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BofA Downgrades SailPoint to Neutral From Buy, Keeps $16 Price Target

SailPoint (SAIL) has an average rating of buy and mean price target of $19.10, 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)

$SAIL

Research45d ago

Dollarama Price Target Raised to $228 at CIBC

CIBC Capital Markets raised its price target on Dollarama Inc. (DOL.TO) to $228 from $202 on Friday.Analyst Mark Petrie maintained an Outperformer rating on shares of the Canadian retail chain following its quarterly results."Dollarama's FQ1 results were well above expectations across the board," Petrie said in a note to clients. "Same-store sales (SSS) growth posted a sharp rebound and margins outperformed, while Dollarcity continues to deliver stellar growth.""We are not inclined to over-analyze short-term results from Australia, but there is tangible progress as DOL product is hitting shelves," the analyst said.

$DOL.TO

Asia45d ago

OKG Technology Warns of Wider Fiscal-Year Loss

OKG Technology (HKG:1499) expects an attributable loss of at least HK$20 million for the year ended March 31, compared with HK$15.8 million a year prior, according to a Friday Hong Kong bourse filing.The construction engineering company attributed the forecast to a lower revenue from the foundation, building construction work, and ancillary services segment.

HKG:1499

Japan45d ago

US Equity Futures Rise Pre-Bell on Higher Optimism for Middle East Peace Deal

US equity futures were higher pre-bell Friday as traders anticipated a peace deal between the US and Iran finally being completed and the Strait of Hormuz reopened.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.5% higher.The draft version of the memorandum of understanding includes a commitment from the US to lift oil sanctions and a pledge from Iran to reopen the Strait of Hormuz, according to a CNBC report citing Iranian state media. The two nations could sign the agreement as early as next week, Bloomberg reported, citing senior officials.President Donald Trump said in a post on Truth Social that he had cancelled planned strikes on Iran, as talks with Iranian leadership had resulted in final points being "approved by all parties involved."Traders took note of the latest round of earnings, with Adobe (ADBE) reporting higher fiscal Q2 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.4% at $87.32 per barrel and US West Texas Intermediate crude 3.4% lower at $84.72 per barrel.The University of Michigan consumer sentiment index for June, slated for 10 am ET, is expected at 46.0, up from 44.8 previously.

Dow JonesNasdaq CompositeS&P 500$ADBE

Asia45d ago

Brazilian Regulator Completes Inspection of Concord Biotech's Limbasi Facility

Concord Biotech (NSE:CONCORDBIO, BOM:543960) completed a four-day regulatory inspection for its Limbasi manufacturing facility in India.The Brazilian Health Regulatory Agency's ANVISA inspection confirmed the company's quality and regulatory standards and supports its international expansion plans, according to a Friday filing from the biopharmaceutical company.

BOM:543960NSE:CONCORDBIO

Wire45d ago

Rocket Pharmaceuticals Closes $180 Million Sale of Pediatric Priority Review Voucher

Rocket Pharmaceuticals (RCKT) has closed the $180 million sale of its rare pediatric disease priority review voucher, the company said Friday.The voucher was granted by the US Food and Drug Administration in March 2026 in connection with the approval of Kresladi, Rocket's gene therapy for severe leukocyte adhesion deficiency-I, a rare and life-threatening primary immunodeficiency disease, the company said.The sale increases Rocket's cash, cash equivalents and investments to around $322.6 million, which is expected to fund operations into Q2 2028, the company said.Shares of the company were up 5.3% in Friday premarket trading.

$RCKT

Research45d ago

Bernstein Initiates e.l.f. Beauty at Market Perform

e.l.f. Beauty (ELF) has an average rating of overweight and mean price target of $71.62, 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)

$ELF

Equities45d ago

Venture Global Closes Debt Offering

Venture Global (VG) closed an offering of $1.13 billion of 6.375% senior secured notes due Dec. 15, 2034, and $1.13 billion of 6.625% senior secured notes due June 15, 2036, the company said late Thursday.The company used the gross proceeds to fully redeem its outstanding 8.125% senior secured notes due 2028.Venture Global shares were down 1.5% in premarket activity Friday.

