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Medtronic Completes Acquisition of Scientia Vascular

Medtronic (MDT) has completed its acquisition of privately held medical device company Scientia Vascular in a $550 million deal, plus potential milestone payments, the company said Friday.The deal strengthens its neurovascular business by integrating Scientia's guidewires and catheters with its existing portfolio to support the full procedural workflow, the company said.The company added the deal is expected to be minimally dilutive to adjusted earnings per share in fiscal 2027 and accretive thereafter.Price: $80.29, Change: $-0.05, Percent Change: -0.06%

$MDT

Wire45d ago

Jefferies Financial's Fiscal Q2 Expected to Be 'Strong,' Oppenheimer Says

Jefferies Financial (JEF) is expected to report a "strong" fiscal Q2 amid favorable investment banking trends, Oppenheimer said in a Friday note.Activity across key investment banking markets strengthened during Jefferies' fiscal reporting period, according to the brokerage.Investment-grade bond issuance rose 49% year over year, while high-yield issuance increased 48%. Equity capital markets activity climbed 72%, and announced and completed M&A volumes also posted sharp gains from a year earlier.Oppenheimer raised its fiscal Q2 earnings estimate to $1.17 per share from $0.95. Analysts polled by FactSet expect earnings of $1.02 per share.The brokerage said companies appear to be pushing ahead with strategic transactions and financings despite geopolitical uncertainty. It also said losses tied to First Brands and MFS were modest relative to Jefferies' earnings power and balance sheet strength.Oppenheimer maintained an outperform rating on the stock and raised its price target to $87 from $72.Shares of Jefferies were up 4.4% in Friday trading.Price: $62.28, Change: $+2.62, Percent Change: +4.39%

$JEF

Equities45d ago

Bloomberg: Shell Preparing to Launch $1 Billion Offshore Wind Farms Sale

$SHEL.L$SHELL.AS

Wire45d ago

Turkey Concludes Antitrust Probe Into Netflix, Amazon Prime, Disney

Turkey's Competition Board said Friday it has concluded an investigation into Netflix (NFLX), Amazon (AMZN) Prime and Disney (DIS) through a waiver of liability.Specifically, the board probed whether Netflix discriminates against independent producers when selecting original Turkish content to be broadcast on its platform. The regulator also examined exclusivity clauses in contracts that Netflix, BluTV, Disney, Amazon Prime, Exxen and Gain enter into with producers, distributors, actors and writers in order to carry out their activities.Netflix agreed to measures that seek to address the Turkish content selection issue, while all the companies committed to certain steps to address the exclusivity issue as part of the agreement, the regulator said.The companies didn't immediately reply to requests for comment from.Price: $80.31, Change: $-0.96, Percent Change: -1.19%

$AMZN$DIS$NFLX

Wire45d ago

Market Chatter: BP Starts Process to Sell Stakes in Kaskida, Tiber Projects

BP (BP) has begun a process to sell minority stakes in its Kaskida and Tiber projects in the US Gulf of Mexico, Reuters reported Friday, citing people familiar with the matter.The developments are each expected to produce around 80,000 barrels of oil per day, with production planned for 2029 and 2030, respectively, the report said.BP 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: $42.84, Change: $+0.16, Percent Change: +0.37%

$BP

Asia Markets45d ago

European Equities Traded in the US as American Depositary Receipts Increase in Friday Trading; Rise for Week

European equities traded in the US as American depositary receipts were trending higher late Friday morning, rising 0.53% to 1,917.29 on the S&P Europe Select ADR Index, which is up more than 2% for the week so far.From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and telecommunications company Nokia (NOK), which advanced 8.2% and 5.8% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and pharmaceutical company Ascendis Pharma (ASND), which increased 4.8% and 3.2% respectively.The decliners from continental Europe were led by accommodations booking company trivago (TRVG) and medical device maker EDAP TMS (FOCL), which dropped 3.2% and 1.5% respectively. They were followed by software firm SAP (SAP) and semiconductor company Sequans Communications (SQNS), which lost 1.3% and 0.6% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and software firm Endava (DAVA), which rose 3.7% and 3.4% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and biotech firm Autolus Therapeutics (AUTL), which were up 2.7% and 1.9% respectively.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and biopharmaceutical company Akari Therapeutics (AKTX), which fell 3.7% and 3.4% respectively. They were followed by medical device maker Smith & Nephew (SNN) and pharmaceutical company AstraZeneca (AZN), which were off 0.9% and 0.6% respectively.

