Financial News · Live Terminal

Page 1533 of 2480

BTIG Downgrades Accuray to Neutral From Buy, Price Target is $2

Alliance Global Downgrades Modiv Industrial to Neutral From Buy, Price Target is $18

Modiv Industrial (MDV) has an average rating of hold and mean price target of $18.67, 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)

$MDV

Research55d ago

KeyBanc Downgrades Angi to Sector Weight From Overweight, Price Target is $11

Angi Inc (ANGI) has an average rating of hold and mean price target of $10.50, 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)

$ANGI

Research55d ago

Wells Fargo Upgrades United Therapeutics to Overweight From Equalweight, Raises Price Target to $738 From $575

United Therapeutics (UTHR) has an average rating of buy and mean price target of $670.67, 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)

$UTHR

Research55d ago

Cantor Fitzgerald Downgrades Vertical Aerospace to Neutral From Overweight, Price Target is $8

Vertical Aerospace (EVTL) has an average rating of overweight and mean price target of $12.11, 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)

$EVTL

Research55d ago

Research Alert: CFRA Maintains Hold Recommendation On Shares Of Arm Holdings Plc

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target to $250 from $180, on a higher revised P/E of about 90x our CY 27 EPS estimate of $2.79, above peers given growth prospects. After posting largely in-line Mar-Q results and Jun-Q guidance, we maintain our FY 27 (Mar.) EPS estimate at $2.18 and start FY 28 at $3.06. We believe that ARM's strategic expansion from a pure-play IP company into a silicon provider with the launch of the Arm AGI CPU in late March has the potential to significantly increase its market opportunity. This new product, aimed at the Agentic AI market, has seen explosive initial interest, with customer demand doubling to over $2 billion for fiscal years 2027 and 2028 since its announcement just weeks prior. Supply constraints could limit the trajectory of Arm AGI sales early on, but we think this initiative offers explosive growth potential in our out year estimates (CY 28 through CY 30). Despite $25B revenue and $9 EPS target by decade end, we think valuation (28x on a 2030 basis) already discounts much of this growth.

$ARM

Research55d ago

Research Alert: Becton Dickinson Tops Q1 Estimates, Bumps Forward Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BDX delivered solid Q2 FY 26 (Sep.) results with revenue growth of 5.2% to $4.714B and adjusted EPS of $2.90 (+3.9%) beating the consensus by $0.10. The quarter featured BDX's major "Excellence Unleashed" restructuring initiative with $487M in charges including $450M of non-cash asset impairments as the company simplifies operations. This strategic repositioning positions BDX for improved operational efficiency and margin expansion, in our view. The company raised full-year adjusted EPS guidance to $12.52-$12.72 from the prior $12.35-$12.65 range while reaffirming low single-digit revenue growth expectations. Segment performance showed balanced growth with Interventional leading at +7.3% to $1.357B and Connected Care delivering +4.9% to $1.120B. We believe balanced capital allocation, including $2.0B accelerated share repurchases and $2.1B debt retirement, demonstrates management's commitment to shareholder returns while investing in operational improvements.

$BDX

Research55d ago

Cantor Fitzgerald Downgrades Ouster to Neutral From Overweight, Price Target is $33

Ouster (OUST) has an average rating of buy and mean price target of $40, 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)

$OUST

International55d ago

US Dollar Falls Early Thursday Ahead of Jobless Claims, Productivity

The US dollar fell against its major trading partners early Thursday ahead of the release of weekly jobless claims and the preliminary estimate of Q1 productivity, both at 8:30 am ET.Construction spending data for March are due to be released at 10:00 am ET, followed by weekly natural gas stocks at 10:30 am ET and the New York Federal Reserve's inflation expectations report for April at 11:00 am ET.The Atlanta Fed is due to update its GDP nowcast estimate for Q2 around midday, Minneapolis Fed President Neel Kashkari is due to speak at 2:00 pm ET, consumer credit data for March are due to be released at 3:00 pm ET, and New York Fed President John Williams is expected to speak at 3:30 pm ET.Earlier Thursday, outplacement firm Challenger, Gray & Christmas reported that layoff intentions rose in April, led by the technology sector due to increased use of AI.A quick summary of foreign exchange activity heading into Thursday:EUR/USD rose to 1.1765 from 1.1749 at the Wednesday US close, but was below 1.1786 at the same time Wednesday morning. Eurozone retail sales declined in March, slowing the year-over-year rate, while Eurozone construction PMI declined in April, according to data released earlier Thursday. European Central Bank policy board member Frank Elderson is due to speak at 8:00 am ET, followed by member Philip Lane at 8:40 am ET and member Isabel Schnabel at 1:00 pm ET. The next European Central Bank meeting is scheduled for June 11.GBP/USD rose to 1.3614 from 1.3594 at the Wednesday US close but was below 1.3637 at the same time Wednesday morning. UK construction PMI declined in April, according to data released earlier Thursday. The next Bank of England meeting is scheduled for June 18.USD/JPY fell to 156.3641 from 156.4049 at the Wednesday US close, but was above 155.9026 at the same time Wednesday morning. The Japanese monetary base declined sharply in April, according to data released overnight. The next Bank of Japan meeting is scheduled for June 15-16.USD/CAD fell to 1.3626 from 1.3635 at the Wednesday US close, but was above 1.3596 at the same time Wednesday morning. The Canadian leading index for April is due to be released at 8:00 am ET. The next Bank of Canada meeting is scheduled for June 10.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY

Sectors55d ago

Markets Remain "Cautiously" Optimistic on Iran War Deal, Says Scotiabank

Markets continue to be "cautiously" optimistic on Thursday toward the prospect of a United States-Iran deal to end the war despite the appearances of the U.S. administration pumping the deal vastly more than the other side, said Scotiabank.Oil is off by another couple of US dollars a barrel early Thursday, noted the bank.Sovereign yields are slightly lower by 1bps to 2bps across major markets, stated Scotiabank. The US dollar (USD) is on the run, but with Norway's krone (NOK) outperforming after the central bank hiked.Equities are mixed, however, with North American futures in the black but European cash markets slightly in the red, added Scotiabank.Any hints at which direction negotiations are going will clearly dominate market movements relative to what else is on the line-up in the macroeconomics calendar, according to the bank.

$CXY$NOK$USD

Research55d ago

Guggenheim Downgrades Portillo's to Neutral From Buy, Price Target is $17

Portillo's (PTLO) has an average rating of overweight and mean price target of $6.25, 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)

$PTLO

Research55d ago

Canadian Tire Price Target Raised $9 at RBC

RBC Capital Markets raised its price target on retailer Canadian Tire Corp. (CTC-A.TO) to $220 from $211.Analyst Irene Nattel maintained an Outperform rating on shares of the Canadian retailer ahead of its quarterly results on May 14."Fine-tuning underlying assumptions, notably for Q1 to reflect resilient consumer demand through the end 2025, seasonal winter weather, and for SportChek, tailwind from the Olympic Winter Games and in Q2, the World Cup and Hockey Playoffs," Nattel said in a note to clients."Nonetheless, while we reiterate our view that CTC valuation understates CTR's strong positioning and solid profitability, we are adopting a more conservative stance for the rest of 2026, which we reflect in our Retail segment target multiple from 6.5x to 6.0x EBITDA," the analyst said.(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)

$CTC-A.TO

Research55d ago

Research Alert: Trex Q1 2026: Strategic Pivot And Strong Capital Returns Amid Market Headwinds

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Trex delivered resilient Q1 2026 results with net sales up 1% to $343M and gross margin holding at 40.5% despite $4M in additional depreciation from the new Little Rock facility. Net income rose to $61M ($0.58/share) while adjusted EBITDA improved 2% to $103M, demonstrating strong cash generation amid residential market headwinds. New CEO Adam Zambanini launched five strategic priorities focused on end-user relationships and innovation, while the company expanded its PVC decking rollout and executed aggressive capital returns with $150M in share repurchases. Management reaffirmed 2026 guidance of $1.185-1.23B revenue and $315-340M adjusted EBITDA despite down-to-flat R&R markets. We believe the company is well-positioned for significant free cash flow expansion as capex returns to maintenance levels of 5-6% of revenue in 2027, while strategic initiatives and a strong balance sheet support long-term growth despite near-term market challenges.

