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Research Alert: CFRA Reiterates Hold Rating On Shares Of Raymond James Financial, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $10 to $170, on a P/E of 12.8x our FY 27 (Sep.) EPS view vs. RJF's three-year historical forward P/E average of 13.2x and the peer average of 11.9x. We keep our FY 26 EPS estimate at $11.87 and decrease FY 27's by $0.15 to $13.25. Our revenue projections are $15.49B (+10%) in FY 26 and $16.73B (+8%) in FY 27, supported by a robust investment banking pipeline, significant investments in technology and AI, and a strong capital position to fund future growth and acquisitions. In our view, a key positive in Mar-Q was the Capital Markets segment's rebound from its prior-quarter weakness, driven by stronger investment banking revenues that culminated in a particularly strong March. Complementing this improvement, the Bank segment demonstrated strength by achieving record loans of $54.8B, fueled by a remarkable 31% Y/Y surge in securities-based lending. RJF is leveraging its over $1.1B annual technology investment to deploy proprietary AI tools that streamline operations.

$RJF

Mining & Metals56d ago

TSX Closer: Index Down As News of U.S. Reclassification Fails To Keep Fire Burning Under Cannabis Stocks

The Toronto Stock Exchange edged lower on Thursday as news of the U.S. reclassification of cannabis initially lit up cannabis stocks, but failed to keep a fire burning as investors realized full legalization of the sector will require further legislative action.The S&P/TSX Composite Index closed down 42.18 points to 33,912.93, only its fourth loss in 17 sessions, as investors also took profits after a recent run of winning days, while geopolitical tensions and uncertainty around the Iran war continue to cast a shadow over the outlook for markets.Sectors were mixed, but the two biggest movers were Health Care, down 7.7% and Info Tech, down 4.5%. The Battery Metals Index was up 4%.Within the health sector, cannabis firms lost early gains Thursday as investors at first welcomed news the Department of Justice was "immediately rescheduling FDA-approved marijuana and state-licensed marijuana from Schedule I to Schedule III", but after some more inspection seemed to conclude the move fell short of full legalization.Aurora Cannabis (ACB.TO) was down 14%, Canopy Growth (WEED.TO) fell 13%, Cronos Group (CRON.TO) was down 8% and Tilray Brands (TLRY.TO) lost 13%.BNN Bloomberg spoke with Pablo Zuanic, managing partner at Zuanic & Associates, about the implications for cannabis companies, investors and the broader industry. Among key takeaways, BNN noted the change reduces tax burdens by allowing companies to deduct operating expenses, improving cash flow, while expanded research and federal registration for operators are expected to support industry development. But, BNN also noted, cannabis remains federally illegal, and interstate trade and exports are still restricted. The move is seen as a step toward broader reform, but full legalization would require further legislative action.Of commodities, the Energy sector was up near 1.8% as West Texas Intermediate crude oil closed higher with the United States and Iran making little progress to end a war that has produced the largest-ever supply shock with shipments from the Persian Gulf region barred from the Strait of Hormuz. WTI crude oil for June delivery closed up US$2.89 to settle at US$95.85 per barrel, while June Brent oil was up US$3.07 to US$104.98.Base Metals lost near 3.2% as gold fell, remaining rangebound amid concerns high oil prices will push up inflation and force hikes to interest rates. Gold for June delivery was down US$34.00 to US$4,719.00 per ounce.

S&P/TSX CompositeS&P/TSX Composite$HMMJ.TO

Wire56d ago

Erie Indemnity Q1 Earnings, Revenue Rise

Erie Indemnity (ERIE) reported Q1 earnings late Thursday of $2.88 per diluted share, up from $2.65 a year earlier.One analyst polled by FactSet expected $3.06.Revenue in the three months ended March 31 rose to $1.01 billion from $989.4 million a year earlier.One analyst surveyed by FactSet expected $1.09 billion.Erie shares fell 1.6% in after-hours trading.

