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BHRB

DA Davidson analyst Manuel Navas initiated coverage on Burke & Herbert Financial Services (NASDAQ:BHRB) with a Buy rating and a price target of $76, citing its underappreciated earnings potential and strong growth forecasts. The analyst highlights robust loan growth and repricing opportunities that could enhance the company's valuation.

Portfolio Pulse from Nabaparna Bhattacharya

October 16, 2024 | 6:32 pm

EYPT

EyePoint Pharmaceuticals shares rose after Scotiabank initiated coverage with a Sector Outperform rating and set an $18 price target.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:32 pm

JNJ

Johnson & Johnson (JNJ) reported a Q3 adjusted EPS of $2.42, beating expectations despite a 9% decline year-over-year. Sales rose 5.2% to $22.47 billion. The company updated its 2024 EPS guidance, factoring in the V-Wave acquisition. BofA Securities maintains a Neutral rating with a $170 price target, noting strong performance in oncology and potential challenges in the MedTech segment due to market pressures and litigation uncertainties.

Portfolio Pulse from Vandana Singh

October 16, 2024 | 6:31 pm

BN

Brookfield (NYSE:BN) has outperformed the market over the past 10 years with an average annual return of 12.75%, surpassing the market by 1.14% annually. A $100 investment in BN stock 10 years ago would now be worth $338.17.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 6:30 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has significantly outperformed the market over the past 5 years, with an average annual return of 32.93%. A $1000 investment in FCNCA 5 years ago would now be worth $4,198.21, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 6:30 pm

ANF

Abercrombie & Fitch (NYSE:ANF) has seen a 9.48% increase in its short percent of float, now at 15.24%. This indicates a bearish sentiment among investors, although it is below the peer group average of 17.21%. Short interest can be a key indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 6:30 pm

SHAK

Shake Shack's short interest has decreased by 5.47%, with 13.83% of its float sold short. This is higher than its peers' average of 10.63%. It would take 5.26 days to cover these positions. A decrease in short interest can indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 6:30 pm

EBC

Eastern Bankshares (NYSE:EBC) has seen a 3.17% decrease in its short interest, now at 1.83% of its float. This is lower than its peers' average of 5.27%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 6:30 pm

VSEC

VSE Corporation's shares are trading higher following the pricing of its $142.5 million public offering of 1,724,137 shares at $87 per share.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:27 pm

SVC

Service Properties Trust shares declined following the announcement of a reduced quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:26 pm