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MTAL

Metals Acquisition Corp (MTAL) is moving forward with its plans for a dual listing on the Australian Securities Exchange (ASX) by lodging a prospectus. This step is part of the process to allow shares of MTAL to be traded on the ASX in addition to their current listing on the US stock exchange.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:43 am

EWTX

TTSH

WOLF

Insiders at Tile Shop Holdings, Edgewise Therapeutics, and Wolfspeed have made notable stock purchases. Pleasant Lake Partners LLC bought 14,600 shares of Tile Shop at $6.73 each, while Edgewise's Peter A Thompson acquired 454,545 shares at $11.00 each following a $240 million offering. Wolfspeed's Thomas H Werner purchased 683 shares at $32.05 each amid an extended wafer supply agreement with Infineon.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 11:34 am

AMZN

CRM

GOOG

SAP

Salesforce Inc (CRM) is laying off nearly 700 employees, about 1% of its workforce, as part of cost-cutting measures urged by investors like Elliott Management. Despite this, Salesforce has 1,000 open roles, indicating a strategic realignment rather than a downsizing. The company's stock has risen nearly 80% over the past year. Other tech companies, including Alphabet Inc (GOOG, GOOGL) and SAP SE (SAP), are also restructuring to focus on AI, with Alphabet planning more layoffs. Amazon (AMZN) has made cuts in some divisions while investing in cloud infrastructure for AI in Japan.

Portfolio Pulse from Anusuya Lahiri

January 26, 2024 | 11:34 am

AAL

TD Cowen analyst Helane Becker has upgraded American Airlines Group (AAL) from Market Perform to Outperform and increased the price target from $14 to $21, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:27 am

EVER

Needham analyst Mayank Tandon has reaffirmed a Buy rating on EverQuote (NASDAQ:EVER) and increased the price target from $10 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:26 am

MPB

Mid Penn Bancorp (NASDAQ:MPB) reported Q4 adjusted EPS of $0.73, surpassing the $0.59 estimate, but experienced a 26.26% decrease from the previous year's $0.99. Sales reached $42.12M, falling short of the $42.51M estimate and marking a 7.01% decline from the prior year's $45.29M.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:17 am

ALV

Autoliv forecasts a 5% organic sales growth for FY24 with an estimated operating cash flow of $1.2B. The company anticipates a Q1 adjusted operating margin of about 7%, aiming for a full year 2024 adjusted operating margin of approximately 10.5%.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:10 am

EXPI

DA Davidson analyst Tom White downgraded eXp World Holdings (EXPI) from Buy to Neutral and reduced the price target from $20 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:08 am

KRTX

Mizuho analyst Vamil Divan has downgraded Karuna Therapeutics (NASDAQ:KRTX) from Buy to Neutral, while also raising the price target for the company's stock from $245 to $330.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 10:59 am

COIN

Oppenheimer analyst Owen Lau has upgraded Coinbase Global, Inc. (NASDAQ:COIN) from Perform to Outperform while maintaining the price target at $160. This upgrade reflects a positive view on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 10:57 am