.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:20 pm

OXY

A significant amount of unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a split sentiment of 50% bullish and 50% bearish. The options trades have targeted a price range from $42.5 to $75.0 for Occidental Petroleum over the last 3 months. Roth MKM has downgraded its action to Neutral with a price target of $60, while Mizuho maintains a Buy rating with a price target of $76.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:16 pm

ORCL

A significant bullish stance has been taken on Oracle (NYSE:ORCL) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 72% bullish and 27% bearish. Whales have been targeting a price range from $100.0 to $125.0 for Oracle over the last 3 months. Oracle's current price is $106.05, down by 2.08%. Analysts have mixed ratings on Oracle with price targets ranging from $100 to $150.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:16 pm

CTAS

Cintas Corporation reported Q1 FY24 revenue growth of 8% YoY to $2.34 billion, in line with analyst consensus. The company's EPS of $3.70 beat the consensus estimate of $3.67. Cintas raised its FY24 revenue and EPS outlook. Despite the positive report, CTAS shares are trading lower by 3.61%.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 2:11 pm