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GSK

GSK shares are trading higher following the announcement of positive results from its DREAMM-9 phase III trial of Blenrep in combination with pomalidomide plus dexamethasone for treating relapsed or refractory multiple myeloma.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:06 pm

NSC

Ancora Holdings Group, LLC, a significant shareholder in Norfolk Southern Corporation (NYSE:NSC), has proposed a new leadership team and directors who aim to enhance the company's safety policies. The proposed changes include a requirement for a two-person crew on every mainline train, which Ancora believes will significantly improve operational safety. The announcement comes with a white paper detailing the analysis and recommendations for improving Norfolk Southern's safety culture.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:05 pm

ETWO

E2open Parent Holdings, Inc (NYSE:ETWO) shares surged after announcing a strategic review to enhance shareholder value and strengthen its position in the supply chain management software market. The company, under new senior leadership, is confident in its growth plan and potential as a stand-alone entity. E2open reaffirmed its FY2024 revenue guidance, expecting $628 million to $633 million in revenue and adjusted EBITDA of $215 million to $220 million. Shares rose 9.14% to $4.42.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 5:04 pm

SPY

Fed's Mester commented that the January inflation reports served as a 'wake up call', indicating a potential shift in the Federal Reserve's approach to handling inflation. This statement could influence market expectations regarding interest rates and monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:02 pm

PR

Piper Sandler has maintained its Overweight rating on Permian Resources (NYSE:PR) and increased its price target from $17.00 to $22.00. Shares of Permian Resources have risen 1.09% in the last 24 hours to $15.80. The new price target suggests a potential upside of 39.24%. Permian Resources is an oil and natural gas company with operations primarily in the Permian Basin.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm

VIAV

Susquehanna has reaffirmed its Positive rating on Viavi Solutions (NASDAQ:VIAV) and increased its price target from $12.00 to $14.00. Despite a slight 0.15% decrease in share price over the last 24 hours to $10.97, the new target suggests a potential 27.58% upside. Viavi Solutions is a global provider of network test, monitoring, and assurance solutions with a significant revenue stream from the United States.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm

CRWD

Citigroup has reaffirmed its Buy rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased its price target from $320.00 to $425.00. CrowdStrike's shares have seen a slight increase of 0.13% in the last 24 hours, trading at $330.00. The new price target suggests a potential upside of 28.79%. CrowdStrike, a cloud-based cybersecurity firm, offers the Falcon platform for enterprise security. The company, founded in 2011 and public since 2019, focuses on endpoint, cloud workload, identity, and security operations.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm

TFC

Truist Financial Corp's (NYSE:TFC) short interest has decreased by 17.16% since the last report, with 14.70 million shares sold short, representing 1.11% of its float. The current short interest suggests a bullish sentiment among investors, as it takes approximately 1.38 days to cover short positions. Truist's short interest is below its peer group average of 3.77%, indicating less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm

IIPR

Craig-Hallum has maintained its Hold rating for Innovative Industrial Properties (IIPR) and increased its price target from $80.00 to $100.00. IIPR's shares are currently trading at $96.50, down 0.22% over the last 24 hours. The new price target suggests a potential upside of 3.63%. Innovative Industrial Properties is a REIT focused on properties leased to operators in the regulated medical-use cannabis industry.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm

GENK

GEN Restaurant Gr (NASDAQ:GENK) received mixed analyst ratings over the past three months, with a shift towards more bullish perspectives in the last 30 days. The average 12-month price target was adjusted to $12.2, down from $14.80, reflecting a 17.57% decline. Analysts from Craig-Hallum, Benchmark, and Roth MKM adjusted their price targets and maintained a 'Buy' rating, indicating a positive outlook despite the adjustments. GEN Restaurant Gr, known for its Korean BBQ and dining experience, has shown notable financial performance with a revenue growth rate of 7.41%, a net margin of 0.74%, and an ROE of 6.78%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm