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SEB Bank Upgrades Mandatum to Buy Rating

SEK Bank on Tuesday upgraded Finnish financial services group Mandatum (MANTA.HE) to buy from hold, while maintaining its price target at 6.20 euros.(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)

$MANTA.HE

Research13d ago

JP Morgan Downgrades Swiss Re to Underweight, Reduces PT

JP Morgan on Monday downgraded reinsurance company Swiss Re (SREN.SW) to underweight from neutral and lowered its price target to 125 francs from 140 francs.(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)

$SREN.SW

Research13d ago

DZ Bank Research Upgrades Brenntag to Hold, Boosts PT

DZ Bank Research on Monday upgraded chemicals and ingredients distribution company Brenntag (BNR.F) to hold from sell and increased its price target to 55.00 euros from 48.00 euros.(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)

$BNR.F

Research13d ago

Sadif Downgrades Baan Holding to Strong Sell, Cuts PT

Sadif Investment Analytics on Monday downgraded hospitality and entertainment group Baan Holding Group (SASE:1820) to strong sell from buy and decreased its price target to 1.72 Saudi riyals from 2.57 riyals.(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)

SASE:1820

Research13d ago

BNP Paribas Upgrades K+S to Outperform Rating, Boosts PT

BNP Paribas on Tuesday upgraded chemicals company K+S (SDF.F) to outperform from an underperform rating and increased its price target to 19 euros from 12 euros.(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)

$SDF.F

Mining & Metals13d ago

Earnings Flash (BRM.V) BIOREM Inc. Reports Q2 Revenue C$15.7M

$BRM.V

Mining & Metals13d ago

NEO Battery Materials Reports Two Purchase Orders From Korean and North American Companies

NEO Battery Materials (NBM.V) said Tuesday that it received purchase orders from a South Korean drone manufacturer, and a North American Fortune 500 automotive company.The drone company, Narma, ordered NEO's 34 ampere-hour (Ah) drone battery packs and a custom-engineered 22Ah pack for its vertical take-off and landing (VTOL) unmanned aircraft.The North American company order involves Neo servicing battery manufacturing processes for the automotive company's advanced battery development initiative.These purchase orders are for immediate production and delivery within the near term, NEO added."NEO is continuing to target various downstream verticals and customer profiles to expand business opportunities and create a robust sales pipeline. With NEO's distinct cell development and manufacturing expertise from global battery manufacturers, the company is gaining adoption as not only a contract manufacturer but also a close collaborator on designing and optimizing end products and systems," said Chief Executive Spencer Huh.The company's shares closed unchanged at C$0.27 Monday on the TSX Venture Exchange.

$NBM.V

Wire13d ago

Altimmune's Investigational Alcohol Use Disorder Drug Meets Primary Endpoint in Phase 2 Study

Altimmune's (ALT) investigational drug Pemvidutide met its primary and several secondary endpoints in a phase 2 study for treatment of alcohol use disorder, the company said Tuesday.A 2.4 mg dose yielded a "statistically significant and clinically meaningful" reduction in heavy drinking days versus placebo, the primary endpoint of the approximately 100-patient study, the company said.The company also met secondary endpoints including a two-level reduction in World Health Organization Risk Drinking Levels and achieving zero heavy-drinking days versus placebo, the company said.The drug also showed generally favorable tolerability, the company said.Based on the data, Altimmune plans to request an End-of-Phase 2 meeting with the U.S. Food and Drug Administration to discuss pemvidutide's path forward in alcohol use disorder, the company said.Shares of the company were up more than 11% in recent premarket trading.

$ALT

International13d ago

June US Advance Retail Inventories Flat Vs. Expected 0.4% Gain, Prior 0.5% Gain

International13d ago

June US Advance Wholesale Inventories Rise 0.3% Vs. Expected 0.4% Gain, Prior 0.3% Gain

Mining & Metals13d ago

Selkirk Copper Mines Upgrades to OTCQX Best Market

Selkirk Copper Mines (SCMI.V) upgraded to the OTCQX Best Market from the OTCQB Venture Market, effective Tuesday, the company said.The company's shares will trade under the symbol SKRKF on the OTCQX, and will continue to trade under the symbols SCMI on the TSX Venture Exchange and IO20 on the Frankfurt Stock Exchange, added the company on Tuesday."This progression enhances our visibility among US investors, improves liquidity, and reinforces our commitment to creating long-term shareholder value as we advance the Minto copper-gold-silver mine toward a restart decision in 2027," said CEO M. Colin Joudrie.

