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NRBO

NeuroBo Pharmaceuticals has dosed the first patient in the MAD Part 2 of its Phase 1 trial for DA-1726, an obesity treatment. Top-line data for Part 1 is expected in Q3 2024, and for Part 2 in Q1 2025. A planned Part 3 will assess weight loss at 24 weeks. The company has secured $70M in financing to fund ongoing clinical development.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:08 pm

GIS

General Mills (NYSE: GIS) reported disappointing Q4 FY24 revenue, leading to a 4.97% drop in its stock price. The company saw a 6.3% decline in sales year-on-year, missing analyst estimates. Despite a slight beat in adjusted EPS, the outlook for FY25 remains tepid with minimal expected growth.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 1:04 pm

NXL

Nexalin Technology announced positive clinical study results for its DIFS® technology combined with escitalopram in treating major depressive disorder. The study showed significant improvement in two-thirds of patients receiving the combination therapy compared to one-third receiving medication alone.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:03 pm

OSCR

Over the past three months, 7 analysts have shared their insights on Oscar Health (NYSE:OSCR), with ratings ranging from bullish to bearish. The average 12-month price target has increased to $24.43, with a high estimate of $28.00 and a low estimate of $21.00. Recent analyst actions include upgrades and downgrades, reflecting changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 1:03 pm

HPQ

HP Inc. has appointed Karen Parkhill as its new Chief Financial Officer. This leadership change is expected to bring new strategic direction to the company's financial operations.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:03 pm

GES

Analysts' ratings for Guess (NYSE:GES) over the last quarter show a mix of bullish and indifferent sentiments. The average 12-month price target is $34.11, slightly down from the previous $34.44. Key analysts have maintained or adjusted their ratings and price targets, reflecting varied expectations for the company's future performance. Guess faces challenges in revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 1:02 pm

TRGP

12 analysts have evaluated Targa Resources (NYSE:TRGP) over the past three months, showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target has increased to $130.92, reflecting a 12.43% rise from the previous average. Analysts have raised their price targets, indicating positive sentiment towards the company's future performance.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 1:01 pm

URAA

Direxion has launched a new ETF, the Direxion Daily Uranium Industry Bull 2X Shares (NYSE:URAA), which offers 200% exposure to the daily performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index. This ETF aims to capitalize on the booming uranium market, characterized by soaring prices and a significant supply-demand gap. The ETF includes over 50 companies involved in uranium mining and nuclear energy production.

Portfolio Pulse from Surbhi Jain

June 26, 2024 | 1:00 pm

ANSS

Ansys' power integrity solutions, RedHawk-SC and Totem, have been certified by Samsung Foundry for use with Samsung's new SF2Z 2nm gate-all-around manufacturing technology. This certification enables early adopters to design advanced semiconductor products for various high-performance applications.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:00 pm

PAYX

Paychex has updated its business outlook for fiscal year 2025, expecting revenue growth of 4.0%-5.5% and adjusted EPS growth of 5%-7%. Management Solutions revenue is expected to grow 3.0%-4.0%, while PEO and Insurance Solutions revenue is anticipated to grow 7.0%-9.0%. The operating margin is projected to be 42%-43%, with other income, net expected to be $35 million-$40 million.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:57 pm