Financial News · Live Terminal

Page 1482 of 2548

Gilead's Emvistegrast Readout Unlikely to Move Stock, RBC Says

Gilead Sciences' (GILD) mid-stage trial results from its ulcerative colitis drug candidate, emvistegrast, are not expected to move the stock, RBC Capital Markets said in a note Monday.The outcome from the small molecule drug trial is expected shortly, the note said, adding that the competitive bar is high, and prior oral efforts have not looked great."Focus is likely to remain on Yeztugo/HIV/anito-cel nearterm, and a ph. II readout is unlikely to materially move the stock," the report said.The note said the drug candidate has some pharmacological advantages against others and favorable results could help its immunology and inflammation segment emerge as a potential new area of long-term growth generation.The report pointed to Eli Lilly's (LLY) recent EMERALD-2 phase 2b data that showed only modest efficacy.RBC kept its sector perform rating with a price target of $122.Price: $133.64, Change: $+2.31, Percent Change: +1.76%

$GILD

Wire53d ago

Argus Adjusts Price Target on Targa Resources to $290 From $270

Targa Resources (TRGP) has an average rating of overweight and mean price target of $271.60, 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)Price: $254.86, Change: $+6.74, Percent Change: +2.72%

$TRGP

Sectors53d ago

Sector Update: Energy

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) rising 2.4%.The Philadelphia Oil Service Sector Index was climbing 1.8%, and the Dow Jones US Utilities Index rose 1%.Crude oil prices rose Monday after US President Donald Trump rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz. Trump on Sunday described Iran's response to Washington's peace proposal as "totally unacceptable." The apparent US-Iran stalemate prolongs the effective closure of the Strait of Hormuz, the world's most important chokepoint for crude flows.Front-month West Texas Intermediate crude oil rose 3.7% to $98.92 a barrel, and the global benchmark Brent crude contract was advancing 3.5% to $104.80 a barrel. Henry Hub natural gas futures gained 5.4% to $2.91 per 1 million BTU.In corporate news, BP (BP) has a "second chance" to deleverage and restore financial health, supported by higher commodity prices that could put it on firmer footing in coming years, RBC Capital Markets said in a note. RBC upgraded BP to outperform from sector perform, while maintaining its 700 pence ($9.52) price target. BP shares were up 2.1%.

$BP

Wire53d ago

Barclays Adjusts Price Target on Regency Centers to $90 From $85, Maintains Equalweight Rating

Regency Centers (REG) has an average rating of overweight and mean price target of $82.94, 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://www..com/contact-us)Price: $77.43, Change: $-0.16, Percent Change: -0.21%

$REG

Wire53d ago

Barclays Adjusts Price Target on Kimco Realty to $28 From $25, Maintains Overweight Rating

Kimco Realty (KIM) has an average rating of overweight and mean price target of $25.08, 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)Price: $23.46, Change: $-0.03, Percent Change: -0.11%

$KIM

Mining & Metals53d ago

Trisura Group Price Target Raised to $60.00 at RBC

RBC Capital Markets raised its price target on the shares of Trisura Group (TSU.TO) shares by $1.00 to $60.00 after the company's first-quarter results that were slightly ahead of estimates.Trisura's $0.78 operating EPS beat RBC's $0.72 estimate and $0.76 consensus, notes analyst Bart Dziarski, who is maintaining an outperform rating on the company.Gross premiums written (GPW) rose 3% YoY driven by Surety (+12%), Warranty (+9%) and US Programs (+6%), offset by Canadian Fronting (down 24%) as elevated competition appears to be intensifying, he adds.Trisura also expanded its U.S. Surety practice into five new states: Illinois, Pennsylvania, Georgia, Washington, and Florida. The last remaining major state for the company to obtain a license in is California, which Dziarski expect to occur in the near-term. RBC is modelling 2026 US GPW growth of 13%, accelerating to 16% in 2027."TSU trades at a slight discount to specialty peers and we believe a premium is warranted given superior growth profile."Price: $41.49, Change: $-0.67, Percent Change: -1.59%

$TSU.TO

Wire53d ago

Barclays Raises Federal Realty Investment Trust Price Target to $116 From $107

Federal Realty Investment Trust (FRT) has an average rating of overweight and mean price target of $117.54, 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)Price: $115.31, Change: $-0.38, Percent Change: -0.32%

$FRT

Wire53d ago

Argus Lifts Microchip Technology Price Target to $130 From $95

Microchip Technology (MCHP) has an average rating of overweight and mean price target of $115.17, 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)Price: $97.40, Change: $-1.70, Percent Change: -1.71%

