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Deutsche Bank Downgrades Dollar General to Hold From Buy, Cuts Price Target to $110 From $170

Dollar General (DG) has an average rating of Hold and mean price target of $138.26, 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)

$DG

Research49d ago

Stephens Initiates Lamb Weston at Equalweight With $46 Price Target

Lamb Weston (LW) has an average rating of hold and mean price target of $44.70, 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)

$LW

Research49d ago

Jefferies Initiates Fervo Energy at Hold With $42 Price Target

$FRVO

Research49d ago

Deutsche Bank Downgrades Verra Mobility to Hold From Buy, Adjusts Price Target to $9 From $22

Verra Mobility (VRRM) has an average rating of overweight and mean price target of $16.86, 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)

$VRRM

International49d ago

MBA US Mortgage Applications Plunge in Week Ended May 22 as Mortgage Rates Increase

Mortgage applications fell by 8.5% in the week ended May 22 as a sharp increase in mortgage rates pushed down refinancing activity and new home applications, according to Mortgage Bankers Association data released Wednesday.This follows a 2.3% decrease in overall activity in the week ended May 15.Applications for refinancing loans declined by 18%, while new purchase applications fell by a seasonally adjusted 0.4%.The average contract interest rate for 30-year fixed mortgages with loan balances of $832,750 or less rose to 6.65% from 6.56% in the previous week."The 30-year fixed rate has increased 30 basis points over the past five weeks to its highest level since August 2025," said Joel Kan, MBA's vice president and deputy chief economist. "With the rate now at 6.65%, many borrowers understandably backed away from refinancing last week."At the same time, purchase applications ticked lower but were still above their year-ago level."The average loan size for a purchase application reached another survey high at $473,600, as borrowers with smaller loan sizes were less active given the higher rate environment and its negative impact on their purchasing power," Kan said.

Asia49d ago

Jarden Adjusts ASX Limited's Price Target to AU$55.30 from AU$58.75, Keeps at Neutral

ASX (ASX:ASX) has an average rating of hold and mean price target of AU$54.94, 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)

ASX:ASX

Mining & Metals49d ago

Colliers International Completes Ayesa Engineering Buy

Colliers International Group (CIGI.TO, CIGI) completed its previously announced acquisition of Ayesa Engineering S.A.U., the engineering division of Ayesa Inversiones S.L.U., the company said on Wednesday."This acquisition strengthens our ability to serve clients in attractive, high-growth markets across Europe, Latin America, the Middle East and South Asia, while broadening our technical capabilities on a global scale," said Colliers Chief Investment Officer and CEO of Engineering Elias Mulamoottil.Shares closed down 1.3% to $132.78 on Tuesday on the Toronto Stock Exchange.

$CIGI.TO

Mining & Metals50d ago

Olympia Financial Group Cuts Monthly Dividend to $0.50

Olympia Financial Group (OLY.TO) has cut its monthly cash dividend by $0.10, to $0.50, the company said on Wednesday.The reduced dividend kicks in from June.On an annualized basis, dividends on Olympia's shares will decrease from $7.20 to $6.00.Olympia's shares closed up $2.75, to $114.00 on Tuesday on the Toronto Stock Exchange.

$OLY.TO

Mining & Metals50d ago

National Bank Reports Q2 Adjusted Earnings Beat, Revenue Growth; Raises Dividend

National Bank of Canada (NA.TO) on Wednesday lodged a beat in adjusted earnings and revenues for the second quarter, citing "good performance across the business segments and lower provisions for credit losses", while the lender also announced an increased dividend.For the second quarter, National Bank reported adjusted net income of $1,303 million, up 12% from $1,166 million in the same period of 2025. It excluded specified items recorded in the second quarters of 2026 and 2025 mainly related to the acquisition of Canadian Western Bank, the bank said.Adjusted diluted earnings per share stood at $3.23 compared with $2.85 a year earlier. FactSet estimated $3.13.The bank also reported a net income of $1,234 million, up 38% from $896 million in the second quarter of 2025, the increase being attributable to "good performance across the business segments and lower provisions for credit losses, particularly due to the initial provisions for credit losses recorded in the second quarter of 2025 on acquired non-impaired Canadian Western Bank (CWB) loans". Diluted earnings per share stood at $3.06, up 41% from $2.17 in the second quarter of 2025.Total revenue climbed 7% to $3,907 million in three-month period ended on April 30, ahead of the FactSet estimate of $3,813.5 million.In Personal and Commercial, provisions for credit losses were down $257 million, mainly due to initial provisions for credit losses of $230 million on acquired non-impaired CWB loans recorded in 2025.The bank's board also declared dividend of $1.32 per common share, up $0.08 or 6%, payable on August 1, 2026, to shareholders of record on June 29, 2026."We delivered strong growth in the second quarter, reflecting the diversification of our business and continued client activity across our franchises. Our performance was further supported by credit discipline, CWB-related synergies and share buybacks," said Laurent Ferreira, CEO of National Bank of Canada."In the context of heightened macroeconomic uncertainty, we remain well positioned to support our clients, and continue delivering strong earnings growth and return on equity, while maintaining robust capital levels," concluded added Ferreira.Shares closed down $0.98 at $212.40 in Toronto on Tuesday.

