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Electronic Arts Deal Still on Track Despite Lower Forecasts, Wedbush Says

Electronic Arts (EA) appears on track to close its pending deal, while live services growth, stronger margins, and steady franchises such as FC, Madden, and Apex Legends should support future results, Wedbush said in a note Wednesday.The investment firm lowered its fiscal 2027 and fiscal 2028 forecasts because it now expects a more cautious live services contribution, mainly from the Battlefield 6 player base, while reducing its fiscal 2027 net bookings estimate to $8.07 billion from $8.35 billion, with EPS of $8.73 from $9.41.For FY28, Wedbush lowered its net bookings forecast to $8.29 billion from $8.55 billion and cut its EPS estimate to $9.27 from $9.90, but added that it still expects operating margins to improve in fiscal 2027, helped by lower launch-related spending and better leverage in research, development, sales, and marketing.Live services could grow about 9% in fiscal 2027 and make up around 76% of total bookings, supported by Apex Legends, Global Football, and other ongoing franchises.Wedbush kept its neutral rating and $210 price target on Electronic Arts, saying the target reflects the announced deal price.Price: $201.66, Change: $+0.09, Percent Change: +0.04%

$EA

Mining & Metals55d ago

Hercules Metals Upsizes Private-Placement Share Financings to $31.5 Million

Hercules Metals (BIG.V) on Wednesday said it upsized private-placement share financings to $31.5 million from $23.2 million.The company sold underwriters 36.4-million shares price at $0.59 each in a bought-deal private placement, raising $21.4 million.It also is also seeking $10 million in a brokered private placement of 17-million shares, also priced at $0.59 eachBarrick Mining (ABX.TO) has a participation right to maintain its stake in the company but Hercules did not say if the company plans to participate in the offerings.Proceeds will be used for exploration and development of its 100% owned Hercules property in western Idaho and for general working capital needs.Shares of the company were last seen down $0.01 to $0.63 on the TSX Venture Exchange.Price: $0.63, Change: $-0.01, Percent Change: -1.56%

$ABX.TO$BIG.V

Wire55d ago

Lumentum Shows 'Standout' Pricing Power, Morgan Stanley Says

Lumentum's (LITE) pricing power continues to be a "standout" after it posted fiscal Q3 gross margins over 350 basis points above expectations, Morgan Stanley said in a Wednesday note.The firm can leverage its position in the market for electro-absorption modulated lasers and pump lasers, specifically by raising prices during tight conditions, the note said."With demand for product continuing to grow, that sets the stock up to maintain bull case valuation in the near term, as pricing power is unlikely to ease," the report said."This is even before we have really seen the ramp of optical circuit switching (OCS) and co-packaged optics (CPO), which don't become more material until later in the year," it added.Still, the note said some "digestion" would be healthy following the recent strong performance of its shares.Morgan Stanley raised its price target to $900 from $710 while keeping its equal-weight rating.Price: $935.74, Change: $-58.82, Percent Change: -5.91%

$LITE

Wire55d ago

Super Micro Computer Gross Margin Surprise Drives Earnings Upside, Wedbush Says

Super Micro Computer's (SMCI) sales have largely met or exceeded expectations in recent quarters, but gross margins have been a consistent issue, though that changed this quarter as margins beat estimates handily, Wedbush Securities said Wednesday.The company's fiscal Q3 gross margin was nearly 10.1%, up 370 basis points sequentially. While it guided for margins to fall to 8.2% to 8.4% this quarter, they will still be about 80 basis points above Wedbush's prior outlook at the midpoint, according to the note.The company is seeing more demand from emerging/smaller neoclouds. These smaller customers seem to have less leverage to gain discounts, yielding better trends for Super Micro, according to the note.Wedbush updated its fiscal Q4 estimates and expects EPS of $0.72, revenue of $12 billion, and gross margins of 8%, compared with the prior forecast of $0.68, $12.58 billion and 7%, respectively.For fiscal 2026, the brokerage expects EPS of $2.61, revenue of $39.94 billion, and gross margins of 8.2%, versus $2.35, $42.64 billion and 7% previously.Wedbush kept a neutral rating on Super Micro Computer and lowered the price target to $34 from $42.Shares of the company rose more than 16% in Wednesday trading.Price: $32.49, Change: $+4.66, Percent Change: +16.74%

