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Atlassian Still 'Positive' Longer Term, Oppenheimer Says

Atlassian (TEAM) is positioned to benefit from enterprise adoption of AI-powered workflow tools, though declines in data center revenue growth will weigh near-term, Oppenheimer said in a Monday note.The note pointed to the firm's negative data center growth outlook in fiscal 2027 before reacceleration in the following year."We're adjusting our estimates and believe FY27/FY28 consensus DC projections (-4.9%/-7.0%) aren't declining steeply enough(we model -15.0%/-20.9%)," the report said."We remain positive longer term, though would wait for quantified FY27 to get aggressive again," it added.The report also noted positively-biased spending intentions from customers and its critical partner status.Oppenheimer maintained its outperform rating on the stock and raised its price target to $110 from $100.Price: $87.06, Change: $-4.54, Percent Change: -4.96%

$TEAM

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Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices, Wall Street Journal Reports

$HRL$PPC$TSN

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Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 EPS 1.85 Turkish Lira

$TKC

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Nice Remains Leading Cloud Contact Center Player With Limited Competition, Morgan Stanley Says

Nice (NICE) remains a leading player in the cloud contact center market, with limited competitors able to offer similar functionality at scale and strong conversational artificial intelligence capabilities, Morgan Stanley said in a Monday note.The company's large base of legacy on-premise workforce engagement management customers provides a durable source of growth as those customers transition to cloud offerings at higher average selling prices, the investment firm said. Morgan Stanley lowered its price target on Nice to $130 from $148 while maintaining its overweight rating.Morgan Stanley highlighted RingCentral's (RNG) leadership position in the unified communications market and cited the company's relationships with providers including Avaya, AT&T (T) and BT. Those partnerships give RingCentral access to about half of unified communications-as-a-service deals, the brokerage added.While uncertainty around RingCentral's longer-term growth profile remains, the company continues to execute on profitability expansion and improving capital returns, Morgan Stanley said. The firm raised its price target on RingCentral to $40 from $33 while maintaining its equal-weight rating.Price: $90.56, Change: $-2.17, Percent Change: -2.34%

$NICE$RNG$T

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Algonquin Power & Utilities Shares Range-Bound Until US Redomiciling Move Becomes Clearer, RBC Says

Algonquin Power & Utilities' (AQN) shares could be range-bound until investors get more clarity surrounding its potential redomiciling to the US, RBC Capital Markets said in a note emailed Monday.The potential moving of Algonquin's headquarters to the US makes financial and strategic sense, RBC analysts said. Assuming the Internal Revenue Service agrees with the company's analysis on tax implications, the move would cut its tax burden starting in 2027, the analysts said.With 82% of the company's revenues generated in the US, and only under 5% in Canada, US redomiciling would align better with its operating footprint, according to the note.The analysts noted that Algonquin has also been implementing its plan to become a premium regulated utility, successfully completing three large rate cases this year that will boost its revenue run-rate.RBC maintained the company's stock rating at sector perform and price target at $6.50.Price: $5.99, Change: $-0.08, Percent Change: -1.32%

$AQN

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AdaptHealth's Labor Headwinds Lead to Fast Onboarding of Capitated Contract, RBC Says

AdaptHealth's (AHCO) increased spending on labor that weighed on its Q1 results ensured the "smooth" rollout of a major capitated contract in the home medical equipment space, RBC Capital Markets said in a note Friday.AdaptHealth is now well positioned to extend the relationship beyond the initial five-year period, while the new contract serves as a proof of concept that could attract additional large-scale capitated partners, the investment firm said.Management said the $12 million labor headwind includes $8 million variable labor cost to boost the capitated go-live process and $4 million of temporarily high wages and benefits from "duplicative regional onboarding," the note said.The $8 million variable labor cost is likely to normalize by the end of Q2, while the $4 million will likely decrease as the operating model right-sizes, RBC said.RBC kept AdaptHealth's outperform rating and increased the price target to $15 from $13.Shares of AdaptHealth were up 0.7% in Monday trading.Price: $11.38, Change: $+0.07, Percent Change: +0.66%

$AHCO

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Brookfield Asset Management in Good Position Heading Into Fundraising Cycle, RBC Says

