-- Cochlear (ASX:COH) has an average rating of overweight and mean price target of AU$166.45, according to analysts polled by FactSet.
(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Pegasystems (PEGA) expects to see a reacceleration in the second half of the year on backlog growth and higher cash generation despite its recent first-quarter results missing Wall Street estimates on the top and bottom lines, Wedbush said in a Thursday research report.Pega Cloud annual contract value in Q1 fell short of consensus at $906.7 million as the company shifts its ACV mix to the cloud, according to the note.Blueprint is accelerating conversion to Pega Cloud and driving incremental opportunities to the pipeline, expected to help the company outperform throughout 2026, Wedbush stated.The brokerage said it reiterated its outperform rating on the stock and price target of $60 per share.Price: $35.09, Change: $-2.39, Percent Change: -6.38%
Stifel Canada on Thursday maintained its buy rating on the shares of NexGen Energy (NXE.TO) and its C$30.00 price target after the company wrapped up its winter drilling program at its Patterson Corridor East uranium project in northern Saskatchewan."NexGen announced completion of its 2026 winter drill program at the Patterson Corridor East (PCE) discovery, highlighting a 33% vertical expansion of the high-grade subdomain to 550m (from 412m) over a 210m strike. Key results include RK-26-271c1 (12.6m >10,000cps, 2.3m >61,000cps) and RK-26-280c1 (4.2m >10,000cps) that intersected mineralization 834m below surface. Furthermore, the discovery of a separate parallel trend 600m southeast suggests the PCE system may repeat, mirroring the multi-shear architecture of Arrow. Recall that early drilling at PCE (located 3.5km east of Rook 1) indicates a large, high-grade system analogous to Arrow, and may be one of the more underappreciated aspects of the NexGen story and underpins long-term growth optionality beyond Arrow. We currently assume a PCE mineral inventory value of $2.95/share (155Mln lbs @ US$10/lb) based on 6.3Mt @ 1.12% U3O8 (0.01% cut-off grade). We reiterate our Buy rating," analyst Ralph Profiti wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $17.77, Change: $-0.12, Percent Change: -0.67%
The European Investment Bank has agreed to provide 100 million euros ($117 million) in financing for Malta's second electricity interconnector with Italy, a project aimed at strengthening the island nation's energy security and accelerating its shift toward renewable power, EIB said in a statement on Thursday.The new subsea cable, known as IC2, will run 122 kilometers between Malta and Sicily, linking the Enemalta terminal station in Maghtab with Terna's substation in Ragusa. Designed as an alternating current connection operating at 220 kilovolts and 50 hertz, the interconnector will have a transmission capacity of 225 megawatts.Officials said the project will significantly expand electricity interconnection capacity between Malta and Italy, enabling greater access to the European power market, improving grid stability, and supporting the integration of renewable energy sources.The interconnector is scheduled to begin operations in the first quarter of 2027 and is a central component of Malta's energy strategy, particularly its efforts to meet the European Union's 2030 climate and energy targets.Total project costs are estimated at 296.68 million euros. Funding includes 165.78 million euros from the European Regional Development Fund, alongside the EIB loan and contributions from the Maltese government.The project also received advisory support from JASPERS, a joint initiative of the EIB and the European Commission, which assisted with project preparation, design, and compliance with EU requirements.Ownership of the infrastructure will remain with the Maltese government. Interconnect Malta, a state-owned company, will oversee the procurement, construction, and operation of the interconnector. Its full capacity will be made available to Enemalta, Malta's electricity distribution operator, under a capacity agreement with an annual usage tariff.