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BOH

Bank of Hawaii (NYSE:BOH) reported Q4 earnings of $0.72 per share, missing the consensus estimate of $1.00 by 28%, and a 52% decrease from $1.50 per share last year. Sales were $158.07M, missing the $161.51M estimate by 2.13%, and down 13.11% from $181.91M last year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:49 am

TAST

Truist Securities analyst Jake Bartlett downgraded Carrols Restaurant Group (NASDAQ:TAST) from Buy to Hold and reduced the price target from $10 to $9.55.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:49 am

PLTK

HSBC analyst Mohammed Khallouf has downgraded Playtika Holding (NASDAQ:PLTK) from Buy to Hold and reduced the price target from $14.9 to $8, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:47 am

TLYS

Ed Thomas has retired as President and CEO of Tilly's, effective immediately. He will remain as interim President and CEO until a successor is appointed.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:46 am

LIN

Stifel analyst Andreas Heine has downgraded Linde (NASDAQ:LIN) from Buy to Hold and set a price target of $429. This reflects a change in the analyst's outlook on the stock, suggesting a more cautious stance on Linde's future price performance.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:46 am

CSX

MCHP

MTB

SBUX

SMCI

Wall Street analysts have made recent stock picks with varying accuracy rates. Chris Caso of Wolfe Research upgraded Microchip Technology (MCHP) with a 17% upside. Patrick Brown of Raymond James maintained CSX Corporation (CSX) with an 86% upside. Frank Schiraldi of Piper Sandler maintained M&T Bank (MTB) with a 9% upside. Matt Bryson of Wedbush reiterated a Neutral rating on Super Micro Computer (SMCI) with a 42% downside. Brian Mullan of Piper Sandler maintained Starbucks (SBUX) with over a 6% upside. These ratings come as the S&P 500 hits an all-time high and all major indices are positive for 2024.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 11:43 am

AXR

KALV

PBF

TALO

Insiders at Talos Energy, PBF Energy, AMREP, and KalVista Pharmaceuticals have made significant stock purchases. Talos Energy's 10% owner bought shares worth $230 million, while PBF Energy's 10% owner purchased $20.78 million in stock. AMREP's 10% owner acquired shares for $153,384, and KalVista Pharmaceuticals' 10% owner invested $1.8 million. These transactions may indicate insider confidence despite varying company news, such as Talos Energy's public offering, a downgrade for PBF Energy, a sales decline for AMREP, and new research publication for KalVista Pharmaceuticals.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 11:41 am

AAL

Wolfe Research analyst Scott Group has upgraded American Airlines Group (NASDAQ:AAL) from Peer Perform to Outperform and set a price target of $17. This upgrade suggests a positive outlook for AAL's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:39 am

EVTL

Vertical Aerospace Ltd (NYSE:EVTL) has received a committed funding of $50 million from its founder, CEO, and majority owner, Stephen Fitzpatrick. The funding is structured in two tranches, with the first $25 million including ordinary shares at $10 per share and warrants with a $5 exercise price, closing by March 2024. The second tranche of $25 million will close by July 31, 2024. This investment extends Vertical's cash runway into Q2 2025 and supports the development of its VX4 aircraft, which has already achieved significant milestones in 2023, including pre-orders worth over $5bn. Vertical's unaudited results for 2023 show a net cash use of $95 million in operating activities. EVTL shares saw a premarket increase of 0.99% to $0.5898.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 11:23 am

FXI

Reuters reported that China is taking measures to support the yuan amidst a decline in stock markets. The article suggests that these actions are in response to recent market volatility and may involve policy adjustments or interventions to stabilize the currency.

Portfolio Pulse from Charles Gross

January 22, 2024 | 11:15 am