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TD Cowen Raises Incyte Price Target to $124 From $123

Incyte (INCY) has an average rating of overweight and mean price target of $109.10, according to analysts polled by FactSet.Price: $94.83, Change: $-0.89, Percent Change: -0.93%

$INCY

Wire147d ago

Equinor Shares Rise After Morgan Stanley Upgrade

Equinor (EQNR) shares rose 1.3% in Tuesday trading after Morgan Stanley upgraded the stock to equal weight from underweight and raised the price target to $40.40 from $22.80.Trading volume stood at over 3.2 million shares, compared with a daily average of about 7.7 million.Price: $38.56, Change: $+0.51, Percent Change: +1.34%

$EQNR

Wire147d ago

TFI International Shares Rise After BofA Securities Upgrade

TFI International (TFII) shares were up over 6% in Tuesday trading after BofA Securities upgraded the stock to buy from neutral, and raised its price target to $161 from $122.Trading volume stood at more than 473,000 shares, compared with a daily average of about 417,000 shares.Price: $146.99, Change: $+8.66, Percent Change: +6.26%

$TFII

Wire147d ago

Sleep Number Shares Rise After Credit Amendment

Sleep Number (SNBR) shares rose about 48% in Tuesday afternoon trading after the company said it amended its credit agreement with lenders for an additional $55 million of liquidity, including a $25 million term loan.The amendment will allow the company to launch its new product portfolio and marketing campaign, it said.Price: $3.27, Change: $+1.06, Percent Change: +47.96%

$SNBR

Wire147d ago

Market Chatter: Apple Plans Revamp of Built-in Photo Editing Features

Apple (AAPL) is planning a complete redesign of the built-in photo editing features for its products in a move to rely more on artificial intelligence-powered tools, Bloomberg reported Tuesday, citing sources familiar with the matter.The company is working on a new suite of tools that are powered by its Apple Intelligence platform for iOS 27, iPadOS 27, and macOS 27, which are set for release this fall, the sources told the media outlet.The new tools will permit users to extend, enhance, and reframe images using AI models that are on the device, with processing typically taking a few seconds, according to the report.With the move, Apple is aiming to better compete with Android devices, which have offered AI-photo editing capabilities for years, according to the report.Apple 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: $270.27, Change: $+2.65, Percent Change: +0.99%

$AAPL

Wire147d ago

UFP Expands Pallet Manufacturing Network With Acquisition

UFP Industries (UFPI) said Tuesday it has acquired the operating assets of Berry Pallets, for about $20 million.The purchase, including real estate, of the pallet maker in Waseca, Minnesota, expands its footprint and strengthens its ability to serve customers in the upper Midwest, UFP said.The acquisition adds about $23 million in annual sales, the company said. It expects to close the transaction May 18.Price: $95.66, Change: $-0.33, Percent Change: -0.34%

$UFPI

Wire147d ago

Update: Rambus Shares Drop After Baird Downgrade, Q1 Non-GAAP Earnings Miss

(Updates with latest stock price movement and analyst rating in the headline and first paragraph.)Rambus (RMBS) shares dropped nearly 21% in Tuesday afternoon trading after Baird downgraded the stock to neutral from outperform, with a $120 price target, and the company's Q1 non-GAAP earnings missed analysts' estimates.The company reported Q1 non-GAAP earnings late Monday of $0.63 per diluted share, up from $0.59 a year earlier.Analysts polled by FactSet expected $0.64.Revenue for the quarter ended March 31 was $180.2 million, up from $166.7 million a year earlier.Analysts surveyed by FactSet expected $179.9 million.Price: $111.77, Change: $-29.39, Percent Change: -20.82%

$RMBS

Wire147d ago

FCC Tells 8 Disney-Owned Stations to File Early License Renewal

$DIS

Wire147d ago

Barclays Cuts Allegion Public Price Target to $161 From $165

Allegion Public (ALLE) has an average rating of overweight and mean price target of $173.45, according to analysts polled by FactSet.Price: $137.30, Change: $-11.10, Percent Change: -7.48%

$ALLE

Wire147d ago

Mizuho Securities Lowers General Motors Price Target to $105 From $100

General Motors (GM) has an average rating of overweight and mean price target of $95.26, according to analysts polled by FactSet.Price: $78.51, Change: $+0.55, Percent Change: +0.71%

