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Autoliv's Q1 Beat Driven by Forex and China/India Performance Fuels 2026 Expectations, RBC Says

Autoliv's (ALV) strong Q1 beat, driven by foreign exchange movement and performance in China and India, gives the confidence to raise 2026 estimates, RBC Capital Markets said in a note emailed Monday.S&P Global lowered global production numbers and now forecasts a decline of 2% for light vehicle production, compared with Autoliv's unchanged forecast of a 1% decline which had previously embedded some caution, the brokerage said.The company expects its China/India performance to drive better than market LVP performance, but will face difficult China comps later in the year, so a similar outperformance as Q1 should not be expected, the brokerage added.Management also clarified that the section 232 revision on metals does not meaningfully impact Autoliv's tariff position, the note added.RBC said Autoliv is the best quality auto supplier in its coverage, given its market position and product offering versus competitors.The brokerage maintained an outperform rating on Autoliv and raised the price target to $138 from $137.Price: $120.49, Change: $+1.57, Percent Change: +1.32%

$ALV

Wire65d ago

Badger Meter Posts Underwhelming Q1 Miss Amid Revenue Air Pocket, RBC Says

Badger Meter (BMI) posted an "underwhelming" Q1 operating miss amid unfavorable project timing and a slower book-and-ship business, RBC Capital Markets said in a note emailed Monday.RBC noted that revenue dropped 9% year on year, which missed consensus estimates for 3% growth, while management decreased full-year organic outlook from below its long-term high single digit percent target to flat year on year, and Q2 is seen declining.The phasing out of four large Advanced Metering Infrastructure, or AMI, deployments coincided with a backlog of nine projects that will not ship until the second half, which created a "revenue air pocket" in the first half that is masking long-term strength, the note said.The investment firm said, however, that "seven of [the] nine large projects in backlog represent share gains, with customers moving from competitor products to Badger's cellular AMI."RBC lowered its 2026 EPS estimate by $0.45 to $4.65. It kept its outperform rating on Badger Meter but cut the company's price target to $169 from $197.Price: $116.51, Change: $+0.97, Percent Change: +0.84%

$BMI

Wire65d ago

Truist Securities Raises Price Target on Academy Sports and Outdoors to $54 From $52, Maintains Hold Rating

Academy Sports and Outdoors (ASO) has an average rating of overweight and mean price target of $60.17, 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: $57.84, Change: $-0.79, Percent Change: -1.35%

$ASO

Wire65d ago

State Street Positioned for Strong Capital Activity in 2026, 2027, RBC Says

State Street (STT) is positioned for strong capital return activity in 2026 and 2027 given its robust capital levels and pipeline of new business, RBC Capital Markets said in a Friday note.The company "continues to win new mandates for its products and services," with a business model that continues to yield strong profits as shown by its 20% return on tangible common equity in Q1, RBC said. State Street also achieved new records for revenue and assets under management in Q1, the brokerage noted.State Street reported Q1 earnings Friday of $2.49 per diluted share, compared with $2.04 a year earlier, as revenue increased to $3.80 billion from $3.28 billion. According to RBC, the company raised its 2026 outlook across all key financial metrics to reflect the Q1 results and ongoing organic momentum.RBC also raised its 2026 and 2027 EPS estimates for the company, now expecting $12.20 in 2026 EPS from $11.85 and $13.30 in 2027 EPS from $13.05.RBC lifted its price target on State Street to $155 from $135, with a sector perform rating.Price: $149.11, Change: $+3.67, Percent Change: +2.53%

$STT

Wire65d ago

Regions Financial's Fundamentals Remain Robust, RBC Says

Regions Financial's (RF) fundamentals remain robust with Q1 earnings growth validating that the company is delivering on its growth roadmap, RBC Capital Markets said in a Friday research report.The company's return on tangible common equity growth momentum is likely to continue into 2026 and 2027, with the brokerage reiterating its EPS guidance of $2.60 and $2.85, respectively.Regions' active interest-rate risk management program is contributing to its profitability, and the company remains well-capitalized with a common equity tier 1 ratio of 10.7%, analysts wrote.Balance sheet strength during the quarter was driven by loan growth, led by utilities, manufacturing, and health care, while robust cost management drove improvement across most expense categories, according to the note.The brokerage reiterated its outperform rating on the stock and boosted its price target to $31 per share from $29.Price: $28.31, Change: $+0.18, Percent Change: +0.62%

