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Evercore ISI Adjusts PepsiCo Price Target to $170 From $165, Maintains In Line Rating

PepsiCo (PEP) has an average rating of overweight and mean price target of $170.28, 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: $157.33, Change: $+2.47, Percent Change: +1.60%

$PEP

Wire60d ago

Flywire Shares Rise After BTIG Upgrade

Flywire (FLYW) shares rose 3.1% in Thursday afternoon trading after BTIG upgraded the stock to buy from neutral with a price target of $17.Trading volume stood at over 2.1 million shares, compared with a daily average of about 1.7 million.Price: $13.40, Change: $+0.41, Percent Change: +3.20%

$FLYW

Wire60d ago

Okta Shares Rise After Upgrade From Raymond James

Okta (OKTA) shares were up over 6% in afternoon trading on Thursday after Raymond James upgraded the company's stock to outperform from market perform.Trading volume stood at over 3.5 million shares against a daily average of about 3.6 million.Price: $71.51, Change: $+4.16, Percent Change: +6.18%

$OKTA

Wire60d ago

Bread Financial Shares Rise After Morgan Stanley Upgrade

Bread Financial Holdings (BFH) shares were up over 1% in Thursday afternoon trading after Morgan Stanley upgraded the stock to equal weight from underweight and raised its price target to $91 from $68.Trading volume stood at more than 212,000 shares, compared with a daily average of about 753,000.Price: $84.38, Change: $+1.23, Percent Change: +1.48%

$BFH

Sectors60d ago

Update: WTI Oil Moves Higher, But Remains Under US$100 on Hopes For Talks Between the U.S. and Iran

West Texas Intermediate (WTI) crude oil rose on Thursday, but remained below the US$100 mark on hopes the United States and Iran will extend their ceasefire and resume talks to end war in the Middle East.WTI crude oil for May delivery closed up US$3.40 to settle at US$94.69 per barrel, while June Brent oil was last seen up US$4.29 to US$99.22.The U.S. Navy is blockading Iranian ports while Iran continues to block the Strait of Hormuz. However, according to the Wall Street Journal, U.S. President Trump on Thursday said talks with Iran could take place this weekend and he is open to extending a ceasefire."We're very close to making a deal," the paper quoted Trump saying.The Strait of Hormuz is the choke point for 20% of global daily oil demand supplied by Persian Gulf nations. The supply shock has hit hardest in Asian nations, where some countries have introduced rationing while bidding up prices for immediately available supplies that are fetching near US$150 per barrel."Oil has steadied ... on signs the US and Iran may extend a ceasefire and restart talks aimed at ending a war that has choked global supplies of key commodities from the Persian Gulf. This has triggered a major supply shock, the impact of which continues to build globally, with the relative calm and sub-USD 100 futures prices not fully reflecting the reality in the physical market," Saxo Bank noted.

$CLK6$LCOM6$USO

Wire60d ago

Descartes Systems Shares Rise After Rothschild & Co Redburn Upgrade

Descartes Systems Group (DSGX) shares rose over 5% in Thursday afternoon trading after Rothschild & Co Redburn upgraded the stock to buy from neutral, while lowering the price target to $90 from $100.Trading volume stood at over 622,000 shares, compared with a daily average of 724,731.Price: $76.41, Change: $+3.81, Percent Change: +5.25%

$DSGX

Mining & Metals60d ago

SmartCentres Declares Distribution for April 2026; Shares Hit Fresh 52 Week Highs Today

SmartCentres Real Estate Investment Trust (SRU-UN.TO), which saw its shares post a fresh 52 week high today, said Thursday that its trustees declared a distribution for April 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The April distribution is unchanged from the one for March.April's distribution will be payable on May 15, 2026 to unitholders of record as at April 30, 2026.Its shares rose $0.42 or 1.5% to $28.49, having touched $28.82.Price: $28.50, Change: $+0.43, Percent Change: +1.53%

