Financial News · Live Terminal

Page 2919 of 2974

B. Riley Lowers Price Target on Ichor Holdings to $75 From $52, Maintains Buy Rating

Ichor Holdings (ICHR) has an average rating of buy and mean price target of $55.29, 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://finwires.com/en/contact)Price: $60.53, Change: $+3.03, Percent Change: +5.27%

$ICHR

Wire100d ago

Capital One Securities Cuts Occidental Petroleum Price Target to $67 From $69, Maintains Equal Weight Rating

Occidental Petroleum (OXY) has an average rating of Hold and mean price target of $63.04, 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://finwires.com/en/contact)Price: $58.97, Change: $+0.97, Percent Change: +1.66%

$OXY

Wire100d ago

Wolfe Research Adjusts Live Nation Entertainment PT to $206 From $205, Maintains Outperform Rating

Live Nation Entertainment (LYV) has an average rating of overweight and mean price target of $185.83, 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://finwires.com/en/contact)Price: $159.37, Change: $-1.32, Percent Change: -0.82%

$LYV

Wire100d ago

Guggenheim Adjusts Universal Health Services PT to $238 From $262, Maintains Buy Rating

Universal Health Services (UHS) has an average rating of overweight and mean price target of $248.88, 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://finwires.com/en/contact)Price: $178.22, Change: $-2.60, Percent Change: -1.44%

$UHS

Wire100d ago

Jefferies Lifts Price Target on PPL to $48 From $40, Maintains Buy Rating

PPL (PPL) has an average rating of overweight and mean price target of $42.58, 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://finwires.com/en/contact)Price: $39.55, Change: $-0.12, Percent Change: -0.30%

$PPL

Wire100d ago

Wolfe Research Adjusts Price Target on PPL to $44 From $42, Maintains Outperform Rating

$PPL

Wire100d ago

B. Riley Adjusts Price Target on Alpha and Omega Semiconductor to $25 From $19, Maintains Neutral Rating

$AOSL

Wire100d ago

B. Riley Adjusts Price Target on Applied Materials to $485 From $450, Maintains Buy Rating

Applied Materials (AMAT) has an average rating of buy and mean price target of $424.67, 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://finwires.com/en/contact)Price: $398.09, Change: $-1.41, Percent Change: -0.35%

$AMAT

Mining & Metals100d ago

TSX Down More Than 100 Pts; Index Was Up Seven of Last Eight Full Sessions

S&P/TSX CompositeS&P/TSX Composite

Research100d ago

B. Riley Downgrades FormFactor to Neutral From Buy, Cuts Price Target to $130 From $100

FormFactor (FORM) has an average rating of hold and mean price target of $88.70, 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://finwires.com/en/contact)Price: $124.77, Change: $+0.97, Percent Change: +0.78%

$FORM

Wire100d ago

Northland Securities Adjusts Intel Price Target to $92 From $54, Maintains Outperform Rating

Intel (INTC) has an average rating of Hold and mean price target of $54.51, 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://finwires.com/en/contact)Price: $64.32, Change: $+1.94, Percent Change: +3.11%

$INTC

Wire100d ago

Seer Gets Buyout Proposal From Radoff-JEC Group; Shares Rise

Seer (SEER) has received a non-binding proposal from the Radoff-JEC Group to acquire the company for $2.25 per share in cash plus a contingent value right, the latter said Monday.The group, which owns about 7.6% of Seer's outstanding shares, said the offer represents a 33% premium to the company's most recent closing price and includes a contingent value right entitling shareholders to 80% of net proceeds from any sale or licensing of Seer's assets.The proposal is subject to confirmatory due diligence and assumes the company has at least $215 million in net cash and cash equivalents at closing, the Radoff-JEC group said.Seer did not immediately respond to' request for comment.Seer shares were 8.9% higher in early Monday trading.Price: $1.85, Change: $+0.16, Percent Change: +9.47%

$SEER

Wire100d ago

Klarna to Offer Online Payment Options for German Gaming Retailer Mindfactory

Klarna (KLAR) said Monday it entered into a partnership with German gaming retailer Mindfactory to make Klarna's payment options available at Mindfactory's online checkout.Financial terms of the partnership were not disclosed.Price: $12.86, Change: $-0.18, Percent Change: -1.42%

$KLAR

Mining & Metals100d ago

Denarius Metals Moves To Buy Emerita Resources; Comes After OSC Announced Allegations Against Emerita