Brookfield Asset Management (BAM) is well positioned heading into its fundraising cycle, with its private equity and infrastructure flagships, along with 60 fundraising strategies driving an estimated $150 billion in fundraising in 2026, RBC Capital Markets said Monday.Brookfield's $3.5 billion of debt outstanding is below its US alternative asset management peers on key metrics including market cap, assets under management, and debt to fee-related earnings multiple, the brokerage said.RBC sees Brookfield's rising debt as manageable and a good form of capital optimization over the long-term. However, the interest expense compresses distributable earnings growth in the near-term relative to fee-related earnings growth, and RBC estimates that the two metrics will converge in 2027, according to the note.The private credit environment is turning more favorable for lenders, which should generate incremental fee opportunities for Brookfield Asset Management, the brokerage said.RBC kept an outperform rating on Brookfield Asset Management and lowered the price target to $65 from $74.Price: $49.36, Change: $-0.40, Percent Change: -0.80%

$BAM

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Albemarle's EBITDA to Benefit From Higher Lithium Prices, RBC Says

Albemarle's (ALB) earnings before interest, taxes, depreciation, and amortization, or EBITDA, will likely benefit from strongerLithium prices in the range of low to mid-$20s per kilogram, RBC Capital Markets analysts said in a note emailed Monday.The company posted "strong" Q1 financial results that beat estimates and raised its annual specialties guidance, analysts said.RBC said that ALB continues to ramp its CGP3 projects and make progress on several brownfield opportunities, which should drive mid-single-digit percentage growth in 2027 and beyond.Analysts said the company could provide further details on brownfield investments and capital return in its Q3 financial results.RBC said it remains optimistic for significant EBITDA growth for fiscal 2026 and raised its EBITDA estimate for the company to $650 million from $600 million for Q2.Analysts retained an outperform rating on the stock and increased its price target to $253 from $245.Price: $215.62, Change: $+12.10, Percent Change: +5.95%

$ALB

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Arxis Growth Could Depend on Pricing, Deals, Public Track Record, RBC Says

Arxis (ARXS) could benefit from steady revenue growth, stronger pricing, more acquisitions, and high margins, but its current valuation and concerns about defense budget growth may limit near-term upside, RBC Capital Markets said in a note Monday.The investment firm said Arxis' midterm revenue growth target of about 9% looks conservative, with volume, pricing, and new business expected to support sales, while the company may have room to raise prices because about 90% of its products are proprietary and only about 15% of revenue is covered by long-term agreements.Acquisitions are the biggest possible upside driver, as Arxis has completed 32 deals since 2019 and expects to keep pursuing about five deals a year, RBC said, adding that Arcline's continued role in larger deals should help Arxis, while the company's recent IPO means investors will want to see a stronger public track record.RBC started coverage of Arxis with a sector perform rating and a $39 price target, saying that the stock's current valuation already reflects much of the near-term opportunity, with better pricing or faster deal activity offering possible upside.Price: $36.97, Change: $+1.87, Percent Change: +5.33%

$ARXS

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Lodging Sector Sees Strong Q1 Results but High Expectations Limit Upside, BofA Says

The lodging and leisure sector delivered strong Q1 earnings, but stocks reacted modestly because expectations were already high, BofA Securities said in a note on Monday.For the quarter, 14 of 17 lodging and leisure companies beat earnings estimates by about 5% on average, according to the note.Companies also raised their 2026 earnings before interest, taxes, depreciation, and amortization outlooks by an average of 1.3%, mainly reflecting the strong Q1 results rather than higher expectations for future quarters, the analysts said."Sentiment was the highest in recent years heading into earnings, resulting in muted stock reactions," the analysts said, adding that they believe company outlooks may still be conservative.BofA raised its price targets for Apple Hospitality REIT (APLE) to $13.50 from $13, for Host Hotels & Resorts (HST) to $23.50 from $22.00, and for Marriott Vacations Worldwide (VAC) to $70 from $65.Price: $13.93, Change: $-0.20, Percent Change: -1.44%

$APLE$HST$VAC

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Landstar System Delivers 'Cleaner' Quarter, But Faces Headwinds, Morgan Stanley Says