$MCHP

Mining & Metals53d ago

Aurania Resources Raising $1.5 Million Via a Non-Brokered Private Placement of Share Units

Aurania Resources (ARU.V) on Monday said will raise up to $1.5 million in a private placement of share units.The company will place up to 8.3-million units priced at $0.18 apiece and made up of a share and a two-year warrant to buy a share for $0.35.The company has reserved the right to increase the size of the offering by up to 25%, raising up to an additional $375,000.Proceeds will be primarily used for exploration at the Thor's Valley epithermal gold project in Iceland, the Balangero nickel-cobalt tailings retreatment project in Italy, and for general working capital needs.Shares of the company were last seen unchanged at $0.205 on the TSX Venture Exchange.

$ARU.V

Sectors53d ago

Sector Update: Financial

Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index was shedding 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.4%.Bitcoin (BTC-USD) was declining 0.7% to $81,616, and the yield for 10-year US Treasuries was rising 4 basis points to 4.40%.In corporate news, Blackstone's (BX) real estate debt arm, Blackstone Real Estate Debt Strategies, launched a lending platform to provide capital and flexibility to US homebuilders, aiming to support construction of over 50,000 for-sale homes annually, the company said Monday. Blackstone shares were down 1.3%.

$BX

Wire53d ago

Boeing Receives Order for 10 Long-Haul Aircraft From Lufthansa Group

Boeing (BA) received an order for 10 new long-haul 787-9s from Deutsche Lufthansa as part of its fleet modernization efforts, the aviation group said in a Monday statement.Delivery is expected between 2032 and 2034, according to a statement.Price: $239.72, Change: $+2.35, Percent Change: +0.99%

$BA

Wire53d ago

Top Midday Decliners

HSBC downgraded Trade Desk (TTD) to reduce from hold while adjusting its price target to $20 from $31.Shares of Trade Desk were down 7.2%, with intraday trading volume at more than 12.6 million, compared with the stock's daily average of about 20.8 million.BNP Paribas adjusted the price target for Zoetis (ZTS) shares to $146 from $185, following the company's Q1 results late last week.Shares of Zoetis dropped 7.5%, with intraday trading volume at over 7.94 million, compared with a daily average of about 4.61 million.Certara (CERT) reported Q1 adjusted earnings below market expectations on Monday, while sales rose moderately from a year ago.Shares slumped 20% as intraday trading volume catapulted to more than 3.99 million from a daily average of about 3.67 million.Price: $21.33, Change: $-1.73, Percent Change: -7.50%

$CERT$TTD$ZTS

Wire53d ago

Argus Cuts Axon Enterprise Price Target to $460 From $620

Axon Enterprise (AXON) has an average rating of buy and mean price target of $676.88, 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)Price: $380.25, Change: $-23.29, Percent Change: -5.77%

$AXON

Sectors53d ago

Sector Update: Health Care

Healthcare stocks declined Monday afternoon, with the NYSE Healthcare Index fractionally lower and the State Street Healthcare Select Sector SPDR ETF (XLV) down 0.2%.The iShares Biotechnology ETF (IBB) increased 0.4%.In corporate news, Sonida Senior Living (SNDA) shares fell 3.3% after it reported Q1 loss Monday of $2.39 per diluted share, wider than a loss of $0.77 a year earlier. Three analysts polled by FactSet expected a loss of $1.53.

$SNDA

Sectors53d ago

Sector Update: Consumer

Consumer stocks fell Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 0.7%.In corporate news, Walt Disney's (DIS) ABC network has been the victim of "sustained, coordinated" censorship by the Trump administration, Federal Communications Commissioner Anna Gomez said in a letter to Disney CEO Josh D'Amaro, the Wall Street Journal reported. Disney shares fell 3%.

