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Goldman Sachs Lifts Price Target on Nasdaq to $102 From $98, Maintains Buy Rating

Nasdaq (NDAQ) has an average rating of Buy and mean price target of $109.50, according to analysts polled by FactSet.Price: $89.16, Change: $+2.12, Percent Change: +2.43%

$NDAQ

Wire150d ago

Top Midday Decliners

Charter Communications (CHTR) reported Q1 earnings on Friday below the FactSet consensus and revenue which declined from a year ago.Shares sank 22% following an increase in intraday trading volume to over 8.1 million from a daily average of about 1.95 million.HCA Healthcare's (HCA) Q1 results exceeded market expectations, but the hospital operator said it did not see its usual seasonal lift in admissions amid declines in respiratory activity.Shares dropped 9%, with intraday trading volume at over 2.28 million, versus a daily average of roughly 1.1 million.Price: $186.25, Change: $-55.53, Percent Change: -22.97%

$CHTR$HCA

Wire150d ago

Trio-Tech International Prices Direct Offering of Common Stock

Trio-Tech International (TRT) said Friday it priced a registered direct offering of about 1.1 million shares, for gross proceeds of about $10 million.The company said it intends to use the offering net proceeds for general corporate purposes, including strategic investments to expand capacity and support growth opportunities in artificial intelligence and automotive markets.The offering is slated to close on Monday, Trio-Tech International said.Shares of the company were up about 30% in Friday trading.Price: $15.80, Change: $+2.02, Percent Change: +14.62%

$TRT

Wire150d ago

Air Products to Build New Air Separation Unit in Florida

Air Products & Chemicals (APD) plans to build and operate a new air separation unit in Cocoa, Florida, to meet growing demand from space-launch providers.The plant will produce liquid oxygen, nitrogen and argon and is expected to be operating in H2 2028, the company said Friday in a statement.The facility will also supply the regional merchant market, serving industries including metals processing and fabrication, medical and chemical, the company said.Price: $302.70, Change: $-0.95, Percent Change: -0.31%

$APD

Wire150d ago

X-Energy Shares Rise in Nasdaq Debut

X-Energy (XE) shares were up 25% in their Nasdaq debut Friday.The stock opened at $30.11, higher than the initial public offering price of $23 per share.The nuclear reactor developer, which is backed by Amazon.com (AMZN) and Ares Management (ARES), said its upsized IPO of about 44.3 million class A common shares is expected to close on Monday.Price: $28.75, Change: $+5.75, Percent Change: +25.00%

$AMZN$ARES$XE

Wire150d ago

Top Midday Gainers

MaxLinear (MXL) shares surged 75% amid heavy trading after the company posted a swing to Q1 adjusted earnings and higher revenue in addition to issuing higher-than-expected Q2 sales guidance late Thursday.More than 22.9 million shares of the company traded intraday compared with a daily average of about 1.5 million.Intel (INTC) reported overnight higher fiscal Q1 adjusted earnings and revenue while setting out fiscal Q2 outlook that surpassed analyst estimates.Shares surged 20% as intraday trading volume jumped to over 201.7 million from a daily average of roughly 99.7 million.Atomera (ATOM) said late Thursday it expanded its collaboration with Synopsys (SNPS) to advance gallium nitride device modeling for radio frequency and power semiconductor applications.Shares soared 37% as intraday trading volume catapulted to more than 16.2 million from a daily average of about 2.4 million.Price: $60.15, Change: $+25.90, Percent Change: +75.61%

$ATOM$INTC$MXL

Wire150d ago

Amcor Expands Manufacturing Footprint in Malaysia

Amcor (AMCR) said Friday it opened an advanced healthcare packaging coating facility in Selangor, Malaysia, representing an investment of more than $35 million.The facility brings air-knife coating technology to the region for the production of coated medical paper utilized in sterile medical device packaging, the company said.Price: $39.00, Change: $-0.64, Percent Change: -1.61%

$AMCR

Wire150d ago

Market Chatter: Google, Microsoft Among Bidders for SoftBank Ohio Data Center Operators