Landstar System (LSTR) delivered fiscal Q1 results with a modest upside versus consensus estimates amid better pricing momentum and continued heavy-haul outperformance, while pointing to a "healthier" freight scenario, Morgan Stanley said in a note Monday.The company saw a "cleaner" quarter backed by stronger pricing and a decrease in insurance costs, while management's comments about market conditions were "considerably more optimistic," with the market described as potentially at the "beginning of the beginning" of a freight upcycle, the investment firm said.Morgan Stanley highlighted the truck revenue/load increase of about 6% year on year, with management also indicating more favorable month on month pricing trends and an April truck revenue/load that is about 13% higher compared with previous years.The company, however, is facing headwinds like uneven demand, insurance volatility, and lack of regulatory clarity, with unclear visibility preventing management from issuing formal Q2 guidance, according to the note.Morgan Stanley lifted its price target to $145 from $135, while keeping its equal-weight rating on the stock.Shares of Landstar System were down more than 2% in Monday trading.Price: $179.12, Change: $-4.27, Percent Change: -2.33%

$LSTR

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Madison Air's Custom Solutions Differentiate it From Most Commoditized Markets, RBC Says

Madison Air Solutions (MAIR) has ample room for profitable growth in the global heating, ventilation, and air conditioning vertical, with its custom solutions steering it away from most commoditized markets, RBC Capital Markets said Monday.RBC said it rejects the notion that Madison is at peak margins. The company follows the 80/20 operating principles, which should drive 50 to 70 basis points of annual margin expansion, according to the note.The attractive 70% replacement and 30% new construction split also helps drive healthy margins. Services and aftermarket mix at 10% of revenues is the lowest of its big four HVAC peers but offers a growth opportunity, the brokerage said.RBC estimates Madison's commercial segment to grow by mid-to-high single digits and residential by low-single digits. Management targets 20 to 75 basis points of EBITDA margin expansion per year, and bolt-on mergers and acquisitions should also provide growth opportunities, according to the note.RBC maintained an outperform rating on Madison Air with a price target of $48.Price: $42.57, Change: $+0.54, Percent Change: +1.30%

$MAIR

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Arxis' Organic Growth, Compounder Potential Currently Undervalued, Morgan Stanley Says

Arxis' (ARXS) organic growth and compounder potential are undervalued at current stock price levels, Morgan Stanley said in a Monday note.The company, which provides highly engineered electronic and mechanical components designed for harsh environments in the defense and space sectors, focuses on proprietary products, from which it derives around 90% of its revenue, Morgan Stanley analysts said. This offers Arxis pricing power and a sustainable competitive moat, the analysts noted.Highly diversified across products, end markets, customers, and platforms, Arxis is poised for organic and inorganic growth, and it has a solid history of acquiring and integrating strategic targets for value creation and cross-selling opportunities, the analysts said.Arxis displays the marks of an "industrial compounder" with its durable competitive advantages and successful track record in acquisitions. The company gives investors wide exposure to positive industry trends in defense and space, commercial aerospace, and specialized industrial technology, according to the note.Morgan Stanley initiated coverage of the company's stock at overweight with a price target of $44.Price: $36.82, Change: $+1.72, Percent Change: +4.89%

$ARXS

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USA Rare Earth's Q1 Print Seen Showing Continued Mine-to-Magnet Momentum, Wedbush Says

USA Rare Earth's (USAR) Q1 earnings report is expected to show continued momentum across its expanding mine-to-magnet heavy rare earth value chain amid an accelerating policy backdrop and rising urgency around supply chain sovereignty, Wedbush Securities said in a Monday note.The company is scheduled to report its Q1 results Wednesday after market close.The brokerage said it expects management to provide updates on the Stillwater phase 1a ramp toward 600 metric tons per annum by Q4 and phase 1b reaching 1,200 MTPA in the first quarter of 2027.USA Rare Earth is well-positioned to capture a strong share of Western demand, supported by bipartisan backing for domestic supply chain reshoring and a Defense Federal Acquisition Regulation restriction that will bar the Department of Defense and its contractors from acquiring NdFeB and SmCo magnets containing Chinese-origin material.Wedbush reiterated its outperform rating and raised its price target on USA Rare Earth to $35 from $29, citing immediate upstream scale from the Serra Verde acquisition, Stillwater commercial magnet shipment ramp-up and the integrated mine-to-magnet platform taking shape across the US, UK, France and Brazil.Price: $26.60, Change: $-0.37, Percent Change: -1.35%

