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UBS Adjusts Price Target on Cognizant Technology Solutions to $55 From $60

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $72.13, 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: $50.47, Change: $-1.22, Percent Change: -2.35%

$CTSH

Wire54d ago

Deutsche Bank Adjusts Price Target on Corteva to $100 From $90

Corteva (CTVA) has an average rating of overweight and mean price target of $88.38, 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: $82.86, Change: $+1.72, Percent Change: +2.12%

$CTVA

Wire54d ago

Ecovyst Increases Term Loan to Support Calabrian Acquisition

Ecovyst (ECVT) said Monday it plans to issue a $100 million fungible term loan B add-on to support its proposed acquisition of the Calabrian sulfur dioxide and sulfur derivatives business from Ineos Enterprises.The acquisition is slated to close by the end of Q2, Ecovyst said, adding it will also use cash on hand for the deal.The add-on loan is expected to be co-terminus with Ecovyst's $397 million term loan B maturing June 2031, the company said.Shares of Ecovyst were about 1% higher in Monday trading.Price: $14.28, Change: $+0.14, Percent Change: +0.99%

$ECVT

Wire54d ago

Verizon Launches Cash Tender, Private Exchange Offers for Outstanding Debt

Verizon Communications (VZ) said Monday it started cash tender and private exchange offers for multiple series of outstanding notes.The telecom provider is proposing to buy back any amount of specific debt securities alongside up to $1.25 billion of targeted "Waterfall" notes, the company said.A concurrent exchange program permits qualified institutional buyers and international investors to trade 11 series of older unit debt for newly issued corporate notes, Verizon said.Investors must submit their notes by June 1 to qualify for early participation benefits, while the overall transactions are scheduled to expire on June 16, the company said.Price: $47.65, Change: $+0.43, Percent Change: +0.90%

$VZ

Wire54d ago

OpenAI Launches Deployment Company, Agrees to Acquire Tomoro

Microsoft-backed OpenAI is launching the OpenAI Deployment Company and has agreed to acquire Tomoro, an applied AI consulting and engineering firm, the company said Monday.The OpenAI Deployment Company is a new company dedicated to helping organizations build and deploy AI systems, with more than $4 billion in initial investment.The new company is majority-owned and controlled by OpenAI, with 19 investment firms, consultancies and system integrators as partners, led by TPG, OpenAI said.Tomoro's acquisition will add about 150 engineers and deployment specialists to the OpenAI Deployment Company, OpenAI said. Financial terms of Tomoro's acquisition were not disclosed.The purchase is expected to close in the coming months, OpenAI added.Price: $408.80, Change: $-6.26, Percent Change: -1.51%

$GS$MSFT$TPG

Wire54d ago

UGI Subsidiaries Launch Cash Tender Offers for Senior Notes due 2027, 2028

UGI (UGI) subsidiaries AmeriGas Partners and AmeriGas Finance have launched cash offers to purchase their outstanding 5.750% senior notes due 2027 and up to $175 million of their outstanding 9.375% senior notes due 2028, the company said Monday.Validly tendered 2027 notes will be eligible to receive $1,011.18 per $1,000 of the notes, with the offer expiring at 5 pm ET on May 15, the company said.Validly tendered 2028 notes will be eligible to receive $1,023.44 per $1,000 of the notes if tendered before or at the early tender deadline 5 pm ET on May 22, and $993.44 per $1,000 of notes if tendered afterwards, with the offer expiring at 5 pm on June 9, the company added.In a separate statement, the subsidiaries also plan to offer $500 million of senior notes due 2031 to qualified institutional buyers, UGI said.The subsidiaries intend to use the net proceeds, along with $300 million in cash previously received by AmeriGas Partners in connection with a UGI equity contribution and cash on hand, to repurchase their 2027 notes, to repurchase up to $175 million of their 2028 notes, and to repay $150 million in outstanding debt under the intercompany loan between AmeriGas Partners and UGI International, the company said.Price: $32.49, Change: $+0.15, Percent Change: +0.45%

$UGI

Wire54d ago

Deutsche Bank Adjusts Price Target on Fidelity National Information Services to $50 From $55

Fidelity National Information Services (FIS) has an average rating of overweight and mean price target of $59.10, 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: $42.46, Change: $-1.05, Percent Change: -2.41%

$FIS

Wire54d ago

UBS Adjusts W.W. Grainger Price Target to $1,350 From $1,190

W.W. Grainger (GWW) has an average rating of Hold and mean price target of $1,237.77, 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: $1226.71, Change: $-6.02, Percent Change: -0.49%

$GWW

Wire54d ago

Franklin Templeton, Corastone Launch Private Markets Model Portfolios

Franklin Resources' (BEN) Franklin Templeton and Corastone said Monday they launched private markets model portfolios designed to support financial advisers' access to private market investments through a managed portfolio structure.Financial terms were not provided.The companies said the portfolios use a single-subscription structure intended to lower minimum investment requirements and provide diversified exposure across private market assets.The new products combine Franklin Templeton's investment capabilities with Corastone's technology platform to support functions including subscriptions, portfolio administration, and rebalancing, according to the statement.Price: $31.04, Change: $-0.02, Percent Change: -0.05%

$BEN

Wire54d ago

UBS Adjusts WEC Energy Price Target to $124 From $125

WEC Energy Group Inc (WEC) has an average rating of overweight and mean price target of $125.50, 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: $112.29, Change: $+0.63, Percent Change: +0.56%