Alphabet's (GOOGL) Google and Microsoft (MSFT) are set to take part in a bidding process to select operators for a US data center being developed by SoftBank, Nikkei Asia reported Friday.The decision, potentially coming as early as this month, relates to a 10-gigawatt data center planned in Piketon, Ohio, which is part of a broader investment expected to eventually reach $500 billion, the report added.Companies including Nvidia (NVDA), Meta Platforms (META) and OpenAI are also being considered as potential candidates, the news outlet reported. The first round of bidding is expected to conclude by April 30, with winning operators likely to invest in phases.Google and Microsoft didn't 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: $418.55, Change: $+2.80, Percent Change: +0.67%

$GOOG$MSFT

Wire150d ago

Waste Connections 2026 Outlook Seen 'Conservative' After Q1 Beat, RBC Says

Waste Connections (WCN) remains well-positioned for 2026 with current guidance appearing "conservative" given the strong start to the year, RBC Capital Markets said Thursday in a report.The company reported Q1 adjusted EBITDA and EPS ahead of market expectations and reaffirmed its 2026 outlook, with potential for gains from higher commodity prices, a more supportive macro backdrop and a robust pipeline for mergers and acquisitions, the report said.Waste Connections is projecting 2026 revenue of $9.9 billion to $9.95 billion, adjusted EBITDA of $3.3 billion to $3.325 billion and adjusted free cash flow of $1.3 billion, the report said.The company's strategy centers on "market selection, strategic asset positioning and local execution," driving long-term outperformance versus peers, RBC said. "We believe this strong track record justifies Waste Connections' premium valuation."RBC raised its price target on Waste Connections stock to $218 from $210 and reiterated its outperform rating.Price: $166.68, Change: $-2.21, Percent Change: -1.31%

$WCN

Wire150d ago

SS&C Technologies Reported Solid Q1 With High Conviction Toward Share Repurchases, RBC Says

SS&C Technologies (SSNC) posted a solid Q1 amid a tough macro backdrop, with organic growth of 5%, and guided to Q2 growth of 5.6% at the midpoint, along with management's high conviction toward share repurchases, RBC Capital Markets said in a note emailed Friday.As tokenization and artificial intelligence remain key debates around the stock, the company is rolling out an AI orchestration platform next week and has made progress in supporting clients looking to tokenize assets, according to the note.While year-over-year growth remained solid, the GlobeOp division decelerated by 250 basis points sequentially in Q1 and Global Investor and Distribution Solutions faces a tougher comp in the second half, the firm noted. Q1 revenue retention was 96.7%, compared with 96.4% last quarter and 97.1% a year ago, the brokerage said.RBC raised its 2026 revenue and adjusted EPS estimates to $6.76 billion and $6.92, respectively, from $6.71 billon and $6.83. It also updated 2027 revenue and adjusted EPS estimates to $7.11 billion and $7.50 from $7.06 billion and $7.45.RBC maintained an outperform rating on SS&C Technologies with a price target of $89.Price: $66.56, Change: $-3.50, Percent Change: -5.00%

$SSNC

Wire150d ago

Lucid Diagnostics Completes $18 Million Direct Offering of Shares

Lucid Diagnostics (LUCD) said Friday that is has completed its underwritten direct offering of 18 million shares at $1 per share.The company said the offering was anchored by a $15 million investment from a "fundamental" institutional investor with support from a large existing shareholder.Lucid said it plans to use the net proceeds for working capital and general corporate purposes.Price: $1.09, Change: $-0.01, Percent Change: -0.46%

$LUCD

Wire150d ago

Dover Sees Strong Bookings Growth, Demand Momentum, RBC Capital Markets Says

Dover (DOV) reported a modest Q1 operating beat, with 24% bookings growth and a 1.20x book-to-bill ratio pointing to demand momentum, RBC Capital Markets said in a Thursday note.The firm said bookings strength was broad-based, with all segments posting book-to-bill above 1.10x.RBC highlighted strength in clean energy components, fluid transport, retail fueling, refrigerated door cases, heat exchangers and CO2 refrigeration systems.The firm also said bookings strength suggests upside to Dover's 3% to 5% organic growth guidance. Dover reaffirmed its 2026 adjusted earnings per share guidance of $10.45 to $10.65, and revenue growth outlook of 5% to 7%.RBC raised its price target to $252 from $225, and maintained its sector perform rating on Dover.Price: $229.96, Change: $+1.81, Percent Change: +0.79%