$USAR

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General Motors Remains Confident in 2026 Outlook Despite Elevated Risk Profile, Wedbush Says

General Motors (GM) is confident in its 2026 guidance despite an elevated risk profile due to the Middle East conflict, Wedbush said in a Monday research report.The company is also advancing toward its margin expansion goals with the digital strategy still underappreciated in the company's growth story, analysts wrote.General Motors has demonstrated it can execute on cost management, and is positioned to leverage its broad-based portfolio by capitalizing on low-cost vehicle profitability, according to the note.The company expects its high-speed self-driving system to be among the safest systems in 2028, as it builds on software-defined architecture designed to boost capacity for "highly central control" of functions, according to Wedbush.A key differentiator is the company's ability to train foundation models with effectively free data, given its access to years of broad-based data, the brokerage stated.The brokerage said it reiterated its outperform rating on the stock and price target of $95 per share.Price: $76.30, Change: $-2.50, Percent Change: -3.17%

$GM

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Denali Therapeutics Seeing Encouraging Signals From Avlayah Launch, Oppenheimer Says

Denali Therapeutics (DNLI) is seeing encouraging early launch enthusiasm for Avlayah following its recent US Food and Drug Administration approval for Hunter syndrome, Oppenheimer said in a Sunday note.The firm said first patients were treated in a commercial setting in April, with strong interest across patient segments, geographies, and disease type.Oppenheimer said Avlayah's approval validates Denali's streamlined development approach and could support future commercialization across the company's disease pipeline.Startup activities remain underway for a global phase 3 study of DNL126 expected to begin in H2, while patient dosing for the phase 1 DNL952 study is expected to start soon, the firm said.Oppenheimer maintained its outperform rating and $40 price target on Denali Therapeutics.Price: $19.92, Change: $+0.30, Percent Change: +1.53%

$DNLI

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Quantum Computing Faces Fewer Immediate Catalysts Compared With Peers, Wedbush Says

Quantum Computing (QUBT) faces fewer immediate catalysts for growth relative to its peers, Wedbush analysts said in a Monday note.The company is scheduled to report its Q1 financial results later today.Analysts said that the company's commentary on the acquisition of Luminar Semiconductor and NuCrypt, the commercial deployment of Dirac-3 in the Quantum Corridor network, and the launch of NeuraWave will set the tone for the quarter.Wedbush said that while there is a long-term, addressable market for quantum integrated photonics solutions and the company has pursued this technology early, it has yet to emerge as the clear leader in this modality.Analysts said that factors that could impact their view on the company include an inflection in revenue, a technological breakthrough, or a significant acquisition.Wedbush has a neutral rating on the stock and a $12 price target.Price: $10.09, Change: $+0.49, Percent Change: +5.11%

$QUBT

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Burford Capital's Q1 Results Largely Driven by Non-Cash YPF Write-Down, Wedbush Says

Burford Capital's (BUR) Q1 results were largely driven by a massive $2.4 billion non-cash YPF write-down after the Second Circuit's reversal of the $16.1 billion judgment against Argentina, Wedbush Securities said Monday in a note.Despite adjusting for multiple factors affected by the YPF reversal, the firm still calculates an operating loss for Q1 given the unrealized losses for the rest of the portfolio tied to fair value marks, according to the note.Capital allocation priorities moving forward include continuing to fund ongoing commitments and underwrite new business, strategically lowering debt through open market purchases and calling existing maturities, potentially redirecting the $27 million annual dividend toward debt reduction, and aggressively managing operating expenses, according to the note.Burford noted that the chances of further relief in the YPF case from US courts are low, and that the more consequential path forward is international arbitration, the brokerage said.Wedbush maintained a neutral rating on Burford Capital and raised the price target to $5 from $4.75.Price: $4.86, Change: $-0.28, Percent Change: -5.45%

$BUR

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Market Chatter: Disney's ABC Victim of Censorship, FCC Commissioner Says

Walt Disney's (DIS) ABC network has been a victim of "sustained, coordinated" censorship by the Trump administration, Federal Communications Commissioner Anna Gomez said in a letter to Disney chief executive Josh D'Amaro, The Wall Street Journal reported.In the letter, viewed by The Journal, Gomez said FCC Chairman Brendan Carr has weaponized the agency to pressure "a free and independent press and all media into submission," alleging that Carr is pressuring broadcasters for political purposes, the report said.The letter by Gomez, the only Democratic commissioner, follows several FCC investigations into Disney and ABC, including whether the talk show "The View" should continue to receive certain exemptions as a news program, according to the report.Disney did not immediately respond to a request for comment by.(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: $107.09, Change: $-0.93, Percent Change: -0.86%

