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Bernstein Initiates Coverage on Sunbelt Rentals With Outperform Rating, $86 Price Target

Rosenblatt Initiates Varonis Systems at Buy

Varonis Systems (VRNS) has an average rating of overweight and mean price target of $36.71, 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)

$VRNS

Research53d ago

Wells Fargo Initiates Unitil at Equalweight With $56 Price Target

$UTL

Mining & Metals53d ago

Medicenna Says First Patient Dosed in NEO-CYT Study

Medicenna Therapeutics (MDNA.TO) reported Tuesday that the first patient has been dosed in a Phase 1b trial evaluating its candidate MDNA11, in patients with stage 3 melanoma.The NEO-CYT study will evaluate MDNA 11 with an immunotherapy combination of nivolumab, with or without ipilimumab, as neoadjuvant immunotherapy before surgery in earlier-stage melanoma patients.The rationale is that these patients' immune systems may be more amenable to immunotherapy and more likely to benefit from treatment, Medicenna said."Dosing the first patient in the NEO-CYT study represents an important milestone in the continued clinical development of MDNA11 and expands our evaluation of this next-generation IL-2 Superkine into the neoadjuvant setting," said Dr. Nageatte Ibrahim, Medicenna chief medical officer."MDNA11 has already demonstrated encouraging anti-tumor activity and a manageable safety profile in heavily pretreated patients with advanced metastatic cancers in the ongoing ABILITY-1 study. NEO-CYT allows us to evaluate MDNA11 earlier in the treatment paradigm, where the immune system may be more intact and where pathologic response can provide an early and rigorous signal of clinical activity."The trial is being conducted at up to 12 centres in Italy.Medicenna shares closed up $0.03, to $0.66, on Monday on the Toronto Stock Exchange.

$MDNA.TO

Commodities53d ago

Indonesia Needs $2.4 Billion in Annual Grid Investments to Meet Energy Transition Goals, IEEFA Says

Indonesia's Electricity Supply Business Plan, from 2025 to 2034, requires $2.4 billion in annual investments to support the deployment of renewables, promote industrial electrification, and inter-island grid integration, according to a report by the Institute for Energy Economics and Financial Analysis.The figure mentioned by the report is significantly above the $1.4 billion average annual investments that have been earmarked for the nation's grid since 2019.IEEFA warned that the country's current financing framework, under which transmission assets are funded through state utility PLN's consolidated balance sheet, was inflating financing costs and obscuring the economics of grid infrastructure, while also being exposed to fuel and forex volatilities.This, the report argued, increases the cost of borrowing for transmission infrastructure, while slowing down renewables deployment."Transmission is a capital-intensive, long-term infrastructure asset with stable and predictable usage patterns," the report said, adding that when financed as a low-risk regulated utility, it can attract long-term capital at borrowing costs closer to sovereign rates.To address the issue, the report proposed establishing a separate PLN transmission company through corporate restructuring and financial ring-fencing while maintaining state ownership and oversight.It pointed to examples from India and Vietnam, where state-backed transmission entities have successfully attracted large-scale financing through regulated tariff structures and clearer corporate governance.India's Power Grid Corporation, for instance, has self-financed an average of about $2.5 billion annually in grid investments over the past decade, according to the report.The report concluded by noting that Indonesia would require over $24.4 billion in investments over the next decade to finance its planned grid expansions. This is in addition to renewable energy additions, which require roughly four times that amount, underscoring the scale of capital needed to modernize the country's electricity system.

Research53d ago

Wedbush Cuts Price Target on CI&T to $7 From $9, Keeps Outperform Rating

CI&T (CINT) has an average rating of buy and mean price target of $7.22, 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)

$CINT

Research53d ago

JPMorgan Initiates Versant Media at Neutral With $43 Price Target

Versant Media Group, Inc. Class A (VSNT) has an average rating of hold and mean price target of $40.83, 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)

$VSNT

Research53d ago

Pan American Silver Upgraded to Buy at TD

Pan American Silver Corp. (PAAS.TO, PAAS) was upgraded to Buy from Hold at TD Securities on Tuesday.Analyst Wayne Lam raised his price target on shares of the Vancouver-based mining company to $72 from $67."We upgrade PAAS... with our view that recent updates have bolstered the outlook for the company ahead," Lam said in a note to clients."This includes the Skarn Update, which provides PAAS with a large silver focused growth project along with ongoing robust FCF simultaneously supporting growth initiatives and enhanced capital returns," the analyst said.

