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RYTM

Analyst ratings for Rhythm Pharmaceuticals (NASDAQ:RYTM) show a mix of bullish to bearish sentiments, with a recent shift towards a more cautious outlook. The average 12-month price target has been adjusted to $50.5, down from $53.00, indicating a 4.72% decrease. The company's financial performance shows significant revenue growth of 175.7% as of December 31, 2023, but challenges in net margin, ROE, and ROA persist. Rhythm Pharmaceuticals is focused on developing therapies for rare diseases, with setmelanotide (RM 493) as its leading product candidate.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 1:01 pm

AOS

A.O. Smith (NYSE:AOS) has been the subject of recent analyst evaluations, with 4 neutral ratings in the past three months. Analysts have raised their 12-month price targets, indicating an 8.88% increase from the previous average to a new average of $92.00. This adjustment reflects a positive outlook on the company's performance, including a notable revenue growth of 5.56% as of December 31, 2023, a net margin of 13.9%, and an ROE of 7.37%. A.O. Smith's financial health is further highlighted by its low debt-to-equity ratio of 0.08, suggesting a strong financial structure.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 1:00 pm

XOM

Exxon Mobil Corporation (NYSE:XOM) reported Q1 FY24 earnings with revenues of $83.083 billion, surpassing expectations but saw a decrease in adjusted net profit to $8.22 billion from $11.62 billion a year ago, attributed to lower refining margins and natural gas prices. Adjusted EPS was $2.06, missing the consensus of $2.20. The company declared a Q2 dividend of $0.95 per share and announced a final investment decision for the Whiptail development offshore Guyana. XOM shares dropped 1.82% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 26, 2024 | 12:58 pm

BHP

NGLOY

Anglo American (OTCQX:NGLOY) has rejected a $39-billion all-share takeover bid from BHP Group (NYSE:BHP), labeling the offer as 'highly unattractive' and undervalued. The rejection is based on the proposal's failure to adequately value Anglo American's prospects, particularly its significant copper holdings. BHP's bid, which was seen as a 31% premium over Anglo American's market price, also requires Anglo American to complete demergers of its shareholdings in Anglo American Platinum and Kumba Iron Ore. The board of Anglo American unanimously rejected the bid, citing 'substantial uncertainty and execution risk.' The proposed merger could have been the biggest shakeup in the global mining industry in over a decade, but concerns over limited operational synergies and undervaluation have been raised by analysts and shareholders.

Portfolio Pulse from Stjepan Kalinic

April 26, 2024 | 12:56 pm

ISUN

Trading for ISUN was halted and then resumed at 8:55:00 AM ET, with updates on news and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:55 pm

ZVSA

Trading halt status was updated at 8:55:00 AM ET, indicating a resumption of quotations, news, and resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:55 pm

BEEP

NCPL

VIVK

Insiders at Netcapital, Vivakor, and Mobile Infrastructure have recently made significant stock purchases, signaling confidence in their companies' prospects. Netcapital's director bought shares despite a recent quarterly loss. Vivakor's CEO acquired shares following a definitive agreement to acquire Endeavor Entities, indicating growth in the oil and gas sector. Mobile Infrastructure's CEO also purchased shares ahead of its Q1 2024 earnings release, suggesting optimism about the company's future performance.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:54 pm

BYD

Boyd Gaming Corporation (NYSE:BYD) reported Q1 earnings below expectations with adjusted earnings of $1.51 per share against estimates of $1.57. Sales slightly exceeded expectations at $960.521 million. The company faced challenges due to severe winter weather and increased competition in Las Vegas. Despite this, Boyd Gaming maintains strong operating margins and continues shareholder returns. Shares fell 1.1% following the earnings announcement. JP Morgan and Deutsche Bank lowered their price targets and downgraded the stock.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:54 pm

RMD

ResMed (NYSE:RMD) exceeded third-quarter financial expectations with adjusted earnings of $2.13 per share against forecasts of $1.91 and sales of $1.200 billion versus $1.167 billion expected. Gross margin and non-GAAP gross margin also saw significant increases. CEO Mick Farrell highlighted strong demand for ResMed's products and software solutions, contributing to double-digit growth in operating profit and earnings per share. Despite the positive results, ResMed shares slightly fell by 0.2% to close at $183.42. Analysts from Needham and Keybanc raised their price targets for ResMed following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:47 pm

ZONE

CleanCore Solutions, Inc. (NYSE:ZONE) announced its IPO pricing at $4 per share, offering 1.25M shares for total proceeds of $5M. The shares will start trading on NYSE American on April 26, 2024. The net proceeds, expected to be about $3.76M after expenses, will be used for debt repayment, R&D, intellectual property, and general corporate purposes. Boustead Securities, LLC is the sole book-running manager. An additional 187,500 shares may be offered under a 45-day option to the underwriters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:47 pm