$SRU-UN.TO

Oil & Energy60d ago

DeepOcean, Woodside Complete Dual-Scope Subsea Campaign Offshore Senegal

DeepOcean and Woodside Energy said on Thursday have carried out a simultaneous subsea inspection and 3D scanning campaign at the Sangomar offshore oil development in Senegal, in what the companies described as an efficiency milestone in subsea operations.DeepOcean said the operation covered 69 subsea structures, including 17 subsea trees, and combined routine inspection work with high-resolution 3D photogrammetry scanning in a single remotely supported ROV campaign.The approach eliminated the need for separate vessel deployments for inspection and survey tasks and did not require additional offshore personnel.The companies said the "dual-scope" methodology enabled both inspection routines and 3D scanning to be performed concurrently, cutting offshore time to just over half of what would typically be required for two separate operations, while also increasing data output.Meanwhile, Woodside said the system combines ROVs equipped with scanning tools, inspection engineers, proprietary subsea imaging software and digital twin capabilities, using photogrammetry to generate 3D reconstructions from subsea imagery and sonar data.DeepOcean operates across several West African countries, including Congo-Brazzaville, Equatorial Guinea, Gabon and Ghana, where it supports subsea inspection and IMR services for offshore energy developments.

Commodities60d ago

EU Backs Six Spanish Cities With EIB Advisory Push to Scale Electric Mobility by 2030

The European Investment Bank, working with the European Commission, has launched a joint technical advisory service to accelerate electric mobility and support climate neutrality in six Spanish cities, EIB said in a statement on Wednesday.The initiative, delivered through the EIB's advisory arm, will support Barcelona, Madrid, Seville, Valencia, Valladolid, and Zaragoza in scaling up charging infrastructure and integrating electric vehicles into urban transport systems.The advisory service aims to help participating cities assess investment needs for charging networks and plan phased deployment through 2030. It will also support coordination between public and private stakeholders, identify relevant European funding sources and develop contractual frameworks, including public-private partnerships, to advance sustainable mobility projects.All six cities are part of the European Union's Climate-Neutral and Smart Cities Mission and hold the EU Mission Label. The advisory program is financed through the InvestEU Advisory Hub and was formally launched at a meeting attended by representatives of the cities, the EIB, and the Commission.Officials said the initiative also seeks to develop models that can be replicated across Spain and other EU member states, fostering collaboration between public authorities, private investors, and technical experts. The approach is intended to accelerate investment, create scalable solutions and strengthen the role of Spanish cities in advancing sustainable urban mobility.The advisory support is not tied to EIB financing and will focus on building a pipeline of e-mobility projects, identifying and addressing investment barriers, promoting collaboration among stakeholders and establishing metrics to measure long-term environmental impact.

Sectors60d ago

May WTI Crude Oil Contract Closes Up US$3.40; Settles at US$94.69 per Barrel

$CLK6$LCOM6$USO

Oil & Energy60d ago

Shipowners, Charterers Clash Over Hormuz Risk as Rates Surge, Bloomberg Analysis Says

A dispute over Hormuz transit risk has pushed tanker rates to about $475,000 per day, sharply curbing vessel bookings and disrupting Persian Gulf oil shipments, according to a Bloomberg analysis on Thursday.Shipowners and charterers remain split over who bears Hormuz transit risk, sharply limiting new tanker bookings despite steady demand for cargo shipments, the analysis said.The situation highlights how, seven weeks into the Middle East conflict, the critical energy corridor remains highly unsafe, discouraging routine shipping activity and raising uncertainty for global oil trade flows.The analysis said that at least two oil producers holding cargoes in the Persian Gulf have recently sought vessels while requiring owners to ensure smooth loading, secure passage, and timely delivery, according to people familiar with the discussions.Industry participants, including shipowners and brokers, said those requirements are impractical given current conditions, the analysis added.Some shipowners are demanding strict contractual protections that charterers find excessive and therefore preventing most agreements for lifting crude from the region, according to the analysis.Although the route is shut by both the US and Iran, only a limited number of vessels are transiting by hugging coastlines or turning off tracking systems.The Baltic Exchange has directed brokers to include a risk premium in freight calculations, with daily tanker earnings rising to about $475,000 from roughly $160,000 before the conflict, underscoring sharply higher costs.

International60d ago

Daily Roundup of Key US Economic Data for April 16

March industrial production fell by 0.5% after a 0.7% gain in February, with manufacturing production down 0.1% overall but up 0.1% excluding a 3.7% drop in motor vehicle and parts production.Utilities output fell by 2.3% on declines in both electricity and natural gas production, while mining production decreased by 1.2%.The New York Federal Reserve's monthly business leaders index, a measure of services conditions, rose to minus 14.0 in April from minus 22.6 in March, still indicating contraction in the sector though at a slower rate. Other services data will be released over the coming weeks.The Philadelphia Fed's manufacturing reading rose to 26.7 in April from 18.1 in March after the Empire State reading improved in the same month.Initial jobless claims decreased by 11,000 to 207,000 in the week ended April 11, though the four-week average rose by 500 to 209,750, a second straight weekly increase.Insured claims rose by 31,000 to 1.818 million in the week ended April 4, but the four-week moving average was the lowest since the week ended June 1, 2024.Natural gas stocks rose by 59 billion cubic feet to 1.970 trillion cubic feet in the week ended April 10, up 6.8% from a year earlier and 5.8% higher than the seasonal average for the current week over the previous five years.