$PAAS$PAAS.TO

Asia53d ago

Jingdong Industrials' Profit Jumps 45% in Q1; Share Buyback Planned

Jingdong Industrials (HKG:7618) recorded a 45% rise in profit for the first quarter to 185.1 million yuan from 127.7 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The industrial supply chain services group's revenue for the three months ended March 31 jumped 25% to 5.66 billion yuan from 4.52 billion yuan in the prior-year period.The company is also planning to buy back up to $200 million of shares from the open market over 24 months, subject to approval, according to a separate same-day stock exchange filing.

HKG:7618

Research53d ago

Research Alert: Jd.com Returns To Profit In Q1 2026 On Sequential Marketing Normalization

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:JD's Q1 2026 EPADS of CNY3.54 (vs. loss per ADS of CNY1.83 in Q4 2025) met our expectation, while revenue grew 4.9% Y/Y. JD Retail returned to 1.8% Y/Y growth from a 1.7% decline in Q4 2025, supported by strong general merchandise sales, higher marketplace and marketing revenue, and resilient demand in higher-margin categories, partly offset by weaker electronics and home appliances sales. JD Logistics maintained strong growth (+29% Y/Y), supported by the integration of on-demand delivery capabilities and reclassification of certain delivery revenue from New Businesses. New Businesses revenue grew 9.1% Y/Y, supported by the expansion of JD Food Delivery and 7Fresh Kitchen. Operating margin improved sequentially to 1.2% after three quarters of losses, as gross margin improved and marketing costs normalized sequentially amid moderating promotional intensity. We remain positive on JD's growth outlook, supported by stronger product offerings, monetization of third-party merchants, and overseas expansion.

$JD

Asia53d ago

US Senators Ask Trump to Hold Fast on Shipbuilding in Meeting with Xi

A group of U.S. senators called on President Donald Trump to prioritize the country's shipbuilding industry by not offering concessions to China ahead of his meeting with President Xi Jinping, according to a Monday press release.In a letter to Trump, Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona, as well as Republican Senators Tim Scott of South Carolina and Todd Young of Indiana, said China's efforts to "decimate American shipbuilding" deserve no opportunity for compromise.Trump and Xi earlier agreed to suspend tit-for-tat fees on each other's ships for one year, Reuters reported separately.The U.S. is set to resume its fees for Chinese ships beginning Nov. 10 unless Washington grants further concessions, the report said.

Shanghai Composite^SZSE

Asia53d ago

Correction: JD Health International's Profit Jumps 78% in Q1; Share Buyback Proposed

(Corrects to remove reference to attributable profit in lead paragraph)JD Health International (HKG:6618) recorded a 78% rise in profit in the first quarter of 2026 to 1.66 billion yuan from 934.4 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The online healthcare platform's revenue for the three months jumped 17% to 19.47 billion yuan from 16.65 billion yuan in the prior-year period.The company is also planning to buy back up to $1 billion of shares from the open market over 48 months, pending approval, according to a separate stock exchange filing.

HKG:6618

Research53d ago

Artemis Gold Downgraded to Hold at TD

Artemis Gold (ARTG.V) was downgraded to Hold from Buy at TD Securities on Tuesday.Analyst Wayne Lam lowered his price target on shares of the Canadian mining company to $38 from $50."We downgrade ARTG shares... given tempered FCF outlook as the company moves through an investment cycle," Lam said in a note to clients."While we remain constructive on long-term fundamentals with strong execution to date and low-cost operations, we view potential for investors to seek other opportunities with greater near-term FCF," the analyst said.

$ARTG.V

Equities53d ago

US Sanctions Hong Kong, UAE Firms Linked to Iran's Oil Sales to China

The U.S. Treasury Department sanctioned nine companies, including four each based in Hong Kong and the United Arab Emirates, for helping Iran ship oil to China, according to a Monday press release.Hong Kong-based Hong Kong Blue Ocean, Hong Kong Sanmu, Jiandi HK, and Max Honor International Trade helped Golden Globe, said to be a cover company arranging oil sales for Iran, the Office ⁠of Foreign Assets Control said.UAE-based Ocean Allianz Shipping, Atic Energy FZE, Blanca Goods Wholesaler, and Universal Fortune Trading, as well as Oman's Zeus Logistics, also helped the Islamic Revolutionary Guard Corps with oil purchases.The U.S. Treasury "will continue to cut the Iranian regime off from the financial networks it uses to carry out terrorist acts and to destabilize the global economy," Secretary Scott Bessent said in a statement.