$NA.TO

International50d ago

US Futures Advance Premarket Wednesday, Extending Tech-Led Gains From AI Optimism

US futures were advancing hours before market open Wednesday, as Tuesday's technology-led rally continues amid renewed confidence on artificial intelligence.In the futures, the S&P 500 was 0.3% higher, the Nasdaq gained 0.5%, and the Dow Jones advanced by 0.4%.Asian markets were mixed at Wednesday's close, while most European bourses were tracking higher around midday.Early movers include Zscaler (ZS), which was down more than 23% following its fiscal Q3 report, while Micron Technology (MU) was advancing past 5%, extending gains after its market capitalization eclipsed $1 trillion for the first time on Tuesday.Marvell Technology (MRVL), Salesforce (CRM), PDD Holdings (PDD), and Bank of Montreal (BMO) are among the companies releasing quarterly reports within the day.On the economic calendar are reports on MBA Mortgage Applications at 7am ET, Richmond Fed Manufacturing Index at 10am ET, and Survey of Business Uncertainty at 11am ET.In premarket action, Bitcoin traded at $75,779, West Texas Intermediate crude oil traded 3.8% lower at $90.33, and 10-year US Treasuries offered 4.47%. Spot gold traded for $4,449 an ounce.

Dow JonesNasdaq CompositeS&P 500

International50d ago

MBA US Mortgage Applications Fall 8.5% in Week Ended May 22 After 2.3% Decrease in Prior Week

Mining & Metals50d ago

Gran Tierra Energy Up 2.35% In US Premarket As Satisfies Conditions Precedent for Tisquirama Contract

Gran Tierra Energy (GTE.TO) has satisfied all outstanding conditions precedent to the effectiveness of a contract with Ecopetrol that will earn GTE a 49% working interest in the Tisquirama block in Colombia, the company said on Wednesday.The contract allows Gran Tierra to "apply its waterflood expertise and operational model to assets with significant original oil in place that have historically seen limited secondary recovery and relatively low recovery factors", it added.The Tisquirama block contains the Tisquirama and San Roque fields, which are adjacent to Gran Tierra's operated Acordionero field and share similar geological characteristics.Gran Tierra is expected to focus initial Phase 1 capital activity on waterflood expansion from the Acordionero field into the adjoining fields before accelerating development through wellbore optimization and low-risk infill drilling. Completion of Phase 1 is achieved with a minimum of US$15 million of gross capital expenditures and implementation of continuous water injection, which is currently anticipated to be achieved in the first quarter of 2027, subject to approval of the corresponding plans by the executive committee, GTE said.Upon completion of Phase 1, Gran Tierra will receive 49% of existing base production in addition to 49% of incremental production. The Fields averaged approximately 2,500 boepd on a gross basis during 2025.:Gran Tierra expects the Tisquirama Contract to create meaningful operational synergies with Acordionero, including integrated water management, the potential implementation of gas-to-power projects utilizing natural gas production in the area, and the opportunity to manage the Fields as a single operating hub to improve efficiency and maximize long-term value," the company added.Shares in GTE were up $0.05 to $11.30 in Canada yesterday.

$GTE.TO

Research50d ago

Research Alert: CFRA Maintains Hold Opinion On Adss Of Nio Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our target price to USD5.50 (from USD7), which implies a 2026 P/S of 0.66x (below its three-year mean of 1x), on our projected slower two-year revenue CAGR of 29% (vs. its historical five-year CAGR of 40% through 2025). We project revenue to grow 33%/25% in 2026/2027, assuming the number of car deliveries will increase by 40%/30% in 2026/2027, led by demand for upcoming new models (including the ONVO L80, ES9, and five-seat ES7). We expect non-GAAP net losses to narrow, supported by an improved product mix and enhanced scale efficiencies. Nevertheless, intensifying price competition and cost inflation are likely to hinder growth outlook and delay profitability improvement, with breakeven unlikely to materialize before 2028. Despite improving margin trajectory in Q1, we see near-term pressure and slower growth (China NEV sales dropped 21% Y/Y in Q1 2026) amid a gradual phase-out of NEV subsidies and softer demand. We maintain our non-GAAP LPADS forecast at CNY0.42 for 2026 and 2027's at CNY0.09.

