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BWA

BorgWarner's stock is trading lower following the announcement of disappointing Q4 financial results and the issuance of FY24 adjusted EPS and net sales guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:04 pm

HOG

Harley-Davidson Inc (NYSE:HOG) reported mixed Q4 fiscal 2023 results with HDMC + LiveWire sales of $807 million, missing the consensus of $880.22 million. Revenue was down 8% YoY to $1.05 billion, with a notable decline in HDMC revenue by 14% due to lower volumes, partially offset by a 15% revenue growth at HDFS. EPS was $0.18, beating the consensus of $0.04. The company experienced a contraction in gross profit margin and an expanded operating loss in HDMC. However, cash from operating activities increased to $754.89 million. CEO Zeitz remains optimistic, highlighting the launch of a new model year as a foundation for growth in 2024. The company expects flat to down 9% HDMC revenue growth and an operating loss for LiveWire electric motorcycle unit.

Portfolio Pulse from Akanksha Bakshi

February 08, 2024 | 5:01 pm

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) shares are rising as Bitcoin exceeds $45,000. CleanSpark announced the acquisition of three bitcoin mining facilities in Mississippi for $19.8 million, expecting to close the deal within 21 days. The facilities' hashrate is anticipated to reach 2.4 EH/s post-closure. CleanSpark mined 577 bitcoins in January. The stock has gained over 20% in the past five days, with investors looking forward to the Q1 financial results. Analysts predict a loss of 24 cents per share and $70.411 million in revenue. CleanSpark has an average 1-year price target of $11.20, indicating a 10.67% upside.

Portfolio Pulse from Erica Kollmann

February 08, 2024 | 5:01 pm

VS

HC Wainwright & Co. has maintained a Neutral rating on Versus Systems (NASDAQ:VS) but raised its price target from $0.50 to $2.00. Despite this, shares of Versus Systems have fallen by 5.21% in the last 24 hours to $2.00. Versus Systems is a Canada-based technology company focused on developing a software platform for video game publishers and developers to offer prize-based matches.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

APD

UBS downgraded Air Products & Chemicals (APD) to Neutral from a previous higher rating, with a new price target of $241.00, down from $328.00. APD's shares are currently trading at $214.49, indicating a potential 12.36% increase to reach the new target. Air Products, a leading industrial gas supplier, reported $12.6 billion in revenue for fiscal 2023.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

PCAR

Over the past 5 years, PACCAR (NASDAQ:PCAR) has outperformed the market with an annualized return of 18.8%, turning a $100 investment into $241.66. The company's market capitalization stands at $55.02 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

LOW

Over the past 5 years, Lowe's Companies (NYSE:LOW) has outperformed the market with an annualized return of 17.25%, turning a $100 investment into $227.50 today. The company's market capitalization stands at $126.76 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

CSGS

Wells Fargo has maintained its Equal-Weight rating for CSG Systems Intl (NASDAQ:CSGS) but lowered its price target from $53.00 to $50.00. CSGS shares have risen 2.24% in the last 24 hours to $47.40. A price target of $50.00 represents a 5.49% increase from the current price. CSG Systems International Inc is a SaaS platform company that offers solutions and services across various industry verticals, primarily generating revenue from the Americas.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

BERY

Mizuho has maintained its Neutral rating for Berry Global Group Inc (NYSE:BERY) but lowered its price target from $74.00 to $65.00. Berry Global's shares are currently trading down 0.4% at $56.48. The new price target suggests a potential 15.08% increase from the current share price. Berry Global is a leading supplier of plastic packaging products, with the majority of its revenue coming from its consumer packaging international segment.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

ZI

Citigroup downgraded ZoomInfo Technologies (NASDAQ:ZI) from its previous rating to Sell, adjusting the price target from $20.00 to $13.00. Following this downgrade, ZoomInfo's shares dropped 3.53% to $14.77. A further decline to the new target would represent an 11.98% decrease. ZoomInfo provides a cloud-based intelligence platform mainly for sales and marketing teams, with most revenue coming from the U.S.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm