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Goldman Sachs Raises Fox Price Target to $81 From $75

Fox (FOX, FOXA) has an average rating of overweight and mean price target of $69.38, 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)Price: $60.10, Change: $+3.50, Percent Change: +6.18%

$FOX$FOXA

Wire54d ago

Primoris Services Shares Rise After Mizuho Upgrade

Primoris Services (PRIM) shares rose 9.2% on Monday after Mizuho upgraded the stock to outperform from neutral with a price target of $175 per share.Trading volume stood at over 2 million shares compared with a daily average of nearly 1.2 million.Price: $115.09, Change: $+10.29, Percent Change: +9.82%

$PRIM

Wire54d ago

Market Chatter: McEwen Copper Signs Deal With Financial Firm to Manage $2.4 Billion Loan for Argentina Project

McEwen's (MUX) McEwen Copper has signed a deal with a financial firm to manage a $2.4 billion loan package that is funding part of the Los Azules copper project in Argentina, Reuters reported Monday, citing Michael Meding, McEwen Copper's vice president and general manager.Meding said the loan is part of a $4 billion financing package for the project and that McEwen Copper is targeting a 40-60 split between equity and debt for the package, according to the news outlet.McEwen did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $25.30, Change: $+1.07, Percent Change: +4.41%

$MUX

Wire54d ago

Update: Hawaiian Electric Industries Shares Fall After Higher 2026 Operational Cost Guidance

(Updates with the latest stock price movement in the headline and the first paragraph, and operations forecast details in the fourth and fifth paragraphs.)Hawaiian Electric Industries (HE) shares fell 4.9% in afternoon trading Monday after the company revealed late Friday, along with its Q1 results, that it expects operations and maintenance costs to outpace inflation in 2026.The company reported Q1 non-GAAP net income late Friday of $0.18 per diluted share, up from $0.15 a year earlier.Revenue in the three months ended March 31 rose to $746.4 million from $744.1 million a year earlier.Hawaiian Electric Industries expects 2026 operations and maintenance expenses, excluding pension, to outpace inflation as it navigates a transitional year ahead of a 2027 rate rebasing amid higher insurance premiums, storm response expenses, vegetation management expenses, and information technology-related and labor costs, it said.The company also expects maximum penalty under the Fuel Cost Risk Sharing mechanism, it added.Price: $14.11, Change: $-0.73, Percent Change: -4.89%

$HE

Wire54d ago

Update: ASP Isotopes Shares Rise After Unit Signs MOU With European Nuclear Technology Company

(Updates with the latest stock move in the headline and first paragraph.)ASP Isotopes (ASPI) shares were up 18% in Monday trading after the company said its subsidiary Quantum Leap Energy has entered into a non-binding memorandum of understanding with a European nuclear technology company specializing in advanced nuclear reactor development.Under the terms of the memorandum, which extends through Dec. 31, 2030, the two organizations will assess the viability of a long-term collaboration for the supply of high-assay low-enriched uranium with uranium-235 content of greater than 10%, the company said.The European partner could potentially provide uranium feedstocks for Quantum's planned conversion and enrichment facilities, the company said.Potential deliveries could begin in 2028 and scale up through 2036, the company said.Price: $6.38, Change: $+1.00, Percent Change: +18.59%

$ASPI

Wire54d ago

Deutsche Bank Cuts L3Harris Technologies Price Target to $300 From $326

L3Harris Technologies (LHX) has an average rating of overweight and mean price target of $390.21, 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)Price: $303.32, Change: $+3.68, Percent Change: +1.23%

$LHX

Wire54d ago

Street Color: Ford Motor Introduces Ford Energy Unit

Wire54d ago

Barclays Raises Bloom Energy Price Target to $254 From $177, Equalweight Rating Kept

Bloom Energy (BE) has an average rating of overweight and mean price target of $166.44, 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)Price: $291.79, Change: $+30.76, Percent Change: +11.78%

$BE

Wire54d ago

Chemours Reiterated 2026 Guidance but Investors Wanted Stronger Signal, RBC Says

Chemours (CC) reiterating its 2026 guidance may be viewed as weaker than peers, and investors may have been looking for a stronger signal from management of an H2 boost, RBC Capital Markets said in a note emailed Monday.Chemours secured a long-term chlorine supply contract with Olin (OLN) starting in 2028, aimed at strengthening its competitive position, the firm said. By that time, the PCC plant is expected to come online and deliver solid cost benefits for the company, according to the note.While the company should benefit from the Middle East conflict-driven sulfur cost inflation impacting sulfate-based TiO2 competitors, price has yet to boost earnings, which should start in H2, the brokerage added.RBC kept an outperform rating on Chemours and raised the price target to $29 from $26.Price: $25.31, Change: $+2.27, Percent Change: +9.85%

$CC

Wire54d ago

CIBC Lowers Cascades' Price Target to C$13.00 From C$14.00 Following Q1 Results

CIBC Capital Markets maintained its neutral rating on the shares of Cascades (CAS.TO) and cut its price target to C$13.00 from C$14.00 after the company reported its first quarter results on May 7.CIBC remains on the "sidelines given sluggish industry demand for corrugated," it said and added, that being said, it expects CAS' risk profile to improve as Bear Island ramps up further and leverage trends lower."We see net debt/EBITDA declining from 3.3x as of Q1 to 2.8x by year-end and 2.2x by the end of 2027," said analyst Hamir Patel. "Additionally, CAS appears to be delivering on portfolio rationalization, including targeting ~$230MM of redundant assets sales over 2025-Q3/26 ($149MM achieved to date), as well as $100MM in profitability improvements by year-end 2026 from 2024 levels ($30MM achieved in 2025)."CIBC maintained its rating on Cascades, while reducing its price target on lower estimates, it said.CIBC is reducing 2026/2027 EBITDA Estimates By 11%/5%, it said."We have lowered our 2026 and 2027 estimates by $66MM and $35MM, to $545MM and $620MM, respectively, largely reflecting weaker Containerboard segment assumptions," Patel added.Hamir Patel said over the past week, the "top three NA containerboard producers announced price hikes effective June 1, including International Paper (+US$70/ton), Smurfit WestRock (+US$50/ton) and PCA (+US$50/ton)"."Georgia-Pacific and Pratt Industries followed suit this week, while Cascades also announced US$60/ton hikes for liner and US$70/ton for medium," Patel said.. "This second industry pricing initiative follows the US$50/ton net hike realized across the industry earlier this year, with benchmark linerboard prices reaching US$995/ton (+5% YTD)."According to Pulp & Paper Week (PPW), CIBC noted, producers have cited higher manufacturing costs, as well as surging oil, fuel and transportation expenses. PPW recently characterized NA box demand as "steady at best" over the past six months, said CIBC but added that conditions appear to have improved in March and April, with U.S. shipments rising 3.4% in March."That said, industry participants remain cautious, as the ongoing conflict in the Middle East could weigh on consumer confidence and spending, further dampening demand," added CIBC. "On the supply side, the backdrop remains more constructive, supported by significant U.S. containerboard industry capacity rationalization [~10% of capacity (~3.6MM tons) removed since February 2025]."Price: $10.59, Change: $-0.19, Percent Change: -1.76%

$CAS.TO

Wire54d ago

Market Chatter: Meta Platforms Sued by California County Over Alleged Scam Ad Profits

Meta Platforms (META) is being sued by Santa Clara County, California, over allegations that it "knowingly facilitates and profits from billions of scam advertisements" on Facebook and Instagram, Bloomberg reported Monday.The complaint says Meta enables scam ads that target seniors and families and allegedly tracks such advertisements, and generates about $7 billion annually from these ads, the report said, citing Santa Clara County counsel Tony LoPresti, who filed the lawsuit.Meta did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $602.92, Change: $-6.71, Percent Change: -1.10%

$META

Wire54d ago

Westlake Likely to Benefit From Higher Prices, Lower Costs, RBC Says

Westlake (WLK) is expected to benefit from cost reductions and pricing actions, RBC Capital Markets said in a note Friday.The report pointed to "solid" order books into Q2, with price increases offsetting higher cost, albeit with some lags."Additionally, WLK's cost reductions and pricing actions should create further uplift into Q3," the report said.The note also said the company remains confident in its ability to raise EBITDA by about $600 million from a year ago, which could rise further on an extended Hormuz closure.RBC kept its outperform rating while lowering its price target to $130 from $145.Price: $98.28, Change: $+4.43, Percent Change: +4.71%

$WLK

Wire54d ago

Nutrien Supported by Strong Execution, Fertilizer Fundamentals, RBC Says

Nutrien (NTR) is expected to benefit from solid agriculture demand, higher nitrogen prices, strong cash flow, possible asset sales, and continued share buybacks, RBC Capital Markets said.The investment firm said in a Friday note that Nutrien is executing well and should generate strong free cash flow in 2026 and 2027, helped in the near-term by higher nitrogen prices. The company's retail business remains on track for growth in 2026 as planted acreage stays high and demand improves for products that help crop yields.RBC expects nitrogen prices to stay high even after the Strait of Hormuz reopens, as fertilizer markets may take time to return to normal, according to the note.Potash demand remains steady, though there is some risk later in 2026 if farmers shift spending because nitrogen and phosphate prices remain high.RBC maintained its outperform rating and $85 price target.Shares of Nutrien were up 4.3% in Monday trading.Price: $71.26, Change: $+2.93, Percent Change: +4.29%

