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PHUN

Phunware has announced a registered direct offering of approximately 56 million shares at a price of $0.10 per share, aiming to raise $5.6 million in capital.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:04 pm

KAMN

Kaman Corporation (KAMN) has agreed to be acquired by Arcline Investment Management in an all-cash deal valued at $1.8 billion. Kaman shareholders are set to receive $46.00 per share, which is a 105% premium over the closing price on January 18, 2024, and a 110% premium over the 90-day VWAP ending on that date. The Kaman Board of Directors has unanimously approved the transaction, expected to close in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:03 pm

FVRR

Fiverr Intl (NYSE:FVRR) has received mixed analyst ratings in the past three months, with a recent shift towards a more bearish sentiment. The average 12-month price target has been lowered to $39.0, a decrease from the previous $45.50. Analysts from firms like Goldman Sachs and JMP Securities have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Fiverr's financials show solid revenue growth but below-average profitability and efficiency metrics. The company's market capitalization is below the industry average, and it maintains a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 1:01 pm

FRT

Barclays analyst Anthony Powell has maintained an Overweight rating on Federal Realty Investment (NYSE:FRT) and increased the price target from $119 to $120.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:01 pm

CELH

B of A Securities analyst Jonathan Keypour has downgraded Celsius Holdings (NASDAQ:CELH) from Buy to Neutral and set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:58 pm

BYDDF

BYDDY

Chinese EV maker BYD Co Ltd, backed by Warren Buffett, in partnership with tech company DJI, showcased the world's first vehicle-mounted drone at its Shenzhen headquarters. The drone, mounted on a Yangwang U8, features automatic battery swapping, charging management, and can capture high-definition aerial footage. BYD also announced a 5 billion yuan investment in all-terrain professional test drive sites across China. BYD surpassed Tesla as the world's largest BEV seller in Q4 2023.

Portfolio Pulse from Anan Ashraf

January 19, 2024 | 12:56 pm

CMI

B of A Securities analyst Ross Gilardi has downgraded Cummins (NYSE:CMI) from Neutral to Underperform and reduced the price target from $243 to $225.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:54 pm

LCII

Truist Securities analyst Michael Swartz has downgraded LCI Industries (NYSE:LCII) from Buy to Hold and reduced the price target from $140 to $110.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:53 pm

PFE

Amit Dagar, a former Pfizer Inc (NYSE:PFE) employee, was found guilty of securities fraud for insider trading on Paxlovid trial news. He purchased stock options before the trial results were announced and tipped off a friend. Pfizer had previously cut its earnings and revenue guidance due to reduced demand for COVID-19 products. The FDA has approved Paxlovid under emergency use, and Pfizer is considering raising its price. PFE shares saw a slight decrease in premarket trading.

Portfolio Pulse from Vandana Singh

January 19, 2024 | 12:43 pm

F

Ford has increased its workforce with a third crew to meet the growing demand for its Bronco and Ranger models. Conversely, the company has reduced production of the F-150 Lightning due to adjustments in manufacturing. This change could affect a few dozen employees at component plants that support the production of the F-150 Lightning.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:40 pm