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Norwegian Energy Giant Equinor Plans to Halve Scatec Stake

Equinor (EQNR.OL) is considering selling an 8.1% stake in Scatec (SCATC.OL) through an accelerated bookbuild process, according to a Monday release.The Norwegian energy giant will sell the 12.9 million placing shares to eligible institutional and other professional investors, with pricing scheduled for Tuesday and settlement to follow a normal delivery-versus-payment basis.Norwegian solar power producer Scatec will not receive any net proceeds from the transaction. Equinor, meanwhile, will retain a shareholding of 12.9 million shares after the placing completes.

$EQNR.OL$SCATC.OL

Wire146d ago

Jefferies & Co Adjusts Martin Marietta Materials Price Target to $745 From $785, Maintains Buy Rating

Martin Marietta Materials (MLM) has an average rating of overweight and mean price target of $708.09, 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: $621.09, Change: $-10.44, Percent Change: -1.65%

$MLM

Commodities146d ago

CWP Energy Secures Financing for Major UK Wind Farm Project

Developer CWP Energy said Monday that it has secured a loan to finance the Sanquhar II wind farm after winning a government-backed contract for difference in the UK's latest renewable energy auction round.The project, now under construction in southern Scotland, will feature 44 Vestas EnVentus turbines and is to rank as the UK's fourth-largest onshore wind farm.Germany-based KfW IPEX-Bank led the 400 million British pound ($538 million) financing. Commerzbank and Helaba joined during syndication, forming a lending group to support the company's future expansion.The project is expected to generate enough electricity to power about 335,000 homes annually while cutting over 540,000 metric tons of carbon emissions each year, contributing to the UK's net-zero and energy security targets.FairWind has reportedly secured a contract from Vestas to deliver the full installation scope for the project, which is an extension of the existing Sanquhar onshore wind farm.It is expected to begin operations in 2027 and, once fully operational, is to generate about 1.2 terawatt hours of electricity annually, trade publication Windtech International said in January.

Wire146d ago

Autonomous Research Cuts Price Target on T. Rowe Price Group to $79 From $83, Maintains Underperform Rating

T. Rowe Price Group (TROW) has an average rating of underweight and mean price target of $92.25, 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: $92.35, Change: $+0.86, Percent Change: +0.94%

$TROW

Wire146d ago

BTIG Research Adjusts Boston Scientific Price Target to $90 From $110, Maintains Buy Rating

Boston Scientific (BSX) has an average rating of Buy and mean price target of $98.71, 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: $61.97, Change: $+0.18, Percent Change: +0.29%

$BSX

Wire146d ago

Blackstone Said to Mull Joint Bid With I Squared for Stroer Unit, Bloomberg Reports

$BX

Wire146d ago

BTIG Research Adjusts Edwards Lifesciences Price Target to $98 From $103, Maintains Buy Rating

Edwards Lifesciences (EW) has an average rating of overweight and mean price target of $97.27, 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)Price: $77.30, Change: $-0.57, Percent Change: -0.73%

$EW

Wire146d ago

Evercore ISI Adjusts Lennar Price Target to $82 From $89, Maintains Underperform Rating

Lennar (LEN) has an average rating of Underweight and mean price target of $89, 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: $88.09, Change: $-0.88, Percent Change: -0.99%

$LEN

Wire146d ago

Evercore ISI Adjusts Extra Space Storage Price Target to $149 From $150, Maintains In Line Rating

Extra Space Storage (EXR) has an average rating of overweight and mean price target of $153.22, 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: $137.50, Change: $-1.38, Percent Change: -0.99%

$EXR

Wire146d ago

Autonomous Research Adjusts Price Target on Franklin Resources to $24 From $25, Maintains Underperform Rating

Franklin Resources (BEN) has an average rating of hold and mean price target of $26.27, 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)Price: $25.27, Change: $+0.36, Percent Change: +1.43%

$BEN

Wire146d ago

Autonomous Research Adjusts Price Target on Invesco to $25 From $28, Maintains Neutral Rating

Invesco (IVZ) has an average rating of overweight and mean price target of $27.91, 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: $23.82, Change: $+0.24, Percent Change: +1.02%

$IVZ

Wire146d ago

Evercore ISI Adjusts Public Storage PT to $309 From $311, Maintains In Line Rating

Public Storage (PSA) has an average rating of overweight and mean price target of $311.93, 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: $291.75, Change: $-3.25, Percent Change: -1.10%

$PSA

Wire146d ago

Autonomous Research Adjusts Price Target on BlackRock to $1,225 From $1,286, Maintains Outperform Rating

BlackRock (BLK) has an average rating of buy and mean price target of $1,224.88, 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: $1001.69, Change: $+2.38, Percent Change: +0.24%

$BLK

Wire146d ago

Evercore ISI Adjusts D.R. Horton PT to $153 From $169, Maintains In Line Rating

D.R. Horton (DHI) has an average rating of Hold and mean price target of $156, 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: $141.39, Change: $-1.25, Percent Change: -0.88%

$DHI

Mining & Metals146d ago

RBC on OpenText's Preliminary Q3 Revenue

OpenText (OTEX.TO, OTEX) last week pre-announced preliminary third-quarter revenue of US$1.28 billion, effectively in line with RBC/consensus estimates of $1.27 billion.In a note, RBC Capital Markets analyst Paul Treiber, who has a sector-perform rating and US$30.00 price target on the stock, estimates the third-quarter preliminary revenue implies constant-currency organic growth of -0.9%, better than the -1.6% in RBC's model and up from -2.6% in the second quarter."[T]he results suggest OpenText's Q3 was largely stable despite geopolitical disruptions during the quarter. In light of the continued pessimism for software stocks, an in-line quarter with slightly negative organic growth is unlikely to be a material catalyst for the stock. However, with OpenText trading at a deeply discounted valuation of 5.7x EV/EBITDA and 4.8x P/E, the results shouldn't weigh on the shares, in our view."Price: $29.64, Change: $+0.81, Percent Change: +2.81%