$DOV

Wire150d ago

Brinker International to Keep Extending Chili's Growth, May See Margin Recovery Over Time, UBS Says

Brinker International (EAT) could keep growing sales and market share as Chili's benefits from value deals, better operations, unit growth, and stock buybacks, while margin pressure near-term may ease over time, UBS said in a note Friday.Chili's is expected to post solid fiscal Q3 same store sales despite poor weather, and Brinker's current strategy and leadership should help support steady growth, UBS said.The investment firm said the new chicken sandwich platform, the "3 For Me" offer, stronger marketing, and better customer experience should keep traffic and spending trends healthy, as its recent survey showed strong consumer demand for Chili's, helped by good value, better service, and improved menu items.The firm said it expects some near-term pressure on restaurant margins from inflation, marketing spending, winter storms, and labor costs; however, profit margins should improve over the longer term as cost pressure eases and sales growth and pricing continue to help results.UBS kept its buy rating and $190 price target, saying Brinker shares still have room to rise, citing solid earnings potential, faster unit growth, a strong balance sheet, and buybacks.Price: $140.63, Change: $-3.22, Percent Change: -2.24%

$EAT

Wire150d ago

United Rentals Q1 Beat Driven by Large Projects, Cost Cuts, UBS Says

United Rentals' (URI) Q1 beat and outlook raise were driven by strong execution on large projects and cost reductions, UBS Securities said.The company reported Q1 adjusted earnings late Wednesday of $9.71 per diluted share, up from $8.86 a year earlier. Revenue increased to $3.99 billion from $3.72 billion. United Rentals also raised its 2026 revenue outlook to between $16.9 billion and $17.4 billion, from $16.8 billion to $17.3 billion earlier.UBS said in a Thursday note that margin performance in Q1 was better than expected. Rental gross margins and general rental margins rose year over year while specialty margins remained under pressure but improved sequentially. Headwinds from repositioning costs were also significantly lower than a year earlier.Non-residential construction spending is expected to accelerate in the second half of the year, driving EBITDA growth. However, UBS noted there could still be project-related variability later in the year.The firm reiterated its buy rating on United Rentals and a $1,205 price target.Price: $972.20, Change: $-14.58, Percent Change: -1.48%

$URI

Wire150d ago

Keurig Dr Pepper Delivers Solid Quarter to Start 2026, RBC Says

Keurig Dr Pepper (KDP) reported strong Q1 results to start 2026,with US Refreshment Beverage as the standout segment, RBC Capital Markets said in a Friday note."Fundamentals remain solid and the business is progressing in-line with mgmt's plans," the report said.After closing its acquisition of JDE Peet on April 1, the firm still targets operational readiness for the coffee business separation by the end of 2026, with official separation likely to happen in early 2027, the report said."We continue to believe that the stock is undervalued," the note said. RBC kept its $42 price target and outperform rating.Price: $28.91, Change: $+0.38, Percent Change: +1.33%

$KDP

Wire150d ago

Getty Realty's Tenant Base 'Healthy' Despite Higher Energy Prices, RBC Says

Getty Realty's (GTY) tenant base remains "healthy" amid higher energy prices, and the company looks funded on the equity side into 2027, RBC Capital Markets analysts said in a Friday note.The company noted that fuel-exposed tenants have largely managed to hold fuel margins despite rising gas prices, with any lost margins likely to be recovered once oil prices drop, the analysts said.RBC said the company reported "solid" Q1 financial results, with its adjusted funds from operations per share beating expectations.The analysts said that Getty has about $125 million in investments under contract and that the pipeline continues to lean more towards development funding, but noted that more traditional sale-leaseback acquisitions are included as well.RBC retained a sector perform rating on the stock and increased its price target to $35 from $33.Price: $34.15, Change: $+0.39, Percent Change: +1.16%

