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McDonald's to Deliver Q1 Results Near Expectations, Reaffirm 2026 Outlook, RBC Says

McDonald's (MCD) is expected to report Q1 results close to expectations and reaffirm its 2026 outlook, RBC Capital Markets said Tuesday in a report.The setup heading into earnings is slightly unfavorable given the company's exposure to lower-income consumers in the US, a group facing increasing pressure from higher gasoline prices, RBC said. Q1 results are due May 7.US same-store sales are expected to grow 4.5%, about 29 basis points ahead of consensus, while international markets are expected to show slightly slowing momentum with performance modeled to be roughly in line with expectations, the report said.RBC said it will look for commentary on the impact from the Middle East conflict, which is likely to be only a slight directional headwind in Q1 and into Q2.RBC maintained its sector perform rating with a $330 price target.Price: $301.05, Change: $-0.79, Percent Change: -0.26%

$MCD

Wire152d ago

Adobe Platform Shift, Agentic AI Tools Support Long-Term ARR Growth, RBC Says

Adobe's (ADBE) key partnerships and new agentic tools highlighted at its Adobe Summit event support its transition toward a broader platform and ecosystem and could drive longer-term annual recurring revenue growth, a key metric for investors, RBC Capital Markets said.Adobe is aiming to move towards becoming a broad platform and ecosystem rather than just providing a set of tools to solve point problems. In the investor session, the company highlighted its roadmap around agentic AI products and partnerships designed to provide a single platform for end-to-end marketing workflow orchestration, the brokerage said.On the partnerships side, RBC said the two most interesting collaborations are the go-to-market partnerships with large advertising agencies and system integrators and agentic partnerships with major AI and technology platforms. Adobe needs to be integrated with the broader omnichannel ecosystem to become an orchestration layer for marketing.The company demonstrating that its Experience Cloud delivers clear return on investment will be key to expanding enterprise and creative customer spending and increasing wallet share, the investment firm said in a Tuesday note.RBC maintained the company's stock rating at outperform and price target at $350.Shares of Adobe were up 3.3% in Wednesday trading.Price: $255.41, Change: $+8.23, Percent Change: +3.33%

$ADBE

Wire152d ago

Market Chatter: US Expected to Ease Restrictions on Cannabis as Early as Wednesday

The US Department of Justice is expected as soon as Wednesday to lower cannabis' classification into a less-restrictive federal category, Bloomberg reported Wednesday, citing a person familiar with the matter.The move would shift cannabis to Schedule III from Schedule I, the government's most restrictive class, the report said, citing the person.The White House didn't immediately respond 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: $7.69, Change: $+0.80, Percent Change: +11.58%

$CRON$HITI$IIPR$SNDL$TLRY

Wire152d ago

New York Times Growth Story Intact, Valuation Limits Upside, BofA Says

The New York Times (NYT) could continue to grow through its bundled digital subscriptions, advertising gains, video expansion, and potential AI licensing revenue, but recent stock outperformance and valuation expansion leave limited near-term upside, BofA Securities said in a note Wednesday.The company is well-positioned in digital media after building a broader subscription business around news, lifestyle products and utility offerings through its All Access bundle. BofA expects revenue to grow 7% annually and adjusted operating profit to rise 14% annually from 2025 through 2028.BofA said subscription revenue, which makes up nearly 70% of the business, provides recurring cash flow and visibility. Advertising could remain a growth driver, supported by stronger digital ad demand, improved monetization and engagement in areas such as Games and Sports.The investment firm also said the company's video buildout and its AI licensing deal with Amazon could create new high-margin revenue streams over time.BofA initiated coverage for The New York Times with a neutral rating and an $84 price objective, noting that valuation and risks such as potential AI-driven traffic disruption keep the risk-reward balanced.Price: $81.08, Change: $-0.54, Percent Change: -0.66%

$NYT

Wire152d ago

Microsoft Names Daniel Shapero as LinkedIn CEO

Microsoft (MSFT) has appointed Daniel Shapero to become the chief executive officer of LinkedIn, the company's executive vice president Ryan Roslansky said in a LinkedIn post Wednesday.Mohak Shroff will assume the role of president of Platforms & Digital Work, according to the post. Both Shapero and Shroff will report to Roslansky, he said.Shapero has led sales, marketing, and product across the most important parts of this business, Roslansky said.Price: $431.77, Change: $+7.61, Percent Change: +1.79%