$SCMI.V

International13d ago

June US Advance Goods Trade Deficit $101.46 Bln Vs. Expected $100.0 Bln, Prior $105.89 Bln

Commodities13d ago

CenterPoint Highlights 17-GW Large-Load Pipeline in Q2 as Houston Power Demand Accelerates

CenterPoint Energy (CNP) highlighted rapidly accelerating electricity demand across its Houston service territory during its Q2 results on Tuesday, while outlining its growing pipeline of projects to support the region's growing power needs.The utility said it submitted more than 17 gigawatts of large-load projects through the Electric Reliability Council of Texas' Batch Zero interconnection process, with roughly 14 GW expected to qualify as either base-load, which are highly likely to materialize, or studied-load projects, which are more uncertain.If approved, the company noted that these projects could increase Houston's current peak 21 GW peak system demand by more than 65% by 2031.Jason Wells, the company's Chairman and CEO, called this the industry's "unprecedented and dynamic era of growth" while adding that higher system utilization from the new connections is expected to improve affordability for existing customers over time by spreading infrastructure costs across a larger customer base.

$CNP

Mining & Metals13d ago

Glencore Canada Reduces Stake in Osisko Metals

Glencore Canada agreed to sell 21.5-million share of Osisko Metals (OM.TO) worth C$34.31 million, reducing its stake in the company to 11.9% from 14.3% on a non-diluted basis.The transaction is expected to close around July 29, Glencore Canada said late Monday.Glencore Canada said it owns Osisko Metals shares for investment purposes, and may increase or decrease its shareholding based on the evaluation of Osisko Metals' business.Osisko Metal shares closed down C$0.02 to C$1.65 Monday on the Toronto Stock Exchange.

$OM.TO

Asia13d ago

Hongkong Land H1 Underlying Attributable Profit Up; Total Revenue Slips

Hongkong Land (SGX:H78) logged $259 million in underlying profit attributable to shareholders for the first half, compared with $233 million a year ago, a Tuesday filing showed.Underlying EPS moved to $0.1207 from $0.1058 year over year.For the six months ended June 30, total revenue was $632.7 million versus $751.2 million previously, the Singapore-listed property company added.Meanwhile, the board proposed an interim dividend of $0.08 per share, payable Oct. 14 to shareholders on record Aug. 21. It paid $0.06 per share a year ago.Looking ahead, the company flagged an upgrade to full-year underlying profit guidance, adding that it expects growth to be in line with the interim period.

SGX:H78

Mining & Metals13d ago

PreveCeutical Medical Raises C$200,000 Via Third Tranche of Non-Brokered Private Placement

PreveCeutical Medical (PREV.CN) raised C$200,000 after it closed the third tranche of its non-brokered private placement, it said late Monday.The company issued 8-million units at C$0.025 apiece, as part of the third tranche. From the initial, second and the third tranches, it received total proceeds of C$785,000.Closing of further tranches will be done in the next four weeks, it said. Proceeds of the third tranche will be used to pay outstanding payables, for operating expenses and for general working capital needs.Shares of the company closed up 33% to C$0.02 on Monday on the Canadian Securities Exchange.

$PREV.CN

Asia13d ago

Larsen & Toubro's Profit Climbs in Fiscal Q1

Larsen & Toubro (NSE:LT, BOM:500510) recorded an attributable profit of 41.2 billion Indian rupees in the first fiscal quarter, up from 36.2 billion rupees a year prior.Earnings per share increased to 29.96 rupees from 26.29 rupees in the year-ago period, according to a Tuesday Indian bourse filing.Revenue from operations increased to 679.4 billion rupees from 636.8 billion rupees previously.

BOM:500510NSE:LT

Research13d ago

WSP Global Price Target Lowered to C$255 at TD

TD Securities lowered its price target on WSP Global (WSP.TO) to C$255 from C$307 on Tuesday.Analyst Michael Tupholme maintained a Buy rating on shares of the Canadian engineering and professional services company."WSP's proposed acquisition of Arcadis is expected to yield healthy synergies and be accretive," Tupholme said in a note to clients. "However, there is uncertainty on terms, soft revs/EBITDA are a concern to some, and the deal isn't alleviating existing investor concerns re: AI risks."(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)

$WSP.TO

Equities13d ago

BofA Adjusts Price Target on Exxon Mobil to $158 From $154

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $167.27, 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)

$XOM

Commodities13d ago

Market Chatter: PetroChina Explores LNG Canada Development Stake Divestment

Chinese state-owned energy major PetroChina is considering selling a portion of its stake in LNG Canada Development and has hired an adviser to assess market interest, Bloomberg reported Tuesday, citing undisclosed sources.PetroChina, which owns a 15% stake in LNG Canada Development, potentially valued at a few billion dollars, may opt to cut its interest through several small deals, the report said, adding that the company is in early stage talks and no decision has been taken yet.The Chinese oil and gas company intends to use deal proceeds to fund the planned second phase expansion of the LNG Canada Development, which would double the facility's output. The project has been an important liquefied natural gas alternative for China amid the ongoing Middle East energy supply crisis and the disruptions to deliveries from Qatar, which accounted for 30% of the country's 2025 LNG imports, the report added.The first phase of the $31 billion LNG project in Kitimat, British Columbia, began exports last year. Other partners in the project include Shell (SHEL), Mitsubishi Corp, Petroliam Nasional Bhd, and Korea Gas.has reached out to PetroChina and LNG Canada for 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.)

$SHEL

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