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WIRE

Encore Wire's stock is trading higher following the announcement of its acquisition by Prysmian for $290 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:19 am

CSCO

Cisco Systems' stock price is on the rise following an upgrade from Neutral to Buy by B of A Securities.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:18 am

BC

Exane BNP Paribas analyst Xian Siew downgraded Brunswick (NYSE:BC) from Outperform to Neutral and reduced the price target from $94 to $82.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:12 am

GNTY

Guaranty Bancshares (NYSE:GNTY) reported Q1 earnings of $0.58 per share, surpassing the $0.51 estimate, and sales of $28.84M, exceeding the $28.24M estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:04 am

PCAR

JP Morgan analyst Tami Zakaria has maintained an Overweight rating on PACCAR (NASDAQ:PCAR) and increased the price target from $135 to $140.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:03 am

GLRY

GPI

IHCPF

PSCD

Group 1 Automotive, Inc. (NYSE:GPI) announced the acquisition of the U.K. automotive retailing business from Inchcape PLC (OTC:IHCPF) for $439 million in an all-cash deal, expected to close in Q3 2024. The purchase includes $279 million of real estate and adds $2.7 billion in annual revenues from Inchcape's U.K. dealerships. The acquisition will expand Group 1's U.K. presence and is financed through debt and cash, maintaining a pro-forma leverage ratio of 2.2x. Investors can also gain exposure through GLRY and PSCD ETFs.

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 10:59 am

MRNS

Trading for MRNS was halted at 6:55:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:55 am

APPS

INTC

PXLW

The article highlights three oversold tech stocks with potential for growth: Pixelworks, Inc. (PXLW), Digital Turbine, Inc. (APPS), and Intel Corporation (INTC). Oversold status is determined by the RSI, a momentum indicator, with a value below 30 indicating potential undervaluation. PXLW and APPS reported disappointing financial results, while INTC expanded its partnership with Infosys Limited (INFY), aiming to boost AI initiatives.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 10:50 am

LMT

JP Morgan analyst Seth Seifman upgraded Lockheed Martin (LMT) from Neutral to Overweight and increased the price target from $475 to $518.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:49 am

SAVE

Spirit Airlines projects its Q1 total revenue to be approximately $1.265 billion, slightly below the estimated $1.27 billion.

Portfolio Pulse from Charles Gross

April 15, 2024 | 10:42 am