$RF

Wire65d ago

Yum! Brands Expected to Deliver 'Low-Controversy' Q1, RBC Says

Yum! Brands (YUM) is expected to report a "relatively low-controversy" Q1, RBC Capital Markets said Sunday in a report.The Taco Bell US business likely continued to outperform compared with the broader quick-service category, with buy-side same-store sales expectations at least a few hundred basis points above the sell-side's 4.9% estimate, the report said.For KFC International, a key focus in the earnings call will be any impact on international demand from higher fuel prices due to the conflict in the Middle East, the report said.RBC said it doesn't expect a "meaningful" update on Pizza Hut's strategic review with the bidding process likely still underway.RBC maintained its sector perform rating on Yum! stock with a $165 price target.Q1 results are due April 29.Price: $162.74, Change: $-0.05, Percent Change: -0.03%

$YUM

Wire65d ago

Cosmos Health Completes Phase 1 Execution of Liv18 Ahead of Schedule

Cosmos Health (COSM) said Monday that it has completed the first phase execution of its Liv18 liver health supplement ahead of schedule.Production of Liv18 is expected to commence this month, with initial market rollout to follow shortly thereafter, the company said.Cosmos said that based on planned investments in advertising, customer acquisition, and business development, along with early US commercial traction from its other products, Liv18 is expected to generate over $5 million in annual revenue, with gross margins of about 75%.Shares of the company were down more than 6% in Monday's trading.Price: $0.38, Change: $-0.03, Percent Change: -6.47%

$COSM

Wire65d ago

Lithium Americas Faces Key Year at Thacker Pass, Wedbush Says

Lithium Americas (LAC) is facing a defining execution year at Thacker Pass, which has evolved from a mining development project into a national security asset, Wedbush Securities said in a Monday note."We see FY26 as a key year for the Thacker Pass buildout with the favorable geopolitical backdrop for domestic lithium production," the report said.The note said construction momentum is building at the project and is fully funded through first production. It said Thacker Pass is underpinned among others by the world's largest known measured lithium resource, a $2.23 billion Department of Energy loan, and a GM joint venture with a 20-year offtake deal.Wedbush kept its neutral rating and $8 price target, saying that execution risk remains the primary overhang.Price: $5.06, Change: $+0.22, Percent Change: +4.44%

$GM$LAC

Wire65d ago

Massimo Names Quenton Petersen as CEO

Massimo (MAMO) said Monday that Quenton Petersen has been named chief executive officer, effective immediately.Petersen succeeds David Shan, who will transition to the role of executive chairman, according to a statement.Price: $1.15, Change: $-0.08, Percent Change: -6.50%

$MAMO

Wire65d ago

Morgan Stanley Raises Price Target on Regency Centers to $88 From $85, Maintains Overweight Rating

Regency Centers (REG) has an average rating of overweight and mean price target of $82.35, 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: $81.37, Change: $+0.43, Percent Change: +0.54%

$REG

Wire65d ago

Wedbush Lifts Price Target on Nektar Therapeutics to $95 From $70, Maintains Neutral Rating

Nektar Therapeutics (NKTR) has an average rating of buy and mean price target of $130.62, 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: $104.82, Change: $+19.96, Percent Change: +23.52%

$NKTR

Wire65d ago

UBS Adjusts Price Target on Revolution Medicines to $175 From $145, Maintains Buy Rating

Revolution Medicines (RVMD) has an average rating of buy and mean price target of $165.60, 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: $149.80, Change: $+1.16, Percent Change: +0.78%

$RVMD

Wire65d ago

UBS Adjusts Abbott Laboratories Price Target to $135 From $158, Maintains Buy Rating

Abbott Laboratories (ABT) has an average rating of overweight and mean price target of $120.48, 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: $96.95, Change: $+0.13, Percent Change: +0.14%

$ABT

Wire65d ago

Intel to Beat Near-Term Estimates But Shares Look Ahead of Fundamentals, Wedbush Says

Intel (INTC) could beat Q1 estimates and at least meet, or guide above, Q2 forecasts as CPU demand stays firm and interest in packaging and foundry work builds, but the stock is already overvalued, Wedbush said in a note Monday.Recent positive sentiment has come from expected EMIB packaging wins, possible 18A foundry progress and stronger CPU demand linked to AI inference needs, the investment firm said.Intel's Q1 guidance looked cautious, especially on margins, but stronger server compute demand and price increases should support results coming in modestly above expectations, and momentum could carry into Q2, which may give Intel room to issue better guidance than current Wall Street forecasts, Wedbush said.The current valuation looks hard to support because Intel's process technology still needs to prove it can compete, as demand for PC compute may weaken over the next few quarters.Wedbush kept its neutral rating and $30 price target for Intel, adding that server CPUs do not appear to be the main supply limit for the industry; however, memory and other parts remain tighter, which also tempers the long-term upside case.Price: $65.67, Change: $-2.83, Percent Change: -4.13%

