Financial News · Live Terminal

Page 1301 of 2665

JPMorgan Adjusts TJX Companies Price Target to $176 From $174, Maintains Overweight Rating

CAVA's 'Bullish' Narrative Remains After Strong Q1, Morgan Stanley Says

CAVA Group's (CAVA) "bullish" narrative remains intact after the company reported a strong Q1 performance, Morgan Stanley said in a report Wednesday."A strong 1Q we think a bit ahead of healthy expectations, which should support the stock, though probably doesn't change the bullish narrative much," the report said.The report said CAVA was, and remains, priced to beat guidance, pointing to Q1 beat and some early Q2 momentum."This remains conservative if the year continues to trend similarly," the note said, adding that the main reservation on the stock is valuation."But we skew positive on the unit rollout and brand potential, and data points continue to support an optimistic view there with strong new store performance," the report said.Morgan Stanley raised its price target to $86 from $85 while maintaining an equal weight rating.Price: $83.49, Change: $+5.37, Percent Change: +6.87%

$CAVA

Mining & Metals53d ago

BMO Capital Markets Begins Coverage of Lumina Metals

BMO Capital Markets on Wednesday launched coverage of Lumina Metals (LMCU.TO) with an outperform, speculative. rating and C$17.00 price target.Lumina Metals, part of Lumina Group, is advancing the Nowa Sol, Sulmierzyce, and Mozow copper-silver projects in Poland.The projects represent some of the most significant copper-silver discoveries in Europe in recent decades, BMO said.The price target implies 0.6x of BMO's fully diluted net asset value estimate and a 42% return.Price: $12.00, Change: $+0.05, Percent Change: +0.42%

$LMCU.TO

Commodities53d ago

MISO Coal Power Margins Outpaced Natural Gas in Early 2026, EIA Says

US coal-fired power plants in MISO remained more profitable than natural gas facilities during the first four months of 2026, the Energy Information Administration said Wednesday.Coal generation economics in the Midcontinent Independent System Operator strengthened as dark spreads continued to exceed spark spreads through early 2026.Dark spreads measure the difference between coal-fired generation fuel costs and wholesale electricity prices, while spark spreads track profitability for natural gas-fired generation relative to fuel expenses.The profitability gap between coal and natural gas generation widened sharply during Winter Storm Fern in January, when the dark-spark spreads climbed to $530 per megawatt-hour.Dark spreads in MISO started staying above spark spreads in late 2024. During 2025, dark spreads more than doubled with a 111% increase, while spark spreads posted a smaller 18% rise.MISO electricity prices climbed 44% from 2024 to 2025, but coal prices increased only 3% during the same period, pushing dark spreads higher to $23/MWh from $11/MWh.Higher natural gas costs offset much of the benefit from rising electricity prices as natural gas prices jumped 63% from 2024 to 2025, while spark spreads increased only to $14/MWh from $12/MWh.During Winter Storm Fern, MISO power prices moved above $260/MWh between Jan. 26 and Jan. 28, even though electricity demand stayed 11% lower than comparable weekdays before the storm.Strong heating demand during the storm lifted natural gas prices sharply to $549/MWh on Jan. 27 from $25/MWh on Jan. 20, while coal prices remained mostly unchanged because coal shipments typically require nearly one month for delivery.In the first four months of 2026, dark spreads averaged $28/MWh, marking a 39% increase from the same period in 2025, while spark spreads averaged $9/MWh, up 15% over the year, the Energy Information Administration said.

Wire53d ago

Acadian Well-Positioned to Benefit as Systematic Strategies Gain Momentum, RBC Says

Acadian Asset Management (AAMI) is well-positioned to benefit as systematic strategies gain traction across the industry and clients seek more consistent investment outcomes, RBC Capital Markets said.Management believes the serviceable addressable market for Acadian's strategies is about $18 trillion in assets under management, with a projected 10% five-year compound annual growth rate across institutional equity, wealth management equity and active credit opportunities, according to the note Tuesday.The systematic credit area remains nascent across the industry, and RBC said potential adoption and growth could be somewhat slower than for Acadian's systematic equity products.Management also highlighted potential opportunities across global sub-advisory, non-US intermediaries, US ultra-high-net-worth investors and US defined contribution markets, the note added.RBC reiterated its sector perform rating and $66 price target on Acadian Asset Management.Shares of Acadian Asset Management were up 2.7% in Wednesday trading.Price: $69.92, Change: $+1.81, Percent Change: +2.66%

