Price: $114.13, Change: $-1.62, Percent Change: -1.40%
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Dropbox Signs $400 Million Credit Facility, Launches $900 Million Share Buyback Program
Dropbox (DBX) signed a senior secured revolving credit facility with a group of lenders for up to $400 million in borrowing capacity and launched a buyback program for up to $900 million of its Class A common shares, the company said Monday.Proceeds from the facility may be used for general corporate purposes, including share buybacks, Dropbox said.Shares of Dropbox were up more than 6% in Monday trading.Price: $28.41, Change: $+1.53, Percent Change: +5.69%
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Deere Sees Roadbuilding, Mineral Processing as Notable Market Share Opportunities, RBC Says
Deere & Company (DE) sees roadbuilding and processing equipment as notable market share opportunities, complementing its 2017 acquisition of Wirtgen, which added roadbuilding and mineral processing offerings to its legacy earthmoving lineup, RBC Capital Markets said in a note.Deere's increased use of automation across the Wirtgen family of companies is meant to address roadbuilding customers' challenges, namely limited availability of skilled labor, increased input costs, safety concerns, and increasing documentation requirements, according to the Sunday note.RBC further said that the opportunity ahead with mineral processing is significant, with the space highly fragmented globally and no dominant player.RBC maintained its outperform rating on Deere with a $752 price target.Price: $534.59, Change: $-7.59, Percent Change: -1.40%
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Via Transportation Shares Too Cheap to Ignore, Oppenheimer Says
Via Transportation (VIA) shares are too cheap to ignore, and the firm has the ability to exceed $1 billion in total revenue in four years, Oppenheimer said in a Monday note.The report pointed among others to durability of core transit software modernization, faster growth optionality in several adjacent markets, and strong gross retention.The company also has good gross and operating margin drivers with AI Labs, the note added."Via Transportation is one of the most defensible SMiD-Cap software business in the AI transition," Oppenheimer said, keeping its outperform rating and a $25 price target.Price: $16.10, Change: $+0.86, Percent Change: +5.68%
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