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April US Existing Home Sales 4.02 Million Annual Rate Vs. 4.05 Million Expected, Prior 4.01 Million Rate

Research Alert: Mos: Record Sulfur Prices Impact Margins; Reduces 2026 Capex Outlook

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MOS reported a Q1 net loss of $258M vs. $238M income prior year, with adjusted EPS of $0.05 (-90% Y/Y) missing the $0.22 consensus and adjusted EBITDA of $416M (-24% Y/Y) was below the $432M consensus. Results included $323M in notable items, primarily $442M in charges from idling Brazilian operations. In our view, shares are likely to react negatively to the Q1 miss and reduced capex guidance, suggesting the company is curtailing production in a volatile environment. Management withdrew full-year phosphate production guidance and reduced 2026 capex guidance to $1.25B while announcing $50M in cost savings. Volatile conditions with elevated raw material costs compressed margins, particularly in Phosphate where sulfur costs surged above $1,200 per tonne despite 27% volume growth. Potash delivered improved results with 15% EBITDA growth to $275M on 19% higher realized prices. We expect continued pressure from raw material cost inflation and production curtailments beginning in May.

$MOS

Research53d ago

BofA Securities Initiates Coverage on Madison Air Solutions With Buy Rating, $47 Price Target

Madison Air Solutions (MAIR) has an average rating of overweight and mean price target of $47.33, 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: $42.31, Change: $+0.27, Percent Change: +0.64%

$MAIR

Wire53d ago

Deutsche Bank Adjusts Price Target on Corteva to $100 From $90

Corteva (CTVA) has an average rating of overweight and mean price target of $88.38, 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: $82.86, Change: $+1.72, Percent Change: +2.12%

$CTVA

Mining & Metals53d ago

Vecima Networks Says TX Fiber Launches Next-Generation Fiber Network Across South Texas With Vecima XGS-PON Deployment

Vecima Networks (VCM.TO) said leading independent fiber broadband provider serving South Texas, TX Fiber, deployed a next-generation 10-gigabit fiber network powered by its Entra XGS-PON Solution, on Monday.The deployment delivers symmetrical multi-gigabit internet service to residents and businesses across TX Fiber's service territory in the Rio Grande Valley, it said.TX Fiber plans to continue expanding its XGS-PON footprint across additional South Texas communities throughout 2026 and 2027, with further network announcements expected in the coming months.Shares of the company were last seen up 0.1% at $13.25 on the Toronto Stock Exchange.Price: $13.34, Change: $+0.10, Percent Change: +0.76%

$VCM.TO

Oil & Energy53d ago

US Oil Update: Futures Rally on Fading Peace Hopes

Oil futures gained on Monday after President Donald Trump's rejection of an Iranian peace proposal renewed fears of a prolonged shutdown at the Strait of Hormuz.The Brent futures contract gained about 2% to $103.33 per barrel while West Texas Intermediate oil futures were up 1.6% to $96.89/bbl."Brent crude futures advanced as much as 3.5% to $104.80 a barrel, while WTI climbed to near $99 after Trump said Iran's response was totally unacceptable, prolonging the effective closure of the crucial Strait of Hormuz," Saxo Bank analysts said.Analysts noted that the price spike signals a shift in market sentiment as traders abandon hope for a quick diplomatic fix in favor of a tighter global supply outlook.The rally marks a definitive reversal from last week's performance, where benchmarks trended lower on hopes that a 14-point memorandum of understanding was imminent.Investors are now looking toward a high-stakes summit between President Trump and Chinese President Xi Jinping as the next potential catalyst for de-escalation.While market participants are banking on Beijing utilizing its economic leverage over Tehran to broker a deal, ING analysts cautioned that such mediation remains "easier said than done."Until a breakthrough occurs, the market appears priced for a higher-for-longer risk premium as the 10-week conflict continues to strain global energy flows, analysts said."Our conclusion is that one way or another, the Strait reopens in June-anchored for simplicity on June 1-with the market requiring a clear, credible announcement, ratified and confirmed by both sides, such as a statement from the UN Security Council," J.P. Morgan analysts said.