Wire60d ago

Arxis Shares Rise in Nasdaq Debut

Arxis (ARXS) shares were higher following their debut on Nasdaq Thursday.The shares were up more than 37% at $38.61 in afternoon trading after opening at $38.00.The manufacturer of electronic components priced its upsized initial public offering of 40.5 million class A shares at $28 apiece. It has granted its underwriters a 30-day option to purchase up to about 6.08 million additional shares.Price: $38.61, Change: $+10.61, Percent Change: +37.89%

$ARXS

Oil & Energy60d ago

US Oil Update: Futures Gain on US-Iran Peace Talks Uncertainty, Hormuz Blockade

Crude oil futures climbed in midday trading on Thursday as the market weighed the prospect of US-Iran peace talks to end the double blockade of the Strait of Hormuz that continues to disrupt energy supplies from the Middle East.Front-month West Texas Intermediate crude futures rose by 3.68% to $94.72 per barrel, while Brent futures advanced 4.86% to $99.51/bbl.ING strategists said the physical market is tightening by the day as oil flows via the Hormuz remain halted.US crude stockpiles fell by 900,000 barrels to 463.8 million bbls in the week ended Apr. 10, the Energy Information Administration said in its weekly report on Wednesday.Total motor gasoline stockpiles decreased by 6.3 mmbbls from last week to 232.9 mmbbls, and distillate stocks dropped by 3.1 mmbbls to 111.6 mmbbls, the agency said."With buyers shifting toward US barrels, the domestic market is set to tighten as long as Middle East disruptions persist, likely prompting a supply response from US producers," ING analysts said, adding that the local drilling activity has barely moved since the start of the Middle East conflict.Meanwhile, President Donald Trump posted on Truth Social that Lebanon and Israel had agreed to a 10-day ceasefire from 5 p.m. ET on Thursday. Iran has been pressing to include a ceasefire in Lebanon in its negotiations with the US, as part of a broader push for a regional truce.However, Iranian officials are skeptical about the US' "good faith and commitment" to fair negotiations, casting doubt on the prospects for a new round of talks despite reports of a possible meeting this weekend, according to Iran's semi-official Tasnim News Agency.Tehran reportedly believes that due to Washington's alleged breach of commitments at the outset of the peace talks, a potential next round of talks is unlikely to yield results, according to media reports.The two sides are reportedly considering returning to Pakistan for further talks as early as the coming weekend. On Wednesday, Pakistani army chief Asim Munir arrived in Tehran for talks to ease tensions in the Middle East and arrange a second round of US-Iran peace negotiations.Ole R. Hvalbye, commodities analyst at SEB Research, said, the situation is fast-moving, but "we maintain our base case" that Brent will average $95/bbl for 2026 and $85/bbl and $80/bbl in 2027 and 2028, respectively.The Middle East conflict has caused unprecedented disruption to global energy markets amid the double blockade of the Hormuz, a strategic waterway that typically carries about 20% of the world's oil and liquefied natural gas flows.ING analysts estimate that about 13 million barrels per day have been disrupted, and the figure could rise further with the US blockade.The US Central Command has imposed a blockade to cut off Iranian traffic, while Tehran keeps the strategic waterway closed to most other ships.Kpler strategists said vessel traffic via the Hormuz has increased from last month's unusually low levels, with crossings rising and activity extending across a broader mix of vessel types and cargoes.

