FINWIRES — Financial News

Research Alert: CFRA Maintains Hold Recommendation On Adss Of Vale S.a.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by USD1 to USD18, assuming an EV/EBITDA of 5.0x our 2027 EBITDA estimate, above VALE's three-year average forward EV/EBITDA of 3.9x but below peers' average of 6.8x. Due to the move in the exchange rate for the Brazilian Real, we decrease our 2026 earnings per ADS estimate by BRL0.46 to BRL10.77 and our 2027 forecast by BRL0.78 to BRL10.97. Vale's fundamental outlook remains balanced but faces notable headwinds. Iron ore prices could soften in 2027 from current levels, pressured by weakening Chinese property sector demand and rising supply from Guinea's Simandou project. However, Vale's premium product mix - particularly low-alumina fines and pellets commanding higher margins - provides partial insulation. Base metals offer upside, with copper and nickel production targeting 13% and 12% growth respectively in 2026. The company maintains disciplined capital allocation, with USD5.5B capex in 2025 and an attractive ~6% dividend yield supported by robust free cash flow generation.

$VALE

Research109d ago

Wells Fargo Upgrades Airbnb to Overweight From Equalweight, Adjusts Price Target to $178 From $136

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://finwires.com/en/contact)

$ABNB

Research109d ago

BTIG Downgrades Synchrony Financial to Neutral From Buy

Synchrony Financial (SYF) has an average rating of overweight and mean price target of $87.09, 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://finwires.com/en/contact)

$SYF

Research109d ago

UBS Upgrades Biogen to Buy From Neutral, Adjusts Price Target to $225 From $185

Biogen (BIIB) has an average rating of overweight and mean price target of $213.07, 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://finwires.com/en/contact)

$BIIB

Research109d ago

Barclays Upgrades Seagate Technology to Overweight From Equalweight, Adjusts PT to $625 From $425

Seagate Technology Holdings (STX) has an average rating of overweight and mean price target of $537.27, 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://finwires.com/en/contact)

$STX

Research109d ago

Barclays Upgrades Skyworks Solutions to Overweight From Equalweight, Adjusts PT to $70 From $60

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $63.81, 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://finwires.com/en/contact)

$SWKS

Research109d ago

Research Alert: CFRA Maintains Hold Recommendation On Shares Of Alcoa Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $7 to $75, assuming an EV/EBITDA of 6.5x our 2027 EBITDA estimate, a discount to AA's three-year average forward EV/EBITDA of 6.7x, warranted by the Section 232 tariffs, a headwind for AA's cost basis. We raise our 2026 EPS estimate by $2.97 to $7.78 and our 2027 EPS estimate by $0.57 to $6.12. AA benefits from a favorable aluminum supply-demand backdrop stemming from the Middle East conflict, which has taken approximately 2.5 million metric tons of annual smelting capacity offline and pushed LME aluminum prices above $3,600/ton. AA's strategic advantages include minimal spot electricity exposure (less than 1%) and growing demand for value-added products from customers seeking to replace Middle East supply. However, the alumina segment faces margin pressure from weak API pricing and elevated energy costs. With $1.4 billion in cash and debt reduction underway, AA is well positioned to benefit from sustained tight aluminum markets while navigating alumina headwinds.

$AA

Research109d ago

Research Alert: CFRA Drops Stars Coverage Of Six Flags Entertainment Corp

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of FUN, an amusement park operator, due to a shift in investor focus. Our previous recommendation was Hold.

$FUN

Research109d ago

Daiwa Downgrades Abbott Laboratories to Neutral From Outperform, Adjusts PT to $92 From $113

Abbott Laboratories (ABT) has an average rating of overweight and mean price target of $119.08, 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://finwires.com/en/contact)

$ABT

Research109d ago

Rothschild & Co Redburn Downgrades Albemarle to Neutral From Buy, Adjusts PT to $188 From $185

Albemarle (ALB) has an average rating of overweight and mean price target of $199.86, 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://finwires.com/en/contact)

$ALB

Research109d ago

Jefferies Downgrades Prudential Financial to Hold From Buy, Adjusts Price Target to $98 From $124

Prudential Financial (PRU) has an average rating of hold and mean price target of $100.93, 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://finwires.com/en/contact)

$PRU

Research109d ago

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of TRIP, an online travel agency, due to a shift in investor focus. Our previous recommendation on shares of TRIP was Hold.