Wire53d ago

Ecovyst Increases Term Loan to Support Calabrian Acquisition

Ecovyst (ECVT) said Monday it plans to issue a $100 million fungible term loan B add-on to support its proposed acquisition of the Calabrian sulfur dioxide and sulfur derivatives business from Ineos Enterprises.The acquisition is slated to close by the end of Q2, Ecovyst said, adding it will also use cash on hand for the deal.The add-on loan is expected to be co-terminus with Ecovyst's $397 million term loan B maturing June 2031, the company said.Shares of Ecovyst were about 1% higher in Monday trading.Price: $14.28, Change: $+0.14, Percent Change: +0.99%

$ECVT

Wire53d ago

Verizon Launches Cash Tender, Private Exchange Offers for Outstanding Debt

Verizon Communications (VZ) said Monday it started cash tender and private exchange offers for multiple series of outstanding notes.The telecom provider is proposing to buy back any amount of specific debt securities alongside up to $1.25 billion of targeted "Waterfall" notes, the company said.A concurrent exchange program permits qualified institutional buyers and international investors to trade 11 series of older unit debt for newly issued corporate notes, Verizon said.Investors must submit their notes by June 1 to qualify for early participation benefits, while the overall transactions are scheduled to expire on June 16, the company said.Price: $47.65, Change: $+0.43, Percent Change: +0.90%

$VZ

Wire53d ago

OpenAI Launches Deployment Company, Agrees to Acquire Tomoro

Microsoft-backed OpenAI is launching the OpenAI Deployment Company and has agreed to acquire Tomoro, an applied AI consulting and engineering firm, the company said Monday.The OpenAI Deployment Company is a new company dedicated to helping organizations build and deploy AI systems, with more than $4 billion in initial investment.The new company is majority-owned and controlled by OpenAI, with 19 investment firms, consultancies and system integrators as partners, led by TPG, OpenAI said.Tomoro's acquisition will add about 150 engineers and deployment specialists to the OpenAI Deployment Company, OpenAI said. Financial terms of Tomoro's acquisition were not disclosed.The purchase is expected to close in the coming months, OpenAI added.Price: $408.80, Change: $-6.26, Percent Change: -1.51%

$GS$MSFT$TPG

Wire53d ago

UGI Subsidiaries Launch Cash Tender Offers for Senior Notes due 2027, 2028

UGI (UGI) subsidiaries AmeriGas Partners and AmeriGas Finance have launched cash offers to purchase their outstanding 5.750% senior notes due 2027 and up to $175 million of their outstanding 9.375% senior notes due 2028, the company said Monday.Validly tendered 2027 notes will be eligible to receive $1,011.18 per $1,000 of the notes, with the offer expiring at 5 pm ET on May 15, the company said.Validly tendered 2028 notes will be eligible to receive $1,023.44 per $1,000 of the notes if tendered before or at the early tender deadline 5 pm ET on May 22, and $993.44 per $1,000 of notes if tendered afterwards, with the offer expiring at 5 pm on June 9, the company added.In a separate statement, the subsidiaries also plan to offer $500 million of senior notes due 2031 to qualified institutional buyers, UGI said.The subsidiaries intend to use the net proceeds, along with $300 million in cash previously received by AmeriGas Partners in connection with a UGI equity contribution and cash on hand, to repurchase their 2027 notes, to repurchase up to $175 million of their 2028 notes, and to repay $150 million in outstanding debt under the intercompany loan between AmeriGas Partners and UGI International, the company said.Price: $32.49, Change: $+0.15, Percent Change: +0.45%

$UGI

Wire53d ago

Deutsche Bank Adjusts Price Target on Fidelity National Information Services to $50 From $55

Fidelity National Information Services (FIS) has an average rating of overweight and mean price target of $59.10, 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: $42.46, Change: $-1.05, Percent Change: -2.41%

$FIS

Wire53d ago

UBS Adjusts W.W. Grainger Price Target to $1,350 From $1,190

W.W. Grainger (GWW) has an average rating of Hold and mean price target of $1,237.77, 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: $1226.71, Change: $-6.02, Percent Change: -0.49%

$GWW

Wire53d ago

Franklin Templeton, Corastone Launch Private Markets Model Portfolios

Franklin Resources' (BEN) Franklin Templeton and Corastone said Monday they launched private markets model portfolios designed to support financial advisers' access to private market investments through a managed portfolio structure.Financial terms were not provided.The companies said the portfolios use a single-subscription structure intended to lower minimum investment requirements and provide diversified exposure across private market assets.The new products combine Franklin Templeton's investment capabilities with Corastone's technology platform to support functions including subscriptions, portfolio administration, and rebalancing, according to the statement.Price: $31.04, Change: $-0.02, Percent Change: -0.05%

$BEN

Research53d ago

Research Alert: Circle Internet Group Q1: Arc Token Presale Complete, Agent Stack Launched

