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Palantir Technologies Could See Lower Contract Values in Q1, RBC Says

Palantir Technologies (PLTR) could see a decline in qualified contract value and net new annual contract value for the second consecutive quarter in Q1, even with the ongoing Middle East conflict, RBC Capital Markets said in a Tuesday note.RBC expected the conflict to serve as a near-term tailwind for the company's government business, but its government tracker indicated a potential decline in Palantir's contract values, according to the note.Meanwhile, concerns remain over the company's commercial business amid stiff competition in the sector, the investment firm noted.Palantir Technologies is set to release its Q1 results on May 4.RBC maintained its underperform rating and $90 price target on Palantir Technologies.Price: $137.06, Change: $-4.12, Percent Change: -2.92%

$PLTR

Wire61d ago

Market Chatter: United Airlines Wary of Pursuing Smaller Acquisitions Like JetBlue

United Airlines (UAL) Chief Executive Scott Kirby said that pursuing an acquisition of a smaller airline like JetBlue Airlines (JBLU) might not be worth the intensive effort required, The New York Times reported Wednesday.In an interview, Kirby told The Times that "doing a merger takes a lot of calories and a lot of energy, and it's about the same amount of calories and energy regardless of the size of the merger."The interview comes just days after Kirby raised the idea of a potential merger with American Airlines (AAL), but was rebuffed, according to the report.(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: $88.03, Change: $-2.38, Percent Change: -2.64%

$AAL$JBLU$UAL

Wire61d ago

HSBC Adjusts Coca-Cola Price Target to $90 From $84, Maintains Buy Rating

Coca-Cola (KO) has an average rating of overweight and mean price target of $85.95, according to analysts polled by FactSet.Price: $78.87, Change: $+0.52, Percent Change: +0.66%

$KO

Wire61d ago

Textron Keeps Quarterly Dividend at $0.02 a Share, Payable July 1 to Shareholders of Record as of June 12

$TXT

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Raymond James Adjusts Block Price Target to $82 From $79, Maintains Outperform Rating

$XYZ

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W.W. Grainger Raises Quarterly Dividend to $2.49 a Share, Payable June 1 to Shareholders of Record as of May 11

$GWW

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Baird Adjusts Tapestry Price Target to $165 From $160, Maintains Outperform Rating

Tapestry (TPR) has an average rating of overweight and mean price target of $166.41, according to analysts polled by FactSet.Price: $142.06, Change: $-1.78, Percent Change: -1.24%

$TPR

Wire61d ago

Bernstein Adjusts Price Target on Zimmer Biomet to $91 From $99, Maintains Market Perform Rating

Zimmer Biomet (ZBH) has an average rating of hold and mean price target of $98.24, 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://www..com/contact-us)Price: $80.21, Change: $-2.60, Percent Change: -3.13%

$ZBH

Wire61d ago

Wells Fargo Adjusts Price Target on Yum! Brands to $165 From $160, Maintains Equalweight Rating

Yum! Brands (YUM) has an average rating of overweight and mean price target of $173.26, 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: $160.16, Change: $+3.69, Percent Change: +2.36%

$YUM

Wire61d ago

General Motors Delivered Strong Q1 Results Despite Macroeconomic Headwinds, Wedbush Says

General Motors' (GM) Q1 results show that the company managed to start the year off strong despite facing macro headwinds, Wedbush said in a note Wednesday.The company's Q1 results saw a "slight top-line beat with a strong bottom-line beat" as it is still navigating a more challenging electric vehicle scenario, the note said, adding GM is moving to "higher-margin revenue streams to drive long-term cash flow generation."The company is also benefitting from the US Supreme Court ruling on tariffs, the note said.Wedbush highlighted the fact that GM's digital services segment is achieving incremental momentum with deferred revenue reaching $5.8 billion, an increase of more than 50% year on year, and recognized revenue of $750 million, up 20% year on year.The company keeps "adding more subscribers to its digital services revenue stream with a monthly average revenue per subscriber of ~$20," the note said.Meanwhile, the company said that the Iran war has increased its costs, but Wedbush believes that GM will be able to "navigate a more difficult macro backdrop by offsetting cost pressures through spend reduction across other areas of the business."Wedbush kept GM's outperform rating and $95 price target.Price: $76.25, Change: $-2.70, Percent Change: -3.42%

