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Wedbush Raises Price Target on Jade Biosciences to $45 From $34, Maintains Outperform Rating

Jade Biosciences (JBIO) has an average rating of buy and mean price target of $38, 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: $18.59, Change: $-2.45, Percent Change: -11.64%

$JBIO

Wire29d ago

Revolution Medicines' Trial Data Shows Daraxonrasib is 'Winner' in Pancreatic Cancer Treatment, RBC Says

Revolution Medicines' (RVMD) full results from its RASolute-302 trial presented at a medical conference indicate that daraxonrasib is emerging as the "clear winner" for the second line treatment of pancreatic cancer, RBC Capital Markets said in a note Monday.The trial is an "inflection point" in second line pancreatic cancer treatment and for Revolution it "represents a large commercial opportunity," the note said.There is now a "clear near-term regulatory path" as well as optionality to bring the drug into other indications, for a potential opportunity of more than $10 billion, RBC said.The investment firm added that while the competitive landscape is intensifying, Revolution's new data sets a "high bar" and Revolution will likely stay the leader in the space.RBC has an outperform rating on Revolution and a $165 price target.Price: $159.93, Change: $+2.45, Percent Change: +1.56%

$RVMD

Wire29d ago

Update: UAW Calls Strike at Key GM Supplier Plant in Michigan

(Updates with statement from Dauch in the sixth paragraph).The United Auto Workers has called a strike at a Michigan factory owned by Dauch (DCH), a supplier of axles and driveline components for General Motors (GM) pickup trucks.The union said that about 1,000 unionized workers at the Michigan plant were set to walk off the job at midnight Sunday after contract talks failed to produce an agreement.The UAW said it is seeking higher wages as workers accepted significant pay cuts to help keep the plant operating during the 2008 financial crisis.According to the union, top wages at the facility currently reach $22 per hour after a five-year progression, compared with as much as $29 per hour in 2008.General Motors said in an emailed statement Monday that it is "closely monitoring" the labor dispute at Dauch's Three Rivers plant and assessing any potential impact on its operations.In a statement released on the London Stock Exchange, Dauch confirmed that it had not yet agreed on the terms of a new collective bargaining agreement with the union.Price: $81.92, Change: $-1.32, Percent Change: -1.59%

$DCH$GM

Wire29d ago

Church & Dwight Well Positioned for Growth Despite Macro Headwinds, RBC Says

Church & Dwight (CHD) is well positioned to deliver growth despite a "difficult" macroeconomic environment, supported by its mix of value and premium brands, strong volume growth and disciplined acquisition strategy, RBC Capital Markets said in a June 1 report following meetings with the company's management team.Church & Dwight's portfolio is benefiting from consumer "trade-down" trends, particularly through brands such as Arm & Hammer in laundry and litter, making the company an outlier among consumer packaged goods peers, the report said.The firm highlighted multiple growth drivers, including distribution gains, international expansion, innovation and mergers and acquisitions. RBC also views Church & Dwight's recently announced $325 million acquisition of stain remover brand Miss Mouth's Messy Eater favorably, citing opportunities to expand the brand's retail presence.RBC also identified Therabreath and Hero as key "growth engines" and said the company remains prepared to capitalize on emerging trends, including artificial intelligence and evolving consumer behavior, according to the report.RBC has an outperform rating on Church & Dwight, with a price target of $114, adding that the company "remains one of our top ideas."Price: $95.73, Change: $+0.10, Percent Change: +0.10%

$CHD

Wire29d ago

Hyatt Hotels Analyst Day Reinforces Confidence in Growth, Capital Returns, Morgan Stanley Says

Hyatt Hotels' (H) analyst day boosted confidence in its long-term growth outlook, with increased buybacks helping offset concerns about room growth visibility, Morgan Stanley said in a note Monday.The bank said the event largely reinforced its positive view of the company and increased its confidence that Hyatt can sustain a premium growth profile while returning capital to shareholders at levels similar to higher-valued peers.Investors may continue to question the visibility of future room growth due to Hyatt's conversion-heavy strategy, and remain concerned about the complexity of its distribution business and the balance between buybacks and mergers and acquisitions, the firm said.The bank added that it sees upside from co-brand credit card fees as well as management's shift in tone toward repurchase as offsetting these concerns.Looking further ahead, Hyatt's long-term growth potential remains "undeniable," the firm said, adding that the company has lower market penetration than many peers, but has continued its outperformance in revenue per available room and gross operating profit per available room.Morgan Stanley raised its price target on Hyatt Hotels from $195 to $208 while keeping its overweight rating.Price: $182.23, Change: $+0.87, Percent Change: +0.48%

