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Corning Seen More Likely to Achieve Higher Sales Growth Over Long Term, UBS Says

Corning's (GLW) is seen more likely to achieve higher sales growth and profit margin gains with a stronger long-term growth outlook, UBS said in a Tuesday note.Investor expectations on pricing and margins may have gotten too high, which led to the company's recent stock decline of 9%, UBS analysts said.The company's Q2 guidance matched UBS's expectations, excluding solar maintenance impacts, and the analysts said they boosted their estimated 2027 and 2029 sales based on their higher conviction for growth. Profit margins continue to rise as the company posts 40% to 50% incremental margins in its optical segment, although there may be some short-term volatility as capacity comes online, according to the note.Over the next three years, the analysts project compound annual growth rate of 17% for sales and 32% for EPS. Their updated 2028 estimates include around $26 billion for sales and $5.80 for EPS.UBS maintained the company's stock rating at buy and raised the price target to $179 from $171.Price: $149.59, Change: $-3.46, Percent Change: -2.26%

$GLW

Wire104d ago

Market Chatter: Apple Plans AI Push With Siri Camera Mode in iOS 27

Apple (AAPL) is planning to integrate artificial intelligence more deeply into the iPhone's camera app by introducing a new Siri mode in its upcoming iOS 27 update, Bloomberg reported Wednesday, citing people familiar with the matter.The company's visual intelligence tool, which is currently linked to the camera control button, is expected to be embedded directly into the camera app, according to the report.The changes are expected to be launched at Apple's Worldwide Developers Conference in June, the media outlet reported.Apple did not immediately respond to' request for comment.(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: $270.01, Change: $-0.70, Percent Change: -0.26%

$AAPL

Wire104d ago

Zimmer Biomet Supported by Sales Force Improvements, 2026 Upside Potential, RBC Says

Zimmer Biomet's (ZBH) sales force productivity improvements, stable end markets and continued focus on buybacks remain supportive, though the quarter was weighed by transition-related execution and guidance concerns, RBC Capital Markets said.The company is undergoing go-to-market model adjustments in the US, shifts in emerging markets, aggressive investments in innovation and significant talent and sales force changes. Management categorized 2026 as a "year of transition" and held off on raising full-year revenue guidance despite a "strong" Q1, the brokerage said Tuesday in a note.RBC believes the recent 10% stock decline reflects a lack of core business beat and raise. It also points to concerns over earnings quality, given that most of the EPS beat was driven by a tariff refund. In addition, unchanged revenue guidance implies lower numbers in Q2 to Q4.The firm said the market is also focused on 2027 margin and EPS growth, especially given this year's tariff refund benefit. 2026 guidance has room for a beat and raise, driven by US sales force transition benefits, new product launches and organic growth contribution from Paragon 28 starting in Q2.RBC models 2026 sales of $8.56 billion, near the top end of Zimmer's 1% to 3% growth guidance. It also expects EPS of $8.48, implying 3.5% growth, impacted by acquisition-related dilution and the tariff benefit this year.RBC maintained an outperform rating on Zimmer Biomet with a price target of $101.Shares of Zimmer were down 2.5% in Wednesday trading.Price: $80.76, Change: $-2.04, Percent Change: -2.46%

$ZBH

Wire104d ago

Sysco Extends Q3 Momentum, Calms Restaurant Depot Concerns, UBS Says

Sysco's (SYY) momentum in fiscal Q3 remained intact as the company pushed back on concerns that its pending Jetro Restaurant Depot acquisition would require a costly overhaul, UBS Securities said Wednesday in a report.UBS said Sysco continued to post steady operational gains in the period, including its strongest US growth in case shipments to independent restaurants since Q3 2023. Questions around Restaurant Depot's condition may linger, though Sysco's third-party inspections of more than 160 stores helped ease investor concerns, the report said.International results also improved, and UBS expects that business to keep benefiting from supply-chain and private-label investments. Still, higher energy costs in Europe could pressure consumers if the Middle East conflict drags on, the report said.UBS maintained its buy rating on Sysco stock with a price target of $90.Price: $73.79, Change: $+0.42, Percent Change: +0.57%

$SYY

Wire104d ago

On Holding Likely to Post Q1 Sales Beat on Solid Trends, UBS Says

On Holding (ONON) is likely to post Q1 sales growth beat and raise its 2026 guidance on solid topline trends, UBS said in a Wednesday research report. The company is due to release Q1 results on May 12.The sentiment around the stock appears bearish amid the recent CEO change as well as high oil prices weighing much more on its margin guidance than expected, analysts wrote.Channel checks indicated that the company's Q1 digital trends were solid with total and unique global visits to its site rising 20% and 21%, respectively, while European Union spend likely grew 35%, according to the note.For Q1, UBS expects sales growth of 15.4%, but forex remains a material headwind, according to the note. For 2026, the brokerage said it expects the company to raise its sales growth guidance by 100 basis points.The brokerage maintained its buy rating on the stock and price target of $85 per share.Price: $34.95, Change: $-0.48, Percent Change: -1.35%

$ONON

Wire104d ago

Kimberly-Clark Shows Steady Performance Amid Volatile Macros, RBC Says

Kimberly-Clark (KMB) showed a steady Q1 performance amid volatile macros and Kenvue (KVUE) acquisition, RBC Capital Markets said in a note on Wednesday.The report said the company topped organic sales and earnings per share expectations in the quarter."Share performance in the US and internationally signals strong fundamentals and that ongoing M&A activity (Suzano JV and KVUE acquisition) is not impacting execution," the note said.Guidance was largely reiterated, and the firm pointed to potential inflation in H2 on rising oil prices, the note said, adding that new guidance will be issued if the Kenvue deal closes in H2."We continue to see more upside than downside to KMB," it said. RBC kept its outperform rating with a $162 price target.Price: $96.96, Change: $-1.48, Percent Change: -1.50%

$KMB$KVUE

Wire104d ago

Pentair Stock Decline on Potential Inventory Destocking 'Overdone,' RBC Says

Pentair (PNR) shares fell 10% following the company's Q1 earnings report on Tuesday but the sell off, tied to warnings of a potential inventory destocking, was "overdone," RBC Capital Markets said.During the company's earnings call, Pentair disclosed expectations for its Pool channel partners to execute an inventory reduction in Q2 and Q3, which stems from a lowered industry volume forecast, especially for high-end discretionary products, the RBC analysts said. Pentair explained that recent price actions had prompted distributors to stock up, the analysts said.The stock price decline was also driven by H2-weighted guidance and concerns over residential and consumer spending, according to the note.However, Pentair continues its strong execution on productivity initiatives, margin improvement, and new product introductions, fueling a streak of 16 consecutive quarters of margin expansion, the analysts noted. They said that they have not observed any execution issues or missteps.RBC maintained the company's stock rating at outperform and lowered the price target to $101 from $107.Price: $81.36, Change: $-1.50, Percent Change: -1.81%

$PNR

Wire104d ago

Newell Brands Near Bottom in Q1, but Risks, Other Negative Factors Remain, RBC Says

Newell Brands (NWL) could see Q1 as the low point of the year, with sales expected to improve from Q2, but consumer weakness, higher input costs, and Middle East risks keep the near-term outlook unclear, RBC Capital Markets said in a note Wednesday.Q1 results should be close to company guidance and market estimates because the quarter's pressure is already well understood, but the investment firm said it expects management to keep full-year guidance unchanged, while signaling that demand should improve as shelf resets, new products, and distribution gains help later quarters.RBC said small appliances and general merchandise remain under pressure, while younger consumers and value-focused shoppers appear more sensitive to the economy, as tracked channel sales are down about 2%, with pricing becoming less negative but volumes weakening from the previous period.Higher commodity, transport, and sourcing costs from Middle East disruptions could pressure margins, though Newell's supply chain improvements and savings efforts may soften some of the impact, according to the note.RBC kept the company's sector perform rating and $4 price target.Price: $3.90, Change: $-0.11, Percent Change: -2.74%

$NWL

Wire104d ago

Top Midday Gainers

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.Shares surged 39% as intraday trading volume rose to over 48.2 million, from a daily average of roughly 984,000.Silicon Motion Technology (SIMO) reported a year-over-year surge in Q1 non-GAAP earnings and sales late Tuesday, beating market expectations.Shares soared 31% as intraday trading volume jumped to over 2.66 million from a daily average of about 623,000.Bloom Energy (BE) reported Q1 adjusted earnings late Tuesday of $0.44 per diluted share, up from $0.03 a year earlier. Analysts polled by FactSet expected $0.12. The company's revenue also handily beat the analysts' forecast.Shares jumped 22% as intraday trading volume surged to over 13.8 million from a daily average of about 10.8 million.Price: $26.71, Change: $+7.47, Percent Change: +38.80%

$BE$KALV$SIMO

Wire104d ago

General Dynamics Raises Full-Year Earnings Outlook After First-Quarter Beat; Shares Jump

General Dynamics (GD) increased its full-year earnings outlook after reporting fiscal first-quarter results above Wall Street's estimates, sending the company's shares surging Wednesday.The aerospace and defense company now projects earnings at $16.45 to $16.55 a share for fiscal 2026, up from its previous guidance range of $16.10 to $16.20, President Danny Deep said on an earnings conference call, according to a FactSet transcript. The current consensus on FactSet is for $16.30."Given our strong start, we thought it would be prudent to revise our EPS guidance to reflect our performance thus far," Deep told analysts. "Looking at the year from a quarterly perspective, the first and fourth quarters would represent the high points, favoring the fourth quarter."EPS climbed to $4.10 for the quarter through April 5 from $3.66 a year earlier, topping the Street's view for $3.68. Revenue improved 10% to $13.48 billion, exceeding the average analyst estimate on FactSet of $12.70 billion.General Dynamics' shares were up 11% in Wednesday afternoon trade. The stock has increased 2.9% so far this year.Marine systems business revenue jumped 21% year over year to $4.34 billion in the quarter, while the aerospace division saw an 8.4% gain. Sales in the combat systems and technologies units rose more than 4% each.Orders amounted to $26.6 billion in the quarter on a companywide basis, while total estimated contract value -- the sum of all backlog components -- was $188.4 billion at the end of the quarter. The company said this includes backlog of $130.8 billion.However, General Dynamics saw numerous transactions slow down at the end of the quarter as a result of the conflict in the Middle East, Deep told analysts."We were having a spectacular quarter from an order standpoint across the board here in the US, as well as the Middle East," Deep said. "As the conflict started to take form, we saw some slowing in order intake in the Middle East."Last week, Lockheed Martin (LMT) reported first-quarter results that missed the Street's views, while fellow aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) delivered beats.Price: $347.32, Change: $+33.64, Percent Change: +10.72%

$GD$LMT$NOC$RTX

Wire104d ago

DA Davidson Cuts Domino's Pizza Price Target to $423 From $436, Maintains Buy Rating

Domino's Pizza (DPZ) has an average rating of overweight and mean price target of $422.03, according to analysts polled by FactSet.Price: $330.00, Change: $-10.46, Percent Change: -3.07%

$DPZ

Wire104d ago

Wells Fargo Adjusts Stanley Black & Decker Price Target to $80 From $75, Maintains Equal Weight Rating

Stanley Black & Decker (SWK) has an average rating of hold and mean price target of $86.85, according to analysts polled by FactSet.Price: $75.04, Change: $-3.30, Percent Change: -4.21%

$SWK

Wire104d ago

BTIG Cuts Price Target on GE Healthcare Technologies to $80 From $85, Maintains Buy Rating

GE Healthcare Technologies (GEHC) has an average rating of overweight and mean price target of $90.12, 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://finwires.com/en/contact)Price: $60.25, Change: $-8.26, Percent Change: -12.05%

$GEHC

Wire104d ago

Wedbush Raises Marcus Price Target to $23 From $22, Maintains Outperform Rating

Marcus (MCS) has an average rating of buy and mean price target of $24, according to analysts polled by FactSet.Price: $18.93, Change: $-0.30, Percent Change: -1.56%

$MCS

Wire104d ago

Ollie's Bargain Outlet's Relative Comp Softness in Q1 Likely due to Weather, RBC Says

Ollie's Bargain Outlet's (OLLI) relative comp softness in Q1 is due to weather as merchandise quality appears consistent alongside improving transaction data trend at April-end, RBC Capital Markets said in a Wednesday research report.There's historically been volatility to Q1 comp, given spring timing and as some consumers have a tendency to pull back on spending after holidays, analysts wrote.RBC now expects Q1 comps growth of 2% from 3.5% earlier and adjusted EPS of $0.88 from $0.93 prior. However, it maintained its Q2 comp growth estimate of 2% and adjusted EPS of $1.16 as softer Q1 trends should drive sales into Q2, according to the note.The stock is down double-digit percentages from its mid-2025 peak due to fears around lapping a near ideal closeout environment, partly driven by the Big Lots bankruptcy, RBC stated.The brokerage reiterated its outperform rating on the stock and adjusted its price target to $153 per share from $155.Price: $85.51, Change: $-3.21, Percent Change: -3.62%

$OLLI

Wire104d ago

Booking Holdings Middle East Impact Seen Easing From March Levels, RBC Says

Booking Holdings' (BKNG) Middle East impact appears to have peaked in March, with RBC Capital Markets saying that the hit was likely the worst of it, though near-term guidance remains pressured.The brokerage said in a Wednesday note that the travel disruption in the Middle East and adjacent regions drove a slightly larger-than-expected cut to guidance due to elevated cancellations and weaker bookings weighed on March performance.RBC noted that management maintained its focus on product execution, marketing efficiency and long-term targets despite the near-term softness.The firm said Q1 showed mixed trends. The strength outside the Middle East was offset by regional weakness, while AI-driven efficiency gains and marketing leverage ex-ME remained supportive. The brokerage lowered its 2026 gross bookings and revenue estimates by 1.2% and 2.5%, respectively.RBC has an outperform rating on the stock and lowered its price target to $220 from $244.Price: $172.29, Change: $-1.03, Percent Change: -0.59%

