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Vale's Voisey's Bay and Long Harbour Sites Represent 'Attractive' Growth Options, RBC Says

Vale's (VALE) Voisey's Bay and Long Harbour sites in Newfoundland and Labrador are "attractive" growth options for the company, RBC Capital Markets analysts said in a Monday note.Analysts said that operational turnaround is starting to bear fruit, and the underground transition is largely complete with throughput at nameplate capacity.RBC said that Voisey's Bay and Long Harbour strengthen Vale's investment case, noting the potential for longer-term rerating as their contribution to group EBITDA increases in the medium term.The sites carry a strategic advantage in the context of growing Western demand for resilient non-Chinese supply chains, analysts said.RBC has a sector perform rating and a $15 price target on the stock.Price: $16.29, Change: $+0.57, Percent Change: +3.66%

$VALE

Wire9d ago

Google to Invest $1.5 Billion in 2026-27 to Expand Data Center Campuses in Alabama

$GOOG$GOOGL

Wire9d ago

Jacobs Solutions Benefits From AI Buildout Across Multiple End Markets, RBC Says

Jacobs Solutions (J) is seeing robust demand across end-markets directly related to the AI buildout, which accounts for about 10% of revenue and is growing more than 35% year over year, creating a positive flywheel effect given its positioning across relevant sectors, RBC Capital Markets said in a Monday research report.Second-derivative AI tailwinds include the acceleration of drug discovery, where Jacobs is also witnessing steady demand, according to the note.The company's digital & Data team has quadrupled in about five years and continues to use engineering data to create tools that enhance efficiency at the enterprise level, ultimately freeing up resources for new projects, according to the note.RBC also pointed to Jacobs' role as engineering, procurement and construction management partner for the FUJIFILM Diosynth Biotechnologies facility in Holly Springs, North Carolina, saying the project underscores the company's positioning in the life sciences market and its ability to benefit from long-term demand trends.The firm has an outperform rating on the stock with a $169 price target.Price: $126.60, Change: $-0.41, Percent Change: -0.32%

Wire9d ago

Wedbush Raises Price Target on Spyre Therapeutics to $100 From $80, Maintains Outperform Rating

Spyre Therapeutics (SYRE) has an average rating of buy and mean price target of $96.07, 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: $81.49, Change: $+0.70, Percent Change: +0.87%

$SYRE

Wire9d ago

EPAM Systems' Weak Demand, AI Risks Limit Upside Potential, Wedbush Says

EPAM Systems (EPAM) faces a mixed outlook as weak North American demand, slower organic growth, AI-related pressure, contract changes and uncertain deal timing could limit near-term upside, Wedbush said in a note Monday.The investment firm said EPAM's 3.7% organic constant-currency growth in Q1 showed that its AI story has not yet translated into stronger underlying growth as North America remains a key concern because clients are delaying discretionary spending, while larger rivals have stronger US sales reach.EPAM's target of $600 million in AI-native revenue for fiscal 2026 requires continued growth through the rest of the year and about 10 large vendor-consolidation deals could add upside, but the timing is uncertain and they are not included in fiscal 2026 guidance, according to the note.Wedbush initiated coverage of EPAM with a neutral rating and a $99 price target, saying the company has strong software engineering experience but does not yet stand apart enough from rivals in AI and it would need to see stronger organic growth, better North American demand and clearer margin progress before taking a more positive view.Price: $93.62, Change: $-1.76, Percent Change: -1.85%

$EPAM

Wire9d ago

CSX Seen Having 'Meaningful' Efficiency Opportunity Over Medium Term, RBC Says

CSX (CSX) has a "meaningful" efficiency opportunity that could compound in the medium term, along with a volume growth pipeline, RBC Capital Markets said in a Monday note.Under new CEO Steve Angel, the company is implementing a cost transformation, moving to data-driven asset management and more effective use of existing infrastructure anticipated to drive gains in efficiency, RBC analysts said. They noted that CSX is targeting free cash flow above historical levels and prioritizing return on invested capital.On the commercial side, CSX is focusing on pricing supported by more industrial business development and truck-to-rail conversions, the analysts said. The company's more-than-100 industrial projects ramping across different industries and Howard Street Tunnel expansion position it well for sustained load growth, the analysts added.Regulations are tightening truck capacity, which should create incremental conversion opportunities for CSX, but yield improvement in domestic intermodal rail will take time to appear in the results, according to the note.RBC's rating on the company's stock is outperform with a price target of $47.Price: $46.85, Change: $-0.73, Percent Change: -1.52%