Hang SengShanghai Composite^SZSE

Oil & Energy53d ago

Market Chatter: Adnoc Drilling Prepared to Boost UAE Oil Capacity Beyond 5 Million b/d Target

Adnoc Drilling Chief Financial Officer Youssef Salem on Tuesday said the UAE-based oilfield services and drilling company is prepared to boost the country's oil production capacity to more than its targeted output of 5 million barrels per day by 2027 if needed, according to a Reuters report.Adnoc Drilling is ready to deliver any production capacity that parent company and state-owned energy major Abu Dhabi National Oil Company needs, Salem told Reuters in an interview.The UAE recently quit as a member of the Organization of the Petroleum Exporting Countries, shrugging off its output restrictions.Last year, Energy Minister Suhail al-Mazrouei said that the country could increase production capacity to 6 million b/d if required, the report said.According to Salem, the company has exceeded the country's capacity targets, reaching 142 deployed rigs by 2025 compared with an earlier target of 127 rigs by 2030.The company has multiple rig suppliers from China, technology partnerships, and operational teams in place to meet any level of demand from ADNOC, Salem said, adding that well deliveries rose in Q1 versus the year-ago period.Adnoc Drilling has not faced any impact from the disruption caused by the Iran conflict, with the company ensuring the availability of 98% of its rigs in Q1, Salem said.(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.)

Research53d ago

Research Alert: Tencent Music Entertainment Group Reports Solid Results In Q1 2026

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TME reported Q1 2026 normalized EPS of CNY1.46 vs. CNY1.37 prior year, with total revenues growing 7.3% to CNY7.90B supported by strong music services performance. Music-related services surged 12.2% to CNY6.51B while social entertainment declined 11.0%, reflecting successful execution of the dual engine strategy. TME achieved margin expansion to 44.9% from 44.1% through favorable revenue mix shifts toward higher-margin subscriptions and advertising, with operating leverage driving 10.5% adjusted EBITDA growth to CNY2.83B. Strategic initiatives around premium content partnerships with key labels and AI-enhanced offerings are gaining traction, with SVIP membership showing solid adoption. We believe TME's diversification beyond core subscriptions into live performances, advertising, and IP monetization positions the company well for sustained growth. The company is expanding its collaboration with the Tencent ecosystem, particularly Weixin Video Account, to broaden user reach and drive incremental traffic.

$TME

Japan53d ago

US Equity Futures Lower Pre-Bell as Trump Says Middle East Ceasefire on 'Life Support'

US equity futures were lower pre-bell Tuesday as the standoff continued in the Middle East, with the ceasefire between the US and Iran on shakier ground after President Donald Trump said it was "on life support."Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.9% lower.Trump told reporters in the White House that the month-old truce is "unbelievably weak." He had rejected Iran's response to the US peace proposal. Iran's most recent counteroffer had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets.Traders monitored the latest round of earnings, with Sea (SE) and Venture Global (VG) posting higher Q1 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.2% at $107.57 per barrel and US West Texas Intermediate crude 3.4% higher at $101.37 per barrel.The April consumer price index, scheduled for release at 8:30 am ET, is seen coming in at 0.6%, compared with 0.9% in the prior month, according to estimates compiled by Bloomberg.Federal Reserve Chicago President Austan Goolsbee is slated to speak Tuesday.

Dow JonesNasdaq CompositeS&P 500$SE$VG

Mining & Metals53d ago

Organigram Global Swings to Q2 Net Loss, Net Revenue Falls; Updates Fiscal 2026 Guidance