Denarius Metals Corp. announced Monday that it has delivered a letter to the board of directors of Emerita Resources Corp. (EMO.V) outlining a proposal to acquire all of its issued and outstanding common shares.This comes after the Ontario Securities Commission (OSC) announced Friday enforcement proceedings against Emerita, five of its directors and officers, as well as an individual related to the alleged misconduct. It also comes after EMO, which is edging higher early Monday, lost a third of its value and touched 52 week lows on Friday.Under its proposal, Denarius Metals would acquire Emerita in an all share transaction at a 15% premium to market, based on Emerita's closing share price on the TSX Venture Exchange on April 10, 2026. The proposal contemplates consideration payable entirely in common shares of Denarius, which operates four projects across Colombia and Spain, including the Zancudo gold-silver project in Colombia, which is now in production, and the Aguablanca nickel-copper, Lomero polymetallic, and Toral zinc-lead-silver projects in Spain. Two of these projects, Aguablanca and Lomero, are located near IBW, Emerita's principal project.Denarius said it believes the proposal offers Emerita shareholders a "compelling and certain path to value relative to a standalone development trajectory", and added the proposal is "subject to the negotiation and execution of a mutually acceptable definitive agreement and the satisfaction of customary conditions". There can be no assurance that the proposal will result in a completed transaction.Emerita was down $0.13 or 33% at $0.26, and touched a 52 week low #0.25, last Friday. It was at last look up $0.01 at $0.27 today.

$EMO.V

Oil & Energy100d ago

Update: OPEC Retains 2026 Global Oil Demand Growth in April Update

The Organization of the Petroleum Exporting Countries on Monday projected global oil demand growth for 2026 at 1.4 million barrels per day, unchanged from its forecasts last month.In 2027, global oil demand is expected to grow by a further 1.3 mmb/d year over year, also unchanged from the forecasts in March, the group said in its Monthly Oil Market Report.Liquids production from countries not participating in the Declaration of Cooperation is expected to grow by 600,000 b/d on average in 2026 versus 2025. Growth in 2027 is also estimated at 600,000 b/d over 2026 levels. Both assessments are also unchanged from last month's update.This increase in output is primarily driven by Brazil, Canada, Qatar, the US, and Argentina.Natural gas liquids and non-conventional liquids from countries participating in the Declaration of Cooperation are expected to grow by 100,000 b/d over the year in both 2026 and 2027, averaging 8.8 million b/d and 8.9 million b/d, respectively.Meanwhile, crude oil production by countries participating in the DOC averaged 35.06 million b/d in March, down about 7.70 mb/d month-over-month, compared to 42.72 million b/d reported in February, OPEC said, citing data from secondary sources.Refining margins surged last month across all major regions amid a significant decline in product output and widening middle distillate crack spreads, which recorded multi-year peaks, the group said."Trade flow constraints and refinery run cuts in the East of Suez contributed further pressure on product margins amid the heavy refinery maintenance season. This situation led to a price increase for products that outpaced the rise in feedstock prices, boosting refining profitability," OPEC said.On the US Gulf Coast, gains were seen across all products but primarily driven by middle distillates, while in Rotterdam gains helped square off losses in gasoline and low-sulphur fuel oil. In Singapore, all products except middle distillates reported losses as a significant spike in feedstock costs limited the upside for refining margins in Asia, the report said.OPEC also retained its assessment from last month for global economic growth at 3.1% for 2026 and 3.2% for 2027."Following sound global GDP growth in 2025, estimated at 3.3%, the global economy is expected to be able to generally absorb temporary events like trade-related challenges and the current Middle East geopolitical developments," the report added.

Wire100d ago

Visa Launches Exchange Offer for Class B-1, Class B-2 Shares

Visa (V) said Monday that it has launched an exchange offer for a combination of its class B-3 common stock, class C common stock, and cash consideration in lieu of fractional shares where applicable.The exchange offer will expire May 8.The company said that based on current conversion rates, each class B-1 share will be exchanged for approximately 0.2877 share of class C common stock. It also said each share of class B-2 common stock will be exchanged for approximately 0.1884 share of class C common stock.Price: $303.84, Change: $-0.67, Percent Change: -0.22%

Sectors100d ago

Gold Falls Again As Dollar Rises After U.S. and Iran Fail to Reach a Peace Deal

Gold prices look set to be down for a second day, falling again early Monday as the dollar rose after weekend talks between the United States and Iran failed to reach a peace deal, leaving the Strait of Hormuz blocked and continuing the largest-ever oil supply shock.Gold for May delivery was last seen down $51.90 to US$4,736.00 per ounce.Talks between the U.S. and Iran ended without an agreement to end the war that has blocked the Strait of Hormuz and cut off the 20% of global daily oil demand supplied by Persian Gulf nations. The U.S. plans to blockade Iran's ports following the collapse of the negotiations and block any ships transiting the Strait that have paid a toll to Iran, continuing to keep oil from the market.Oil prices have climbed by nearly half since the Feb. 28 start to the war, pushing up inflation in the U.S. and elsewhere, ending hopes for lower U.S. interest rates. The U.S. last week reported its Consumer Price Index surged by 3.3% annualized in March, up from 2.4% a month earlier.The dollar was higher early, with the ICE dollar index last seen up 0.25 points to 98.90. Treasury yields were little changed, with the yield on the U.S. two-year note last seen unchanged at 3.81%, while the 10-year note was paying 4.33%, down 1.0 points.

