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Research Alert: CFRA Keeps Hold Rating On Shares Of Genpact Limited

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price by $9 to $36, 8.3x our 2027 EPS estimate vs. G's three-year historical forward P/E average of 12.1x and the peer average of 11.6x. We raise our 2026 EPS view to $4.04 from $3.99 and keep 2027's unchanged at $4.34. We think G faces operational risks, including execution hurdles in scaling its new AI-driven offerings against intense competition. However, these concerns are partly overshadowed by the exceptional momentum in its strategic pivot, highlighted by a 24% surge in ATS revenue. In a major proof point of this shift, the company secured nearly double the contract value for its new Agentic solutions in Q1 alone compared to all of 2025, demonstrating rapid market adoption. This successful transition towards higher-margin, IP-based recurring revenue is structurally improving profitability, evidenced by 12 consecutive quarters of gross margin expansion. Sustaining this high-stakes execution and improving cash conversion remain critical to fully de-risking the company's transformation.

Mining & Metals53d ago

CIBC Confirms Outperformer Rating and Target of $24.00 on Telus After Q1 Results and CFO Appointment

CIBC Capital Markets maintained its outperformer rating and C$24.00 price target on the shares of Telus (T.TO, TU) after the company reported its first-quarter financial results and appointed Gopi Chande as its Chief Financial Officer on Friday.The company "continues to focus on de-leveraging and its growth businesses," said analyst Stephanie Price. "TELUS Health saw 11% Y/Y revenue and EBITDA growth in Q1, with its strategic process ongoing."The bank thinks that outside of the growth businesses, the overall telecom environment remains competitive. Telus reiterated its 2026 guidance, but noted on the call that it expects to hit the lower end to midpoint of the service revenue and adj. EBITDA growth guides (both +2% to +4% Y/Y), with the Street already there, CIBC said.The bank said it will be watching for potential strategy changes with the leadership transition next quarter. CIBC forecast 2026 consolidated service revenue and adjusted EBITDA growth of 2.1% and 2.9%.Price: $17.17, Change: $-0.29, Percent Change: -1.66%

$T.TO$TU

Wire53d ago

Landstar System Delivers 'Cleaner' Quarter, But Faces Headwinds, Morgan Stanley Says

Landstar System (LSTR) delivered fiscal Q1 results with a modest upside versus consensus estimates amid better pricing momentum and continued heavy-haul outperformance, while pointing to a "healthier" freight scenario, Morgan Stanley said in a note Monday.The company saw a "cleaner" quarter backed by stronger pricing and a decrease in insurance costs, while management's comments about market conditions were "considerably more optimistic," with the market described as potentially at the "beginning of the beginning" of a freight upcycle, the investment firm said.Morgan Stanley highlighted the truck revenue/load increase of about 6% year on year, with management also indicating more favorable month on month pricing trends and an April truck revenue/load that is about 13% higher compared with previous years.The company, however, is facing headwinds like uneven demand, insurance volatility, and lack of regulatory clarity, with unclear visibility preventing management from issuing formal Q2 guidance, according to the note.Morgan Stanley lifted its price target to $145 from $135, while keeping its equal-weight rating on the stock.Shares of Landstar System were down more than 2% in Monday trading.Price: $179.12, Change: $-4.27, Percent Change: -2.33%

$LSTR

US Markets53d ago

Oil Rises as Trump's Iran Rebuff Extends Supply Uncertainty

Crude oil prices rose Monday as US President Donald Trump rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz.Brent advanced 2.3% to $103.65 per barrel, while West Texas Intermediate crude futures were last up 1.9% at $97.25.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.Iran's proposal, delivered via mediator Pakistan, sought an immediate end to hostilities, the lifting of the US naval blockade of its ports and assurances against further aggression, BBC News reported, citing Iran's semi-official Tasnim news agency."Despite earlier optimism, an agreement between the US and Iran has yet to be reached," Stifel Chief Economist Lindsey Piegza said in a note Monday. "With hopes of a resolution to the 10-week conflict again undermined, oil prices reversed course."Oil prices fell last week as markets hoped that a deal would be reached.Israeli Prime Minister Benjamin Netanyahu said the Iran war was "not over," he told CBS News in an interview that aired on Sunday."There's still enrichment sites that have to be dismantled," Netanyahu reportedly said. "There's still proxies that Iran supports."Netanyahu said that Iran also wants to continue producing ballistic missiles."Now, we have degraded a lot of it, but all of that is still there," he said. "And there is work to be done."Trump is scheduled to arrive in China on Wednesday for a high-stakes state visit, with talks set to take place Thursday and Friday. This will be his first trip to China since 2017, Reuters reported."While optimism for an imminent deal is fading, there remains a glimmer of hope that talks between Trump and Chinese President Xi (Jinping) later this week could yield positive results on Iran," ING Head of Commodities Strategy Warren Patterson said in a note Monday."The hope is that China can use its influence over Iran to push it closer towards a peace deal," Patterson said. "Clearly, this is easier said than done."

