The Latest Breaking News from BofA Securities

Xponential Fitness Inc (NYSE:XPOF) commenced an underwritten public offering of 4.5 million shares of the company’s Class A common stock by certain existing stockholders, affiliates of Snapdragon Capital Partners. Underwriters granted a 30-days option to purchase up to an additional 675,000 shares. Xponential will not receive any proceeds from the sale of the…

Qualtrics International Inc (NASDAQ: XM) is widely considered the pioneer of the XM — experience management —market, which is vast, estimated at more than $60 billion, and encompasses employee, customer, brand and product experience, according to BofA Securities.

Logitech International SA (NASDAQ: LOGI) is likely to generate a compounded annual growth rate of 8% in revenues and 10% in EBITDA between fiscal 2022 and 2026, according to BofA Securities.

Global auto sales are recovering from the trough seen in September 2021, and the industry has thrown up some winners and some laggards, according to an analyst at BofA Securities.

BofA Securities head of cryptocurrency and digital assets Alkesh Shah said he has “no idea” why Dogecoin (CRYPTO: DOGE) has a market value of $36 billion.

U.S. refiners are enjoying a relative advantage that could last longer than the “Golden Age” in the mid-2000s, according to BofA Securities.

Corporates are facing new challenges, including the Russia-Ukraine war, COVID outbreaks in China, rising energy prices, interest rate hikes, and new supply chain disruptions, some of which could materialize into new headwinds, according to BofA Securities. The Chemicals Analyst: Steve Byrne upgraded three stocks and downgraded three others.

Deutsche Bank AG (NYSE: DB) is poised to benefit from interest rate hikes and market volume growth, according to BofA Securities.

Although StoneCo Ltd (NASDAQ: STNE) reported its non-GAAP net income 48% below Street expectations, its operating trends reflected better revenue generation on robust TPV growth, take rate expansion and lower administrative expenses, according to BofA Securities.