$AAMI

Wire53d ago

Hasbro's Weak Consumer Product Performance Overshadows First-Quarter Beat

Hasbro (HAS) reported a first-quarter operating loss for the consumer products division on Wednesday amid largely flat sales even as the toymaker delivered stronger-than-expected results at the consolidated level.The segment's adjusted operating loss increased by 31% year over year to $40.5 million."The loss reflects higher royalty expense, incremental tariffs and the impact of prior year licensing strength," Chief Financial Officer Gina Goetter said on an earnings call, according to a FactSet transcript.Revenue for the consumer products business slipped to $397.9 million from $398.3 million a year ago as gains in Europe and Latin America were countered by declines in North America. Asia Pacific sales were flat.Higher toy and game volume failed to lift the segment as licensing revenue fell due to a tough comparison, Goetter told analysts.Shares of Hasbro, home to GI Joe action figures and digital games such as "Magic: The Gathering," plunged 8.3% intraday Wednesday. The stock is up 8.7% year-to-date.Consolidated revenue for the quarter ended March 29 jumped 13% annually to $1 billion, exceeding the FactSet-polled consensus estimate of $969.2 million. Adjusted earnings rose to $1.47 per share from $1.04 a year earlier, compared with analysts' $1.20 view."Product mix and scale were more than able to offset the headwind of higher royalty and operating expense," Goetter said on the call.Sales within the Wizards of the Coast and digital gaming division rose 26% to $582 million.For 2026, Hasbro continues to expect overall revenue to rise 3% to 5% at constant currencies. Analysts are looking for full-year sales of $4.96 billion, up from $4.70 billion reported for 2025."The macro environment continues to require agility, including absorbing and offsetting the impact of rising oil costs across the business, which impacts our freight, resin and packaging costs," Goetter said on the call. "While the impact of higher inputs won't be realized until the back half of 2026, we have several actions underway across a variety of operating levers, including freight optimization, mix management, and operating spend reductions to mitigate the impact."Price: $89.26, Change: $-7.92, Percent Change: -8.15%

$HAS

Wire53d ago

OSI Systems Positioned for Earnings Growth After Solid Q3, Oppenheimer Says

OSI Systems (OSIS) is positioned to deliver its 10th and 11th consecutive years of adjusted EPS growth following a solid Q3, Oppenheimer said in a Wednesday note.The firm said Q3 results remained broadly consistent with the company's longer-term performance trends despite some softer near-term undercurrents, including lighter free cash flow, slower services growth and weaker smaller-scale security project orders.Oppenheimer noted that comparable recurring services revenue rose nearly 20%, while the company's pipeline of cargo and aviation projects remains strong.The firm also said accelerated share repurchases appear increasingly likely in 2026.Oppenheimer maintained its outperform rating on OSI Systems with a $320 price target.Price: $208.97, Change: $-0.04, Percent Change: -0.02%

$OSIS

Wire53d ago

Palo Alto Networks Set to Report 'Solid' Fiscal Q3 as Firewall Refresh Cycle Continues, Morgan Stanley Says

Palo Alto Networks (PANW) is expected to report a "solid" fiscal Q3 amid positive partner feedback, healthy demand for firewall refreshes, and continued momentum in its platformization, Morgan Stanley said in a note Wednesday.The firm said recent channel checks suggest demand trends remain strong for the company. Many partners reported results that were in line with or above expectations, with continued strength tied to firewall refresh activity and increasing traction for Palo Alto's artificial intelligence-related security capabilities, the firm said.The firm said Palo Alto's fiscal Q3 remaining performance obligations, or RPO, are expected to come in slightly above the midpoint of guidance, closer to roughly 33% year-over-year growth. Current RPO growth is also expected to exceed consensus expectations of 28% to 29% year over year, the firm said.The company is also projected to post stronger-than-guided product revenue growth, potentially exceeding management's about 25% year-over-year target, the firm said.Morgan Stanley raised its price target on Palo Alto Networks to $253 from $223 while keeping its overweight rating. The company is scheduled to report its fiscal Q3 results on June 2.Price: $245.16, Change: $+5.03, Percent Change: +2.09%