Treasury53d ago

Most Canadians Now Say Economic Growth Is Top Focus for Energy Policy, Survey Finds

Three-in-five, or 61%, of Canadians say growing the economy should be the bigger focus for energy policy than stewarding the environment, which is supported by 39%, a survey from Angus Reid Institute released on Monday found.Since 2019, there has been a major shift in priorities for Canadians when it comes to energy policy, notes Angus Reid.At that time, more 55% believed protecting the environment should be a bigger focus than economic growth, which stood 45%, it added.

$CXY

Research53d ago

Research Alert: CFRA Maintains Strong Buy Rating On Shares Of Epam Systems, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our target from $231 to $184, 14x our 2026 EPS view, below EPAM's three-year average (19x) on AI competition risk. We raise our 2026 EPS view by $0.31 to $13.13 and 2027's by $0.23 to $14.53. Profitability continues to improve, supported by operational discipline and improved pricing in certain cases, which helps provide support to our view that EPAM is favorably positioned for more AI-focused projects. To this point, EPAM's AI revenues continue to grow solidly, up 19% Q/Q to $125M in Q1 for the fifth-straight double-digit sequential increase. Despite more bearish fears that the company's revenue deceleration (with its 2026 organic CC guide coming down to ~5.25% from ~6% prior), we see clear negative impacts from macro factors (i.e., the war in Iran) that should prove temporary, allowing for multiple expansion once these factors fade and AI deal momentum becomes more clear. Still, our lower target reflects heightened risks of perceived AI competition as impressive new AI models continue to roll out.

$EPAM

Mining & Metals53d ago

Leon's Furniture Price Target Cut to $27.00 at Stifel Canada

Stifel Canada lowered its price target on the shares of Leon's Furniture (LNF.TO) by $3.00 to $27.00 after the company reported first-quarter results that missed expectations.Analyst Martin Landry, who is maintaining a hold rating on the shares, noted same-store-sales fell by 4.2% Y/Y, the worst decline of the last ten quarters. The drop was mentioned by management in the fourth quarter and should come to no surprise for investors, Landry adds.A competitor filed for creditor protection in recent weeks which should benefit Leon's, he adds.Leon's still sees a stretched consumer and challenging macro environment, but is forecasting a gradual improvement throughout the remainder of the year. Landry forecasts lower same-store-sales of -1%, +1% and +3% in the second quarter, third quarter and fourth quarter, respectively.Price: $24.90, Change: $-0.10, Percent Change: -0.40%

$LNF.TO

Wire53d ago

Madison Air's Custom Solutions Differentiate it From Most Commoditized Markets, RBC Says

Madison Air Solutions (MAIR) has ample room for profitable growth in the global heating, ventilation, and air conditioning vertical, with its custom solutions steering it away from most commoditized markets, RBC Capital Markets said Monday.RBC said it rejects the notion that Madison is at peak margins. The company follows the 80/20 operating principles, which should drive 50 to 70 basis points of annual margin expansion, according to the note.The attractive 70% replacement and 30% new construction split also helps drive healthy margins. Services and aftermarket mix at 10% of revenues is the lowest of its big four HVAC peers but offers a growth opportunity, the brokerage said.RBC estimates Madison's commercial segment to grow by mid-to-high single digits and residential by low-single digits. Management targets 20 to 75 basis points of EBITDA margin expansion per year, and bolt-on mergers and acquisitions should also provide growth opportunities, according to the note.RBC maintained an outperform rating on Madison Air with a price target of $48.Price: $42.57, Change: $+0.54, Percent Change: +1.30%

$MAIR

Wire53d ago

Arxis' Organic Growth, Compounder Potential Currently Undervalued, Morgan Stanley Says