Wire60d ago

Update: Marsh & McLennan Shares Rise After Q1 Adjusted Earnings, Revenue Beat Consensus

(Updates with recent stock movement in headline and first paragraph.)Marsh & McLennan (MRSH) shares were up 4.7% in afternoon trading on Thursday after the company reported Q1 adjusted net income and revenue that surpassed analysts' consensus.The company reported Q1 adjusted net income of $3.29 per diluted share, up from $3.06 a year earlier.Analysts polled by FactSet expected $3.22.Revenue for the quarter ended March 31 was $7.6 billion, up from $7.06 billion a year earlier.Analysts surveyed by FactSet expected $7.41 billion.Price: $183.14, Change: $+8.24, Percent Change: +4.71%

$MRSH

Wire60d ago

Piper Sandler Adjusts Price Target on M&T Bank to $245 From $230, Maintains Overweight Rating

M&T Bank (MTB) has an average rating of overweight and mean price target of $234.03, 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: $217.82, Change: $+0.72, Percent Change: +0.33%

$MTB

US Markets60d ago

Equity Markets Rise Intraday as Trump Announces Israel-Lebanon Ceasefire

US benchmark equity indexes were higher intraday as President Donald Trump said Lebanon and Israel agreed to a 10-day ceasefire, adding to optimism around prospects for peace in the Middle East.The Nasdaq Composite was up 0.4% at 24,100.4 after midday Thursday, while the S&P 500 rose 0.2% to 7,037.9. Both benchmarks closed at record highs in the previous session. The Dow Jones Industrial Average was 0.1% higher at 48,528.2 intraday Thursday.Among sectors, energy paced the gainers, while health care saw the biggest drop.Trump said Thursday the ceasefire between Lebanon and Israel would begin at 5 pm ET."I will be inviting the Prime Minister of Israel, Bibi Netanyahu, and the President of Lebanon, Joseph Aoun, to the White House for the first meaningful talks between Israel and Lebanon since 1983," Trump said in a social media post. "Both sides want to see peace, and I believe that will happen, quickly."Lebanese Prime Minister Nawaf Salam welcomed Trump's announcement, which seeks to pause hostilities between Israel and Iran-backed Hezbollah in Lebanon, CNN reported. Hezbollah will abide by the ceasefire if Israeli attacks stop, the news outlet reported, citing a leading Hezbollah legislator, Ibrahim Moussawi.West Texas Intermediate crude oil was up 4.4% at $95.29 a barrel intraday, while Brent jumped 5.1% to $99.76."Oil is up over doubts that the Strait of Hormuz disruption will ease soon," D.A. Davidson said in a report.It will take about six months for the US and Iran to reach a peace deal, and the two sides should extend their ceasefire to cover that period, Bloomberg News reported Thursday, citing Gulf Arab and European officials familiar with the matter.US Treasury yields were higher intraday, with the 10-year rate up three basis points at 4.31% and the two-year rate rising one basis point to 3.77%.In company news, IBM (IBM) shares rose 2.4%, the second-top gainer on the Dow. The tech giant will likely exceed Wall Street's estimates for the first quarter and raise its revenue guide amid momentum in the software segment and an earlier completion of the Confluent acquisition, Oppenheimer said in a note.Abbott Laboratories (ABT) shares dropped 6.8%, the steepest decline on the S&P 500, after the healthcare company lowered its full-year earnings outlook to reflect the acquisition of cancer diagnostics firm Exact Sciences.Charles Schwab (SCHW) followed Abbott on the S&P 500, down 6%. The financial services provider's first-quarter results rose year over year amid a surge in client assets, though revenue fell short of the Street's estimates.In economic news, US industrial production unexpectedly decreased in March, Federal Reserve data showed.It's too soon to blame the Middle East conflict for the drop, which driven by "sharply falling" output in the mining and utilities sectors, Oxford Economics said in a note.Gold was down 0.3% at $4,807.10 per troy ounce, while silver fell 1.6% to $78.38 per ounce.

Dow JonesNasdaq CompositeS&P 500$ABT$IBM$SCHW

Wire60d ago

Benchmark Adjusts Price Target on J.B. Hunt Transport Services to $250 From $230, Maintains Buy Rating

J.B. Hunt Transport Services (JBHT) has an average rating of overweight and mean price target of $231.50, 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: $240.55, Change: $+16.38, Percent Change: +7.30%

$JBHT

Wire60d ago

Evercore ISI Adjusts Abbott Laboratories Price Target to $120 From $134, Maintains Outperform Rating

Abbott Laboratories (ABT) has an average rating of overweight and mean price target of $132.48, 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: $95.28, Change: $-6.29, Percent Change: -6.19%

$ABT

Wire60d ago

Ambev Shares Fall After UBS Downgrade

Ambev (ABEV) shares fell 2.4% on Thursday after UBS downgraded the stock to sell from neutral with a price target of $2.65 per share.Trading volume stood at nearly 19.2 million shares compared with a daily average of close to 25.6 million.Price: $3.06, Change: $-0.07, Percent Change: -2.40%

$ABEV

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Oil & Energy60d ago