$TRIP

Research109d ago

Research Alert: CFRA Keeps Hold Opinion On Adss Of Nio Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our target to USD7.00 from USD6.50, which implies a 2026 P/S of 1.0x (below its five-year mean of 2.7x), on our projected slower two-year revenue CAGR of 29% (vs. its historical five-year CAGR of 40% through 2025). We project NIO's revenue to grow 33%/25% in 2026/2027, assuming the number of car deliveries will increase by 40%/30% in 2026/2027, led by demand for upcoming new models (including the ONVO L80, ES9, and five-seat ES7). We expect non-GAAP net losses to narrow, supported by an improved product mix and enhanced scale efficiencies. Nevertheless, intensifying price competition, policy headwinds, and elevated costs are likely to delay profitability improvement, with breakeven unlikely to materialize before 2028. Improved delivery growth and margin trajectory are encouraging, but insufficient to warrant a more constructive stance until the company demonstrates a clear path to profitability. We revise our non-GAAP LPADS forecast to CNY0.42 (from CNY0.51) for 2026 and set 2027's LPADS at CNY0.09.

$NIO

Research109d ago

Nomura Starts Leela Palaces Hotels & Resorts at Buy with INR510 Price Target

Leela Palaces Hotels & Resorts (NSE:CHALET, BOM:542399) has an average rating of buy and mean price target of 553.81 Indian rupees, 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://finwires.com/en/contact)

BOM:544408NSE:THELEELA

Research109d ago

Nomura Starts Chalet Hotels at Neutral with INR860 Price Target

Chalet Hotels (NSE:CHALET, BOM:542399) has an average rating of buy and mean price target of 1,024.05 Indian rupees, 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://finwires.com/en/contact)

BOM:542399NSE:CHALET

Research109d ago

Research Alert: Bhp Raises Copper Outlook On Escondida Strength, Cuts Unit Costs Significantly

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BHP delivered solid nine-month operational performance with copper production of 1,460.9kt, down 3% Y/Y, due to lower Escondida grades, while iron ore achieved record production of 196.6Mt, up 2%. Average realized copper prices surged 31% Y/Y to USD5.47/lb, led by AI infrastructure demand and electrification trends, with iron ore averaging USD84.91/wmt, up 2%. Strong operational momentum at key assets including record material mined at Escondida and excellence at WAIO support the investment thesis despite grade headwinds. Management upgraded FY 26 (Jun.) copper guidance to the upper half of the 1,900-2,000kt range, reflecting operational confidence. BHP's disciplined capital management realized USD4.8B through strategic transactions, including the Antamina streaming deal, enabling focus on growth projects. Escondida's unit cost guidance was lowered to USD1.00-1.20/lb, reflecting operational excellence, while the Resolution Copper land exchange milestone advances a major untapped copper resource.

$BHP

Research110d ago

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of TRIP, an online travel agency, due to a shift in investor focus. Our previous recommendation on shares of TRIP was Hold.

$TRIP

Research110d ago

Research Alert: CFRA Drops Stars Coverage Of Six Flags Entertainment Corp

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of FUN, an amusement park operator, due to a shift in investor focus. Our previous recommendation was Hold.

$FUN

Research110d ago

Research Alert: CFRA Reiterates Strong Buy View On Shares Of 3m Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price at $185 following MMM's Q1 earnings print, valuing shares at 19.4x our 2027 operating EPS outlook of $9.53 (up from $9.26; 2026 EPS view raised to $8.82 from $8.63), near MMM's historical multiple pre-pandemic. Given the company's improving earnings quality and portfolio optimization efforts, we currently see shares as attractively valued. While the macroeconomic environment remains highly dynamic, we do not see this as an exclusive driver of share performance - execution on internal initiatives will be a core determinant of the company's results as its transformation matures. Automation presents a meaningful opportunity in driving the next leg of productivity enhancements, which we see as a tailwind for operating margins as investments bear fruit. On the growth front, we are encouraged by MMM's efforts to lean into data center market expansion, with "Expanded Beam Optics" technology showing early traction among hyperscalers. We reiterate our Strong Buy on shares.