Arxis' (ARXS) organic growth and compounder potential are undervalued at current stock price levels, Morgan Stanley said in a Monday note.The company, which provides highly engineered electronic and mechanical components designed for harsh environments in the defense and space sectors, focuses on proprietary products, from which it derives around 90% of its revenue, Morgan Stanley analysts said. This offers Arxis pricing power and a sustainable competitive moat, the analysts noted.Highly diversified across products, end markets, customers, and platforms, Arxis is poised for organic and inorganic growth, and it has a solid history of acquiring and integrating strategic targets for value creation and cross-selling opportunities, the analysts said.Arxis displays the marks of an "industrial compounder" with its durable competitive advantages and successful track record in acquisitions. The company gives investors wide exposure to positive industry trends in defense and space, commercial aerospace, and specialized industrial technology, according to the note.Morgan Stanley initiated coverage of the company's stock at overweight with a price target of $44.Price: $36.82, Change: $+1.72, Percent Change: +4.89%

$ARXS

Mining & Metals53d ago

RBC Raises Pembina Pipeline's Price Target to C$68 from C$64

RBC Capital Markets reiterated its outperform rating on the shares of Pembina Pipeline (PPL.TO, PBA) while raising its price target to C$68.00 from C$64.00 following the company's first-quarter results.Pembina's strong results and 2026 guidance upgrade were driven by its marketing segment, but the company's commercial and project execution accomplishments should not be overlooked, analyst Maurice Choy said."We continue to see Pembina as well-positioned to capitalize on the strong fundamentals that make the Western Canada Sedimentary Basin an attractive global market," Choy said."With its leading fully integrated midstream platform in a prolific basin, the company is poised to benefit from growing global energy demand, increasing strategic relevance of Canadian energy, and emerging demand drivers such as LNG, petrochemical, and data center power demand," he added.Price: $63.23, Change: $+0.65, Percent Change: +1.04%

$PBA$PPL.TO

Wire53d ago

USA Rare Earth's Q1 Print Seen Showing Continued Mine-to-Magnet Momentum, Wedbush Says

USA Rare Earth's (USAR) Q1 earnings report is expected to show continued momentum across its expanding mine-to-magnet heavy rare earth value chain amid an accelerating policy backdrop and rising urgency around supply chain sovereignty, Wedbush Securities said in a Monday note.The company is scheduled to report its Q1 results Wednesday after market close.The brokerage said it expects management to provide updates on the Stillwater phase 1a ramp toward 600 metric tons per annum by Q4 and phase 1b reaching 1,200 MTPA in the first quarter of 2027.USA Rare Earth is well-positioned to capture a strong share of Western demand, supported by bipartisan backing for domestic supply chain reshoring and a Defense Federal Acquisition Regulation restriction that will bar the Department of Defense and its contractors from acquiring NdFeB and SmCo magnets containing Chinese-origin material.Wedbush reiterated its outperform rating and raised its price target on USA Rare Earth to $35 from $29, citing immediate upstream scale from the Serra Verde acquisition, Stillwater commercial magnet shipment ramp-up and the integrated mine-to-magnet platform taking shape across the US, UK, France and Brazil.Price: $26.60, Change: $-0.37, Percent Change: -1.35%

$USAR

Wire53d ago

General Motors Remains Confident in 2026 Outlook Despite Elevated Risk Profile, Wedbush Says

General Motors (GM) is confident in its 2026 guidance despite an elevated risk profile due to the Middle East conflict, Wedbush said in a Monday research report.The company is also advancing toward its margin expansion goals with the digital strategy still underappreciated in the company's growth story, analysts wrote.General Motors has demonstrated it can execute on cost management, and is positioned to leverage its broad-based portfolio by capitalizing on low-cost vehicle profitability, according to the note.The company expects its high-speed self-driving system to be among the safest systems in 2028, as it builds on software-defined architecture designed to boost capacity for "highly central control" of functions, according to Wedbush.A key differentiator is the company's ability to train foundation models with effectively free data, given its access to years of broad-based data, the brokerage stated.The brokerage said it reiterated its outperform rating on the stock and price target of $95 per share.Price: $76.30, Change: $-2.50, Percent Change: -3.17%

$GM

Wire53d ago

Denali Therapeutics Seeing Encouraging Signals From Avlayah Launch, Oppenheimer Says