$GTY

Wire150d ago

Restaurant Stocks Trail Market Amid Soft Demand, Early Q2 Volatility, BofA Says

Restaurant stocks are trailing the broader market as Q2 gets underway, with rising gasoline prices and softer demand weighing on the group, BofA Securities said Friday in a report.Same-store sales improved in Q1 despite adverse weather, while early April trends are difficult to interpret because Easter fell earlier this year, typically slowing restaurant traffic, the report said.Higher fuel costs are squeezing budgets and margins after investors had expected stronger spending helped by tax refunds, BofA said. Restaurants showing steady customer traffic and clear earnings momentum should stand out, the report said.In coverage of 19 companies, BofA cut its price target on Chipotle Mexican Grill (CMG) stock to $50 from $53, citing adjustments to its long-term earnings model tied to recent stock volatility. The company remains a strong brand with meaningful long-term earnings potential, the report said.BofA raised its price target on Starbucks (SBUX) stock to $130 from $120. The coffee chain is working to improve store operations and customer service, and these efforts could help stabilize results and support a recovery as the year progresses, the report said.BofA boosted its price target on Restaurant Brands International (QSR) stock to $74 from $63, pointing to improvements across its major chains. Better marketing and store upgrades, particularly at Burger King, may help drive steadier sales, the report said.Chipotle shares rose 0.5% in Friday trading, Starbucks fell 0.6%, and Restaurant Brands eased 0.1%.Price: $34.10, Change: $+0.20, Percent Change: +0.58%

$CMG$QSR$SBUX

Wire150d ago

Edgewise Therapeutics Faces Near-Term Upside From Cytokinetics' Upcoming Readout, RBC Says

Edgewise Therapeutics (EWTX) faces near-term upside opportunity with Cytokinetics' (CYTK) upcoming readout from its Acacia trial, RBC Capital Markets said in a note Friday.The brokerage said that regardless of Cytokinetics' trial data, there may be positive readthroughs for Edgewise's EDG-7500 candidate, driving about 10% upside.A positive result from the Acacia readout would validate drugs for non-obstructive hypertrophic cardiomyopathy and suggest that development of iterative drugs like EDG-7500 can progressively drive better benefits, while an Acacia miss could mean a potentially uncontested market, according to the note.Follow-up data from Edgewise's Cirrus trial also has the potential to drive an about 10% upside, creating a "nice" catalyst path in Q2, while the company's Grand Canyon trial results could be the stock's largest catalyst this year, the brokerage said.RBC has an outperform, speculative risk rating on the stock, with a $50 price target.Price: $31.51, Change: $+0.28, Percent Change: +0.90%

$CYTK$EWTX

Wire150d ago

Union Pacific's Sustainable Underlying Operating Metrics in Q1 to Drive Upside to Guidance, RBC Says

Union Pacific (UNP) showcased robust underlying operating metrics in Q1, which are sustainable and could complement better volume outlook to drive further upside to guidance, RBC Capital Markets said in a research report emailed Friday.While deal expectations will be a factor influencing share performance, construction was added as a new growth driver while automotive moved to neutral from negative amid a potentially improving freight environment, analysts wrote.Q1 earnings beat was driven by volume and margin trends, while inline revenue could be attributed to core pricing gains and higher fuel surcharge revenue, according to the note.The brokerage said it maintained its outperform rating on the stock and boosted its price target to $289 per share from $273.Price: $272.04, Change: $+0.78, Percent Change: +0.29%

$UNP

Wire150d ago

Market Chatter: Google Plans Anthropic Investment of Up to $40 Billion

Alphabet's (GOOGL) Google is planning to invest $10 billion in Amazon-backed (AMZN) Anthropic with the possibility of an additional $30 billion, Bloomberg reported, citing a statement from Anthropic.Google has committed to investing $10 billion now at a $350 billion valuation, and could invest an extra $30 billion if Anthropic hits performance targets, the report said, citing the company.Google and Anthropic didn't immediately reply to requests 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: $344.49, Change: $+5.60, Percent Change: +1.65%

$AMZN$GOOG$GOOGL

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