$ERIE

Wire56d ago

Ameriprise Financial Q1 Adjusted Earnings, Revenue Rise

Ameriprise Financial (AMP) reported Q1 adjusted earnings late Thursday of $11.26 per diluted share, up from $9.50 a year earlier.Analysts polled by FactSet expected $10.21.Revenue in the quarter ended March 31 rose to $4.89 billion from $4.48 billion a year earlier.Analysts surveyed by FactSet expected $4.72 billion.Ameriprise shares fell 1.2% in after-hours trading.

$AMP

Research56d ago

Research Alert: CFRA Raises Opinion On Shares Of Cbre Group, Inc. To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target by $15 to $170, on a forward P/E of 22.2x our 2026 EPS, a small premium to CBRE's three-year average multiple (20.2x). We increase our 2026 EPS estimate by $0.40 to $7.67 and increase 2027 by $0.87 to $8.67. We now believe commercial real estate activity growth is likely to maintain its current pace, with potential for even a single interest rate cut to increase activity further in 2H 2026. CBRE's land development pipeline remains a significant opportunity for growth but management noted monetizing assets is currently difficult as securing power, water, and public approval remains a headwind. We believe CBRE is well positioned to execute these developments and we expect profitability in this space to be less predictable Q/Q but should serve as meaningful long-term EPS growth drivers. The BOE and Project Management space continue to deliver with critical infrastructure services expected to grow 60% Y/Y this year as CBRE provides facilities management to over 1,300 data centers globally.

$CBRE

Commodities56d ago

Santos Posts Higher Q1 Output, Maintains 2026 Guidance

Australia-based energy firm Santos reported its Q1 update Thursday, showing production rose by 3% to 22.5 million barrels of oil equivalent, up from 21.9 mmboe a year earlier.Production of gas for LNG plants was at 65.8 petajoules, slightly down from 66.1 PJ a year earlier. Domestic gas sales rose to 51.8 PJ in Q1, from 45.6 PJ a year earlier.Crude oil production declined, with output dropping to 1.04 million barrels, compared with 1.54 mmbbls for the corresponding period a year ago.Condensate production broadly held steady at about 1.05 million barrels in Q1, from 1.06 million, while LPG output edged higher to 24,500 metric tons in Q1 from 24,000 mt in the corresponding quarter a year earlier.The oil and gas exploration and production firm attributed the increase in overall production to the Barossa Gas Project start-up, which delivered its first cargoes during the quarter.This was partially offset by lower production in Western Australia due to Cyclone Narelle impacts, and in the Cooper Basin due to localized wet weather, according to the statement."Our portfolio of high-quality LNG assets, located close to Asian markets, is well positioned to meet strong and growing LNG demand across this region," said Kevin Gallagher, Santos managing director and CEO.Santos projected that 2026 production and sales volumes would be in the range of 101 mmboe to 111 mmboe.

Insider Trading56d ago

Flywire Insider Sold Shares Worth $420,000, According to a Recent SEC Filing

Cosmin Pitigoi, Chief Financial Officer, on April 21, 2026, sold 30,000 shares in Flywire (FLYW) for $420,000. Following the Form 4 filing with the SEC, Pitigoi has control over a total of 932,138 voting common shares of the company, with 932,138 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1580560/000119312526173721/xslF345X05/ownership.xml

$FLYW

Research56d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Thermo Fisher Scientific

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target to $540 from $588, 19.8x our 2027 EPS estimate, a discount to TMO's three-year historical forward average (21.5x) and its five-year historical forward average (22.7x). While we think TMO's scale and diversified business lines offer advantages over many peers, we think the valuation discount aligns with pressures facing the broader life sciences tools & services sub-industry, which recently traded at over a 16% discount to its three-year historical forward average and a 22% discount to its five-year average. As expected, academic and government end-market demand remains weak, declining in the low single digits in Q1, while China headwinds (~7.5% of overall sales) contributed to a low single-digit sales decline in the region. Following TMO's guidance raise, we increase our 2026 EPS estimate to $24.88 from $24.54 and raise our 2027 estimate to $27.34 from $26.94.

$TMO

Insider Trading56d ago

Biontech Insider Sold Shares Worth $5,527,960, According to a Recent SEC Filing

Sierk Poetting, Chief Operating Officer, on April 22, 2026, sold 50,000 shares in Biontech (BNTX) for $5,527,960. Following the Form 4 filing with the SEC, Poetting has control over a total of 399,387 ordinary shares of the company, with 399,387 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1776985/000195558926000002/xslF345X05/wk-form4_1776974561.xml

$BNTX

Mining & Metals56d ago

Life & Banc Split Announces Preferred Share Offering

Life & Banc Split (LBS.TO) on Thursday said it raised $76.4 million in an overnight offering of preferred shares.The preferred shares were offered at a price of $10.50 per share to yield 6.9%.Shares of the company closed up $0.05 at $11.84 on Toronto Stock Exchange on Thursday.

$LBS.TO

Wire56d ago

Robert Half Q1 Earnings, Revenue Fall

Robert Half (RHI) reported Q1 net income late Thursday of $0.14 per diluted share, down from $0.17 a year earlier.Analysts polled by FactSet expected $0.13.Service revenue for the quarter ended March 31 was $1.30 billion, down from $1.35 billion a year earlier.Analysts surveyed by FactSet expected $1.30 billion.

$RHI

Wire56d ago

Hartford Insurance Group Q1 Core Earnings, Revenue Rise; Shares Fall After Hours

Hartford Insurance Group (HIG) reported Q1 core earnings late Thursday of $3.09 per diluted share, up from $2.20 a year earlier.Analysts polled by FactSet expected $3.39.Revenue in the three months ended March 31 rose to $7.23 billion from $6.81 billion a year earlier.Analysts surveyed by FactSet expected $7.35 billion.Hartford shares fell 5.5% in after-hours trading.

$HIG

Japan56d ago

US Equity Markets Fall After Oil Prices Rise Amid Strait of Hormuz Deadlock

US equity indexes closed lower on Thursday as oil prices rose amid the US-Iran deadlock on the reopening of the Strait of Hormuz.* President Donald Trump said Thursday on Truth Social that he has ordered the US Navy to "shoot and kill" any boat that is laying mines in the Strait of Hormuz, the choke point for about a fifth of global crude oil flows.* US initial jobless claims rose to 214,000 in the week ended April 18 from an upwardly revised 208,000, compared with the 210,000 print expected in a Bloomberg-compiled survey.* May West Texas Intermediate crude oil rose $3.44 to settle at $96.38 per barrel, while June Brent crude, the global benchmark, was last seen up $3.79 at $105.70.* United Rentals (URI) shares were up roughly 23%, the top gainer on the S&P 500, after the company reported higher Q1 adjusted earnings and revenue and lifted its 2026 sales guidance.* ServiceNow (NOW) shares were down nearly 18% after the company reported strong Q1 results, but softer organic revenue trends and a slightly weaker margin outlook weighed on its overall forecast, Oppenheimer said in a note.

Dow JonesNasdaq Composite$NOW$SPX$URI

Wire56d ago

Intel Fiscal Q1 Adjusted Earnings, Revenue Rise; Q2 Guidance Set

Intel (INTC) reported fiscal Q1 adjusted earnings late Thursday of $0.29 per diluted share, up from $0.13 a year earlier.Analysts polled by FactSet expected $0.02.Revenue for the three months ended March 28 was $13.58 billion, up from $12.67 billion a year earlier.Analysts surveyed by FactSet expected $12.42 billion.For Q2, the company expects adjusted EPS of $0.20 on revenue of $13.8 billion to $14.8 billion. Analysts expect EPS of $0.10 on revenue of $13.1 billion.

$INTC

Sectors56d ago

Sector Update: Energy Stocks Rise Thursday

Energy stocks rose Thursday with the NYSE Energy Sector Index gaining 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index advanced 1.1%, and the Dow Jones US Utilities Index climbed 2.4%.In sector news, President Donald Trump ordered the US Navy to "shoot and kill" any boat that is laying mines in the Strait of Hormuz, according to his Truth Social post. The US and Iran remain at an impasse, with Tehran refusing to negotiate a peace deal as long as the US Navy continues to blockade its ports and Washington refuses to lift the siege. Mediators are trying to get the diplomatic process back on track, including arranging a possible meeting as soon as Friday, the Wall Street Journal reported.West Texas Intermediate crude oil rose 3.6% to $96.32 a barrel, and global benchmark Brent advanced 3.6% to $105.54 a barrel. Henry Hub natural gas futures fell 4.8% to $2.59 per 1 million BTU.US natural gas stocks rose by 103 billion cubic feet in the week ended Friday, a larger gain than the 96 billion increase expected in a survey compiled by Bloomberg and following a revised gain of 60 billion in the previous week.In corporate news, NextEra Energy (NEE) shares jumped 7%. The company reported Q1 adjusted earnings that topped Wall Street estimates.BP (BP) shareholders rejected a proposal that would have eliminated some climate-related disclosure requirements that investors had voted for at previous meetings, and Chair Albert Manifold was elected with 82% of the vote, media outlets reported. BP shares eased 0.1%.Helix Energy Solutions (HLX) and Hornbeck Offshore Services agreed to merge in an all-stock deal to form an integrated offshore services company. Helix shares gained 0.7%.Chevron (CVX) resumed full production at its Wheatstone liquefied natural gas facility in Western Australia after repairs from damage caused by a cyclone last month, Reuters reported. Chevron shares rose 0.7%.

$BP$CVX$HLX$NEE

Research56d ago

Research Alert: CFRA Lifts Opinion On Shares Of Lam Research Corporation To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target by $34 to $314, 30x our FY 28 (Jun.) EPS view, above LRCX's three-year average (~20x) on AI tailwinds and growing NAND demand. We raise our FY 26 EPS view by $0.43 to $5.72, raise FY 27's by $1.25 to $8.08, and lift FY 28's by $2.08 to $10.45. The outlook for NAND is improving, partly due to its growing importance in the AI ecosystem, especially when integrated with NVIDIA's latest computing architectures, as AI inference increasingly requires more dynamic storage. In response, LRCX accelerated its forecast for $40B of customer NAND equipment spending to "before YE 27" from "over the next several years," a material change that we think brings sizeable upside to FY 27 and FY 28 forecasts. China exposure remains elevated (34% of Mar-Q sales), making results vulnerable to tightening export controls (such as those proposed by the MATCH Act) along with self-sufficiency initiatives, but we think LRCX's trailing-edge China exposure should remain relatively safe while global leading-edge/AI demand remains the larger investment story.

$LRCX

Wire56d ago

GUIDANCE: (INTC) Intel Expects Q2 Revenue Range $13.8B-14.8B, vs. FactSet Est of $13.11B

$INTC

Mining & Metals56d ago

Cascadia Minerals Completes Private Placement With Agnico Eagle, Other Investors

Cascadia Minerals (CAM.V) on Thursday said it completed a non-brokered private placement with Agnico Eagle Mines (AEM.TO) and other investors, it said Thursday afternoon.The company sold two types of shares. It issued about 19.3-million subscribed units to Agnico Eagle at $0.26 each, raising about $5 million. It also sold 10-million critical minerals flow-through (CFT) units to other investors at $0.384 each, raising about $3.8 million.Proceeds from the sale of the subscribed units will be used for general working capital and to support the Carmacks project, and funds from the sale of the CFT units will be used for Canadian exploration expenses, the company added.After the closing of the offering, Agnico Eagle now owns about 29.3-million Cascadia shares and nearly 14.7 million warrants, for a 14.17% stake in the company.The company's shares closed down $0.02 to $0.32 on the TSX Venture Exchange.Price: $0.32, Change: $-0.02, Percent Change: -5.88%

$AEM.TO$CAM.V

Wire56d ago

Earnings Flash (INTC) Intel Posts Q1 Adjusted EPS $0.29

$INTC

Wire56d ago

Earnings Flash (INTC) Intel Posts Q1 Revenue $13.6B, vs. FactSet Est of $12.42B

$INTC

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Mining & Metals56d ago

TSX Closer: Index Down As News of U.S. Reclassification Fails To Keep Fire Burning Under Cannabis Stocks

S&P/TSX CompositeS&P/TSX Composite$HMMJ.TO