Denali Therapeutics (DNLI) is seeing encouraging early launch enthusiasm for Avlayah following its recent US Food and Drug Administration approval for Hunter syndrome, Oppenheimer said in a Sunday note.The firm said first patients were treated in a commercial setting in April, with strong interest across patient segments, geographies, and disease type.Oppenheimer said Avlayah's approval validates Denali's streamlined development approach and could support future commercialization across the company's disease pipeline.Startup activities remain underway for a global phase 3 study of DNL126 expected to begin in H2, while patient dosing for the phase 1 DNL952 study is expected to start soon, the firm said.Oppenheimer maintained its outperform rating and $40 price target on Denali Therapeutics.Price: $19.92, Change: $+0.30, Percent Change: +1.53%

$DNLI

Oil & Energy53d ago

UK, France to Convene Multinational Strait of Hormuz Security Talks

The UK and France will host a multinational Strait of Hormuz meeting on Tuesday, the UK's Ministry of Defense said in a Monday statement.The UK also said the warship HMS Dragon will forward deploy to the region to support future maritime security operations.UK Defense Secretary John Healey and French Minister Catherine Vautrin will co-chair the first Defense Ministers' meeting for the Hormuz mission with representatives from more than 40 nations.Participating countries will outline military contributions for a defensive operation aimed at reopening and securing the Strait of Hormuz once regional conditions improve.The UK has already hosted military planners from 44 countries at Permanent Joint Headquarters meetings on April 22-23."The UK is leading this multinational, defensive mission because trade, energy, and economic security for working people here at home depend on it," Healey said."We are turning diplomatic agreement into practical military plans to restore confidence for shipping through the Strait of Hormuz," Healey said, adding nations meeting Tuesday are preparing to act rather than hold discussions alone.Tomorrow's talks follow a summit between UK Prime Minister Keir Starmer and French President Emmanuel Macron and recent military planning sessions that shaped a coordinated multinational Hormuz strategy.Healey said he ordered HMS Dragon to the Middle East so Britain can support the mission immediately when governments authorize operations in the region.The UK expects HMS Dragon to support mine-clearance operations, protect commercial shipping and strengthen confidence among vessel operators through its forward regional deployment, the ministry said.The warship recently completed weapons and sensor exercises near Crete at a North Atlantic Treaty Organization facility, including live-fire drills under high-threat operational scenarios.The Strait of Hormuz closure continues to disrupt shipping linked to nearly one-fifth of global oil supplies, driving higher energy prices and increasing supply-chain costs worldwide, the ministry said.

Wire53d ago

Quantum Computing Faces Fewer Immediate Catalysts Compared With Peers, Wedbush Says

Quantum Computing (QUBT) faces fewer immediate catalysts for growth relative to its peers, Wedbush analysts said in a Monday note.The company is scheduled to report its Q1 financial results later today.Analysts said that the company's commentary on the acquisition of Luminar Semiconductor and NuCrypt, the commercial deployment of Dirac-3 in the Quantum Corridor network, and the launch of NeuraWave will set the tone for the quarter.Wedbush said that while there is a long-term, addressable market for quantum integrated photonics solutions and the company has pursued this technology early, it has yet to emerge as the clear leader in this modality.Analysts said that factors that could impact their view on the company include an inflection in revenue, a technological breakthrough, or a significant acquisition.Wedbush has a neutral rating on the stock and a $12 price target.Price: $10.09, Change: $+0.49, Percent Change: +5.11%

$QUBT

Research53d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Grab Holdings Limited

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our USD4.50 target price for Grab, valuing the stock at 26.5x 2026 EV/EBITDA, above its peer average forward EV/EBITDA of 10.6x. We keep our 2026/2027 EPS estimates unchanged. Our Buy rating is supported by strong momentum continuing into Q1 2026. The strategic acquisition of foodpanda Taiwan marks Grab's first expansion outside Southeast Asia, adding a profitable USD1.8 billion GMV market expected to be accretive to 2026 revenue. This move positions Grab well toward its ambitious 2028 target of USD1.5 billion in Adjusted EBITDA. The USD400 million share buyback program further reinforces management's confidence in value creation. Despite near-term headwinds from elevated crude oil prices that may pressure driver margins and consumer demand, we believe Grab's diversification across delivery and financial services, combined with its market-leading position in the high-growth Southeast Asia region, provides meaningful resilience to sustain its long-term profitable growth trajectory.