$DIS

Mining & Metals53d ago

CIBC Raises Chorus Aviation's Price Target to C$31.00 From C$30.00

CIBC Capital Markets maintained its outperformer rating on the shares of Chorus Aviation (CHR.TO) and raised its price target to C$31.00 from C$30.00 after the company reported its first-quarter financial results on May 7.The company's Q1 results were broadly in line with CIBC's expectations and continue to reinforce the durability of the company's contracted cash flow profile, noted analyst Alexander Augimeri.While parts sales revenue has been down ~30% Y/Y for two consecutive quarters, this weakness largely reflects the timing of several parts sales transactions that closed shortly after quarter end, as well as tougher comparisons against prior year periods of higher-than-typical parts activity, Augimeri said. As a result, CIBC sees a return to positive Y/Y growth in the parts sales segment beginning in Q2/26."Separately, CHR will begin to lap the previously announced wind-down of UN related flying in Q3/26," the analyst added. "Taken together, we believe the upcoming quarters should mark a transition away from recent noise in Y/Y reported results and toward a cleaner Y/Y growth profile across CHR's parts sales and contract flying segments."CIBC said, stepping back, it continues to view parts sales as a "structurally attractive business" with recurring demand characteristics and a long-term growth profile of ~5% annually, but with "inherent lumpiness" on a quarterly basis."Q2/26 will also reflect a full quarter contribution from the Kadex acquisition, which has historically grown at a 5% - 10% rate, providing incremental support to segment growth going forward," added CIBC. "For context, we had previously modeled the Kadex acquisition closing at the end of Q2/26."Price: $24.22, Change: $+1.03, Percent Change: +4.44%

$CHR.TO

Wire53d ago

Argus Cuts Jacobs Solutions Price Target to $145 From $155

Jacobs Solutions (J) has an average rating of overweight and mean price target of $160.69, 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)Price: $116.18, Change: $-2.25, Percent Change: -1.90%

Wire53d ago

Top Midday Gainers

Odysight.ai (ODYS) reported Monday the execution of a cooperative research and development agreement, or CRADA, with the Naval Air Warfare Center Aircraft Division Lakehurst, or NAWCAD, part of the US Navy.Shares surged 26% as intraday trading volume soared to over 34.5 million from a daily average of roughly 20,000.Lumentum (LITE) said Monday that its stock will be included in the Nasdaq-100 Index, effective May 18. Shares surged 17%, making it as the top gainer on the S&P 500.Shares jumped with intraday trading volume of over 7.1 million from a daily average of about 6.32 million.Price: $5.59, Change: $+1.13, Percent Change: +25.34%

$LITE$ODYS

Asia Markets53d ago

Exchange-Traded Funds Higher, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) gained 0.3%.US equity indexes traded mixed midday Monday as crude oil futures rose after President Donald Trump rejected Iran's response to his proposal to restart the peace process.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added 2.4%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 1.2%; iShares US Technology ETF (IYW) climbed 0.7%, and iShares Expanded Tech Sector ETF (IGM) gained 0.6%.The State Street SPDR S&P Semiconductor (XSD) rose 2.4%, and iShares Semiconductor (SOXX) advanced 2.3%.FinancialThe State Street Financial Select Sector SPDR (XLF) fell 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.6%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed up 0.6%.CommoditiesCrude oil rose 4.3%, and the United States Oil Fund (USO) jumped 4.6%. Natural gas gained 5%, and the United States Natural Gas Fund (UNG) rose 5.3%.Gold on Comex and the State Street SPDR Gold Shares (GLD) each eased 0.1%. Silver climbed 6.2%, and iShares Silver Trust (SLV) gained 5.6%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) fell 1.3%. The Vanguard Consumer Staples ETF (VDC) dropped 1.6%, and iShares Dow Jones US Consumer Goods (IYK) declined 0.4%.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 0.6%. VanEck Retail ETF (RTH) dropped 1.5%, and the State Street SPDR S&P Retail (XRT) slumped 3.3%.Health CareThe State Street Health Care Select Sector SPDR (XLV) fell 0.2%, iShares US Healthcare (IYH) shed 0.3%, and Vanguard Health Care ETF (VHT) declined 0.3% lower. IShares Biotechnology ETF (IBB) gained 0.3%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 1.1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) added 0.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 1.9%, ProShares Ether ETF (EETH) gained 0.7%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.8% higher.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Wire53d ago

Update: Market Chatter: SoFi Technologies Taking Over PrimaryBid

(Updates with SoFi's response to a request for comment.)SoFi Technologies (SOFI) is taking over British fintech PrimaryBid, Sky News reported Monday, citing a letter PrimaryBid sent its shareholders that it viewed."SoFi has acquired the assets of PrimaryBid's directed share program," a SoFi spokesperson told.PrimaryBid didn't immediately reply to a request 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: $15.99, Change: $+0.24, Percent Change: +1.52%

$SOFI

Showing 29621-29640 of 50955

Asia Markets53d ago

Exchange-Traded Funds Higher, US Equities Mixed After Midday

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH