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TRMB

Trimble shares are trading lower following the company's announcement of Q1 and FY24 revenue guidance that fell below market estimates.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:30 pm

AKTS

Akoustis Technologies announced that two of its patented XBAW filters are being integrated into a Wi-Fi 7 router platform for a Tier-1 US-based carrier. This development could signify a significant technological advancement and potential revenue growth for Akoustis.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:23 pm

QQQ

RIVN

SPY

U.S. stock futures showed indecision ahead of key inflation data and earnings reports. Positive tech earnings and crude oil rally lifted markets last week, with major indices reaching new highs. Analysts express optimism but caution over valuations. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Rivian Automotive fell on negative analyst action. Companies like Arista Networks, Avis Budget Group, and others are set to report earnings. Crude oil prices and bond yields remained steady.

Portfolio Pulse from Shanthi Rexaline

February 12, 2024 | 12:19 pm

EVBG

LGIH

MAS

VRNS

VVX

Wall Street's most accurate analysts have made new stock picks, with notable mentions including V2X, Inc. (VVX) with a 72% upside, Everbridge, Inc. (EVBG) seeing a 3% upside following its acquisition by Thoma Bravo, Varonis Systems, Inc. (VRNS) with an 8% downside, LGI Homes, Inc. (LGIH) expected to plunge 20%, and Masco Corporation (MAS) with a 12% upside. These ratings come from analysts with an 88% accuracy rate, except for Keith Hughes from Truist Securities who has an 87% accuracy rate.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 12:15 pm

DUK

B of A Securities analyst Julien Dumoulin-Smith downgraded Duke Energy (DUK) from Buy to Neutral and reduced the price target from $105 to $96, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:15 pm

BIG

Loop Capital analyst Anthony Chukumba downgrades Big Lots (NYSE:BIG) from Hold to Sell and lowers the price target from $6 to $1, indicating a negative outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:09 pm

WTW

Citigroup analyst Michael Ward upgraded Willis Towers Watson (NASDAQ:WTW) from Neutral to Buy and increased the price target from $236 to $315, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:03 pm

LRMR

Larimar Therapeutics, Inc. (LRMR) announced positive top-line data from its Phase 2 study of nomlabofusp in Friedreich's ataxia patients. The study showed nomlabofusp was well tolerated and increased frataxin levels in a dose-dependent manner in the 25 mg and 50 mg cohorts. This marks a successful completion of the study, potentially advancing Larimar's position in developing treatments for complex rare diseases.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:03 pm

ROAD

Four analysts have recently updated their ratings and price targets for Construction Partners (NASDAQ:ROAD), showing a mix of bullish and bearish perspectives. The average 12-month price target is now $48.75, marking an 8.33% increase from the previous $45.00. The company's financial performance is strong, with significant revenue growth, high net margin, and excellent ROE and ROA, outperforming industry averages. Analysts' upgrades reflect positive views on the company's market position and financial health.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 12:00 pm

URBN

Urban Outfitters (NASDAQ:URBN) received mixed analyst ratings in the last quarter, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for URBN is now $40.75, marking a 16.43% increase from the previous target. Analysts from UBS, Telsey Advisory Group, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Urban Outfitters has shown solid financial performance with a revenue growth rate of 9.0%, a net margin of 6.48%, and an ROE of 4.14%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 12:00 pm