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Edgewell Personal Care Moving in the 'Right' Direction, RBC Says

Edgewell Personal Care (EPC) is moving in the "right" direction after a period of "persistent underperformance," RBC Capital Markets analysts said in a Monday note.The company is scheduled to report its fiscal Q2 financial results on Wednesday.Analysts said they do not expect any additional surprises in Edgewell's fiscal Q2 financial report, and instead look for indications that its initiatives remain on track to drive improvement.RBC said there are some "positive" consumption data points for the quarter, but it remains wary of "fragile" demand conditions.Analysts said the conflict in the Middle East has the potential to pressure demand and costs.RBC has an outperform rating on the stock and a $26 price target.Price: $22.22, Change: $-0.34, Percent Change: -1.51%

$EPC

Oil & Energy55d ago

Market Chatter: Bessent Calls on China to Act on Iran, Pushes Support for Hormuz Shipping Efforts

US Treasury Secretary Scott Bessent pressed China to act on Iran as tensions centered on the Strait of Hormuz, he said Monday in an interview on Fox News."China, let's see them step up with some diplomacy and get the Iranians to open the strait," Bessent said, urging Beijing to increase pressure on Iran to reopen the Strait of Hormuz.China buys about 90% of Iran's energy, and "they are funding the largest state sponsor of terrorism," Bessent added, calling for a more active role from China.He urged China to support the US-led international effort to secure shipping routes through the Strait of Hormuz.President Donald Trump and Chinese President Xi Jinping will discuss Iran during their May 14-15 summit in Beijing, while maintaining stable bilateral ties, Bessent said.He said both leaders built stability after their trade truce in Busan last October, adding, "We've had great stability in the relationship... that comes from the two leaders having great respect for each other."The US launched a naval mission, Operation Freedom, to escort ships using destroyers, aircraft, and drones, with Bessent saying, "The threat of attacks from Iran has closed the strait; we are reopening it."Bessent said the US holds control over the waterway, stating, "We are saying the Iranians do not have control of the strait. We have absolute control of the strait."Bessent said the global oil shortfall from the conflict stands at about 8 million barrels per day to 10 million b/d, noting each tanker moving through the Strait of Hormuz carries roughly 2 million barrels.He said four to five vessels exiting daily could address the deficit, adding that 150 to 200 ships remain available and that the market will be well supplied."Iran's economy is in free-fall," Bessent said, adding that while officials claim resilience, their forces "will not have a high tolerance for not getting paid," highlighting mounting financial strain.has reached out to the US Treasury for any comments.(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.)

Wire55d ago

Colgate-Palmolive Set for Organic Sales Growth Rebound, Morgan Stanley Says

Colgate-Palmolive (CL) is poised to return to 3% to 4% organic sales growth after a rebound to about 3.5% in Q1, with momentum expected to build in H2, Morgan Stanley said Sunday in a report.Colgate-Palmolive's difficult 2025 is "in the rear-view mirror," with organic sales growth rebounding to 3% in Q4 from 1.2% in Q3 and improving into early 2026, supported by "solid pricing power," 45% exposure to faster-growing emerging markets and a likely bottom in North America, the report said.Further improvement in organic sales growth is expected in the near term as the drag from private-label discontinuations fades and North America stabilizes, the report said.Colgate-Palmolive on Friday reported Q1 adjusted EPS of $0.97, beating estimates, with stronger-than-expected 2.9% organic sales growth, while maintaining its 2026 outlook, despite $300 million in cost pressures expected to be partly offset by savings, the report said.Morgan Stanley raised its price target on Colgate-Palmolive stock to $100 from $95 and kept its overweight rating, naming the company as a top pick in the household and personal care sector.Price: $85.73, Change: $-1.53, Percent Change: -1.75%

$CL

Mining & Metals55d ago

Black Mammoth Metals Provides Exploration Update For the 305 Property in Nevada

Black Mammoth Metals (BMM.V), down 8.5% on last look, on Monday said a ground gravity survey of its 305 property in Nevada delineated another drill target area, trending in a north-south direction, intersected by a northeast- trending gravity anomaly.There has not been any known drilling in the new drill target area in the south indicated by the company's gravity and IP surveys, a statement said.The 305 property is drill ready subject to completion of a Bureau of Land Management (BLM) Notice of Intent, Black Mammoth confirms.The company also staked nine unpatented lode claims on lands administered by the BLM. Together with the 40 existing claims, the 305 property now covers a total of 409 hectares (1012 acres).Black Mammoth Metals shares were last seen down $0.33 to $3.55 on the TSX Venture Exchange.Price: $3.55, Change: $-0.33, Percent Change: -8.51%

$BMM.V

Commodities55d ago

GE Vernova Wins 1.35-GW India Pumped-Storage Order from MEIL

GE Vernova (GEV) has won an order from India's Megha Engineering and Infrastructures Limited to supply nine 150-megawatt pumped-storage units for the 1.35-gigawatt Upper Sileru hydropower project in Andhra Pradesh, it said in a Monday statement.The project is scheduled for completion in 2030, with the facility set to rank among India's largest pumped-storage plants. It is expected to provide electricity equivalent to the annual consumption of roughly 3 million homes.The project aims to support grid stability by storing excess renewable energy and balancing variable solar and wind generation.GE Vernova's contract covers design, engineering, manufacturing, testing, delivery, and commissioning support for the nine vertical Francis reversible units and associated control systems.The award marks the companies' second collaboration, following GE Vernova's ongoing delivery of four 125-MW pumped-storage units for the Kundah hydropower project.Pumped storage acts as large-scale energy storage, enabling rapid switching between pumping and generation to manage peak demand and frequency. GE Vernova said it holds about 30% of the global installed pumped-storage base and is developing over 3 GW of projects worldwide.Price: $1073.06, Change: $+10.11, Percent Change: +0.95%

$GEV

Wire55d ago

Prudential Financial Recovery Uncertain Amid Japan Sales Suspension, Morgan Stanley Says

Prudential Financial (PRU) faces continued pressure from its voluntary suspension of new policy sales in Japan, with uncertainty around recovery in sales, revenue, and reputation, Morgan Stanley said in a note Monday.The company updated its earnings outlook after its Prudential Life Insurance unit in Japan decided to extend a voluntary sales suspension by another 180 days through November. Media reports also indicate that Japan's Financial Services Agency is conducting on-site inspections, and there are suggestions the company may have been aware of some of the problems, according to the note.Based on past cases of misconduct in Japan's life insurance sector, Morgan Stanley said the situation may not be resolved soon. While Prudential's case is different, "we believe it is more likely to experience longer term structural pressure on sales and annualized net premiums, given the breadth of the misconduct and the associated sales suspension," the firm said.Based on an estimated pretax operating earnings impact of $525 million to 575 million in 2026 and $400 million to $450 million in 2027, the firm said it is reducing its earnings per share estimates to $13.43 for 2026 and $14.73 for 2027.Morgan Stanley downgraded Prudential Financial from equal-weight to underweight, and cut its price target to $92 from $106.Price: $98.40, Change: $-0.22, Percent Change: -0.22%

$PRU

Wire55d ago

Bob's Discount Furniture Faces Softer Category Demand, Rising Costs Ahead of Q1 Results, RBC Says

Bob's Discount Furniture is expected to report in-line Q1 results, but channel checks point to softer category demand and rising costs, which could pressure the stock in the near-term, especially with two quarters of tough comparisons ahead, RBC Capital Markets said in a note emailed Monday.For Q1, the firm models comparable sales growth of 1.3%, implying decent market share gains versus the category, which declined by low-single-digits during the quarter, according to the note.Transaction data supports management's view that relative Q1 weakness was isolated to January and February due to winter storms and improved later. RBC said its channel work suggests that the overall category slowed in April.The brokerage thinks Bob's might benefit from higher tax refunds year-over-year and notes that management attributes comp outperformance in the past year partially to improved conversion thanks to a new retail operating system launched in 2024's Q4.The company will report Q1 results before the market opens on Thursday.RBC maintained an outperform rating on Bob's Discount Furniture and lowered the price target to $18 from $25.Price: $10.41, Change: $-0.66, Percent Change: -5.96%

$BOBS

Research55d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Jones Lang Lasalle Incorporated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $10 to $340, based on a P/E of 15.5x our 2026 EPS estimate, a small discount to JLL's three-year average forward multiple of 17.4x. We increase our 2026 EPS estimate by $1.55 to $21.97 and increased 2027 by $2.26 to $24.07. Due to instability in the Middle East, management noted it has limited visibility into more economically sensitive segments, mainly Capital Markets with guidance reflecting this lack of clarity in 2H 2026. We continue to have a positive view on how AI will impact JLL with management emphasizing a high internal adoption rate as 75% of employees are using core AI tools with 25,000 using enterprise AI applications daily now. In the long term, we believe this enables JLL to do more with a smaller headcount, driving margins higher. JLL is currently exiting some international less profitable contract with the property management space in Asia Pacific, creating a small headwind to growth this year.

$JLL

Research55d ago

Research Alert: CFRA Reiterates Buy Rating On Shares Of Kimco Realty Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $1 to $27, on a forward P/FFO of 14.4x our 2026 FFO estimate, a premium to its 12.6x three-year P/FFO average and in line with the retail peer average (14.8x). We increase our 2026 FFO estimate by $0.02 to $1.87 and increase 2027 by $0.02 to $1.93. New lease rental growth continued to be a strong point at 23.8% in Q1, emphasizing how in-demand KIM's properties currently are. This new lease growth has driven the signed-not-opened pipeline to a record $77M. Management commented that the tenant credit profile is as strong as they can remember, a testament to KIM's work in selecting tenants less exposed to e-commerce competition in recent years. We continue to see KIM recycling low-growth assets and ground leases with proceeds used in 1031 exchange acquisitions. 2026 debt maturities are elevated, with $800M in refinancings expected in 2H 2026 at 100-125 bps higher rates, in our view.

$KIM

Research55d ago

Hudbay Minerals Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept at C$41.00

Stifel Canada on Monday reiterated its buy rating on the shares of Hudbay Minerals (HBM.TO) and its C$41.00 price target following the company's first-quarter results."Hudbay reported Q1/26 adjusted EPS of $0.40 vs. our $0.28 (consensus: $0.34) and adjusted EBITDA of $422Mln vs. our $364Mln (consensus: $376Mln) primarily due to higher metals sales (+3% higher copper sales; +9% higher gold sales). Q1/26 copper production of 27.9Kt and gold production of 61.7Koz was in-line at lower consolidated copper cash costs of $(1.80)/lb vs. our $(1.45)/lb. FY26 production and cost guidance was reaffirmed across all metals. Net debt was reduced to $5.6Mln (0.0x net debt/EBITDA) following closing of the Copper World JV transaction with Mitsubishi for a 30% minority interest and the all-stock Arizona Sonoran acquisition that is on track to close in Q2/26. The Copper World Definitive Feasibility Study (DFS) is more than 85% complete and on track for completion in mid-2026 with a project sanction decision expected later in 2026," analyst Ralph Profiti wrote.(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: $30.08, Change: $-0.94, Percent Change: -3.03%

$HBM.TO

US Markets55d ago

S&P 500 Companies' Quarterly Profit, Revenue Growth Accelerates, Oppenheimer Says

S&P 500 companies' quarterly earnings and revenue growth accelerated compared with figures from a week ago, Oppenheimer Asset Management said Monday.Some 63% of companies in the benchmark equity index have reported results in the latest cycle, with earnings up 28% from a year earlier and revenue growing 11%. Last week's report by the brokerage showed profit and revenue growth at about 25% and 10%, based on financials reported by 28% of the index constituents.Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to Oppenheimer.Of the companies that have reported results so far, 81% have exceeded analyst estimates, Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Among sectors, communication services and consumer discretionary outperformed in terms of earnings, with profits up by more than 50% each year over year. Technology led the chart for revenue growth, with a 22% increase, followed by communication services' 16% jump.This will be another busy week for corporate earnings, with Palantir Technologies (PLTR), Advanced Micro Devices (AMD), Disney (DIS), Uber Technologies (UBER) and McDonald's (MCD) due to post their financials.On Friday, the S&P 500 and the Nasdaq Composite reached new all-time closing highs.President Donald Trump has launched "Project Freedom" to escort commercial ships through the Strait of Hormuz. Two US-flagged vessels passed through the strait, the US Central Command said Monday, after denying claims from Iran that a US ship had been hit."Notwithstanding the recent powerful rallies in stocks, challenges remain to finding resolution for the conflict and in our view persist as a potential negative overhang to market performance with news flow from the Middle East, the price of oil, and supply chain disruptions adding to inflation risks near term," Stoltzfus said. "That said, stock prices in the US continue to reflect in our view an appreciation for the fundamentals that matter most for revenue and profit growth."Price: $148.03, Change: $+3.96, Percent Change: +2.75%

$AMD$DIS$MCD$PLTR$UBER

Wire55d ago

Citigroup Lifts Price Target on EQT to $70 From $66, Maintains Buy Rating

EQT (EQT) has an average rating of overweight and mean price target of $71.02, 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: $59.45, Change: $+0.79, Percent Change: +1.35%

$EQT

Wire55d ago

Update: Morgan Stanley Raises Price Target on Estee Lauder to $90 From $85, Keeps Equalweight Rating

(Updates with the analyst's commentary.)Morgan Stanley raised its price target on Estee Lauder (EL) to $90 from $85 while maintaining its equalweight rating.The brokerage said in a Monday note it is "encouraged" by Organic Sales Growth and with "a faster margin recovery" but held back by OSG concentration and "skepticism around a potential Puig deal."Morgan Stanley said OSG results are "China driven" and while emerging markets and online continue to outperform, growth is "limited" outside these areas, with The Americas experiencing a flat OSG.The brokerage said it questions whether acquiring beauty firm Puig is "worth the opportunity cost," given the company's complexity and "the cultural risk of merging two family-run companies" while Estee Lauder is itself "undergoing a complex initial restructuring."Estee Lauder has an average rating of overweight and mean price target of $96.82, 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: $80.95, Change: $+1.65, Percent Change: +2.08%

$EL

Wire55d ago

Barclays Adjusts Price Target on Crown Castle to $92 From $91, Maintains Equalweight Rating

Crown Castle (CCI) has an average rating of overweight and mean price target of $97.62, 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: $90.16, Change: $+0.90, Percent Change: +1.01%

$CCI

Wire55d ago

Barclays Adjusts Price Target on CBRE Group to $178 From $175, Maintains Overweight Rating

CBRE Group (CBRE) has an average rating of buy and mean price target of $181.73, 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: $141.99, Change: $+0.18, Percent Change: +0.13%

$CBRE

Wire55d ago

Jefferies Adjusts Price Target on Quanta Services to $857 From $654, Maintains Buy Rating

Quanta Services (PWR) has an average rating of overweight and mean price target of $778.23, 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: $747.48, Change: $+5.27, Percent Change: +0.71%

$PWR

Mining & Metals55d ago

CIBC Resumes Coverage of Gibson Energy with Outperformer Rating, C$32 Price Target

CIBC Capital Markets on Friday resumed coverage of Gibson Energy (GEI.TO) after coming off restriction, with an outperformer rating and an increased price target to C$32.00 from C$30.00CIBC views Gibson's acquisition of the Chauvin infrastructure assets in Alberta as strategic and accretive, extending the company's Hardisty platform with a complementary asset with favorable economics.Alongside a visible pipeline of follow-on projects, the acquisition enhances visibility to the company's target of a 7%+ infrastructure EBITDA per-share compound annual growth rate through 2030.Price: $30.11, Change: $+0.21, Percent Change: +0.70%

$GEI.TO

Research55d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Cubesmart

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target price by $2 to $42, using a forward P/FFO of 16.3x our 2026 FFO estimate, a small premium to CUBE's three-year average of 16.2x. We maintain our 2026 FFO estimate at $2.59 and decrease 2027 by $0.02 to $2.67. Same-store revenue turning positive in Q1 and CUBE having fewer vacates were the strongest keys to performance this quarter. We believe pricing may be improving outside the Sun Belt markets but note that CUBE faces tough comps in 2H 2026 with the market expecting same-store NOI to be down 2%-3% Y/Y. We note that management is currently more enthusiastic about stock repurchases than acquisitions, as it believes private market properties are trading at a growing premium to its public portfolio. In our view, this gap is more likely to close via private market valuations decreasing rather than CUBE's multiple meaningfully expanding. Overall, we believe the NYC metro is key to CUBE's potential for faster FFO growth in Q4 2026 and 2027, as demand continues to exceed supply there.

$CUBE

Wire55d ago

GlobalFoundries Likely to Post a Slight Q1 Beat, Wedbush Says

GlobalFoundries (GFS) likely to post a slight Q1 beat as concerns around handset and impact from memory shortage do not appear to have negatively affected foundry dynamics, Wedbush said in a Monday research report.Heightened requirements on the specialty application front should benefit the company likely through the long-term, analysts wrote. The company is due to report Q1 results on May 5.The company could prioritize expanded opportunities in the Gallium-Nitride segment as the demand for the semiconductor material is set to grow from the rising usage in data center and satellite applications, according to the note.The company will likely continue to moderate capacity additions and optimize production for higher margin specialty opportunities, the brokerage stated.The brokerage reiterated its neutral rating on the stock and price target of $50.Price: $67.54, Change: $+2.63, Percent Change: +4.05%

$GFS

Wire55d ago

Estee Lauder's Turnaround Progressing, Puig Deal Complicates Narrative, Morgan Stanley Says

Estee Lauder's (EL) turnaround of its base business is progressing well and the company is seeing sufficient improvement in its organic sales growth to confirm the high end of its previous full-year sales range, Morgan Stanley said in a note emailed Monday with a review of the company's fiscal Q3 results.Also, the company's Q3 earnings per share upside backed an increase in its 2026 guidance, as well as a strong early 2027 outlook, even amid the pressure caused by the conflict in Iran, the note said.Morgan Stanley said, however, Estee Lauder's assumption that the prestige beauty business will accelerate in 2027 may be optimistic, adding the company was "incentivized to put its best foot forward ahead of potential equity in a Puig deal."There are some questions on "whether the execution/cultural risk of a large acquisition is worth the opportunity cost [versus Estee Lauder's] base business turnaround despite sizeable potential EPS accretion," the note said.The investment firm noted Puig is a complex target due to its big size, fragmented brand/geographic exposure, and the cultural risk of combining family-run companies."We remain on the sidelines here, waiting to see how strategic discussions play out, and looking for more confidence in sustained" Estee Lauder organic sales growth, the note said.Morgan Stanley kept its equal-weight rating on Estee Lauder and increased the company's price target to $90 from $85.Price: $82.07, Change: $+2.77, Percent Change: +3.49%

$EL

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Oil & Energy55d ago