$MMM

Research110d ago

Research Alert: CFRA Reiterates Strong Buy View On Shares Of 3m Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price at $185 following MMM's Q1 earnings print, valuing shares at 19.4x our 2027 operating EPS outlook of $9.53 (up from $9.26; 2026 EPS view raised to $8.82 from $8.63), near MMM's historical multiple pre-pandemic. Given the company's improving earnings quality and portfolio optimization efforts, we currently see shares as attractively valued. While the macroeconomic environment remains highly dynamic, we do not see this as an exclusive driver of share performance - execution on internal initiatives will be a core determinant of the company's results as its transformation matures. Automation presents a meaningful opportunity in driving the next leg of productivity enhancements, which we see as a tailwind for operating margins as investments bear fruit. On the growth front, we are encouraged by MMM's efforts to lean into data center market expansion, with "Expanded Beam Optics" technology showing early traction among hyperscalers. We reiterate our Strong Buy on shares.

$MMM

Financial News · Live Terminal

Research Alert: CFRA Maintains Hold Recommendation On Adss Of Vale S.a.

Wells Fargo Upgrades Airbnb to Overweight From Equalweight, Adjusts Price Target to $178 From $136

BTIG Downgrades Synchrony Financial to Neutral From Buy

UBS Upgrades Biogen to Buy From Neutral, Adjusts Price Target to $225 From $185

Barclays Upgrades Seagate Technology to Overweight From Equalweight, Adjusts PT to $625 From $425

Barclays Upgrades Skyworks Solutions to Overweight From Equalweight, Adjusts PT to $70 From $60

Research Alert: CFRA Maintains Hold Recommendation On Shares Of Alcoa Corporation

Research Alert: CFRA Drops Stars Coverage Of Six Flags Entertainment Corp

Daiwa Downgrades Abbott Laboratories to Neutral From Outperform, Adjusts PT to $92 From $113

Rothschild & Co Redburn Downgrades Albemarle to Neutral From Buy, Adjusts PT to $188 From $185

Jefferies Downgrades Prudential Financial to Hold From Buy, Adjusts Price Target to $98 From $124

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

Research Alert: CFRA Keeps Hold Opinion On Adss Of Nio Inc.

Nomura Starts Leela Palaces Hotels & Resorts at Buy with INR510 Price Target

Nomura Starts Chalet Hotels at Neutral with INR860 Price Target

Research Alert: Bhp Raises Copper Outlook On Escondida Strength, Cuts Unit Costs Significantly

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

Research Alert: CFRA Drops Stars Coverage Of Six Flags Entertainment Corp

Research Alert: CFRA Reiterates Strong Buy View On Shares Of 3m Company

Research Alert: CFRA Reiterates Strong Buy View On Shares Of 3m Company

Research Alert: CFRA Maintains Hold Recommendation On Adss Of Vale S.a.

Wells Fargo Upgrades Airbnb to Overweight From Equalweight, Adjusts Price Target to $178 From $136

BTIG Downgrades Synchrony Financial to Neutral From Buy

UBS Upgrades Biogen to Buy From Neutral, Adjusts Price Target to $225 From $185

Barclays Upgrades Seagate Technology to Overweight From Equalweight, Adjusts PT to $625 From $425

Barclays Upgrades Skyworks Solutions to Overweight From Equalweight, Adjusts PT to $70 From $60

Research Alert: CFRA Maintains Hold Recommendation On Shares Of Alcoa Corporation

Research Alert: CFRA Drops Stars Coverage Of Six Flags Entertainment Corp

Daiwa Downgrades Abbott Laboratories to Neutral From Outperform, Adjusts PT to $92 From $113

Rothschild & Co Redburn Downgrades Albemarle to Neutral From Buy, Adjusts PT to $188 From $185

Jefferies Downgrades Prudential Financial to Hold From Buy, Adjusts Price Target to $98 From $124

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

Research Alert: CFRA Keeps Hold Opinion On Adss Of Nio Inc.

Nomura Starts Leela Palaces Hotels & Resorts at Buy with INR510 Price Target

Nomura Starts Chalet Hotels at Neutral with INR860 Price Target

Research Alert: Bhp Raises Copper Outlook On Escondida Strength, Cuts Unit Costs Significantly

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

Research Alert: CFRA Drops Stars Coverage Of Six Flags Entertainment Corp

Research Alert: CFRA Reiterates Strong Buy View On Shares Of 3m Company

Research Alert: CFRA Reiterates Strong Buy View On Shares Of 3m Company