$INTC

Wire65d ago

Market Chatter: DOJ Antitrust Division Criminally Probing Beef Companies

The US Department of Justice's Antitrust Division is criminally investigating large meatpacking companies after President Donald Trump in November accused the firms of manipulating prices, The Wall Street Journal reported Monday, citing people familiar with the matter.The DOJ didn't immediately reply to a request for comment from.(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: $64.71, Change: $-0.11, Percent Change: -0.17%

$HRL$PPC$TSN

Wire65d ago

DOJ Antitrust Division Probing Beef Companies Over Alleged Price Manipulation, The WSJ Reports

$HRL$PPC$TSN

Wire65d ago

MP Materials Becomes Stable Asset With US Government Backing, Multi-Year Contracts, Wedbush Says

MP Materials (MP) has raised its status from a speculative commodity investment subject to Chinese prices to a stable, US-backed asset with downside protection and contracts for years of growing demand, Wedbush said in a Monday note.The company has emerged as America's "rare earth national champion" with its ownership of Mountain Pass Mine in California, Wedbush analysts said.With China controlling about 60% of global mining and 90% of downstream processing and magnet manufacturing, supply independence for the critical materials become top priority amid tensions between the two superpowers, the analysts said.US government support, including a $400 million equity investment from the Department of Defense, a guaranteed 10-year price floor for Neodymium-praseodymium oxide, and guaranteed purchases of magnets, is expected to protect MP Materials against price crashes and Chinese oversupply risks, according to the note.Aside from the agency, Apple (AAPL) and General Motors (GM) are set to provide a steady stream of orders, and its facility in Northlake, Texas, is expected to be commissioned in 2028, the note said.These factors make MP Materials a "uniquely derisked" investment opportunity, the analysts said.Wedbush initiated coverage of the company's stock with a rating of outperform and a price target of $90.Price: $64.08, Change: $+3.09, Percent Change: +5.07%

$AAPL$GM$MP

Wire65d ago

APA to Deliver Solid Q1 on Permian Strength and Egypt Output, RBC Says

APA (APA) is expected to deliver solid operational execution across its Permian Basin and Egypt assets in Q1, supported by stronger gas marketing results and disciplined capital spending, RBC Capital said in a Friday quarterly preview note.According to the report, stronger liquefied natural gas pricing and Permian firm transportation agreements are expected to boost gas marketing gains, offsetting weaker regional prices, with RBC estimating about $353 million in free cash flow, broadly in line on earnings.RBC noted that APA is likely to maintain a steady capital program despite higher oil prices, focusing on operational consistency and free cash flow generation, while continuing cost optimization efforts beyond the $350 million already achieved.Shareholder returns are expected to be weighted toward buybacks later in 2026, with near-term repurchases subdued as APA prioritizes balance sheet strength, while still targeting around 60% of free cash flow returned over time.RBC maintained its sector perform rating on the stock with a $45 price target.Shares of APA were up 1.7% in Monday trading.Price: $36.32, Change: $+0.58, Percent Change: +1.62%

$APA

Wire65d ago

Update: Market Chatter: Google Assembles Strike Team to Boost AI Coding Models

(Update with Google's response to a request for comment.)Alphabet's (GOOG, GOOGL) Google has built a strike team of engineers and researchers to enhance its artificial intelligence coding models, The Information reported Monday, citing three people with direct knowledge of the situation."We've seen tremendous adoption of our internal coding tools such as Antigravity and others since introducing them over recent years, and their use has been turbocharging our model and AI tooling development - we're really focused here. More to come," a Google spokesperson said via email to.(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: $334.98, Change: $-4.42, Percent Change: -1.30%

$GOOG$GOOGL

Wire65d ago

Twilio Likely to Beat Q1 Estimates on 'Steady' Sales Execution, AI Demand, Oppenheimer Says

Twilio (TWLO) is expected to report "solid" Q1 results, with revenue and earnings likely exceeding consensus estimates by 3% to 4% driven by "steady" sales execution and strong demand for artificial intelligence-powered products, Oppenheimer said in a note Monday.Checks indicate stable or improving net expansion rate of about 109%, strong engagement with independent software vendors, and continued momentum in voice AI, which grew more than 60% year over year in Q4, the brokerage said.Rising application-to-person messaging fees from carriers, including T-Mobile US (TMUS) and AT&T (T), are expected to have "no material disruption," with the company managing its gross profit dollars while potentially offsetting margin pressure, according to the note.Twilio's full-year 2026 revenue growth guidance of 11.5% to 12.5% is "conservative," with opportunities from cross-selling, multi-product adoption and expanding AI offerings, the brokerage said.Oppenheimer maintained an outperform rating on Twilio with a price target of $170.Price: $142.24, Change: $+2.13, Percent Change: +1.52%

$T$TMUS$TWLO

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