$OTEX$OTEX.TO

Wire146d ago

Microsoft, Salesforce Recent Sell-Offs Disconnected From Emerging AI Monetization Opportunities, Wedbush Says

Microsoft (MSFT), Salesforce (CRM) and ServiceNow's (NOW) recent sell-offs amid the broader software disposal are disconnected from the AI opportunities over the coming years, with enterprises moving to integrate AI across their tech stacks on a priority, Wedbush said in a note Monday.The brokerage said its tech team has seen a rapid pace of enterprise AI adoption over the past few weeks, as per conversations with multiple customers and partners across the board including throughout Asia, furthering its enterprise software sector AI monetization thesis.Increased AI usage is also lowering the cost and skill required to execute sophisticated cyber attacks, Wedbush said, adding that AI in cybersecurity does not reduce the need for endpoints and their vendors, but multiplies it as more enterprises deploy LLM-powered agents, meaning more run-time monitoring and identity governance.In this context, Wedbush said its favorites included CrowdStrike (CRWD), Palo Alto Networks (PANW), Zscaler (ZS), Check Point Software (CHKP), and Rubrik (RBRK).Price: $378.62, Change: $+7.75, Percent Change: +2.09%

$CHKP$CRM$CRWD$MSFT$NOW$PANW$RBRK$ZS

Mining & Metals146d ago

Supreme Critical Metals Announces Name Change to Maverick Gold and Silver Corporation

Supreme Critical Metals (CRIT.CN) on Monday said it is changing its name to Maverick Gold and Silver Corp.With the name change, the company said its trading symbol for its shares on the Canadian Securities Exchange will change to "MAV", expected at the opening of trading on April 15."The transition to Maverick Gold and Silver Corporation represents a transformative step forward for the company as we sharpen our focus on the tremendous opportunities within the precious metals sector," said chief executive Glen Watson. " ... This rebranding underscores our commitment to building a dynamic portfolio of gold and silver assets and delivering meaningful upside for our shareholders as we execute on our growth strategy."Shares of the company were last seen unchanged at $0.075 on the Canadian Securities Exchange.

$CRIT.CN

Wire146d ago

Update: Market Chatter: Exxon Mobil Plans Overhauls at Beaumont, Texas Refinery

(Updates to add the company's response in the third paragraph.)Exxon Mobil (XOM) is planning an overhaul in the spring and another at the end of the year at its Beaumont refinery in Texas, Reuters reported late Wednesday, citing people familiar with plant operations.In May, the company plans to shut the 60,000-barrel-per-day coker for an overhaul that will continue into June, the sources reportedly said, adding that in December, the 120,000-barrel-per-day gasoline-producing fluidic catalytic cracker will go through an overhaul lasting into January.An Exxon Mobil spokesperson declined to comment on operational details when contacted by.(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.)Price: $153.11, Change: $+0.60, Percent Change: +0.39%

$XOM

Wire146d ago

IBM Likely to Report In-Line Q1 Results With Revenue Contribution From Early Confluent Deal Close, BofA Says

IBM (IBM) will likely report in-line Q1 results on April 22, with the early close of the Confluent acquisition likely contributing about $50 million in revenue to the quarter, BofA Securities said in a note Monday.IBM will likely leave its full year 2026 outlook unchanged as it will probably aim to offset incremental dilution with the added quarter of revenue and cost savings, the note said, adding the Confluent deal closed on March 17, one quarter earlier than expected.BofA said it sees 2026 as a "more modest year" for IBM as it integrates Confluent and also as the sector "works through the impact of the AI agent disruption narrative."BofA said its 2026 EPS estimate for IBM is now $11.98, down from $12.20, due to the additional quarter of Confluent dilution as well as a forecast for weaker growth in IBM's consulting business.The investment firm said, however, it is still bullish on IBM's software moat as well as its free cash flow growth potential in the long term.BofA reiterated its buy rating on IBM and lowered the company's price target to $300 from $340.Price: $232.99, Change: $+2.23, Percent Change: +0.96%

$IBM

Wire146d ago

FIGS' Outperformance Reflected in Soaring Stock Price, Morgan Stanley Says

FIGS (FIGS) is surpassing expectations, but its revenue outperformance has already been reflected in its soaring stock price, which has more than doubled in the past six months, leading to an "uninviting" risk-reward profile, Morgan Stanley said in a Monday note.The company has posted impressive revenue acceleration, boosting year-over-year growth from 8% in Q3 to 33% in Q4, the analysts said. The improved performance has been understood by the market, as shown in the 108% stock price increase in the last six months.Morgan Stanley's analysis implies that the company's stock would need earnings before interest, taxes, depreciation, and amortization to grow by about 40% per year for three years and trade at over 20 times its projected 2028 multiple for upside of 28%, which is a "high bar for minimal upside," the analysts said.The analysts believe growth may continue to be elevated throughout the rest of the year despite their concerns that their projected negative scenario is more likely to occur than the positive.Morgan Stanley maintained the company's stock rating at equal-weight and raised the price target to $15 from $8.Price: $14.40, Change: $+0.18, Percent Change: +1.27%

$FIGS

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