$PANW

Wire53d ago

Rubrik Benefits From Rebounding Backup, Recovery Demand, Oppenheimer Says

Rubrik (RBRK) is benefiting from rebounding backup and recovery/cyber-resilience demand given its improving product leadership in several workloads, Oppenheimer said in a note Wednesday.The company has outperformed competitors and survey checks indicated that Rubrik is the vendor of choice for on-premise, SaaS, and data security workloads, according to the note.Rubrik's products and platform are positioned to gain sales traction, with resellers vouching for their competitive edge, Oppenheimer said. In addition, higher memory pricing does not appear to be weighing down demand as the company is focused on mission-critical workloads, analysts said.The company is expected to beat estimates and raise its fiscal 2027 guidance when it reports fiscal Q1 earnings on June 4, the brokerage said.Oppenheimer upgraded Rubrik to outperform from perform, with a price target of $85.Shares of Rubrik were up more than 2% in Wednesday trading.Price: $65.86, Change: $+1.53, Percent Change: +2.38%

$RBRK

Wire53d ago

BJ's Wholesale Club Needs Sales Consistency, Improvement for Bullish Outlook, BofA Says

BJ's Wholesale Club (BJ) needs to show proof of growth consistency and improvement in comparable sales for a positive recommendation to buy its stock, BofA Securities said in a Wednesday note reinstating coverage of the company.The company's warehouse club model of offering gas and bulk product discounts can potentially perform well if oil prices remain elevated for longer, BofA analysts said. High oil prices could potentially provide upside to their projection of comparable sales growth excluding gas of 2.5%, but the uncertainty of the length of the conflict in the Middle East makes itdifficult to quantify the benefits, the analysts said.In an expansion push, BJ's has expanded outside its stronghold in the Northeast US into other states, including Tennessee and Texas, among others. The company needs to demonstrate that it can accelerate its comparable sales in the new markets to reduce its valuation gap versus competitor Costco (COST), according to the note.BofA reinstated coverage of the company's stock with a rating of neutral and a price target of $110.Price: $95.94, Change: $-1.72, Percent Change: -1.76%

$BJ$COST

Treasury53d ago

UBS Sees Bank of Canada on Hold This Year Despite Markets Pricing for Two Rate Hikes

Canadian headline inflation was up 0.4% in April, not seasonally adjusted, just below the 0.5% increase UBS expected, but a "chunk" below the 0.7% increase consensus expected.This left the annual rate of inflation up 2.8% over the yearin April, a 0.4 percentage point (pp) acceleration versus the 2.4% in March. The headline CPI was boosted by another strong 5.7% rise in energy prices over the month in April, a moderation fromthe 13% in March.Core inflation slowed even further, rising just 0.06% over the month, not seasonally adjusted. That leaves core CPI up 1.5% in the 12 months through April, versus 1.9% in the 12 months through March.The Bank of Canada's preferred core inflation measures both moderated. The trimmed mean measure fell 0.2 pp to 2.0% over the year, and the weighted median fell 0.2 pp to 2.1%.The BoC has signaled a willingness to look through the energy-driven pickup in headline inflation. UBS expected that the BoC would be focusing on dynamics in core inflation, and in particular, its preferred measures of core inflation, both of which came in softer than expected.The breadth of inflation pressures, which narrowed in April, is also a key thing to watch. UBS predicts the BoC will remain on hold this year, despite the current market pricing for two rate hikes.

$CXY

Wire53d ago

Keysight Technologies Seeing 'Broadening Out of Strength' Across Portfolio, Morgan Stanley Says

Keysight Technologies' (KEYS) growth is broadening across the company's portfolio as demand tied to artificial intelligence, aerospace and defense, semiconductors and wireless markets remains strong, Morgan Stanley said in a Wednesday note.The investment firm said AI revenue grew more than 100% year over year in H1, while aerospace and defense revenue rose 24% and semiconductor revenue also increased 24%. The firm added that wireless demand remained in double-digit growth territory.Analysts said they were encouraged by the durability of the company's growth drivers given the early stages of 6G development and multi-year investment trends in aerospace and defense.Morgan Stanley also said Keysight has the "most room" for further acceleration among mid- to high-single-digit growth companies benefiting from AI or aerospace and defense demand.The brokerage raised its fiscal 2026 revenue growth estimate for Keysight to 28% from 23% and increased its adjusted earnings-per-share estimate to $10.20 from $8.90. It also lifted its fiscal 2027 adjusted EPS estimate to $11.67 from $10.23.Morgan Stanley reiterated its equalweight rating on the stock and raised its price target to $350 from $305.

