Lantronix initiated with a Buy at Canaccord 06:58 LTRX Canaccord analyst T. Michael Walkley initiated coverage of Lantronix with a Buy rating and $13 price target. An experienced and relatively new management team is executing on their vision to transform Lantronix from a hardware product company to an IoT solution supplier, said Walkley, who notes that the company is tracking toward its intermediate goal of $250M in annual sales from less $50M annual revenue in the years before the new management team arrived. Lantronix has accelerated revenue growth and he believes it has a strong product portfolio, management team, balance sheet and vision to continue to add scale and deliver improving profitability, the analyst added.
Bunge price target raised to $120 from $110 at Barclays 
06:33
BG Barclays analyst Benjamin Theurer raised the firm's price target on Bunge to $120 from $110 and keeps an Overweight rating on the shares. The analyst expects "another solid year" after the company guided for at least $9.50 earnings per share in fiscal 2022.
Porch Group initiated with an Outperform at Keefe Bruyette 04:44 PRCH Keefe Bruyette analyst Ryan Tomasello initiated coverage of Porch Group with an Outperform rating and $14.50 price target. The expanding landscape of public real estate technology companies offers exposure to "various secular themes tethered to the digitization of real estate - the world's largest asset class," Tomasello tells investors in a research note. The analyst is bullish on technology adoption across the anachronistic industry, but says "idiosyncratic risks coupled with an unforgiving macro backdrop for high-growth, low-profitability stories warrant a selective approach." He favors companies with "defensible competitive moats" where he has "strong conviction" in profitability and management execution.
Aerojet reaffirms 'strong foundation for substantial value creation' 19:06 AJRD, LMT Aerojet Rocketdyne (AJRD) announced termination of merger agreement with Lockheed Martin (LMT) and reaffirmed its "strong foundation for substantial value creation." The company said in a statement, "We are poised to deliver substantial value to our shareholders driven by our continued leadership in key space exploration and defense growth markets, including by advancing hypersonics and strategic, tactical and missile defense systems. Aerojet Rocketdyne has delivered strong shareholder returns of 166% over the five years prior to the transaction announcement, significantly outperforming the Aerospace and Defense Index by 33% and the S&P 500 by 62%. We are confident in our future performance with an impressive backlog that is more than three times the size of our annual sales and a strong macroeconomic environment underpinning our portfolio. We look forward to providing further details regarding our financial performance and strategy on our fourth quarter and full year 2021 earnings report on Feb. 17, 2022." Show Related Items >>
Lockheed Martin terminates agreement to acquire Aerojet Rocketdyne --
