-- Consumer stocks were leaning lower pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.6%.
Somnigroup International (SGI) has agreed to acquire Leggett & Platt (LEG) in an all-stock deal valued at about $2.5 billion, the companies said. Leggett & Platt stock was up more than 8% and Somnigroup International shares were down more than 1% premarket.
Tata Investment (NSE:TATAINVEST, BOM:501301) consolidated attributable profit increased sharply to 638.3 million Indian rupees in the fiscal fourth quarter ended March 31 from 377.2 billion rupees a year ago.Earnings per share jumped to 1.26 rupees from 0.75 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges by the non-banking financial company.Total revenue from operations in fiscal Q4 also increased to 399.8 million rupees from 164.3 million rupees a year ago.The company also declared a dividend of 3.40 rupees per share, subject to shareholder approval.The company's shares were up over 1% in recent trade.
Chevron (CVX) has an average rating of overweight and mean price target of $211.17, 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)
Airbnb (ABNB) has an average rating of overweight and mean price target of $148.24, 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)