$SMCI

Insider Trading55d ago

Westinghouse Air Brake Technologies Insider Sold Shares Worth $614,844, According to a Recent SEC Filing

Rafael Santana, Director, President, and CEO, on May 04, 2026, sold 2,326 shares in Westinghouse Air Brake Technologies (WAB) for $614,844. Following the Form 4 filing with the SEC, Santana has control over a total of 126,403 common shares of the company, with 126,403 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/943452/000162828026031018/xslF345X05/wk-form4_1778081852.xmlPrice: $272.55, Change: $+9.11, Percent Change: +3.46%

$WAB

Research55d ago

Research Alert: CFRA Upgrades To Buy From Hold On Shares Of The Walt Disney Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $15 to $130 using a wider equity risk premium and a forward TEV/EBITDA of 10.8x, below the three-year historical average at 12.2x or the five-year average at 19.1x. We increase our FY 26 (Sep) EPS estimate by $0.10 to $6.80 and FY 27's by $0.10 to $7.40 on projected revenue of $101.65B and $105.2B. We believe concerns about driving organic revenue growth and wider margins may ease following the solid results and outlook reported today. We believe DIS can generate wider margins from a combination of efficiency gains from capital investments across the businesses and disciplined spending on sports rights and entertainment (theatrical film). We are positive on the new CEO leadership, which we think will energize the company and lead it to embrace advanced technologies to fuel long-term growth and productivity. Management is focused on delivering profitable growth with margin expansion. We are confident DIS can deliver on this baseline plan with upside should macroeconomic conditions remain favorable.

$DIS

Wire55d ago

Update: Market Chatter: Microsoft Considers Shelving Clean Energy Target as Data Center Demand Rises

(Updates with Microsoft's response in the third paragraph.)Microsoft (MSFT) is mulling delaying or shelving its 2030 clean energy target as it attempts to remove obstacles in the race to build more data centers, Bloomberg reported Wednesday, citing people familiar with the matter.The company is still discussing the matter, and a decision has yet to be made, the report said. Microsoft targets to be carbon negative by 2030.A Microsoft spokesperson said that the company continues to look for opportunities to maintain its annual matching goal.(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: $413.28, Change: $+1.93, Percent Change: +0.47%

$MSFT

Wire55d ago

Barclays Cuts Price Target on Super Micro Computer to $34 From $38, Equalweight Rating Maintained

Super Micro Computer (SMCI) has an average rating of hold and mean price target of $35.33, 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: $32.43, Change: $+4.60, Percent Change: +16.53%

$SMCI

Commodities55d ago

Cenovus Hits Record Q1 Output as Liquids Production Rise, Gas and Refining Weigh

Canadian oil sands producer, Cenovus Energy (CVE), reported on Wednesday that production for the first quarter of 2026 reached 972,100 barrels of oil equivalent per day, marking its highest quarterly level and a 9% increase from 818,800 BOE/d in the same period a year earlier.Oil and natural gas liquids production rose to 830,100 barrels per day, up from 670,900 bpd in the first quarter of 2025.Conventional natural gas production declined to 852 million cubic feet per day from 887.9 MMcf/d a year earlier.In downstream operations, Cenovus reported crude throughput of 458,500 bpd, down from 665,400 bpd in the year-ago quarter, but said refinery utilization was 97%.The company also increased offshore production to 75,400 BOE/d during the quarter, up 6% from the previous quarter.