$AKTX$ASND$AUTL$AZN$DAVA$DBVT$EVAX$FOCL$MREO$NOK$SAP$SLN$SNN$SQNS$TRIB$TRVG

Wire45d ago

Market Chatter: Exxon Mobil Said to Explore Acquisition Targets Including Woodside Energy

Exxon Mobil (XOM) is studying potential takeover targets, including Woodside Energy Group (WDS), as the energy giant looks to increase its presence in the liquified natural gas sector and in Asian markets, Bloomberg reported Friday, citing people with knowledge of the matter.Exxon and Woodside 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: $147.75, Change: $+1.15, Percent Change: +0.78%

$WDS$XOM

Mining & Metals45d ago

Neptune Digital Assets Provides Update on its Investment in SpaceX

Neptune Digital Assets (NDA.V) on Friday provided an update regarding its investment in SpaceX(SPCX) following SpaceX's "successful" initial public offering.Neptune expects to hold approximately 163,000 shares of SpaceX following the completion of the conversion of its xAI investment into SpaceX shares and prior to the associated distribution process, said the company, adding that its average acquisition cost is approximately US$20 per share before any applicable fees, carried interest, expenses, taxes, and distribution adjustments."Based on SpaceX's initial public offering price of US$135 per share, the gross value of the underlying SpaceX shares attributable to Neptune's investments would be approximately US$22 million (C$31 million)," said the company.The company currently plans to remain a long-term shareholder and will continue to evaluate its investment strategy in the context of market conditions, liquidity requirements, and opportunities to maximize shareholder value, it stated."The most valuable companies are those that lay the foundation for entirely new industries. At Neptune, we continue to seek out businesses and assets that are strategic, enduring and which become ever more difficult to replicate," said chief executive Cale Moodie. "SpaceX has invested over two decades in forging world-class launch infrastructure, unparalleled engineering capabilities, and a transformative global satellite network, creating a formidable competitive moat. As the demands of AI, data, and global connectivity accelerate, we believe these assets will only grow in strategic importance and long-term value."The company's shares were last seen down C$0.03 to C$0.92 on the TSX Venture Exchange.

$NDA.V.SPCX

US Markets45d ago

Adobe's Strong Quarter Overshadowed by CFO Exit, Growth Uncertainty, RBC Says

Adobe's (ADBE) solid quarterly results were overshadowed by the departure of its finance chief and lingering questions about the software marker's growth trajectory, RBC Capital Markets said in a report.Chief Financial Officer Dan Durn resigned to take the same role at Marvell Technology (MRVL), with Steve Day, CFO of Adobe's customer experience orchestration unit, stepping in as interim finance chief.On Thursday, Adobe posted fiscal second-quarter results that topped expectations. Investors instead focused on the leadership change and the company's decision to keep its full-year growth outlook for annualized recurring revenue unchanged even after adding contribution from its Semrush acquisition, RBC said. Offsetting that contribution are headwinds from Adobe's freemium strategy and deferred Creative Cloud line optimizations, the report said.Adobe shares dropped 6.6% in Friday trading. They have slumped 42% this year."Adobe delivered a solid result from a headline perspective, but the exit of CFO Dan Durn and moving parts around organic ARR guidance created more uncertainty for a stock trying to firm up its foundation," RBC said.Management highlighted that second-half seasonality will skew more heavily toward the fourth quarter than in prior years, the report said.Adobe raised its fiscal 2026 adjusted EPS outlook to $24.35 to $24.45 from $23.30 to $23.50 and lifted its revenue forecast to $26.5 billion to $26.6 billion from $25.9 billion to $26.1 billion.The FactSet consensus is for EPS of $24.24 on revenue of $26.45 billion. RBC expects EPS of $24.40 on revenue of $26.55 billion.RBC cut its price target on Adobe stock to $285 from $350 and maintained its outperform rating.Price: $204.30, Change: $-14.50, Percent Change: -6.63%