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CRCL reported Q1 revenue of $694M (+20% Y/Y, $20M below consensus) with diluted EPS of $0.21 ($0.03 above consensus). USDC circulation grew 28% Y/Y to $77B while RLDC margins expanded 148 bps Y/Y to 41% despite continued rate headwinds. We believe CRCL's transformation into a comprehensive financial infrastructure provider is gaining significant momentum, with USDC capturing 63% of stablecoin transaction volume share (vs. 32% Y/Y), demonstrating clear preference for actual economic activity. Management reaffirmed FY26 guidance with operating expenses of $570-585M and RLDC margins of 38-40%. The $222M ARC token presale at $3B valuation from premier investors including BlackRock and a16z validates Arc's potential as purpose-built blockchain infrastructure, with guidance excluding potential ARC revenue upside. We expect continued margin expansion driven by USDC circulation growth, with management targeting 40% CAGR over multiple years supported by expanding enterprise adoption and Arc mainnet launch.

$CRCL

Equities53d ago

Par Pacific Unit Plans $500 Million Private Placement of Senior Notes

Par Pacific (PARR) said Monday its Par Petroleum unit plans to offer $500 million of senior unsecured notes due 2034 in a private placement.The company said Par Pacific and certain subsidiaries are expected to guarantee the notes on a senior unsecured basis.Par Pacific said it plans to use the net proceeds from the offering, along with cash on hand or borrowings under its asset-based revolving credit facility, to repay and terminate Par Petroleum's term loan due 2030.PARR shares were up 2% in early trading Monday.Price: $65.06, Change: $+0.69, Percent Change: +1.06%

$PARR

Mining & Metals53d ago

Headwater Exploration Up 2.8% As Secures TSX Approval for Normal Course Issuer Bid

Headwater Exploration (HWX.TO) has secured approval from the Toronto Stock Exchange to commence a normal course issuer bid (NCIB), the company said Monday.Under the NCIB, Headwater may purchase for cancellation up to 22,287,602 common shares, or about 10% of its 237,762,877 issued and outstanding Shares as of April 30.The NCIB is expected to commence on Wednesday and will terminate on May 12, 2027, or earlier.Headwater believes that, from time to time, the market price of its shares may not fully reflect the underlying value of the shares.As a result of such purchases, the number of the issued shares will be decreased and, consequently, the proportionate share interest of all remaining shareholders will be increased on a pro rata basis.Price: $12.89, Change: $+0.35, Percent Change: +2.79%

$HWX.TO

Mining & Metals53d ago

Cronos Up More Than 8% As Q1 Net Income More Than Doubles, Beats Forecasts

Cronos (CRON.TO), up near 9% on last look, said Monday that first quarter net income more than doubled, beating estimates, boosted by higher revenues.Net income attributable to shareholders more than doubled to US$13.75 million or $0.04 per diluted share, from $6.12 million or US$0.02 per share in the prior year period. The result beat the consensus analyst estimate of $0.01 per share, according to FactSet.Net revenue jumped 40% to US$45.2 million over the same period. The increase was mainly due to higher cannabis flower sales in Israel and other countries, which carry no excise taxes, and higher cannabis extract and flower sales in the Canadian market, the company said.Among other highlights, it said net income of $15.7 million in Q1 2026 increased by $8.0 million from Q1 2025. The increase was primarily due to higher gross profit and other income, partially offset by higher operating expenses.Adjusted EBITDA of $5.1 million in Q1 2026 improved by $2.8 million from Q1 2025. The improvement was primarily driven by higher gross profit, partially offset by higher operating expenses due to higher sales and marketing, general and administrative, and research and development costs.It cited a balance sheet with $822 million in total cash and cash equivalents.Cronos shares were last seen $0.44, to $3.91, on the Toronto Stock Exchange.Price: $3.79, Change: $+0.32, Percent Change: +9.22%

$CRON.TO$HMMJ.TO

Wire53d ago

UBS Adjusts WEC Energy Price Target to $124 From $125

WEC Energy Group Inc (WEC) has an average rating of overweight and mean price target of $125.50, 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: $112.29, Change: $+0.63, Percent Change: +0.56%

$WEC

Wire53d ago

UBS Adjusts Price Target on WillScot to $29 From $19, Maintains Neutral Rating

WillScot (WSC) has an average rating of overweight and mean price target of $27.30, 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: $28.00, Change: $-0.11, Percent Change: -0.37%

$WSC

Wire53d ago

UBS Adjusts Carter's Price Target to $41 From $40, Maintains Neutral Rating

Carter's (CRI) has an average rating of Hold and mean price target of $40.67, 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: $34.62, Change: $-0.71, Percent Change: -2.01%

$CRI

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