$KEYS

Wire53d ago

Dutch Bros' Competitive Fears are Overblown, Oppenheimer Says

Dutch Bros' (BROS) competitive fears are overblown as the stock presents a long-term compounding opportunity with positive revisions likely to become an ongoing theme, Oppenheimer said in a research report emailed Wednesday.The company's unrivaled people culture offers a major competitive advantage, but this dynamic is often overlooked by investors, according to the note.The brokerage said it expects upside to same-store-sales consensus estimates for 2026 as food is driving 400 basis points of sales lifts, loyalty and digital represent underutilized opportunities, and newer markets continue to out-comp system-averages, offering a robust waterfall, analysts wrote.The brokerage said it reiterated its outperform rating on the stock and price target of $72 per share.Price: $54.81, Change: $+2.04, Percent Change: +3.87%

$BROS

Asia Markets53d ago

European Equities Traded in US as ADRs Rise in Wednesday Trading

European equities traded in the US as American depositary receipts rose Wednesday with the S&P Europe Select ADR Index gaining 1.9% to 1,858.59.From continental Europe, the gainers were led by lender Banco Bilbao Vizcaya Argentaria (BBVA) and biopharmaceutical company Grifols (GRFS), which rose 3.5% and 3.3%, respectively. They were followed by pharmaceutical company Sanofi (SNY) and medical device maker EDAP TMS (EDAP), which were up 2.4% and 0.6%, respectively.The decliners from continental Europe were led by petroleum refiner Equinor (EQNR) and telecommunications company Nokia (NOK), which fell 3% and 1.4%, respectively. They were followed by internet advertising firm Criteo (CRTO) and software company SAP (SAP), which were down 1% and 0.9%, respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which climbed 7.1% and 4%, respectively. They were followed by lenders Barclays (BCS) and Lloyds Banking Group (LYG), which each rose 3.4%.The decliners from the UK and Ireland were led by oil and gas companies BP (BP) and Shell (SHEL), which lost 1.3% and 1%, respectively. They were followed by biotech firm Trinity Biotech (TRIB) and tobacco company British American Tobacco (BTI), down 0.9% and 0.5%, respectively.

$BBVA$BCS$BDRX$BP$BTI$CRTO$EDAP$EQNR$GRFS$LYG$NOK$SAP$SHEL$SLN$SNY$TRIB

Mining & Metals53d ago

CIBC Keeps $4.00 Price Target, Neutral Rating on Dye & Durham Despite Q3 Miss

CIBC Capital Market is maintaining a neutral rating and $4.00 price target on the shares of Dye & Durham (DND.TO) even though the company reported a third-quarter earnings miss.Third-quarter revenue was 4% below consensus, while adjusted EBITDA was 1% above, notes analyst Erin Kyle. Volume declines and softer pricing impacted results, with total revenue down 12% Y/Y.While declines in the Legal Software business continued to accelerate, management noted it is shifting from a retention-only strategy and is seeing improvements in new customer acquisitions, win-backs and renewals. Cost saving initiatives have helped offset revenue declines, with adjusted EBITDA margins now stable at 47% over the past two quarters, Kyle adds.Following the sale of Credas, the company also finished the third quarter with a net leverage of 5.5x, below its covenant maximum threshold of 5.8x.Price: $3.00, Change: $+0.15, Percent Change: +5.26%

$DND.TO

Equities53d ago

Berenberg Adjusts Energean Forecasts After Q1 Trading Update, Restart of Israeli Gas Field

Berenberg adjusted its 2026 forecasts for Energean (ENOG.L) following the company's first-quarter trading update, which included guidance from reinstated production in Israel, a reduced first-quarter dividend, and higher capital expenditure projections.In the three months ended March 31, the natural gas-focused exploration and production company reported a 21% year-over-year decline in production, while revenue plummeted 30% to $288 million, mainly driven by the 41-day shutdown of operations in Israel."Energean has reinstated production guidance in Israel at 98-104kboe/d, down 9% at the mid-point. Production guidance in the rest of the portfolio is unchanged. Operating cost guidance is largely unchanged but total capex is now expected to be $800m-860m, up by 8% at the mid-point versus the previous range," analysts said in a Wednesday note. "Overall, our operating forecasts are slightly improved given our previous caution on the Karish gas field shutdown (offshore Israel), and receivables recovery in Egypt means our net debt forecast is largely unchanged for the year despite higher capex."As such, the research firm raised its full-year 2026 production and EBITDA estimates by 5% and 3%, respectively. Meanwhile, it trimmed its dividend projections following the company's lower-than-expected first-quarter dividend of $0.1 per share, adding that it expects a return to $0.3 per share from the second quarter."We leave our 765p price target and Hold rating unchanged with a sustained reduction in net debt needed to increase our confidence in delivering NAV upside and increased shareholder returns," Berenberg added.