$ADBE$MRVL

Wire45d ago

Exxon Mobil Exploring Takeover Targets Including Woodside, Bloomberg Reports

$WDS$XOM

US Markets45d ago

Oil Falls Amid Hopes of US-Iran Peace Deal

Oil prices fell on Friday following media reports that the US and Iran are nearing a potential peace deal, just days after the two sides exchanged strikes in a sharp escalation of tensions since a ceasefire in April.West Texas Intermediate crude oil was down 1% at $86.82 a barrel, while Brent fell 1% to $89.50.The US and Iran are edging closer to an interim agreement to reopen the Strait of Hormuz, Bloomberg News reported Friday, citing senior officials. The signing of the potential agreement could come on the sidelines of the Group of Seven summit starting next week in France. The agreement would extend the existing ceasefire by around two months and open further negotiations over Iran's nuclear program, according to the report.Geneva is reportedly being floated as a possible location for the signing of the potential US-Iran agreement.Iran's state-owned Mehr News Agency said the potential deal includes the US withdrawing forces from around Iran, lifting its naval blockade within 30 days, and providing $300 billion in reconstruction funding to Tehran, CNBC reported.However, President Donald Trump said in a social media post on Friday that the reported terms have "nothing to do" with what Tehran agreed to in writing."What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth," Trump wrote. "Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith."Trump had earlier said on social media that he cancelled scheduled strikes and bombings against Iran after talks with Tehran were brought to the "highest level" of Iranian leadership and "approved.""Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the US, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others," Trump said on Thursday. "The naval blockade will remain in full force and effect until this transaction is finalized."Earlier in the week, US forces conducted airstrikes against Iran after Tehran shot down an American Apache helicopter. Iran launched retaliatory strikes on American military bases across Jordan, Kuwait, and Bahrain.

Equities45d ago

Market Chatter: BP Reportedly Initiates Process to Shed Stakes in Two Gulf of Mexico Projects

BP (BP.L) has kicked off the process to offer its stakes in two projects in the Gulf of Mexico, Reuters reported Friday, citing four people with knowledge of the matter.The newswire reported in March that the British energy giant was seeking buyers for minority stakes in the Kaskida and Tiber projects, expected to be valued at billions of dollars. The latest report did not disclose the size of the stakes BP is planning to sell.BP 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.)

$BP.L

Wire45d ago

General Motors' 'Underappreciated' Energy Storage Business Offers Upside, RBC Says

General Motors' (GM) energy storage business is underappreciated by investors, while its US tariff exposure is improving, creating potential upside to earnings and valuation, RBC Capital Markets said in a note emailed Friday.The analysts said that since Ford (F) unveiled its energy storage strategy in May, its shares have significantly outperformed General Motors', despite General Motors announcing its own battery energy storage system plans in June. This suggests investors may not yet be fully recognizing the earnings potential of the company's energy initiatives, the firm noted.If the company can find success with sodium-ion batteries as a vertically integrated offering, similar to Tesla (TSLA) or Ford, as opposed to an off-take agreement like it is doing with its lithium iron phosphate cells, this business could be a key catalyst for multiple-re-rating, the analysts added.Channel checks suggest General Motors' US tariff outlook is improving, the analysts said, adding that a reduction in Mexico tariffs from 25% to 15% could lower the company's estimated $3 billion tariff burden by about $500 million, while eliminating tariffs altogether could reduce it by roughly $1 billion.RBC has an outperform rating and a $95 price target on General Motors.Price: $80.89, Change: $+0.04, Percent Change: +0.04%