Wire29d ago

Monster Beverage Set for Margin Rebound in 2027, Morgan Stanley Says

Monster Beverage (MNST) is positioned for margin improvement in 2027 and beyond as it works through aluminum and geographic-mix pressure and benefits from several structural tailwinds, Morgan Stanley said Sunday in a report.Q1 results showed solid regional gross margins, better-than-expected aluminum cost management, and stronger underlying corporate gross margins after adjusting for negative geographic mix, the report said.The company also has several drivers of margin expansion, including increased pricing power, favorable product mix, and better cost leverage, Morgan Stanley said. Monster's potential divestiture of its alcohol business would also be accretive to margins and earnings, the report said.Morgan Stanley raised its price target on Monster stock to $103 from $100 and reiterated its overweight rating.Price: $89.00, Change: $+0.92, Percent Change: +1.04%

$MNST

Wire29d ago

Methanex Seen Benefiting From Elevated Methanol Pricing Despite Expected Normalization, RBC Says

Methanex (MEOH) is expected to benefit from a still-elevated methanol pricing environment even as prices gradually normalize over the medium term, according to updated industry forecasts and ongoing supply-side disruptions, RBC Capital said in a Friday note.Commodity Market Analytics raised its methanol price outlook through 2028, with the largest upward revisions in 2027 due to supply constraints in the Middle East and logistical disruptions such as the Strait of Hormuz, while prices are still expected to gradually ease from late 2026 but remain above pre-disruption levels, according to the report.RBC noted that Methanex's near-term reference prices are expected to remain stable across North America, China, and Asia Pacific, with elevated pricing supporting strong free cash flow generation and 2026 prices likely staying well above historical averages, aiding deleveraging efforts.The analyst said Methanex's earnings are highly sensitive to methanol price changes, which significantly impact adjusted EBITDA, and added that the company has potential capital allocation flexibility, including continued debt reduction and possible share buybacks starting in late 2026.RBC maintained its sector perform rating on the stock with a price target of $70.Methanex shares were up 2% in Monday trading.Price: $60.28, Change: $+1.18, Percent Change: +2.00%

$MEOH

Wire29d ago

Ensign Group's Regulatory, Reimbursement Concerns 'Overblown,' Oppenheimer Says

Ensign Group's (ENSG) recent stock price drop presents a buying opportunity, as regulatory and reimbursement concerns are "overblown," Oppenheimer said in a note Monday.With the company maintaining its strong operational performance, it should be able to handle volatility in managed care admissions and referrals, which represent about 14% of patient days and 20% of revenue, Oppenheimer analysts said.Ensign's occupancy percentage has risen to 84.3% but remains below its competitors'. The difference can be partially explained by market-related factors, and presents a long-term upside for the company, the analysts said.Oppenheimer also pointed to Ensign's acquisition pipeline as a driver of growth, noting that the company has added 71 locations since the start of 2025 and continues to see a healthy pipeline of merger and acquisition opportunities.Ensign's strategy of acquiring underperforming assets and unlocking operational upside from those facilities has helped it outperform in the historically challenging skilled nursing facility operating and reimbursement environment, according to the note.Oppenheimer maintained the company's stock rating at outperform, with a price target of $210.Price: $165.20, Change: $-2.46, Percent Change: -1.46%

$ENSG

Wire29d ago

Market Chatter: Walmart Limits Staff's Usage of AI Tool After High Demand

Walmart (WMT) is capping its staff's usage of an artificial intelligence agent following a period of high demand, Bloomberg reported Monday, citing people familiar with the matter.The retail giant is now offering a limited amount of "tokens" per worker to use the AI agent, called Code Puppy, which helps employees with spreadsheets and presentations, among other tasks, the people reportedly told Bloomberg. Previously, staff had an unlimited amount of tokens, the report said.Walmart didn't 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: $113.81, Change: $-1.94, Percent Change: -1.68%

