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IONS

Ionis Pharmaceuticals announced positive topline results for the Phase 3 Balance study of olezarsen in people with familial chylomicronemia syndrome. The trial met its primary efficacy endpoint with a significant reduction in triglyceride levels and a 100% reduction in acute pancreatitis events compared to placebo.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 11:02 am

ADC

DLTR

SWX

Insiders at Southwest Gas Holdings, Inc. (SWX), Dollar Tree, Inc. (DLTR), and Agree Realty Corporation (ADC) have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects. Southwest Gas posted better-than-expected Q2 earnings, Dollar Tree reported better-than-expected earnings and sales for Q2, and Agree Realty promoted Nicole Witteveen to COO.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 10:58 am

CSL

Jefferies analyst Saree Boroditsky has downgraded Carlisle Companies (NYSE:CSL) from Buy to Hold and lowered the price target from $325 to $290.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 10:37 am

FSR

Fisker Inc. (NYSE:FSR) announced that it has built 5,000 Fisker Ocean SUVs and plans to increase deliveries to 300 vehicles per day later this year. The company has delivered over 900 vehicles in its European and US launch markets, with several hundred more expected this week. The Fisker Ocean Extreme, priced at $68,999, has the longest range of any new electric SUV in its class.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 10:34 am

THO

Thor Industries Inc (NYSE:THO) reported a Q4 FY23 sales decline of 28.4% YoY to $2.74 billion, beating the analyst consensus of $2.42 billion. The decrease in sales is due to lower dealer and consumer demand. EPS of $1.68 beat the analyst consensus of $0.96. The company sees FY24 sales of $10.5 billion - $11 billion and EPS of $6.25 - $7.25. THO shares closed higher by 2.03% at $94.82 on Monday.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 10:27 am

COTY

Coty Inc plans to initiate a global offering of 33 million of its Class A common stock. The company aims to cater to the U.S. public and investors in select overseas territories. Coty is also targeting the European Economic Area's qualified investors and plans to get its Class A common stock listed on Euronext Paris' professional segment. The raised capital will be used primarily to decrease its outstanding debt and for corporate ventures.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 10:06 am

AONC

BEKE

CDT

COTY

NYAX

RDZN

THO

Several US stocks traded lower in Tuesday's pre-market session. Murphy Canyon Acquisition Corp. (CDT) shares dipped 18.1%, American Oncology Network (AONC) declined 8.5%, Roadzen (RDZN) fell 7.8%, KE Holdings (BEKE) fell 5.5%, Nayax (NYAX) dropped 4.7%, Coty (COTY) fell 4.1%, JD.com (JD) fell 3%, and THOR Industries (THO) fell 2.3%. Coty recently launched a global offering of 33 million shares of Class A Common stock and listed on the Euronext Paris. Nayax disclosed a partnership with ai Corporation for its fleet card issuing and fuel payments platform aiEazyFuel.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 10:01 am

BABA

Alibaba's board has announced plans to spin-off Cainiao with a separate listing on the Hong Kong Stock Exchange. Alibaba will retain more than 50% of the shareholdings in Cainiao, keeping it as a subsidiary. The spin-off is subject to approval from the Listing Committee of the Hong Kong Stock Exchange, the China Securities Regulatory Commission, and the board of directors and shareholders of Cainiao.

Portfolio Pulse from Charles Gross

September 26, 2023 | 9:20 am

WPC

BMO Capital analyst Frank Lee has downgraded W.P. Carey (NYSE:WPC) from Outperform to Market Perform and lowered the price target from $75 to $60.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:16 am

FREQ

Baird analyst Jack Allen has downgraded Frequency Therapeutics (NASDAQ:FREQ) from Outperform to Neutral and lowered the price target from $4 to $0.5.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:49 am