$F$GM$TSLA

Wire45d ago

Toll Brothers Seen Benefiting From Luxury Buyer Resilience, RBC Capital Markets Says

Toll Brothers (TOL) is benefiting from a resilient luxury buyer base that continues to support demand despite broader weakness in consumer sentiment and confidence, RBC Capital Markets said in a Friday note.The firm said Toll Brothers' customers remain relatively insulated from macro headwinds, with 20% to 25% of buyers paying cash and the remainder carrying average loan-to-value ratios of about 70%. Demand is being driven more by low unemployment and strong equity markets, than by mortgage rate sensitivity, RBC said.Toll Brothers continues to view access to well-located land as a key driver of growth, margins and returns, according to the note.RBC said Toll Brothers' capital allocation strategy remains centered on investing for growth while returning capital through share repurchases, and that the company's recent acquisition of Buffington Home reflects its preference for niche, bolt-on deals with attractive growth and margin opportunities.RBC Capital Markets maintained its outperform rating on Toll Brothers and $158 price target.Price: $147.55, Change: $+0.34, Percent Change: +0.23%

$TOL

Wire45d ago

Gordon Haskett Cuts Price Target on Casey's General Stores to $850 From $950

Casey's General Stores (CASY) has an average rating of overweight and mean price target of $930.56, 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: $903.90, Change: $-12.38, Percent Change: -1.35%

$CASY

Wire45d ago

Gordon Haskett Adjusts Price Target on Tractor Supply to $50 From $40

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $45.96, 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: $31.36, Change: $+0.09, Percent Change: +0.30%

$TSCO

Wire45d ago

Gordon Haskett Adjusts Price Target on Home Depot to $330 From $320

Home Depot (HD) has an average rating of overweight and mean price target of $371.68, 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: $328.96, Change: $+2.95, Percent Change: +0.90%

$HD

Wire45d ago

MarketAxess to Benefit From Abating Competition, Electronic Trading Reacceleration, BofA Securities Says

MarketAxess (MKTX) will likely benefit from abating competition and a reacceleration in electronic bond trading fueled by artificial intelligence and electronic market makers, BofA Securities said in a note Friday."As more AI-enabled tools are launched for bond trading, the value proposition of e-trading will become increasingly superior to the phone," the investment firm said.BofA analysts said MarketAxess was the first mover in bond electronic trading, but its market share has fallen to 33% from 57% in five years with the entry of rivals like Tradeweb (TW) and Trumid with a superior innovation engine, the note said. Tradeweb and Trumid, however, "have already picked the low-hanging fruit" and MarketAxess' share losses are now expected to decelerate, analysts said.As MarketAxess valuation is sliding to an all-time low at the same time that competitive headwinds are subsiding, there is an opportunity to be more constructive on the company's shares, the investment firm said.MarketAxess may also benefit from an increase in hyperscaler debt issuance, which has jumped 8 times year to date, and already accounts for 10% of total US investment grade corporate bond issuance, the note said.BofA upgraded MarketAxess to neutral from underperform, with a $170 price target.Shares of MarketAxess were up more than 3% in Friday trading.Price: $120.02, Change: $+3.69, Percent Change: +3.17%

$MKTX

Sectors45d ago

Market Chatter: US Energy Secretary Says Half of Hormuz Oil Stoppages Have Eased

US Energy Secretary Chris Wright said about 7 million barrels of daily oil and fuel shipments are flowing through the Strait of Hormuz, or about half the volumes stranded at the start of the war with Iran, Bloomberg reported Friday, citing Wright's remarks at an energy briefing in Houston.(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.)

Wire45d ago

UBS Cuts McGraw Hill Price Target to $14 From $17, Maintains Neutral Rating

McGraw Hill (MH) has an average rating of Buy and mean price target of $17.82, according to analysts polled by FactSet.Price: $11.83, Change: $-0.53, Percent Change: -4.29%

$MH

Showing 21821-21840 of 62044

US Markets45d ago