$MSFT

Wire152d ago

Sportradar Group Shares Fall Following Short Reports by Muddy Waters, Callisto

Sportradar Group (SRAD) shares fell by more than 23% in Wednesday trading after Muddy Waters Research and Callisto Research published short reports on the company.The Muddy Waters report claims that Sportradar has "actively aided and abetted illegal gambling across the world's black and grey markets -- not as an accident or an oversight, but as a business strategy." The firm estimates that illegal operators account for about 20% to 40% of total revenue currently.Callisto, also short Sportradar, said that based on an examination of hundreds of gambling platforms, it found evidence suggesting that over 270 individual platforms are using Sportradar's products or services, or are explicitly claiming to do so, "while operating illegally in regulated or prohibited gambling markets." A significant number of these operators have no license at all, it added.Sportradar didn't immediately reply to' request for comment.Price: $12.09, Change: $-4.76, Percent Change: -28.24%

$SRAD

Wire152d ago

US Expected to Ease Restrictions on Cannabis as Early as Wednesday, Bloomberg Reports

$CRON$HITI$IIPR$SNDL$TLRY

Wire152d ago

GE Aerospace Strong Q1, Engine Fundamentals Seen Driving 2026 Upside Despite Oil Concerns, RBC Says

GE Aerospace (GE) strong Q1 earnings and solid "engine fundamentals" support potential upside to its 2026 outlook, despite investor concerns over oil prices and geopolitical risks that weighed on the stock, RBC Capital Markets said in a report emailed Wednesday.The company's strong performance was driven by "services growth" of 39%, supported by a 35% increase in internal shop visit revenue and more than 25% growth in spare parts, the firm said. LEAP engine deliveries rose 63%, reinforcing confidence in the company's 2026 growth outlook, according to the report.RBC said GE Aerospace maintained its 2026 guidance despite strong results, but the firm sees potential for a guidance raise in Q2, the report said.RBC maintained an outperform rating on GE Aerospace with a $355 price target.Price: $272.64, Change: $-14.09, Percent Change: -4.91%

$GE

Wire152d ago

Street Color: LinkedIn Appoints Dan Shapero as CEO, Effective Immediately

$MSFT

Wire152d ago

3M's 'Modest' Q1 Operating Beat Led by FX Tailwinds and Higher-Than-Expected Corporate Income, RBC Says

3M (MMM) reported a modest, low-quality Q1 operating beat, led by foreign exchange tailwinds and higher-than-anticipated corporate income, RBC Capital Markets said in a note emailed Wednesday, adding that operational excellence metrics are improving alongside new product launches.Management reiterated full-year guidance, absorbing the Q1 upside and embedding a hit of $0.05 to $0.15 to EPS due to macro and oil-related pressures in the second half, according to the note.Management guided Q2 organic growth of more than 3% and H2 exit rates of over 3.5%, driven by order conversion, underlying demand from new products, and datacenter/semiconductor strength, the brokerage said.RBC lifted its 2026 EPS estimate by $0.15 to $8.70, while management reiterated full-year 2026 adjusted EPS guidance of $8.50 to $8.70.The company raised its pricing assumptions for 2026 to about 130 basis points due to higher oil costs, layered on top of the 80 basis points previously embedded into guidance, the brokerage noted.RBC maintained an underperform rating on 3M and lowered the price target to $133 from $134.Price: $146.30, Change: $-2.17, Percent Change: -1.46%

$MMM

Wire152d ago

Wells Fargo Adjusts Price Target on Boston Scientific to $75 From $94, Maintains Overweight Rating

Boston Scientific (BSX) has an average rating of buy and mean price target of $95.97, according to analysts polled by FactSet.Price: $64.95, Change: $+5.42, Percent Change: +9.11%

$BSX

Wire152d ago

Piper Sandler Adjusts Chubb Price Target to $328 From $319, Maintains Neutral Rating

Chubb (CB) has an average rating of overweight and mean price target of $346.61, according to analysts polled by FactSet.Price: $325.11, Change: $-4.18, Percent Change: -1.27%