$WMT

Wire29d ago

Walmart Limits Staff's Usage of AI Tool After High Demand, Bloomberg Reports

$WMT

Wire29d ago

Dropbox Signs $400 Million Credit Facility, Launches $900 Million Share Buyback Program

Dropbox (DBX) signed a senior secured revolving credit facility with a group of lenders for up to $400 million in borrowing capacity and launched a buyback program for up to $900 million of its Class A common shares, the company said Monday.Proceeds from the facility may be used for general corporate purposes, including share buybacks, Dropbox said.Shares of Dropbox were up more than 6% in Monday trading.Price: $28.41, Change: $+1.53, Percent Change: +5.69%

$DBX

Wire29d ago

Deere Sees Roadbuilding, Mineral Processing as Notable Market Share Opportunities, RBC Says

Deere & Company (DE) sees roadbuilding and processing equipment as notable market share opportunities, complementing its 2017 acquisition of Wirtgen, which added roadbuilding and mineral processing offerings to its legacy earthmoving lineup, RBC Capital Markets said in a note.Deere's increased use of automation across the Wirtgen family of companies is meant to address roadbuilding customers' challenges, namely limited availability of skilled labor, increased input costs, safety concerns, and increasing documentation requirements, according to the Sunday note.RBC further said that the opportunity ahead with mineral processing is significant, with the space highly fragmented globally and no dominant player.RBC maintained its outperform rating on Deere with a $752 price target.Price: $534.59, Change: $-7.59, Percent Change: -1.40%

$DE

Wire29d ago

Via Transportation Shares Too Cheap to Ignore, Oppenheimer Says

Via Transportation (VIA) shares are too cheap to ignore, and the firm has the ability to exceed $1 billion in total revenue in four years, Oppenheimer said in a Monday note.The report pointed among others to durability of core transit software modernization, faster growth optionality in several adjacent markets, and strong gross retention.The company also has good gross and operating margin drivers with AI Labs, the note added."Via Transportation is one of the most defensible SMiD-Cap software business in the AI transition," Oppenheimer said, keeping its outperform rating and a $25 price target.Price: $16.10, Change: $+0.86, Percent Change: +5.68%

$VIA

Wire29d ago

Dell Technologies' Relatively Better Management of Supply Scarcity Driving Share Gains, Earnings Growth, Morgan Stanley Says

Dell Technologies (DELL) is managing the semiconductor supply chain shortage better than peers, which is helping capture mission critical demand and drive share gains, pricing power, and "unprecedented" earnings growth, Morgan Stanley said in a Monday research report.These factors are more than offsetting input cost inflation and margin headwinds, but the duration of the ongoing growth momentum remains uncertain as channel checks indicate mixed core growth, analysts wrote.The brokerage said its renewed view of the company is also attributable to the company's expectations of exiting fiscal 2027 with demand outpacing supply amid clear pull-forward from large enterprises, according to the note.The brokerage said it upgraded the stock to equalweight from underweight and boosted its price target to $448 per share from $170.Price: $460.88, Change: $+39.97, Percent Change: +9.50%

$DELL

Wire29d ago

Onto Innovation's Recent Pullback Creates Buying Opportunity, Oppenheimer Says

Onto Innovation's (ONTO) recent 15% pullback, largely driven by convertible-related hedging, created an attractive entry point based on increased confidence in the company's fundamental upside, Oppenheimer said in a note Monday.In a recent management meeting, the tone was positive and confident against high buy-side expectations as management reiterated its expectation to outgrow the wafer fabrication equipment market in 2027 and remained upbeat on Dragonfly G5 AI platform growth, particularly in 2027, according to the note.The Rigaku deal and convertible notes offering are expected to mostly offset each other's impact on 2026 earnings per share, but the deal has strong long-term strategic and financial benefits, Oppenheimer said.The brokerage also highlighted that Atlas G6 is gaining GAA/DRAM/TSV traction, 3Di benefits from shrinking bumps, JetStep/Firefly panel packaging ramps at two AI suppliers, Rigaku adds longer-term X-ray/optical hybrid metrology upside, and Dragonfly G5 2.5D logic qualification removes Onto's largest valuation overhang.Oppenheimer kept an outperform rating on Onto Innovation with a price target of $370.Shares of Onto Innovation were down more than 2% in Monday trading.Price: $251.48, Change: $-6.76, Percent Change: -2.62%