$TREX

Equities55d ago

DA Davidson Raises Price Target on EOG Resources to $153 From $148, Keeps Buy/Add Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $157.47, 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)

$EOG

Mining & Metals55d ago

Knight Therapeutics Reports Q1 Beat, Raises 2026 Revenue Guidance

Knight Therapeutics (GUD.TO) first quarter net earnings and adjusted revenue both jumped, beating forecasts, the company said on Thursday, as it raised its 2026 revenue guidance.Net income surged 503% to $13.2 million or $0.13 per share, from $2.2 million or $0.02 per share in the previous corresponding quarter. The result beat the consensus mean forecast of $0.03 per share, according to FactSet.Adjusted revenue, which excludes most one-time items, climbed 68% to $147.6 million, beating the forecast of $114.06 million. The increase was driven by the incremental revenue from the Paladin and Sumitomo portfolios, the growth of the company's promoted products, and the purchasing patterns of certain products including Ambisome deliveries to Brazil's health ministry, it said.Knight Therapeutics also increased its fiscal 2026 revenue guidance to between $510 million to $525 million in revenues up from $490 million to $510 million. Adjusted EBITDA is expected to be 15% of revenues. The higher revenue outlook is due to better performance of promoted products in several countries including Canada, Mexico and Colombia and improved forecasted LATAM currencies against the Canadian dollar.Knight shares closed down $0.04, to $7.51 on Wednesday on the Toronto Stock Exchange.

$GUD.TO

Mining & Metals55d ago

Ensign Energy Services Swings to Q1 Loss YoY

Ensign Energy Services (ESI.TO) reported Thursday a year-over-year swing to net loss in the first quarter, amid moderate spending from oil and natural gas producers.The company posted a net loss of C$11.1 million, or a loss of $0.06 per share, for the three months ended March 31, reversing the net income of $3.7 million, or $0.02 per share, in the year-ago period.Analysts estimated a loss of $0.04 per share, according to consensus estimates compiled by FactSet.Revenue fell 4% to $418.0 million while adjusted EBITDA dropped 7% to $94.8 million."To date, oil and natural gas producers continue to moderate their capital spend, remain committed to cash flow generation and maintaining current production levels," Ensign said."Furthermore, the impact of uncertainty around the global economy and tariff policies adopted by the U.S. administration and the implications from such policies continue to impact operating activity," Ensign added.Ensign expects the Middle East war to directly impact the industry, while noting thatthe oilfield services sector maintains a generally constructive outlook despite a year-over-year activity decline in Canada.

$ESI.TO

Research55d ago

DNB Carnegie Starts Kongsberg Maritime Coverage with Hold Rating

DNB Carnegie on Thursday initiated coverage of maritime technology services company Kongsberg Maritime (KMAR.OL) with a hold rating and a price target of 70.00 Norwegian kroner.(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)

$KMAR.OL

International55d ago

Persain Gulf Outlook Caps European Bourses Midday

European bourses tracked moderately lower midday Thursday as traders deciphered mixed messages from Tehran and Washington regarding a possible negotiated opening of the Strait of Hormuz and a subsequent end to Persian Gulf hostilities.Bank and tech stocks edged higher on continental trading floors, while property and oil shares lagged.Front-month North Sea Brent crude-oil futures were down 3.2% at $98.02 a barrel.Investors also eyed muted Wall Street futures amid solidly higher closes overnight on Asian exchanges, with fresh zeniths set on equity indices in Seoul, Taiwan and Tokyo.In economic news, euro area retail sales declined by a seasonally adjusted 0.1% in March from February, and gained 0.3% month over month in the broader European Union, Eurostat reported. Year over year, retail sales advanced by 1.2% in March in the eurozone and by 1.9% in the bloc.The pan-continental Stoxx Europe 600 Index was off 0.3% mid-session.The Stoxx Europe 600 Technology Index was up 0.2%, and the Stoxx 600 Banks Index gained 0.1%.The Stoxx Europe 600 Oil and Gas Index eased 1.4%, while the Stoxx 600 Europe Food and Beverage Index fell 1.3%.The REITE, a European REIT index, declined 0.7%.On the national market indexes, Germany's DAX was down 0.2%, and the FTSE 100 in London lost 0.5%. The CAC 40 in Paris was down 0.2%, and Spain's IBEX 35 gained 0.1%.Yields on benchmark 10-year German bonds were lower, near 2.98%.The Euro Stoxx 50 volatility index was up 0.7% at 21.28, 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

Research55d ago

BofA Securities Upgrades Scorpio Tankers to Buy

Scorpio Tankers (STNG) has an average rating of buy and mean price target of $98.75, 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)

$STNG

Research55d ago

BMO Capital Upgrades Selective Insurance to Outperform From Market Perform, Adjusts Price Target to $97 From $84

Selective Insurance (SIGI) has an average rating of hold and mean price target of $90.14, 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)

$SIGI

Showing 30641-30660 of 49597

International55d ago

US Dollar Falls Early Thursday Ahead of Jobless Claims, Productivity

$EUR/USD$GBP/USD$USD/CAD$USD/JPY