$CB

Wire152d ago

OIO Group to Effect 1-for-3 Reverse Stock Split

OIO Group (OIO) said Wednesday its board has approved a 1-for-3 reverse stock split in connection with the closing of its planned merger with De Tomaso Automobili Holdings Limited.The shares will begin trading on a split-adjusted basis on April 24, the company said.The reverse stock split is being implemented in connection with its planned Nasdaq listing and is also intended to support compliance with Nasdaq's minimum bid price requirement, the firm said.Price: $2.64, Change: $-0.19, Percent Change: -6.71%

$OIO

Wire152d ago

MSCI Posts Strong Q1, Reaffirms 2026 Outlook Despite Near-Term Soft Spots, RBC Says

MSCI (MSCI) reported a strong Q1 and reaffirmed its 2026 guidance, expecting steady growth ahead despite some near-term headwinds in sustainability and climate products and in real assets, RBC Capital Markets said Tuesday in a report.Q1 results were driven by broad-based subscription growth across Index, Analytics and Private Capital Solutions, with continued strength in international flows and accelerating momentum in key product areas, the report said.The company maintained its 2026 guidance, including adjusted EBITDA and free cash flow estimates, while depreciation and amortization guidance was raised by $5 million, RBC said. Growth assumptions rest on execution, including accelerated new product launches and broader AI adoption, rather than market tailwinds, the report said.Potential downside risks include muted near-term growth in sustainability and climate products, weakness in real-estate transaction activity, and uneven analytics revenue timing, partly countered by strong growth in Private Capital Solutions and continued momentum in custom indexing, the report said.RBC has an outperform rating on MSCI stock with price target set at $655.Price: $613.57, Change: $+16.18, Percent Change: +2.71%

$MSCI

Wire152d ago

BMO Capital Adjusts Prudential Financial Price Target to $87 From $91, Maintains Underperform Rating

Prudential Financial (PRU) has an average rating of Hold and mean price target of $100.57, according to analysts polled by FactSet.Price: $94.13, Change: $-2.32, Percent Change: -2.41%

$PRU

Wire152d ago

Evercore ISI Adjusts Dell Technologies Price Target to $240 From $205, Maintains Outperform Rating

Dell Technologies (DELL) has an average rating of overweight and mean price target of $182.21, according to analysts polled by FactSet.Price: $216.00, Change: $+3.64, Percent Change: +1.71%

$DELL

Wire152d ago

Wells Fargo Adjusts Masco Price Target to $82 From $70, Maintains Overweight Rating

Masco (MAS) has an average rating of overweight and mean price target of $75.78, according to analysts polled by FactSet.Price: $74.55, Change: $+7.79, Percent Change: +11.67%

$MAS

Wire152d ago

JPMorgan Adjusts 3M Price Target to $178 From $182, Maintains Neutral Rating

3M (MMM) has an average rating of overweight and mean price target of $178.60, according to analysts polled by FactSet.Price: $145.95, Change: $-2.52, Percent Change: -1.70%

$MMM

Wire152d ago

AbbVie to Build $1.4 Billion Manufacturing Campus in North Carolina

AbbVie (ABBV) said Wednesday it will invest $1.4 billion to construct a 185-acre AI-powered pharma manufacturing campus in Durham, North Carolina, as part of a $100 billion research and capital investment plan in the US.Construction will begin this year, with completion expected by the end of 2028, the company said, adding that the project will generate over 2,000 construction jobs.The site was selected for its local workforce and ability to support future expansion, the company said.Price: $202.92, Change: $-2.20, Percent Change: -1.07%

$ABBV

Wire152d ago

UnitedHealth Group Likely at Inflection Point After Strong Q1, Oppenheimer Says

UnitedHealth Group (UNH) could be at an inflection point as its operational initiatives gain traction and the rate/trend balance turn more favorable, Oppenheimer said in a note Tuesday.The company posted strong Q1 results, with adjusted earnings and revenue both higher year over year, and raised its adjusted EPS outlook to greater than $18.25 from its prior guidance of $17.75, the brokerage said.Early trends for UnitedHealth's segments exceeded expectations, Oppenheimer said, noting the OptumHealth division's outperformance. The Q1 results also absorbed higher operating costs with $900 million in incentive-comp and other investments, according to the note.The brokerage raised its 2026 EPS estimate for UnitedHealth to $18.27 from $17.77 previously.Oppenheimer increased its price target on UnitedHealth to $405 from $385, with an outperform rating.Price: $354.41, Change: $+8.40, Percent Change: +2.43%

$UNH

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