$GM

Wire61d ago

Canaccord Genuity Adjusts Price Target on Newmont to $160 From $150, Maintains Buy Rating

Newmont (NEM) has an average rating of overweight and mean price target of $147.42, 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: $107.23, Change: $-2.67, Percent Change: -2.43%

$NEM

Wire61d ago

American Water Works Raises Quarterly Dividend to $0.8950 a Share, Payable June 2 to Shareholders of Record May 12

$AWK

Wire61d ago

JetBlue, China Airlines Add Redemption Benefits Under Partnership

JetBlue Airways (JBLU) said Wednesday it has added TrueBlue point redemptions to its existing interline partnership with China Airlines, allowing customers to redeem their points for destinations across Asia.TrueBlue members can now redeem their points to book qualifying China Airlines flights directly on jetblue.com or through the JetBlue mobile app, the company said.China Airlines Dynasty Flyer members can also redeem their miles for qualifying flights across JetBlue's network, the company added.Price: $4.95, Change: $-0.05, Percent Change: -1.10%

$JBLU

Wire61d ago

United Airlines Wary of Pursuing Smaller Acquisitions Like JetBlue, The New York Times Reports

$JBLU$UAL

Wire61d ago

Mondelez Shows Improving Earnings Visibility, Morgan Stanley Says

Mondelez International (MDLZ) is showing good visibility to continued sequential improvement after delivering a strong Q1 EPS upside, Morgan Stanley said in a report Wednesday.The report said the firm posted "high-quality" EPS beat, with organic sales growth and gross margin exceeding expectations while providing a "conservative" outlook."We see good visibility to continued sequential improvement infundamentals, supported by underlying OSG momentum and the onset of cocoa cost deflation in 2H," the note said.The note said that should drive positive earnings revisions against consensus, while the share valuation remains attractive compared with its multinational peers."At the very least, we view FY26 as increasingly de-risked, whichshould allow the focus to shift more fully to FY27 earnings power, where visibility continues to improve toward a meaningful cocoa-driven margin and EPS inflection," the report said.Morgan Stanley raised its price target to $71 from $70 while reiterating its overweight rating.Price: $61.44, Change: $+2.90, Percent Change: +4.94%

$MDLZ

Wire61d ago

Roth Capital Partners Adjusts Price Target on Devon Energy to $57 From $50, Maintains Buy Rating

Devon Energy (DVN) has an average rating of overweight and mean price target of $59.36, 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: $50.15, Change: $+0.67, Percent Change: +1.34%

$DVN

Wire61d ago

Uber, Expedia Collaborate to Offer Hotel Booking Options

Uber Technologies (UBER) said Wednesday that it is collaborating with Expedia (EXPE), allowing users to book hotels directly through the Uber app.Under the partnership, Uber said its users in the US will eventually have access to more than 700,000 properties in destinations worldwide. The partnership is expected to expand beyond the US, it said.Uber One members will earn 10% back in Uber One credits on all hotel bookings, and will save at least 20% on a rolling list of over 10,000 hotels, the company said.Following an initial pilot, Uber rides will also be integrated into the Expedia app from June, the company said.Uber launched several other features on its app, covering travel, shopping, voice bookings, and food, the company said.Price: $73.87, Change: $-0.24, Percent Change: -0.33%

$EXPE$UBER

Wire61d ago

Cushman & Wakefield, Greystone Close $28.2 Million Sale, Financing for Tuscaloosa Multifamily Asset

Cushman & Wakefield (CWK) and Greystone said Wednesday they closed the sale and arranged $28.22 million in Freddie Mac financing for the acquisition of Landmark Apartments, a 264-unit multifamily property in Tuscaloosa, Alabama.The garden-style community was financed through a five-year loan with a 30-year amortization schedule, which includes an initial interest-only period before principal repayment begins, they added.Shares of Cushman & Wakefield were down 3.7% in Wednesday trading.Price: $13.96, Change: $-0.55, Percent Change: -3.76%