$VG

Treasury45d ago

BMO on The Day Ahead in Canada

Canada will release the Q1 National Balance Sheet Accounts at 8:30 a.m. ET on Friday, said Bank of Montreal (BMO).The bank noted that the accounts could show the household debt-to-income ratio declining, although a positive seasonal adjustment could offset the dip. The adjusted ratio has been rising for over a year, but remains more than 10 percentage points below the all-time high reached in 2022.The Bank of Canada keeps an eye on elevated debt levels for signs of household vulnerability amid an otherwise lacklustre economic backdrop, pointed out BMO.Also at 8:30 a.m. ET on Friday, new motor vehicle sales are expected to come in 5% below year-ago levels in April, stated the bank.The US dollar (USD) index is little changed, while the Canadian dollar (CAD or loonie) is a bit weaker early Friday at $1.398 (71.5 cents US), according to BMO.

$CAD$CXY$USD

Asia45d ago

Bajaj Finance Raises INR45.1 Billion Through Debenture Allotment

Bajaj Finance (NSE:BAJFINANCE, BOM:500034) raised 45.1 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.The company allotted 450,000 non-convertible debentures with a face value of 100,000 rupees each in two tranches.In the first tranche, the company allotted 200,000 debentures with a coupon rate of 7.93% per annum. These are scheduled to mature on June 12, 2029.In the second tranche, the company allotted 250,000 non-convertible debentures with a coupon rate of 8.00% per annum. They will mature on May 12, 2031.The debentures are proposed to be listed on the wholesale debt market segment of BSE, the filing said.

BOM:500034NSE:BAJFINANCE

Asia Markets45d ago

UAE Indices Rebound; Dubai's Emaar Properties Soars

United Arab Emirates equities were back in the green on the last trading day of the week, buoyed by optimism over a possible US-Iran peace deal. At the close of Friday trading, the FTSE ADX General Index added 2.718%, while the DFM General was up 3.84%.US President Donald Trump, in a post on his social media platform Truth Social, said that he is canceling planned attacks on Iran after approval of discussions with Iran's "highest level" leadership. Trump also told White House reporters that a peace deal could be signed over the weekend in Europe.While markets await Iran's official confirmation on the proposed deal, Bloomberg News reported, citing G7 officials, that both countries are moving closer towards signing the agreement, which could take place in Geneva."It's not the first time we've been in this position. Trump has said many times before that a deal is very close, only for hostilities to resume. However, there does appear to be more positive noise around the deal this time, not just from the US but also from other parties involved in the negotiations," ING said. "Obviously, the key is the message coming out of Tehran. And for now, it has been very quiet. Therefore, we would be cautious about assuming that the extension of the ceasefire is a done deal."Closer to home, the Central Bank of the UAE and the World Bank Group agreed to collaborate on financial literacy, digital fraud prevention, and financial dispute resolution as part of an ongoing partnership between the two lenders.Over to corporates, Real estate developer Emaar Properties (DFM:EMAAR) was the Dubai bourse's most traded stock by value and closed 8.33% higher after announcing plans to disclose a 200 billion-dirham master-planned development in Dubai.International Holding Co. (ADX:IHC) shares closed the session flat as it launched the first tranche of its 5 billion-Emirati-dirham share repurchase program to buy back 1.8 billion dirhams worth of shares on Friday.The UAE bourses will be out on June 15 for the new Hijri Year 1448 or the Islamic New Year.