$DIS

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Financial News · Live Terminal

Atlassian Still 'Positive' Longer Term, Oppenheimer Says

Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices, Wall Street Journal Reports

Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 EPS 1.85 Turkish Lira

Nice Remains Leading Cloud Contact Center Player With Limited Competition, Morgan Stanley Says

Algonquin Power & Utilities Shares Range-Bound Until US Redomiciling Move Becomes Clearer, RBC Says

AdaptHealth's Labor Headwinds Lead to Fast Onboarding of Capitated Contract, RBC Says

Brookfield Asset Management in Good Position Heading Into Fundraising Cycle, RBC Says

Top Midday Stories: Moderna Working on Hantavirus Vaccine, Shares Rise; Blackstone, Halliburton to Invest Combined $1 Billion in VoltaGrid

Albemarle's EBITDA to Benefit From Higher Lithium Prices, RBC Says

Arxis Growth Could Depend on Pricing, Deals, Public Track Record, RBC Says

Lodging Sector Sees Strong Q1 Results but High Expectations Limit Upside, BofA Says

Landstar System Delivers 'Cleaner' Quarter, But Faces Headwinds, Morgan Stanley Says

Madison Air's Custom Solutions Differentiate it From Most Commoditized Markets, RBC Says

Arxis' Organic Growth, Compounder Potential Currently Undervalued, Morgan Stanley Says

USA Rare Earth's Q1 Print Seen Showing Continued Mine-to-Magnet Momentum, Wedbush Says

General Motors Remains Confident in 2026 Outlook Despite Elevated Risk Profile, Wedbush Says

Denali Therapeutics Seeing Encouraging Signals From Avlayah Launch, Oppenheimer Says

Quantum Computing Faces Fewer Immediate Catalysts Compared With Peers, Wedbush Says

Burford Capital's Q1 Results Largely Driven by Non-Cash YPF Write-Down, Wedbush Says

Market Chatter: Disney's ABC Victim of Censorship, FCC Commissioner Says

Atlassian Still 'Positive' Longer Term, Oppenheimer Says

Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices, Wall Street Journal Reports

Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 EPS 1.85 Turkish Lira

Nice Remains Leading Cloud Contact Center Player With Limited Competition, Morgan Stanley Says

Algonquin Power & Utilities Shares Range-Bound Until US Redomiciling Move Becomes Clearer, RBC Says

AdaptHealth's Labor Headwinds Lead to Fast Onboarding of Capitated Contract, RBC Says

Brookfield Asset Management in Good Position Heading Into Fundraising Cycle, RBC Says

Top Midday Stories: Moderna Working on Hantavirus Vaccine, Shares Rise; Blackstone, Halliburton to Invest Combined $1 Billion in VoltaGrid

Albemarle's EBITDA to Benefit From Higher Lithium Prices, RBC Says

Arxis Growth Could Depend on Pricing, Deals, Public Track Record, RBC Says

Lodging Sector Sees Strong Q1 Results but High Expectations Limit Upside, BofA Says

Landstar System Delivers 'Cleaner' Quarter, But Faces Headwinds, Morgan Stanley Says

Madison Air's Custom Solutions Differentiate it From Most Commoditized Markets, RBC Says

Arxis' Organic Growth, Compounder Potential Currently Undervalued, Morgan Stanley Says

USA Rare Earth's Q1 Print Seen Showing Continued Mine-to-Magnet Momentum, Wedbush Says

General Motors Remains Confident in 2026 Outlook Despite Elevated Risk Profile, Wedbush Says

Denali Therapeutics Seeing Encouraging Signals From Avlayah Launch, Oppenheimer Says

Quantum Computing Faces Fewer Immediate Catalysts Compared With Peers, Wedbush Says

Burford Capital's Q1 Results Largely Driven by Non-Cash YPF Write-Down, Wedbush Says

Market Chatter: Disney's ABC Victim of Censorship, FCC Commissioner Says