Organigram Global (OGI.TO) swung to net loss in the second quarter as net revenue fell in the quarter, and updated its fiscal 2026 guidance, the company said on Tuesday.Second quarter net loss was C$0.9 million compared to net income of $42.5 million in Q2 Fiscal 2025. The decrease in net income in the current period was primarily attributable to lower fair value gains on derivative liabilities and preferred shares, as well as lower net revenue and gross margins compared to the prior year period, said the company. It added that the current period results were negatively impacted by a $5.8 million impairment loss related to the company's hemp-derived products business in the U.S.Second quarter net revenue decreased 9% to $59.8 million, from $65.6 million in the second quarter ended March 31, 2025, primarily driven by lower vape and infused pre-roll sales, said the company. The consensus estimates compiled by FactSet for Sales was $70.3 million."Q2 reflected our underperformance in vapes and temporary challenges in infused pre-roll production, compounded by slower industry growth," said James Yamanaka, Chief Executive Officer of Organigram. "We acted quickly to address these issues, and the operational changes and product enhancements we have implemented are already beginning to stabilize performance. Combined with continued improvements in yields and flower potency, and the contribution from Sanity Group beginning in Q3, we believe the business is positioned for stronger execution and improved performance in the second half of fiscal 2026."As of March 31, 2026, the company had total cash, including restricted cash and short-term investments, of $54.8 million. Subsequent to quarter end, it deployed the majority of its total cash position in consideration of the Sanity Group acquisition and secured $60 million in debt financing from ATB Financial of which $20 million was allocated to the Sanity Group acquisition, the company added.The company is now projecting net revenue to exceed $350 million in fiscal 2026, with adjusted EBITDA and adjusted gross margin exceeding fiscal 2025 performance, free cash flow approximately break even, and capital expenditures of less than $10 million."Following the acquisition of Sanity Group, which closed in April 2026, the company is updating its Fiscal 2026 guidance. Prior to the acquisition, shipments to Sanity Group were recognized as revenue upon shipment to Sanity Group; post-acquisition, shipments to Sanity Group are recognized as revenue upon ultimate sale by Sanity Group to third parties."The company originally issued its fiscal 2026 guidance in Q4 Fiscal 2025, prior to the acquisition of Sanity Group, which closed in April 2026, and had contemplated net revenue exceeding $300 million, higher adjusted gross margin and adjusted EBITDA relative to fiscal 2025, positive free cash flow, and capital expenditures of less than $10 million.

$HMMJ.TO$OGI.TO

Asia53d ago

JD Logistics' Profit Rises in Q1; Share Buyback Proposed

JD Logistics (HKG:2618) recorded a rise in attributable profit in the first quarter of 2026 to 880.1 million yuan from 451 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The logistics company's revenue for the three months increased 29% to 60.6 billion yuan from 47 billion yuan in the year-ago period, mainly due to a higher revenue from integrated supply chain and other customers.The firm is also planning to buy back up to $1.2 billion of shares from the open market over a 48-month period, subject to approval, according to a separate stock exchange filing.

HKG:2618

International53d ago

Oil, Middle East Outlooks Undercut European Bourses Midday

European bourses tracked moderately lower midday Tuesday as crude prices rose after US President Donald Trump and Iranian officials overnight mutually ruled out a peace deal.The Strait of Hormuz, the vital waterway for oil tankers, remains largely closed to traffic.Front-month North Sea Brent crude-oil futures traded up 3.1%, at $107.45 a barrel in midday action.Food and oil stocks led modest gains on continental trading floors, while bank, tech and property shares lagged.Investors also eyed Wall Street futures flashing red amid largely lower closes overnight on Asian exchanges.In economic news, Germany's economic sentiment index came in at negative 10.2 in May versus negative 17.2 in April, the Centre for European Economic Research reported. "There is cautious hope for a potential recovery in the second half of 2026, provided that the Middle East conflict eases," ZEW said.The pan-continental Stoxx Europe 600 Index was off 0.7% red% mid-session.The Stoxx Europe 600 Technology Index was down 1.5%, and the Stoxx 600 Banks Index lost 1.7%.The Stoxx Europe 600 Oil and Gas Index gained 0.4%, and the Stoxx 600 Europe Food and Beverage Index edged 0.2% higher.The REITE, a European REIT index, fell 1%.On the national market indexes, Germany's DAX was down 0.9%, and the FTSE 100 in London lost 0.4%. The CAC 40 in Paris was down 0.5%, and Spain's IBEX 35 eased 0.9%.Yields on benchmark 10-year German bonds were higher, near 3.09%.The Euro Stoxx 50 volatility index was up 3.9% at 22.87, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

^SXXP

Showing 28981-29000 of 50959

Mining & Metals53d ago

Organigram Global Swings to Q2 Net Loss, Net Revenue Falls; Updates Fiscal 2026 Guidance

$HMMJ.TO$OGI.TO