$WEC

Wire54d ago

UBS Adjusts Price Target on WillScot to $29 From $19, Maintains Neutral Rating

WillScot (WSC) has an average rating of overweight and mean price target of $27.30, 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: $28.00, Change: $-0.11, Percent Change: -0.37%

$WSC

Wire54d ago

UBS Adjusts Carter's Price Target to $41 From $40, Maintains Neutral Rating

Carter's (CRI) has an average rating of Hold and mean price target of $40.67, 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: $34.62, Change: $-0.71, Percent Change: -2.01%

$CRI

Wire54d ago

UBS Adjusts Shake Shack Price Target to $79 From $104, Maintains Neutral Rating

Shake Shack (SHAK) has an average rating of overweight and mean price target of $97.27, 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://www..com/contact-us)Price: $66.69, Change: $-3.45, Percent Change: -4.92%

$SHAK

Wire54d ago

UBS Adjusts Price Target on Affirm to $82 From $78, Maintains Neutral Rating

Affirm (AFRM) has an average rating of overweight and mean price target of $84.19, 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: $62.69, Change: $-1.32, Percent Change: -2.06%

$AFRM

Wire54d ago

UBS Adjusts Harley-Davidson Price Target to $26 From $19, Maintains Neutral Rating

Harley-Davidson (HOG) has an average rating of overweight and mean price target of $22.22, according to analysts polled by FactSet.Price: $26.48, Change: $+1.05, Percent Change: +4.13%

$HOG

Wire54d ago

Alpha Tau Says Complete Response in 2 Brain Cancer Patients Observed in Interim Trial of Radiation Treatment

Alpha Tau Medical (DRTS) said Monday it released interim data from a US clinical trial evaluating its radiation treatment in three patients with a recurrent form of brain cancer.Two participants achieved a complete response with the disappearance of tumor lesions, while the third showed a 30% reduction in tumor size, the company said.The safety review noted one serious adverse event involving a seizure and temporary paralysis that was subsequently resolved with steroids, it said.Shares of the company were up over 20% in Monday premarket activity.Price: $10.25, Change: $+1.74, Percent Change: +20.48%

$DRTS

Wire54d ago

Monday.com Q1 Non-GAAP Earnings, Revenue Rise; Lifts 2026 Revenue Guidance - Shares Up Pre-Bell

Monday.com (MNDY) reported Q1 adjusted earnings Monday of $1.15 per diluted share, up from $1.10 a year earlier.Analysts surveyed by FactSet expected $0.93.Revenue for the quarter ended March 31 was $351.3 million, up from $282.3 million a year earlier.Analysts expected revenue of $339.1 million.The company said it expects Q2 revenue of $354 million to $356 million. Analysts surveyed by FactSet expect $354.2 million.Meanwhile, the company raised its 2026 revenue to now be between $1.466 billion and $1.474 billion, compared with the prior guidance of between $1.45 billion and $1.46 billion. Analysts expect revenue of $1.46 billion.Shares of the company rose more than 24% in recent Monday pre-bell activity.Price: $89.51, Change: $+17.44, Percent Change: +24.20%

$MNDY

Wire54d ago

Moderna Shares Jump 8% After Company Flags Early Hantavirus Vaccine Work

Moderna (MRNA) shares rose over 7% in Monday's premarket after the company, as per Bloomberg, said it has been working on early-stage vaccines targeting hantaviruses.The vaccine maker said its research is still at an early stage and had begun before recent infections were reported aboard the Dutch-flagged Hondius, according to Bloomberg. The work is being carried out with the U.S. Army Medical Research Institute of Infectious Diseases and the Korea University College of Medicine, the report said.Moderna said its broader strategy includes preparing for emerging health threats using its mRNA platform, which can be adapted more quickly than conventional vaccine technologies, the report added.Price: $58.43, Change: $+4.08, Percent Change: +7.51%

$MRNA

Wire54d ago

Solstice Minerals Extends Nanadie Copper-Gold System in Western Australia; Shares Up 10%

Solstice Minerals (ASX:SLS) said a follow-up diamond drill hole at its wholly owned Nanadie copper-gold project in Western Australia has been completed to a final depth of 840.4 meters, ending in host geology at the limit of onsite rig capacity, according to a Monday Australian bourse filing.The company said extensive zones of visible chalcopyrite were observed throughout the hole, reinforcing the scale and continuity of the mineralized system, with mineralization intersected to at least 800 meters downhole and sulphide styles and concentrations broadly comparable to those in the previous hole.The drill hole extends the interpreted mineralized system to about 500 meters below the current 2022 mineral resource estimate (MRE) boundary, with geological logging and core processing continuing and first laboratory assay results expected in four to six weeks, the filing added.The company is also progressing a concurrent 10,000-meter phase 2 reverse circulation drill program with eight holes completed to date, with observed geology broadly consistent with previous reverse circulation drilling.The company's shares rose past 10% in recent Monday trade.

ASX:SLS

Wire54d ago

Commonwealth Bank of Australia Selects FIS Platform to Automate Reconciliation

Commonwealth Bank of Australia (ASX:CBA) selected FIS Data Integrity Manager, provided by New York Stock Exchange-listed FIS, to consolidate and automate reconciliation across the bank, according to a Monday statement from FIS.The platform, delivered as software-as-a-service via Microsoft Azure, is expected to process over 150 million transactions per day. Upgrades to the platform will be managed by FIS.It uses real-time visibility, with automated alerts for discrepancies, FIS said.The bank's shares fell 1% in recent trading on Monday.

ASX:CBA

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