$CSX

Wire9d ago

Accenture Faces Pressure as AI Spending Crowds Out IT Services Budgets, Morgan Stanley Says

Accenture (ACN) is likely to face continued pressure from slower discretionary technology spending as enterprise artificial intelligence investments crowd out traditional IT services budgets, Morgan Stanley said in a note Monday.The investment firm said its Q1 CIO Survey points to just about 2% year-over-year growth in IT services spending in 2026, while overall IT budget growth remains largely unchanged amid increasing AI prioritization.Fiscal Q3 bookings could fall short of expectations, Morgan Stanley said, citing tougher comparisons and a "diminishing" benefit from managed-services contracts. Investor concerns have centered on weaker bookings, the risk of future estimate cuts and fears that AI-driven productivity gains could eventually weigh on demand for services firms, according to the note.The firm said Accenture remains well-positioned due to its scale, enterprise relationships and exposure to large transformation projects, but expressed increased caution over its acquisition strategy as AI-related assets become more expensive and investors question the revenue potential of increasingly "product-focused" deals.Morgan Stanley downgraded Accenture to equal-weight from overweight, and cut its price target to $177 from $240.Price: $169.98, Change: $-0.30, Percent Change: -0.18%

$ACN

Wire9d ago

Ascendis Pharma's Yorvipath Has Superior Profile Relative to Competitors, Wedbush Says

Ascendis Pharma's (ASND) Yorvipath hypoparathyroidism therapy maintains a superior clinical profile compared with competing programs, Wedbush analysts said in a Monday note.The company's 3.5-year data from the phase-3 PaTHway study and the 5-year data from the phase-2 PaTH Forward study of Yorvipath in hypoparathyroidism provide strong evidence for sustained clinical benefit from long-term treatment, analysts said.Wedbush said that both studies showed high retention rates, durable efficacy, and continued improvement in renal function with longer treatment.Quality of life improvement, which is now required by the FDA for approvals, is the strongest evidence for Yorvipath's efficacy, a key opinion leader said, according to analysts.Wedbush has an outperform rating and a $273 price target on the stock.Price: $223.74, Change: $+5.68, Percent Change: +2.60%

$ASND

Wire9d ago

Runway Growth Finance Profitability Expected to Disappoint, BofA Says

Runway Growth Finance's (RWAY) profitability is expected to continue disappointing, resulting in further erosion of net asset value per share and another dividend reset, BofA Securities said in a note Monday.Q1 results showed ongoing deterioration in earnings, rising non-accruals, and lower net asset value per share, highlighting the challenging operating backdrop for technology and software credit and the impact of large position sizes, according to the note.Improved sourcing and diversification from its BC Partners Credit affiliation and the SWK acquisition should help reduce concentration risk, though this is expected to take time to fully play out, the brokerage said.The investment firm cut its 2026 and 2027 core earnings per share forecast to $1.20 and $1.18 from $1.50 and $1.49, respectively, due to lower spread income amid a deteriorating credit environment. It expects the quarterly core dividend to reset to $0.28 from $0.33, effective Q1 2027, the note added.BofA downgraded Runway Growth to underperform from neutral and lowered the price target to $5.5 from $9.0.Price: $5.76, Change: $-0.28, Percent Change: -4.56%

$RWAY

Wire9d ago

Lincoln International Well Positioned in Private Capital Markets Amid Diversified Revenue Growth, Morgan Stanley Says