$ENOG.L

Mining & Metals53d ago

National Bank of Canada Initiates Coverage of Lumina Metals

National Bank of Canada initiated coverage of Lumina Metals (LMCU.TO) with an outperform rating and C$20 price target, according to a Wednesday note.The bank derived the price target from a 0.70x net asset value (NAV) multiple on a fully financed project NAV plus corporate adjustments at par.The outperform rating is anchored by the large-scale nature of Lumina's flagship Nowa Sol copper-silver project in Poland, which is considered as one of the largest undeveloped copper-silver projects globally, the bank said."We view the large silver resource as adding significant value and optionality to Lumina as a potential funding opportunity through the sale of a stream to fund Nowa Sol construction," National Bank said."Given the large project scale and potential exploration upside combined with the Lumina Group's long record of M&A, we see Lumina Metals as well positioned to be an acquisition target as the company continues to derisk and advance its projects," the bank added.Lumina traded at $11.95 per share at last look Wednesday on the Toronto Stock Exchange.Price: $12.00, Change: $+0.05, Percent Change: +0.42%

$LMCU.TO

Mining & Metals53d ago

Thunderstruck Resources Raises $1.5 Million Via Strategic Investment With Zhaojin; Shares Down 10%

Thunderstruck Resources (AWE.V) shares fell 10% after it closed its previously announced non-brokered private placement raising $1.5 million, it said on Wednesday.The placement consisted of 14.5-million common shares issued at $0.11 apiece, of which Zhaojin International Gold acquired, through a wholly owned unit, 14.2-million shares, representing 19.99% of the company's issued and outstanding shares. Proceeds are expected to be used to fund its 2026 exploration programs on its mineral prospects in Fiji, as well as for general working capital needs.The company and Zhaojin also entered into an investor rights agreement, whereby, subject to certain conditions, including time and ownership thresholds, Zhaojin will have certain rights, including the right initially to appoint one director of the company, and following Jan. 1, 2027, such right will increase to two directors. Zhaojin will also have the right to select a Vice President Exploration to be appointed by the company, provided such appointment is determined within one month following closing.Zhaojin will also have a right to participate in future equity financings to maintain its ownership in the company. Pursuant to the investor rights agreement, Zhaojin has agreed that, for a two-year period, it will not take certain actions without the company's prior written consent.Shares of the company were last seen down $0.015 at $0.13 on the TSX Venture Exchange.Price: $0.13, Change: $-0.02, Percent Change: -10.34%

$AWE.V

Wire53d ago

Newell Brands Faces Lingering Cost Inflation Risks Amid Weak Demand Outlook, Morgan Stanley Says

Newell Brands (NWL) faces continued cost pressures and weaker discretionary demand that could weigh on earnings versus consensus in the back half of 2026 and fiscal 2027, Morgan Stanley analysts said in a Wednesday note.The analysts said the company's semi-discretionary portfolio leaves it exposed to macroeconomic softness, particularly following recent geopolitical disruptions, while limited pricing power may constrain its ability to offset rising input costs.Morgan Stanley highlighted risks from higher oil-related costs and weakening consumer sentiment, which could pressure margins and demand.Flagging more prudent US consumer spending in the coming months as well as demand risk in NWL's international segment, which accounts for about 30% of the sales mix, the analysts warned of pressures on demand and margins.Newell Brands raised its fiscal 2026 outlook, now expecting core sales to fall 1% or rise 1% versus a prior forecast for a range of a 2% decline to flat and adjusted earnings per share of $0.56 to $0.60 versus $0.54 to $0.60 previously. For Q2, the company guided adjusted EPS of $0.16 to $0.19, below consensus expectations, the report added.Morgan Stanley downgraded its rating on the stock to underweight from equal weight and cut its price target to $3.50 from $4.00.Price: $3.51, Change: $-0.04, Percent Change: -1.13%

$NWL

Wire53d ago

Meta Glasses Under Investigation by Texas AG Ken Paxton

Texas Attorney General Ken Paxton said Wednesday he has launched an investigation into Meta Platforms' (META) Meta AI Glasses to explore whether the glasses expose Texans' private data, recordings and facial geometry."Although Meta advertises its glasses as 'designed for privacy' and claims that it takes steps to protect private and key identifiable information, serious concerns have arisen," Paxton said. "Individuals at Meta's subcontractor Sama, located in Kenya, access consumers private information despite Meta's privacy representations."Meta didn't immediately reply to a request for comment from.Price: $604.26, Change: $+1.65, Percent Change: +0.27%

$META

Showing 26001-26020 of 53285

Wire53d ago

Hasbro's Weak Consumer Product Performance Overshadows First-Quarter Beat

$HAS