$GCK6$GLD

Commodities100d ago

Think Tank Calls for UK Social Tariff as Energy Prices Surge

British independent think tank Resolution Foundation Monday urged the UK government to accelerate the implementation of a social tariff ahead of winter, to help alleviate the growing burden of rising energy prices on households."Higher energy prices due to the conflict in the Middle East are set to deal a blow to British living standards, with market pricing suggesting that the median working-age household will be 480 British pound ($644.62) worse off this year than they would have been if the conflict had not taken place," the organization said.While some lower income families will see a real-terms rise in living standards after revisions to some social benefits, overall the rise in living standards is now forecast at around 1.2% this year, down from a pre-war estimate of a 2.8% increase.For higher income households, which were predicted to see a 0.9% rise in average income this year, that will now likely be closer to 0.6%.With higher energy prices reflecting on utility bills and petrol pump prices, the foundation said a social tariff would protect households from price shocks, especially during winter season, when energy costs typically peak.

Sectors100d ago

Sector Update: Energy Stocks Rise Premarket Monday

Energy stocks were rising premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.6%.The United States Oil Fund (USO) was up 6.7% and The United States Natural Gas Fund (UNG) was 1.6% higher.Front-month US West Texas Intermediate crude oil was 7.3% higher at $103.59 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 6.8% to $101.68 per barrel, and natural gas futures were up 2% at $2.70 per 1 million British Thermal Units.BP's (BP) Namibia unit agreed to acquire a 60% participating interest and operatorship across three offshore exploration licenses from the business, Eco Atlantic said. Shares of BP were up 0.8% pre-bell.Baker Hughes (BKR) shares were up more than 1% after the company said it has signed a deal to sell its Waygate Technologies operations to Stockholm-based Hexagon for about $1.45 billion in cash.EQT (EQT) and KKR (KKR) are among private equity firms showing takeover interest in PolyPeptide Group, Bloomberg News reported, citing people with knowledge of the matter. EQT stock was up more than 1% premarket.

$BKR$BP$EQT$KKR$UNG$USO$XLE

Oil & Energy100d ago

EMEA Natural Gas Update: Futures Rise as US Moves to Blockade Iran, Israel Signals Ceasefire End

European natural gas futures soared about 8% on Monday, after US President Donald Trump declared a blockade against Iran on the Strait of Hormuz.The front-month Dutch TTF contract was up 7.88% to 47.07 euros ($55.06) per megawatt-hour, while UK NBP futures were up 8.08% to 118.55 British pence ($1.59) per therm.In a Truth Social post on Sunday, Trump said the US and Iran failed to reach an agreement during the talks held in Pakistan over the weekend, citing irreconcilable differences over Tehran's nuclear program.In response, Trump said that the US Navy would now begin blockading Iran by preventing ships from entering or leaving the country's ports.He also added that the Navy will seek out and interdict all commercial vessels that have paid a toll to Iran to secure passage through the Strait. "No one who pays an illegal toll will have safe passage on the high seas," he said.On Sunday, in a post on X, US Central Command said that they will begin the blockade starting Monday at 10 AM ET, while noting that it will not impede freedom of navigation for other vessels transiting through the Strait "to and from non-Iranian ports."Meanwhile, Iran's Islamic Revolutionary Guard Corps Navy has said that the crucial waterway that accounts for 20% of global LNG flows, "will never return to its former state, especially for the US and Israel," according to a report by Hindustan Times, citing Iran's Press TV.Besides this, Israeli Prime Minister Benjamin Netanyahu has reportedly warned that the two-weeks long ceasefire could come to an end sooner than expected, according to various media outlets, sparking fresh concerns on commercial vessel movement on the Strait.The Strait remained effectively closed for the seventh week running, but witnessed an uptick in traffic, with 10 vessels transiting over the past 24 hours, according to the Hormuz Strait Monitor.This marks a sharp decline from the Strait's typical daily average of 138 vessels, according to the UK's Joint Maritime Information Center, which also noted that there have been no new attacks against vessels over the past 48 hours.According to Daniel Hynes, a senior commodity strategist at ANZ, these developments over the weekend "will exacerbate the supply disruptions" already facing the global economy.Hynes noted that no LNG tankers have transited through the Strait for weeks, adding that the conflict has shifted the outlook from "gradual easing to prolonged tightness."While most Middle Eastern LNG flows typically head towards Asia, this prolonged disruption is increasing global supply competition, leading to elevated prices in European markets, especially as countries begin to refill their inventories for the next winter.Europe's storage levels remain depleted, at just 29.34% of inventory, compared to 35.11% during the corresponding period a year ago, according to Gas Infrastructure Europe.On a positive note, most parts of Europe are expected to experience above-normal temperatures this Summer, which stands to diminish heating gas demand in the near-term, according to Severe-Weather EU.

Showing 58361-58380 of 59477

Oil & Energy100d ago