$GRAB

Asia Markets53d ago

European Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading

European equities traded in the US as American depositary receipts opened the week on a flat note Monday morning, edging 0.08% higher to 1,835.34 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and biopharmaceutical company Cellectis (CLLS), which advanced 8.1% and 6.3% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and telecommunications company Ericsson (ERIC), which increased 4.9% and 3.2% respectively.The decliners from continental Europe were led by consumer goods company Unilever (UL) and biopharmaceutical company Grifols (GRFS), which fell 1.9% and 1.3% respectively. They were followed by internet browser company Opera (OPRA) and accommodations booking site trivago (TRVG), which were down 1% each.The gainers from the UK were led by cruise line operator Carnival (CUK) and pharmaceutical company Silence Therapeutics (SLN), which rose 6.6% and 4.7% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Amarin (AMRN), which were up 3.9% and 3.4% respectively.The decliners from the UK and Ireland were led by biopharmaceutical companies Akari Therapeutics (AKTX) and Mereo BioPharma Group (MREO), which lost 10% and 7.3% respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and software firm Endava (DAVA), which dropped 5.8% and 2.2% respectively.

$AKTX$AMRN$AUTL$BDRX$CLLS$CUK$DAVA$DBVT$ERIC$GRFS$MREO$OPRA$SLN$SQNS$TRVG$UL

Treasury53d ago

Bank of Canada Seen Hiking Rates In March 2027, Earlier Than Previously Seen, By Participants In Its Own Survey

The Bank of Canada is seen increasing its policy rate in March 2027, according to findings in its own Q1 Market Participants Survey (MPS) released Monday.The MPS showed that a median of 28 financial participants expect the policy rate to rise by 25bps to 2.50% in March 2027. The Q4 2025 MPS had predicted a 25bps rate hike in Q2 2027.Among other findings, a median of market participants forecast the consumer price index to be 2.6% at the end of the year and 2.1% at the end of 2027. The Q4 2025 MPS had projected CPI at 2.1% at the end of this year, as well as 12 months later.The Q1 MPS also showed the median response saw gross domestic product growth at 1.6% this year and at 1.9% in 2027. Both are unchanged from the previous survey.The survey was conducted from March 25 to April 1.

$CXY

Mining & Metals53d ago

Spin Master Announces Global Toy Licensing Agreement with Supercell

Spin Master (TOY.TO) entered into a global toy licensing agreement with "mobile games giant" Supercell, the company said on Monday.Spin Master will develop and distribute a new collection of toys and collector items inspired by Supercell's "globally renowned gaming brands": Clash of Clans, Clash Royale, and Brawl Stars, stated the company."Within the multi-year agreement, Spin Master will create a product line that brings the iconic characters, battles and adventures from the digital screen to fans around the world," said the company and added that the collection will span collectible figures, plush, and accessories, among other products.The new product line is expected to launch in Summer 2027, stated the company. The partnership was brokered by licensing agency, WildBrain CPLG, on behalf of Supercell, it added."Supercell has created global franchises with deep character rosters and passionate fanbases," said Doug Wadleigh, Spin Master's President for Toys division. "This collaboration is a perfect match for Spin Master's expertise in translating digital-first properties into innovative toys and collectibles. We're ready to bring the action and adventure of Clash of Clans, Clash Royale, and Brawl Stars for fans 'IRL'."The company's shares were last seen down $0.42 at $19.42 on the Toronto Stock Exchange.Price: $19.32, Change: $-0.52, Percent Change: -2.62%

$TOY.TO

Wire53d ago

Burford Capital's Q1 Results Largely Driven by Non-Cash YPF Write-Down, Wedbush Says

Burford Capital's (BUR) Q1 results were largely driven by a massive $2.4 billion non-cash YPF write-down after the Second Circuit's reversal of the $16.1 billion judgment against Argentina, Wedbush Securities said Monday in a note.Despite adjusting for multiple factors affected by the YPF reversal, the firm still calculates an operating loss for Q1 given the unrealized losses for the rest of the portfolio tied to fair value marks, according to the note.Capital allocation priorities moving forward include continuing to fund ongoing commitments and underwrite new business, strategically lowering debt through open market purchases and calling existing maturities, potentially redirecting the $27 million annual dividend toward debt reduction, and aggressively managing operating expenses, according to the note.Burford noted that the chances of further relief in the YPF case from US courts are low, and that the more consequential path forward is international arbitration, the brokerage said.Wedbush maintained a neutral rating on Burford Capital and raised the price target to $5 from $4.75.Price: $4.86, Change: $-0.28, Percent Change: -5.45%

$BUR

Showing 29701-29720 of 50942

US Markets53d ago