$BKNG

Wire104d ago

Bloom Energy Fuel Cell Demand Driven by Time to Power, Grid Constraints, Water Scarcity, RBC Says

Bloom Energy (BE) is seeing strong demand for its fuel cell solutions given the time to power, grid constraints, water scarcity, and community air-quality concerns linked to alternative solutions, RBC Capital Markets said Wednesday.Amid accelerating demand, Bloom Energy is scaling capacity to 5 gigawatts from 2 gigawatts, with a recent air permit indicating it has the regulatory approval to start scaling its California facility, according to the note.RBC estimates equipment backlog at over $15 billion. If orders remain consistent with previous commentary, then demand could exceed 2 GW in 2027 and double to more than 4 GW in 2028, the brokerage said.RBC maintained an outperform rating on Bloom Energy and raised the price target to $335 from $143.Shares of the company rose 21% in Wednesday trading.Price: $278.74, Change: $+52.37, Percent Change: +23.13%

$BE

Wire104d ago

Starbucks Faces Margin Risks Despite Strong Start, RBC says

Starbucks (SBUX) is likely to face continued margin pressure in the second half of the year, despite a strong Q1 performance, according to RBC Capital Markets.RBC said that in its view "questions around the durability of comps and the path of margin improvement beyond FY26/ FY27 remain, which were key pillars to our March downgrade thesis, which remains unchanged."The brokerage flagged North America margins as a key area of concern, noting cost pressures from inflation, food mix and higher waste tied to new menu items could continue and weigh on profitability.RBC maintained its sector perform rating and raised price target to $110 from $105.Price: $106.49, Change: $+9.21, Percent Change: +9.47%

$SBUX

Wire104d ago

Colgate-Palmolive Set to Report In-line Q1, Reaffirm Guidance Amid Cost Headwinds, RBC Says

Colgate-Palmolive (CL) is expected to deliver an in-line Q1 and maintain its full-year guidance, though results may trend toward the lower end due to slower category growth and cost pressures, RBC Capital Markets said in a note Wednesday.The US market remains challenging, with weak category demand and some recent toothpaste share losses, although management expects improvement in Q2 and Q3, supported by new products like Optic White and better shelf placement for Max White, while emerging markets are expected to lead growth, analysts said.Inventory levels are tighter, but management didn't call it "true destocking" and expects shipments to run slightly below consumption, while projecting raw material inflation to ease in 2026 versus 2025, though high resin costs remain a risk, according to the note.Colgate-Palmolive's wide guidance range at the start of the year to reflect a weak consumer environment and a range of outcomes "better insulates" the company, analysts said. "We ultimately believe Colgate can reiterate guidance ranges but see downward pressure within the ranges," they said, adding that the biggest risks are in the US, Africa and Eurasia, and parts of Asia Pacific, with rising costs also expected to pressure margins.The company is expected to report Q1 financial results on Friday.RBC Capital Markets has an outperform rating and a $102 price target on Colgate-Palmolive.Price: $84.81, Change: $-0.86, Percent Change: -1.00%

$CL

Wire104d ago

Planet Fitness Enters Q1 Earnings Under Pressure Amid Weak Trends, Macro Uncertainty, RBC Says

Planet Fitness (PLNT) is heading into its Q1 earnings report under pressure, amid weaker membership trends, macro uncertainty and an ongoing leadership transition, RBC Capital Markets said in a report emailed Wednesday.RBC said it expects Q1 net member additions to come in at about 680,000, below the 790,000 consensus, citing "click-to-cancel" churn and soft app download data. Same-store sales are also expected to miss earlier estimates, though revenue and earnings before interest, taxes, depreciation, and amortization are likely to come in largely in line due to equipment-related upside, RBC said.Uncertainty remains elevated due to the lack of a permanent chief financial officer and potential 2026 guidance cuts amid weaker consumer sentiment, with macro volatility and extended promotions signaling a soft start to the year and possibly delaying the planned Black Card membership price increase to $30 from $25, the report said.Despite near-term headwinds, RBC said it remains constructive on Planet Fitness' longer-term outlook, citing its highly franchised model and stable revenue streams. The firm forecasts earnings per share growth of about 16% in 2025 and 18% in 2026, supported by pricing actions and continued unit expansion, according to the report.RBC has an outperform rating on Planet Fitness and lowered its price target to $85 from $120, adding that investor sentiment around the stock remains "negative," with risk-reward seen as "slightly unfavorable" heading into the print.Price: $63.97, Change: $-0.49, Percent Change: -0.76%

$PLNT

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Wire104d ago

General Dynamics Raises Full-Year Earnings Outlook After First-Quarter Beat; Shares Jump

$GD$LMT$NOC$RTX