$GM

Wire147d ago

NextEra Energy Subsidiary Wins NRC License Renewals for St. Lucie Nuclear Plant

NextEra Energy (NEE) said the US Nuclear Regulatory Commission approved operating license renewals for Florida Power & Light's St. Lucie nuclear units, extending Unit 1 to 2056 and Unit 2 to 2063.The approval followed a multiyear application and review process, NextEra said Tuesday in a statement.Price: $96.11, Change: $+1.28, Percent Change: +1.35%

$NEE

Wire147d ago

RBC Capital Cuts Brown & Brown Price Target to $72 From $76

Brown & Brown (BRO) has an average rating of hold and mean price target of $79.27, according to analysts polled by FactSet.Price: $62.15, Change: $-3.97, Percent Change: -6.00%

$BRO

Wire147d ago

Chevron Signs MoU With Libya's National Oil Corporation to Assess Shale Oil, Gas Resources

Chevron (CVX) signed a memorandum of understanding with Libya's National Oil Corporation, or NOC, to conduct a joint study evaluating the potential of unconventional shale oil and gas resources in sedimentary basins across the country, NOC said Tuesday.The study will focus on Sirte, Murzuq and Ghadames sedimentary basins, and technical teams from both sides will assess the available data and the potential for developing resources in these locations, NOC added.Price: $188.17, Change: $+3.38, Percent Change: +1.83%

$CVX

Wire147d ago

Top Midday Decliners

Greenland Energy (GLND) stock sank 41% after the company said late Monday it priced a $70 million offering of 17.5 million shares at $4 apiece.More than 9.36 million shares of the company traded intraday compared with a daily average of about 2.33 million.Zimmer Biomet (ZBH) reported a year-over-year increase in Q1 adjusted earnings and sales on Tuesday and said its chief financial officer, Suketu Upadhyay, is leaving the company.Shares slumped 11% as intraday trading volume soared to more than 5.32 million from a daily average of about 2.13 million.Pentair (PNR) reported stronger-than-expected Q1 adjusted earnings and sales growth on Tuesday, but the company revised the bottom end of its full-year revenue growth forecast.Shares slumped 11% as intraday trading volume rose to over 3.46 million from a daily average of about 1.75 million.Price: $3.22, Change: $-2.20, Percent Change: -40.57%

$GLND$PNR$ZBH

Wire147d ago

Canaccord Genuity Lowers Sportradar Group Price Target to $28 From $34, Buy Rating Kept

Sportradar Group (SRAD) has an average rating of buy and mean price target of $27.91, according to analysts polled by FactSet.Price: $12.16, Change: $-1.79, Percent Change: -12.80%

$SRAD

Wire147d ago

Baird Lifts Xylem Price Target to $163 From $161

Xylem (XYL) has an average rating of overweight and mean price target of $155.94, according to analysts polled by FactSet.Price: $117.65, Change: $-5.86, Percent Change: -4.74%

$XYL

Wire147d ago

Top Midday Gainers

Sanmina (SANM) reported late Monday fiscal Q2 adjusted earnings and revenue above market expectations, with sales more than doubling.Shares climbed 13% as intraday trading volume jumped to over 2.20 million from a daily average of about 779,000.Kforce (KFRC) reported late Monday better-than-expected Q1 results, with its Q2 guidance for earnings and revenue also exceeding market expectations.Shares surged 45%, with intraday trading volume of over 945,000 against a daily average of roughly 282,000.Axogen (AXGN) shares jumped 7% after the company reported Tuesday a swing to Q1 adjusted EPS from a a loss a year earlier following a surge in revenue.More than 1.75 million shares traded intraday, compared with a daily average of about 1.03 million.Price: $212.30, Change: $+24.22, Percent Change: +12.88%

$AXGN$KFRC$SANM

Wire147d ago

American Electric Power Keeps Quarterly Dividend at $0.95 a Share, Payable June 10 to Shareholders of Record on May 8

$AEP

Wire147d ago

Citigroup Lifts Price Target on Pfizer to $27 From $26, Maintains Neutral Rating

Pfizer (PFE) has an average rating of hold and mean price target of $28.90, according to analysts polled by FactSet.Price: $26.61, Change: $-0.18, Percent Change: -0.69%

$PFE

Wire147d ago

HSBC Raises Hilton Worldwide Price Target to $387 From $353

Hilton Worldwide (HLT) has an average rating of overweight and mean price target of $346.91, according to analysts polled by FactSet.Price: $326.62, Change: $-5.83, Percent Change: -1.76%

$HLT

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