^DFMGI^FADGIADX:IHCDFM:EMAAR

US Markets45d ago

Stocks Rise Pre-Bell Amid Media Reports of US-Iran Peace Deal Progress

The benchmark US stock measures were pointing higher before the open Friday amid media reports that the US and Iran are nearing a peace deal, while investors prepare for SpaceX's (SPCX) market debut.The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.6% and the Nasdaq added 0.2% in premarket activity. All three indexes finished the previous trading session with their biggest one-day percentage gains since April 8.The US and Iran are nearing a tentative peace deal, with a potential signing possibly coming as soon as Sunday, Bloomberg News reported, citing people familiar with the matter. Iranian state media reported a draft of the deal included a commitment from Washington to lift oil sanctions on Tehran, while Iran would agree to reopen the Strait of Hormuz within 30 days, according to CNBC.In a social media post on Thursday, President Donald Trump said 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," according to Trump. "The naval blockade will remain in full force and effect until this transaction is finalized."West Texas Intermediate crude oil dropped 3.2% to $84.95 a barrel before the opening bell, while Brent declined 3.1% to $87.62.The Organization of the Petroleum Exporting Countries lowered its global oil demand growth forecast for this year, but raised its expectations for 2027.Space Exploration Technologies, widely known as SpaceX, on Thursday priced its initial public offering at about $135 per share for 555.6 million Class A shares, raising gross proceeds of nearly $75 billion.The company is scheduled to begin trading Friday.US producer prices rose more than projected in May, matching the previous month's pace, while the annual increase reached the highest since late 2022 amid surging energy costs, government data showed Thursday. Earlier in the week, consumer price data showed inflation accelerating to the fastest pace in about three years last month.Treasury yields were down in premarket action, with the two-year rate retreating 1.2 basis points to 4.06%, while the 10-year rate was off 0.8 basis points to 4.46%.Friday's economic calendar also has the preliminary University of Michigan consumer sentiment report for June at 10 am ET, while the weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Shares of Adobe (ADBE) fell 6.4% pre-bell after the software maker reported its latest quarterly results and announced the departure of its Chief Financial Officer Dan Durn. Lennar (LEN) decreased 2.4% as the homebuilder issued a downbeat fiscal third-quarter home delivery outlook.Gold advanced 3% to $4,236 per troy ounce, while bitcoin was slightly in the green at $63,620.

Dow JonesNasdaq CompositeS&P 500$ADBE$LEN$SPCX$TSLA

International45d ago

Sinking Oil Prices, Rising Peace Hopes Lift European Bourses Midday

European bourses tracked solidly higher midday Friday as traders digested media reports of a possible peace deal between Washington and Tehran, and weighed sinking oil prices.Bank, property and tech stocks led gains on continental trading floors, while oil shares lagged.Front-month North Sea Brent crude-oil futures traded on the cusp of $87 a barrel midday, after cresting near $94 a barrel on Thursday.Investors also eyed Wall Street futures flashing green, and solidly higher closes overnight on Asian exchanges.In other news, Elon Musk's SpaceX is slated to start trading on the Nasdaq in New York at the opening bell, with IPO shares priced at $135 each. The offering, the largest IPO in history, plans to raise $75 billion, resulting in a $1.77 trillion market cap for the enterprise, which operates spacecraft and the Starlink satellite system.The pan-continental Stoxx Europe 600 Index was up 1.6% mid-session.The Stoxx Europe 600 Technology Index was up 1.4%, and the Stoxx 600 Banks Index gained 3.9%.The Stoxx Europe 600 Oil and Gas Index eased 2.6%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.8%.The REITE, a European REIT index, rose 1.9%.On the national market indexes, Germany's DAX was up 1.7%, and the FTSE 100 in London gained 1.3%. The CAC 40 in Paris was up 1.9%, and Spain's IBEX 35 lifted 2.3%.Yields on benchmark 10-year German bonds were lower, near 2.99%.The Euro Stoxx 50 volatility index was down 9.9% at 19.13, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

^SXXP

Insider Trading45d ago

Church & Dwight Co Insider Sold Shares Worth $842,543, According to a Recent SEC Filing

Robert K Shearer, Director, on June 11, 2026, sold 8,600 shares in Church & Dwight Co (CHD) for $842,543. Following the Form 4 filing with the SEC, Shearer has control over a total of 41,058 common shares of the company, with 41,058 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/313927/000031392726000271/xslF345X05/form4.xml

$CHD

International45d ago

India's Forex Reserves Fall to $681.6 Billion

India's foreign exchange reserves fell by $711 million to $681.6 billion for the week ended June 5, according to the Reserve Bank of India on Friday.This compares with a $938 million increase recorded in the previous week.Foreign currency assets, the largest component of the reserves, fell by $2.7 billion to $543.4 billion, while gold reserves increased by $1.98 billion to $114.6 billion.