$ONTO

Wire29d ago

Wise Cooperating With Brussels Prosecutor Amid Money Laundering Control Concerns; Shares Fall

Wise Group (WSE) said Monday it is cooperating with the Brussels prosecutor's office following press reports that the UK money transfer company is being probed over its compliance with anti-money laundering legislation."We are currently working with the Brussels prosecutor to respond to queries about our business, as we routinely do with regulators and law-enforcement authorities," Wise said in a filing with the Securities and Exchange Commission."No specific findings have been shared with us to date," the company said, adding that such law enforcement requests are routine and do not necessarily indicate wrongdoing.Wise shares were down by more than 12% in Monday trading.Price: $11.44, Change: $-1.33, Percent Change: -10.42%

$WSE

Wire29d ago

HawkEye 360 Seen Benefiting From Scalable Space-Based RF Analytics Model, Morgan Stanley Says

HawkEye 360 (HAWK) is positioned for strong multi-year growth supported by its differentiated space-based signals intelligence platform and expanding government and allied-nation demand, Morgan Stanley said in its initiation report on Monday.The researchers highlighted HawkEye as a unique provider of unclassified radio frequency data at scale, enabled by a constellation of 30-plus satellites supporting applications across defense, maritime monitoring, and communications intelligence.Morgan Stanley said HawkEye's competitive edge stems from its proprietary emitter database and signal-processing capabilities, enabling reuse of radio frequency data across customers in a "one-to-many" model with strong operating leverage and high margins.The report projected around a 41% revenue compound annual growth rate through 2028, driven by new customer wins, international expansion, and new use cases, with HawkEye already EBITDA-positive and expected to generate sustained free cash flow from 2027 as scale increases and capital intensity declines.The next-generation "Block 3" satellites, which are expected to lower unit build costs and improve coverage efficiency, further enhance long-term margin expansion potential, the report added.Morgan Stanley initiated coverage with an overweight rating on the stock and a price target of $41.Shares of HawkEye 360 were up 0.5% in Monday trading.Price: $32.81, Change: $-0.20, Percent Change: -0.62%

$HAWK

Wire29d ago

HawkEye 360 Has Differentiated Portfolio, Limited Room for Upside, BofA Says

HawkEye 360 (HAWK) is a provider of radio frequency signal intelligence to US and global clients that is differentiated by its constellation of more than 30 satellites on orbit, but its current valuation already reflects much of the upside, BofA said in a note Monday.The company is "levered to a growing market for [signals intelligence] and space-based defense, with demand set to ramp with budget support," the investment firm said.Also, HawkEye's "deep ties" to several government agencies underpin its visibility and place it "within priority defense areas," BofA said.The investment firm said it expects the company's adjusted earnings before interest, taxes, depreciation, and amortization margin to rise from 21% in 2025 to 38% by 2030 supported by factors like "high incremental margins on data resale and lower-cost satellites."However, while HawkEye's revenue visibility is backed by a solid backlog and government demand, its risk/reward proposition also seems to be "reasonably balanced at current levels," the note said.BofA started coverage of HawkEye 360 with a neutral rating and a $34 price target.Price: $32.81, Change: $-0.20, Percent Change: -0.62%

$HAWK

Wire29d ago

Houlihan Lokey Names Dave Buscaglia as Managing Director in Business Services Group

Houlihan Lokey (HLI) said Monday it appointed Dave Buscaglia as a managing director in its business services group.Buscaglia joins the investment bank after serving as a managing director in Stifel's business services group, according to the company.Price: $140.42, Change: $-0.54, Percent Change: -0.38%

$HLI

Wire29d ago

Market Chatter: General Dynamics to Invest $200 Million to Restart Texas Munitions Facility

General Dynamics (GD) will invest $200 million and unwind its partnership with Turkish defense contractor Repkon as it seeks to start production of 155mm artillery shells at a Texas plant, Bloomberg reported Monday, citing people familiar with the matter.The munitions manufacturing equipment supplied by Repkon failed to meet required standards and is expected to be replaced by hardware and management from privately held Deterrence Defense, according to the news outlet.The additional $200 million investment would come on top of the $591 million contract the US Army awarded to General Dynamics for the Texas facility, which was designed to operate three production lines capable of manufacturing 30,000 155mm artillery shells per month, the report added.General Dynamics 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: $339.09, Change: $-7.74, Percent Change: -2.23%

$GD

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