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ALNY

CDNS

DIS

DPZ

FFIV

HBAN

HUBS

LULU

PGR

ROP

ZVIA

Several analyst forecasts were released on Tuesday, with price target changes for multiple companies. Notable changes include Needham raising the price target for F5, Inc. (FFIV) from $175 to $180, Barclays raising HubSpot, Inc.'s (HUBS) price target from $425 to $525, and Atlantic Equities cutting The Walt Disney Company's (DIS) price target from $113 to $76. Other companies mentioned include Domino's Pizza, Inc. (DPZ), The Progressive Corporation (PGR), Huntington Bancshares Incorporated (HBAN), Zevia PBC (ZVIA), Roper Technologies, Inc. (ROP), Cadence Design Systems, Inc. (CDNS), Lululemon Athletica Inc. (LULU), and Alnylam Pharmaceuticals, Inc. (ALNY).

Portfolio Pulse from Lisa Levin

July 25, 2023 | 11:51 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) has been in the spotlight due to its organizational and management restructuring aimed at unlocking shareholder value. The company also received relief from a regulatory crackdown with a final penalty for Ant Group. Alibaba has decided not to reduce its Ant Group stake and reported progress in cutting emissions. The company reinstated Jiang Fan as the international business unit leader. Alibaba's shares traded higher by 1.82% at $98.10 premarket on Tuesday.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 11:48 am

FBK

SFBC

VRCA

Insider trading has been observed in three US-listed companies: Verrica Pharmaceuticals Inc. (NASDAQ:VRCA), FB Financial Corporation (NYSE:FBK), and Sound Financial Bancorp, Inc. (NASDAQ:SFBC). Verrica Pharmaceuticals' Director Paul Manning acquired 200,000 shares, costing around $1 million, following the company's announcement of a non-binding term sheet for up to $125 million debt financing. FB Financial's 10% owner James Ayers acquired 12,000 shares after the company reported better-than-expected Q2 EPS results. Sound Financial Bancorp's 10% owner Stilwell Partners L P bought 2,500 shares, following the company's statement that a vendor incident is not expected to have a material adverse effect on its business.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 11:48 am

AUB

Atlantic Union Bankshares has announced an agreement to acquire American National Bankshares Inc. for approximately $416.8M. Trading of Atlantic Union Bankshares' shares has resumed following the announcement.

Portfolio Pulse from Charles Gross

July 25, 2023 | 11:47 am

FFIV

F5, Inc. (NASDAQ:FFIV) reported better-than-expected earnings for its third quarter, leading to a 9.9% jump in pre-market trading. The company's Q3 earnings were $3.21 per share, beating estimates of $2.86 per share. F5's Q3 sales were $702.64 million, versus expectations of $699.39 million. Analysts from Keybanc, Needham, and Barclays have raised their price targets on F5 following the earnings announcement.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 11:47 am

DOV

Dover Corporation reported lower than expected Q2 FY23 earnings results and revised its FY23 guidance downwards. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:47 am

NEP

NextEra Energy Partners (NEP) reported Q2 earnings of $0.53 per share, missing the analyst consensus estimate of $0.68 by 22.06%. This is a 79.69% decrease from the same period last year. The company also reported quarterly sales of $350.00 million, missing the analyst consensus estimate of $407.82 million by 14.18%. This is a 3.31% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:38 am

XRX

Xerox Holdings Corp reported mixed second-quarter results but boosted its FY23 guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:36 am

AUB

Atlantic Union Bankshares (NASDAQ:AUB) reported Q2 earnings of $0.70 per share, beating the analyst consensus estimate of $0.67 by 4.48%. However, this is a 11.39% decrease from the same period last year. The company's quarterly sales of $176.30 million missed the analyst consensus estimate of $177.86 million by 0.88%, marking a 0.43% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:35 am

HUBB

Hubbell Inc has increased its adjusted EPS guidance to $14.75-$15.25, up from the previous range of $13.00-$13.50. This is higher than the estimated $13.83.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:34 am