^BSENifty 50

Asia45d ago

Bajaj Housing Finance Raises INR20.3 Billion Through Debenture Allotment

Bajaj Housing Finance (NSE:BAJAJHFL, BOM:544252) has raised 20.3 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.The company allotted 200,000 debentures at a face value of 100,000 each with a coupon rate of 8.25% per annum, the filing said.The debentures are proposed to be listed on the wholesale debt market segment of the BSE and mature on May 27, 2031.

BOM:544252NSE:BAJAJHFL

Commodities45d ago

ExxonMobil Reports Maintenance at Beaumont, Texas Refining Facility

US energy major ExxonMobil (XOM) is conducting maintenance activity at its Beaumont facility in Texas, it said on Wednesday in a community alert message."ExxonMobil Beaumont Complex will begin maintenance activity 6/10/26 @ 3:15 resulting in increased activity and flaring not typical of normal operations," the message said.The nature and the duration of the work was not mentioned in the message.Exxon's Beaumont petrochemical manufacturing complex, comprises of a 630,000 barrels per day refinery, a chemical plant, a polyethylene plant and lubricant blending and packaging plant, according to the company's website.has reached out to Exxon for details.

$XOM

Mining & Metals45d ago

Questor Technology Postpones Annual General Meeting, Notes Statement of Claim Filed by Former CEO

Questor Technology (QST.V) has postponed its annual general meeting, originally scheduled for June 15, as a result of a delay in the meeting materials, the company said late on Thursday.The delay was due to an inadvertent error by the third-party service provider engaged by Questor to conduct such filings, as well as concerns that some shareholders have not received the materials mailed to them.The postponement was also due to legal proceedings initiated on June 8 by the company's former president and chief executive officer, Audrey Mascarenhas, whose employment was terminated effective April 20.Mascarenhas has filed a statement of claim at the Court of King's Bench of Alberta against Questor, each independent director of Questor's board and the company's chief financial officer for wrongful termination.The independent directors and management dispute the allegations and intend to respond accordingly.The meeting will be rescheduled by no later than Sept. 24.

$QST.V

Asia45d ago

Market Chatter: Prestige Estates Projects Targets INR600 Billion Sales Value in Fiscal 2027

Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) is targeting projects with an estimated sales value of 600 billion Indian rupees in fiscal 2027 as it prepares to launch developments across India, Bloomberg reported Friday, citing Prestige Chairman Irfan Razack.This would mark a 43% jump in sales value compared with the previous fiscal year, ended March 31, the report said.Prestige plans to launch projects in Delhi-NCR, Mumbai, Bengaluru, Hyderabad and Chennai, according to the report. Razack told Bloomberg that the company has land and inventory ready, while the timing of project launches will depend on regulatory approvals. He said that the company deferred major project launches during the quarter ending June due to delays in regulatory approvals.The recently launched Golden Grove project in Hyderabad has an estimated sales value of about 90 billion rupees, Razack told Bloomberg. Prestige holds a 73% stake in the project, the report noted.(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.)

BOM:533274NSE:PRESTIGE

Research45d ago

Bernstein Initiates Keurig Dr Pepper at Outperform

Keurig Dr Pepper (KDP) has an average rating of overweight and mean price target of $33.57, 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)

$KDP

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US Markets45d ago

Stocks Rise Pre-Bell Amid Media Reports of US-Iran Peace Deal Progress

Dow JonesNasdaq CompositeS&P 500$ADBE$LEN$SPCX$TSLA