Paramount Skydance (PSKY) has officially requested the European Union to greenlight its $110 billion takeover of Warner Bros Discovery (WBD), according to a Tuesday case filing with the European Commission.
The European Commission has set an initial deadline of July 7 to rule on the merger, according to the filing.
Price: $10.76, Change: $-0.22, Percent Change: -2.00%
Sherwin-Williams (SHW) remains well-positioned to benefit from a recovery in the US housing market, but "unsupportive" market conditions are delaying that timeline, UBS said in a note emailed Tuesday.The analysts said they now forecast the company's earnings to grow at roughly a 5% compound annual rate over the next two years and do not expect above-average growth until 2028 or later.Sherwin-Williams' "stock deserves a premium [versus] coatings peers due to pricing power, but mix shift and higher leverage from potential [mergers and acquisitions] could become an overhang and risks a derating near-term," the analysts added.The analysts said their adjusted earnings per share estimates are 5% below consensus for 2027 and roughly in line for 2028. Given the muted growth outlook and lack of a clear catalyst, they believe the stock is unlikely to see a meaningful re-rating in the medium term and now view the risk-reward profile as more balanced.UBS downgraded Sherwin-Williams from buy to neutral and lowered its price target to $330 from $385.Price: $293.73, Change: $-1.13, Percent Change: -0.38%
Johnson Controls International (JCI) is in the early stages of deploying its new business model focused on improving productivity and early indications are highly encouraging, UBS Securities said in a note Monday.The company is on track to increase revenue at a large facility to $1 billion from $250 million over the next two years without higher labor, footprint, or capital requirement, according to the note.The company has also improved on time delivery, reduced client lead times, and decreased floor space and inventory, analysts wrote.The brokerage said it now expects 2026 earnings per share of $4.96, compared with $4.87 previously, and also anticipates sales growth from business system initiatives.UBS Securities boosted its price target on the stock to $180 per share from $170, while reiterating its buy rating.Shares of Johnson Controls were up more than 5% in Tuesday trading.Price: $141.28, Change: $+7.37, Percent Change: +5.50%
Toyota Motor May US Sales at 238,800 Units, Down 0.6% Year Over Year, Bloomberg Says