Lincoln International (LCLN) is positioned as a high-quality global investment bank with strong exposure to financial sponsor-led middle-market M&A and a growing presence in valuation and advisory services in private capital markets, Morgan Stanley said in a Sunday note.Repeat private equity sponsor relationships drive much of its advisory activity, supporting recurring revenue, while its valuations & opinions business also contributes steady income from private credit valuation demand, the analysts said.Lincoln's diversified revenue mix, with non-M&A businesses accounting for a rising share over the past decade, along with its expansion to more than 30 offices and strengthening position in sponsor-driven deal flow, was also highlighted in the report.The analysts expect improving private market activity, including a recovery in M&A volumes and growth in private credit, to support earnings momentum, driven by integration of recent hiring and acquisitions and backed by strong backlog and structural demand in private capital markets.Morgan Stanley initiated coverage of the stock with an equal weight rating and a price target of $27.Shares of Lincoln International were down 4.4% in Monday trading.Price: $23.75, Change: $-1.09, Percent Change: -4.39%

$LCLN

Wire9d ago

Ferrari's Brand Remains Intact, Poised to Benefit From K-Shaped Economy, Morgan Stanley Says

Ferrari's (RACE) brand remains intact, with residuals bottoming and wealth creation optionality in a K-shaped economy supporting a re-rating of the stock, Morgan Stanley said in a Monday research report.Brand risks appear overstated and the company's Luce electric vehicle risks are likely priced in, analysts wrote, adding that disciplined allocation can limit any brand damage while leaving option value with new customers.The initial de-rating was driven by concerns around hybrid residual values and the launch of Luce, but channel checks show the market has gone too far in labelling these factors as terminal brand risk, according to the note.Residual values were the top concern earlier, especially for hybrid models, but current trends imply that the negative residual cycle has mostly troughed, the brokerage stated.The brokerage said it upgraded the stock to overweight from equalweight and boosted its price target to $438 per share from $388.Price: $373.34, Change: $+18.43, Percent Change: +5.19%

$RACE

Wire9d ago

Forward Industries Offers to Acquire Solana, SkyAI; Solana Declines, No Response From SkyAI

Forward Industries (FWDI) said Monday it sent business combination proposals to Solana (HSDT) and SkyAI (SKYA), but Solana's board declined while SkyAI did not respond.Under its proposal to Solana, Forward said Solana stockholders would receive 0.386 newly issued shares of Forward common stock for each Solana share. Solana said on June 12 its board voted to decline and not engage in further talks, according to Forward.In its proposal to SkyAI, Forward offered to issue 0.367 shares for each SkyAI share. SkyAI's board did not respond by its June 12 expiration, Forward said.Solana and SkyAI did not immediately reply to a request for comment from.Shares of Forward were up more than 8% in Monday trading, and Solana and SkyAI shares added 14% and 11%, respectively.Price: $4.63, Change: $+0.35, Percent Change: +8.18%

$FWDI$HSDT$SKYA

Wire9d ago

Wix Integrates Website Creation Features Into Microsoft Copilot 365

Wix (WIX) said Monday it partnered with Microsoft (MSFT) to allow users to generate online pages directly within the Microsoft 365 Copilot software without context switching.Individuals can produce complete websites by submitting voice or text descriptions of their business objectives and design preferences to the artificial intelligence assistant, the company said.The collaboration also enables operators to track analytics, process payments, and modify product pricing without leaving the chat window, Wix said.The application is currently available for supported markets and lets administrators manage their online presence through either the Microsoft interface or the main site manager, it said.Shares of the company were up 1.2% in Monday trading.Price: $46.40, Change: $+0.49, Percent Change: +1.06%

$MSFT$WIX

Wire9d ago

Update: Market Chatter: Amazon CEO Raised Concerns About Anthropic Models Before Trump Export Restrictions

(Update with Amazon's response to a request for comment in the final paragraph.)Amazon (AMZN) Chief Executive Andy Jassy raised concerns to the Trump administration about security risks that Anthropic's most advanced models pose before the Trump administration imposed export restrictions on those models, The Information reported Saturday, citing two people familiar with the conversations.Amazon, which is one of Anthropic's biggest investors and vendors, helped set in motion the restrictions on Claude Mythos 5 and Fable 5 that were imposed late Friday night and suspended access to foreign nationals, the report said, citing the people.Anthropic said it disabled access to the models for all customers to comply."As a leading cloud provider that serves a large number of private and public sector customers, it's not uncommon for governments to seek our counsel on potential security risks," an Amazon spokesperson told. "When they occur, we don't share the details of these discussions."Anthropic did not 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: $246.17, Change: $+7.62, Percent Change: +3.19%