Wire55d ago

Huron Consulting Well-Positioned to Continue Capitalizing on Growth in Core Verticals, Wedbush Says

Huron Consulting (HURN) remains well-positioned to continue capitalizing on growth in its core verticals, Wedbush analysts said in a Wednesday note.Analysts said that more customers are turning to Huron Consulting for assistance in navigating market volatility.Wedbush said that the company's Q1 financial results beat expectations across the board and reaffirmed its "conservative" full-year revenue guidance.Analysts lowered their 2026 adjusted earnings estimate for the company to $8.81 per share from $8.82. Analysts polled by FactSet expect $8.84.Wedbush retained an outperform rating and $160 price target on the stock.Price: $115.52, Change: $-16.70, Percent Change: -12.63%

$HURN

Wire55d ago

Loop Capital Adjusts Price Target on Skyworks Solutions to $70 From $60

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $70.50, 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: $64.84, Change: $-7.73, Percent Change: -10.65%

$SWKS

Wire55d ago

BNP Paribas Adjusts Price Target on Corteva to $77 From $74

Corteva (CTVA) has an average rating of overweight and mean price target of $86.33, 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: $81.41, Change: $-2.49, Percent Change: -2.97%

$CTVA

Wire55d ago

Update: Market Chatter: Eli Lilly Plans to Sell About $8 Billion of Bonds to Fund Acquisitions

(Updates with the company's response in the fourth paragraph.)Eli Lilly (LLY) is looking to raise about $8 billion from an investment-grade bond sale to fund an acquisition spree, Bloomberg reported Wednesday, citing people with direct knowledge of the matter.The company is offering notes in as many as eight tranches, with maturities ranging from two to 40 years, according to the report.Proceeds will be used for general corporate purposes and potentially fund all or part of the upfront cash consideration and related expenses linked to the Centessa Pharmaceuticals (CNTA) and Kelonia Therapeutics acquisitions, Bloomberg said.An Eli Lilly spokesperson said the company is excited to be in the investment-grade market. Following strong Q1 earnings, an upgrade from S&P to AA- with a positive outlook, and a favorable market backdrop, Lilly is encouraged by investor interest, the spokesperson added.(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: $992.35, Change: $+3.48, Percent Change: +0.35%

$CNTA$LLY

Research55d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Apollo Global Management, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target by $15 to $150 using a narrower equity risk premium that still reflects APO's strong 20%+ fee earnings growth and robust AUM growth. Our target reflects a forward P/E of 16.6x versus a three-year historical average of 16.3x forward earnings. We were too optimistic in our EPS outlook and have lowered our 2026 EPS by $0.50 to $9.00 and 2027's by $0.70 to $10.75, both near consensus, on projected revenue of $5.3B and $6.3B, respectively. A risk to our rating is share price volatility led by concerns about lower-quality direct loans or private equity exposure to AI's potential disruption of software companies. On the earnings call, APO stated that low-quality direct loans (non-investment grade) exposed to AI disruption in technology firms are not material to total AUM. Of $1,026B in total AUM, Credit represented $834B (81% of total) and Equity represented $192B (19%). For 2026, APO is guiding toward 20%+ fee earnings, with 75% of revenue from established Credit businesses and 25% from Equity.

$APO

Research55d ago

Research Alert: Nisource Posts Q1 Beat, Raises Long-term Growth Outlook On Data Center Strategy

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:NiSource delivered Q1 non-GAAP adjusted EPS of $1.06, representing 8.2% growth and beating consensus estimates of $1.05. Weather conditions provided a $3.7M tailwind compared to a $16.8M negative impact in Q1 2025. The GenCo initiative continues gaining momentum with expanded partnerships with Alphabet and Amazon expected to deliver approximately $1.4B in customer cost savings, positioning NiSource to capitalize on growing data center energy demand. Management raised its 2026-2033 non-GAAP consolidated adjusted EPS compound annual growth rate guidance to 9%-10% from 8%-9% and reaffirmed 2026 guidance of $2.02-$2.07. We believe the upward revision in long-term growth guidance reflects accelerating benefits from the data center strategy and provides NiSource with superior growth visibility compared to traditional utility peers. In our view, the GenCo model represents a differentiated growth strategy that strengthens grid infrastructure while delivering tangible customer benefits.

$NI

Mining & Metals55d ago

CIBC Sees a Favorable Backdrop for Gold Developers Amid High Gold Prices

The backdrop for gold developers including Fuerte Metals (FMT.V), Meridian Mining (MNO.TO) and Thesis Gold & Silver (TAU.V) is increasingly favorable amid high gold prices, CIBC Capital Markets said.Elevated gold prices have improved project economics, while strong equity financing appetite and record royalty deal flow continue to support project advancement and provide additional balance sheet flexibility, CIBC said.CIBC views recent consolidation in the gold sector as constructive for M&A, as it may help narrow the gap between buyer and seller expectations.CIBC's gold coverage reflects a broader review of the sector universe, focusing on names that offer the most compelling combination of robust economics, credible paths to construction, capable management teams and meaningful re-rating potential.CIBC also raised Skeena Resources (SKE.TO)'s price target to C$60.00 from $58.00.Price: $9.51, Change: $+0.26, Percent Change: +2.81%

$FMT.V$MNO.TO$SGD$SKE.TO$TAU.V$TO

Wire55d ago

Blue Moon Metals Closes C$156.23-Million Bought-Deal Share Offerings; Shares up 5.6%

Blue Moon Metals (MOON.V) on Wednesday said it closed a bought-deal public offering of shares and concurrent bought deal private placement, raising C$156.23 million.The company sold underwriters 10.63-million shares priced at C$10.00 in the public offering, raising C$106.23 million, including the partial exercise of the underwriters' over-allotment option.The concurrent private placement sold five-million shares at the same price for proceeds of C$50 million.The proceeds are expected to be used for construction of the Nussir and Blue Moon projects, development capital for the Springer Tungsten and Apex projects, additional exploration at the foregoing projects, working capital, U.S. growth activities and general and administrative and corporate activities.The company's shares were last seen up $0.51 to $9.60 on the TSX Venture Exchange.Price: $9.60, Change: $+0.51, Percent Change: +5.61%

$MOON.V

Wire55d ago

Rothschild & Co Redburn Adjusts Live Nation Entertainment Price Target to $195 From $193

Live Nation Entertainment (LYV) has an average rating of overweight and mean price target of $185.78, according to analysts polled by FactSet.Price: $168.56, Change: $+11.30, Percent Change: +7.19%

$LYV

Wire55d ago

Jefferies Raises Williams Price Target to $87 From $83

Williams (WMB) has an average rating of overweight and mean price target of $82.14, 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)Price: $74.38, Change: $-1.74, Percent Change: -2.29%

$WMB

Wire55d ago

Logitech International Fiscal Q4 Results Highlight Resilient Model, Wedbush Says

Logitech International (LOGI) demonstrated a resilient operating model in fiscal Q4, with strong execution across product innovation, cost discipline, and supply chain optimization supporting gross and operating margin expansion ahead of expectations, Wedbush Securities said in a Wednesday note.The company continues to execute on its strategic priorities, including growing its B2B business, increasing market share in China, reviving video collaboration, and reinforcing its leadership in personal workspace solutions, the report said.Despite weak PC shipments and higher component costs, Logitech is lifting average selling prices through new products and improved marketing, with strong demand for the G Pro X2 Superstrike underscoring premium execution and gaming growth, the Wedbush analysts said.The analyst cited Logitech's large PC "white space" opportunity and low upgrade penetration, saying improved marketing could drive growth, while net cash supports buybacks, dividends, and acquisitions into 2027.Wedbush maintained its outperform rating on the stock with a price target of $135.Price: $102.55, Change: $-2.87, Percent Change: -2.72%

$LOGI

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