$NTR

Wire54d ago

Telus Advances Proposed Sovereign AI Factory Cluster Project With Canadian Government

Telus (TU), Westbank, and the Canadian government are making progress on a proposed sovereign artificial intelligence factory cluster in British Columbia, the communications technology company said Monday.The planned cluster aims to scale to more than 60,000 graphics processing units and 150 megawatts by 2032, powered 98% by clean energy, Telus said.The sovereign AI factory cluster will serve Canadian businesses, public institutions, and government organizations with high-performance AI computing capacity without sending their data and intellectual property outside of the country, according to a statement.Price: $12.70, Change: $-0.05, Percent Change: -0.43%

$TU

Wire54d ago

Meta Platforms Sued by California County Over Scam Ad Profits Allegations, Bloomberg Reports

$META

Wire54d ago

Telus' Performance Tracking Low-to-Mid End of 2026 Revenue, EBITDA Guidance Ranges, RBC Says

Telus' (TU) performance is tracking to the low-to-mid end of its reaffirmed revenue and earnings before interest, taxes, depreciation and amortization growth guidance for 2026, RBC Capital Markets said in a note Sunday.In the absence of recurring Q1-like promotional intensity, management sees ongoing sequential improvement in year-on-year wireless network revenue growth as the year progresses, reiterating the expectation of steady TTech multiyear margin expansion, the brokerage said.The company further sees Telus Health crystallization process as "well underway" with interest from multiple parties, with a transaction update likely coming this summer or in concurrence with its Q2 results, according to the note.Telus maintains a premium valuation relative to large cap peers, with the company sustaining 3% or higher adjusted EBITDA growth and continuing to make progress towards management's 10% consolidated capex intensity objective, among others, the brokerage said.RBC maintained its outperform rating on the stock, with a 22 Canadian dollars ($16.10) price target.Price: $12.69, Change: $-0.06, Percent Change: -0.51%

$TU

Wire54d ago

Update: Trump to Sign Executive Orders to Address Beef Supply Issues

(Updates with statement from the White House throughout.)President Donald Trump will sign two executive orders on Monday to boost beef imports, a White House official told.The move will "address short-term supply issues in the US beef market by expanding imports and supporting the renewal of America's domestic cattle herd, which is currently at a multi-decade low," the official said in the emailed response.The confirmation follows a report by The Wall Street Journal earlier Monday that the Trump administration is planning to temporarily cut tariffs on beef imports to help lower record-high beef prices in the US.Price: $20.12, Change: $-0.32, Percent Change: -1.57%

$HRL$PPC$TSN

Wire54d ago

UBS Trims PG&E Price Target to $22 From $23, Buy Rating Kept

PG&E (PCG) has an average rating of overweight and mean price target of $23, 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)Price: $16.26, Change: $+0.19, Percent Change: +1.18%

$PCG

Wire54d ago

LSB Industries Continues to Benefit From Higher Nitrogen Prices, RBC Says

LSB Industries (LXU) is seen benefiting from high nitrogen prices due to the supply disruption caused by the Middle East conflict, boosting free cash flow generation before prices normalize, RBC Capital Markets said in a note emailed Monday.Nitrogen prices are expected to remain high even after the Strait of Hormuz reopens, as it will take time for fertilizer markets to normalize as tight natural gas prices persist in Europe and globally through 2027, RBC analysts said. They added that they expect nitrogen price to peak mid-year, but there is a upside risk if the US and Iran continue to fail to reach a settlement agreement.LSB executed strongly in Q1 with production volumes better than expected and non-gas controllable costs 10% below RBC estimates, the firm noted. This suggests potentially even lower costs once the company is on a more regular turnaround schedule, according to the note.RBC revised its estimates for LSB's earnings before interest, taxes, depreciation, and amortization to $238 million from $219 million in 2026, and to $188 million from $204 million in 2027.RBC reiterated the company's stock rating at sector perform and raised the price target to $15 from $14.Price: $14.80, Change: $+0.89, Percent Change: +6.40%

$LXU

Wire54d ago

Grab, Nuitee Collaborate Over Travel Accommodation Booking Service

Grab (GRAB) will collaborate with Nuitee to launch a travel accommodation booking service called GrabStays within the Grab app, the AI travel technology company said in a Monday statement.The app will be powered by Nuitee's travel infrastructure, according to a statement.GrabStays will launch first in Singapore later this month, followed by other markets in 2026, according to the company.Price: $3.68, Change: $-0.04, Percent Change: -1.08%

$GRAB

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Wire54d ago

CIBC Lowers Cascades' Price Target to C$13.00 From C$14.00 Following Q1 Results

$CAS.TO