$CWK

Wire61d ago

Varonis Systems' AI Story Remains Undervalued, Wedbush Says

Varonis Systems' (VRNS) AI story remains undervalued as it advances to capture market opportunity amid rising demand from clients to secure their data and AI stacks, Wedbush Securities said in a note Wednesday.The Q1 beat was a "good step in the right direction" for the company, which remains a prime acquisition candidate given its robust market position, analysts wrote.The company is prioritizing AI-driven automation with the launch of cybersecurity platform Varonis Atlas after the acquisition of AllTrue.ai amid the need for end-to-end visibility and management of agent models, according to the note.Wedbush reiterated its outperform rating on the stock and boosted its price target to $37 per share from $35.Shares of Varonis were up more than 5% in Wednesday trading.Price: $26.77, Change: $+1.33, Percent Change: +5.23%

$VRNS

Wire61d ago

Top Midday Stories: Visa Shares Rise After Strong Q2 Earnings, $20 Billion Buyback Program; Robinhood Misses Q1 EPS, Revenue Targets

The Dow Jones Industrial Average and the S&P 500 Index were down, while the Nasdaq Composite was roughly flat in late-morning trading Wednesday amid an ongoing blockade of Iranian ports by the US and ahead of the Federal Reserve's decision on interest rates in the afternoon.The US Senate Banking Committee on Wednesday voted 13-11 to advance Kevin Warsh's nomination as the next Fed chair, according to media reports.In company news, Visa (V) reported fiscal Q2 adjusted earnings late Tuesday of $3.31 per diluted share, up from $2.76 a year earlier and above the FactSet consensus analyst estimate of $3.10. Fiscal Q2 revenue was $11.23 billion, up from $9.59 billion a year ago and above the FactSet consensus of $10.75 billion. Visa said its board authorized a new $20 billion multi-year share buyback program in April. The company also said it has expanded its Agentic Ready program to clients in the Asia Pacific and Latin America regions to prepare the payment sector for AI agent-led commerce. Visa shares were up 8.6% around midday.Robinhood Markets (HOOD) reported Q1 earnings late Tuesday of $0.38 per diluted share, up from $0.37 a year earlier but below the FactSet consensus of $0.39. First-quarter revenue was $1.07 billion, up from $927 million a year earlier but below the FactSet consensus of $1.14 billion. The company said its board updated its share buyback authorization to $1.5 billion in March. Robinhood shares were down 13.3%.KalVista Pharmaceuticals (KALV) and Chiesi Group said Wednesday they have entered into a definitive agreement through which Chiesi will acquire KalVista for $27 per share in cash, or about $1.9 billion. The deal is expected to close in Q3, they said. KalVista shares were up 38.9%.NXP Semiconductors (NXPI) reported Q1 non-GAAP earnings late Tuesday of $3.05 per diluted share, up from $2.64 a year earlier and above the FactSet consensus of $2.98. First-quarter revenue was 43.18 billion, up from $2.84 billion a year ago and above the FactSet consensus of $3.16 billion. For Q2, the company said it expects non-GAAP EPS of $3.29 to $3.72 on revenue of $3.35 billion to $3.55 billion. Analysts polled by FactSet expect $3.21 and $3.28 billion, respectively. NXP shares were up 23.7%.Seagate Technology (STX) reported fiscal Q3 non-GAAP earnings late Tuesday of $4.10 per diluted share, up from $1.90 a year earlier and above the FactSet consensus of $3.51. Fiscal Q3 revenue was $3.11 billion, up from $2.16 billion a year ago and above the FactSet consensus of $2.96 billion. For fiscal Q4, the company said it expects non-GAAP EPS of $5.00, plus or minus $0.20, above the FactSet consensus of $3.99. Fiscal Q4 revenue is expected to be $3.45 billion, plus or minus $100 million, above the FactSet consensus of $3.16 billion. Seagate shares were up 14.2%.Price: $336.58, Change: $+27.28, Percent Change: +8.82%

$HOOD$KALV$NXPI$STX$V

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Wire61d ago