$AMZN

Wire9d ago

OwlTing, Credible Finance Form Cross-Border Payment Partnership

OwlTing, the operating brand of Obook (OWLS), said Monday it has signed a cross-border payment agreement with Credible Finance to open new financial corridors for each other's clients, starting with China.The deal adds a platform to OwlPay Harbor, its payment and settlement infrastructure, the firm said. Credible Finance is a US payment orchestration platform focusing on global payouts.Price: $5.84, Change: $+0.05, Percent Change: +0.86%

$OWLS

Wire9d ago

Huhutech International Secures $580,000 Contract to Install Vacuum Exhaust Pipeline Insulation Systems

Huhutech International (HUHU) said Monday that it received an 83 million yen ($580,000) contract to design, supply, and install vacuum exhaust pipeline insulation systems at a semiconductor manufacturer's facility in East Hiroshima, Japan.The project is a significant step in developing the company's insulation material platform, Huhutech said.Shares of the company were up 1.9% in Monday trading.Price: $9.00, Change: $+0.12, Percent Change: +1.35%

$HUHU

Wire9d ago

Wells Fargo Named Preferred Mortgage Lender for ICON

Wells Fargo (WFC) said Monday it has been named a preferred mortgage lender for ICON, expanding financing options for buyers of 3D-printed homes.Wells Fargo Home Mortgage will offer a 50-basis-point lender credit to qualified buyers who finance the purchase of an ICON home through the bank.The partnership aims to expand access to financing and support the adoption of 3D-printed construction as a potential solution to housing supply and affordability challenges.Price: $84.36, Change: $+0.63, Percent Change: +0.75%

$WFC

Wire9d ago

SharonAI Expands Partnership With VAST Data

SharonAI (SHAZ) said Monday it is launching an expanded partnership with VAST Data to deploy the VAST AI operating system across its AI cloud infrastructure.The project will make the VAST AI operating system the foundational data layer for Sharon AI's sovereign AI infrastructure to serve government, enterprise, research, and other clients in Australia and Asia Pacific, the company said.Financial details were not provided.SharonAI shares were up about 8% in early trading Monday.Price: $66.92, Change: $+4.60, Percent Change: +7.38%

$SHAZ

Wire9d ago

US Labor Board Rejects Amazon Appeal of Whole Foods Unionization

The request by Amazon's (AMZN) Whole Foods for a review of the January 2025 vote by workers at a Philadelphia store location to unionize was denied Monday by the US National Labor Relations Board."The Employer's Request for Review of the Regional Director's Decision and Certification of Representative is denied as it raises no substantial issues warranting review," the NLRB said. "The Employer's request for extraordinary relief is denied as moot."Amazon did not immediately reply to a request for comment from.Price: $246.45, Change: $+7.90, Percent Change: +3.31%

$AMZN

Wire9d ago

TransAlta's Coal-Fired Power Generation Facility Gets Additional 90-Day Federal Extension

TransAlta (TAC) confirmed Monday that its TransAlta Centralia Generation unit received a US Department of Energy order requiring Centralia Unit 2, a coal-fired power generation plant in Washington state, to remain available for operation through Sept. 13.US Secretary of Energy Chris Wright issued the emergency order on Friday, saying the directive aims to reduce the risk of electricity shortages and outages in the Western Electricity Coordinating Council's Northwest region.Centralia Unit 2 has a generating capacity of about 730 megawatts and was scheduled to cease operations at the end of 2025 under agreements tied to Washington state legislation, according to the order.TransAlta has previously announced plans to convert the unit to natural gas by 2028, Wright said in the order.The order follows earlier emergency directives that kept the unit available through June 14, according to the directive.TransAlta said Monday it will comply with the directive and continue working with the US Department of Energy and Washington state officials.Price: $13.39, Change: $-0.01, Percent Change: -0.07%

$TAC

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