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CANO

Cano Health reported worse-than-expected Q2 financial results, withdrew its guidance, and announced it is pursuing a sale process. The company also expressed doubt over its ability to continue as a going concern, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:20 pm

DPZ

MAT

MGM

USB

Insiders at Domino's Pizza, MGM Resorts International, Mattel, and U.S. Bancorp have recently sold significant amounts of shares. While insider selling can sometimes indicate concern about a company's prospects, it can also be part of a preplanned sale. Domino's Pizza, MGM Resorts, and Mattel have all reported positive recent developments, while U.S. Bancorp has announced a debt/equity conversion with Mitsubishi UFJ Financial.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 12:17 pm

FWRD

Shares of Forward Air (FWRD) are trading lower following multiple analyst downgrades. This comes after the company announced a merger with Omni Logistics.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:14 pm

YETI

YETI Holdings reported better-than-expected Q2 2023 earnings and raised its FY23 guidance. Despite a 4% Y/Y sales drop to $402.56 million, adjusted EPS of 0.57 beat the street estimate of $0.47. The company raised its FY23 adjusted EPS outlook to $2.23-$2.32 and sales growth outlook to 4%-5%. Following the announcement, YETI shares jumped 17.3% and analysts from Canaccord Genuity and Baird increased their price targets on YETI.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 12:13 pm

UBS

UBS has announced that it no longer requires the Swiss government's loss protection and liquidity backstop agreements, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:10 pm

BCEL

HC Wainwright & Co. analyst Joseph Pantginis has downgraded Atreca from Buy to Neutral.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 12:06 pm

AMZN

BABA

CACI

CPRI

CYBR

FWRD

MCK

PSTG

TAST

TGT

USFD

Several analysts have updated their price targets for various US-listed companies. Notably, Needham raised the price target for CyberArk Software Ltd. (CYBR) from $185 to $190, Stephens & Co. increased Carrols Restaurant Group, Inc.'s (TAST) price target from $6 to $10, and Raymond James boosted the price target for CACI International Inc (CACI) from $340 to $370. Other companies with updated price targets include McKesson Corporation (MCK), Pure Storage, Inc. (PSTG), Forward Air Corporation (FWRD), Target Corporation (TGT), Capri Holdings Limited (CPRI), US Foods Holding Corp. (USFD), Amazon.com, Inc. (AMZN), and Alibaba Group Holding Limited (BABA).

Portfolio Pulse from Lisa Levin

August 11, 2023 | 12:02 pm

NISN

NiSun International has regained compliance with NASDAQ's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:02 pm

TUSK

Mammoth Energy Services (NASDAQ:TUSK) reported Q2 losses of $(0.09) per share, missing the analyst consensus estimate of $0.10 by 190 percent. This is a 325 percent decrease over earnings of $0.04 per share from the same period last year. The company also reported quarterly sales of $75.43 million, missing the analyst consensus estimate of $86.07 million by 12.36 percent, a 15.89 percent decrease over sales of $89.68 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:01 pm

MRNS

Over the past 3 months, 5 analysts have published their opinion on Marinus Pharma (NASDAQ:MRNS) stock. The company has an average price target of $21.4, a decrease of 17.69% from the previous average price target of $26.00.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 12:01 pm