$NIO

Equities50d ago

Update: Former BP Chairman to Challenge Ouster

(Updates with more details)BP's (BP.L) ousted Chairman Albert Manifold plans to challenge his termination, claiming he was removed without prior warning or explanation, Bloomberg News reported Wednesday, citing an emailed statement from Manifold."I dispute entirely the characterization of my conduct and I will not allow a false narrative to go unchallenged," Manifold reportedly said.People close to BP told Bloomberg that complaints against Manifold included allegations of aggressive behavior toward employees, mishandling sensitive information and attempts to bypass the board.Meanwhile, a same-day BBC report said allegations of "bullying" and "overbearing" behavior were among the factors behind Manifold's removal.The British oil giant's board on Tuesday decided unanimously to terminate Manifold's employment as chair, citing concerns "related to important governance standards, oversight and conduct."BP did not immediately respond to a request for comment from.

$BP.L

Asia50d ago

Indian Equities Fall Marginally Amid Wobbly US-Iran Peace Talks

Indian benchmarks ended on a flat note on Wednesday as investors turned cautious amid mixed signals coming from the U.S.-Iran talks.Washington and Tehran have been in negotiations to end the war, but recent attacks from the U.S. are now complicating peace efforts.Iran said the U.S. had breached a ceasefire by striking targets ⁠near the Strait of Hormuz. In response, the U.S. claimed the strikes were an act of self-defense.At close, BSE Sensex slipped 141.89 points, or 0.2%, to 75,867.81, while Nifty 50 fell marginally to 23,907.15.In corporate news, shares of Gillette India (NSE:GILLETTE, BOM:507815) jumped 6% after reporting its profit rose to 1.93 billion Indian rupees in the fiscal fourth quarter ended March 31 from 1.59 billion rupees a year ago.Meanwhile, shares of Goldiam International (NSE:GOLDIAM, BOM:526729) rose marginally after announcing its consolidated net profit climbed to 393.9 million Indian rupees in the fiscal fourth quarter from 270.2 million rupees a year ago.

^BSENifty 50BOM:507815NSE:GILLETTE

Research50d ago

Update: Mizuho Initiates Century Therapeutics at Outperform With $8 Price Target

(Updates to add price target.)Century Therapeutics (IPSC) has an average rating of buy and mean price target of $5.12, 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)

$IPSC

Equities50d ago

Gran Tierra Secures 49% Stake in Colombia's Tisquirama Block From Ecopetrol

Gran Tierra Energy (GTE) said Wednesday that it has finalized all conditions tied to its previously announced agreement with Ecopetrol (EC) to acquire a 49% working interest in Colombia's Tisquirama block, expanding its footprint in the Middle Magdalena Valley Basin.The block includes the Tisquirama and San Roque fields, which produced about 2,500 barrels of oil equivalent per day on a gross basis in 2025, it said.Gran Tierra added that the assets sit adjacent to its operated Acordionero field and offer potential operational synergies due to similar geology and shared infrastructure.Under the agreement, Gran Tierra said it plans to initially focus on expanding waterflood operations from Acordionero into the Tisquirama fields, alongside well optimization and low-risk infill drilling. The company said it expects to complete Phase 1 of the project by Q1 of 2027 after investing at least $15 million in gross capital expenditures and implementing continuous water injection.Once Phase 1 is completed, Gran Tierra said it will receive 49% of both the fields' existing base production and incremental production.

$EC$GTE

Research50d ago

RBC Initiates Agilent Technologies at Outperform With $153 Price Target

Agilent Technologies (A) has an average rating of overweight and mean price target of $160.73, 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)

Research50d ago

Daiwa Securities Starts Shanghai Biren Technology at Buy with HK$100 Price Target

HKG:6082

Research50d ago

Wells Fargo Initiates Kodiak Gas Services at Overweight With $93 Price Target

Kodiak Gas Services (KGS) has an average rating of buy and mean price target of $81.21, 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)

$KGS

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Mining & Metals50d ago

National Bank Reports Q2 Adjusted Earnings Beat, Revenue Growth; Raises Dividend

$NA.TO