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Bloom Energy's Q2 Results Above Most Bullish Estimates, RBC Capital Markets Says

Bloom Energy (BE) reported Q2 results that were above even the most bullish expectations and raised its full-year revenue guidance as fuel cell sales continue to grow, RBC Capital Markets said in a note Tuesday.The company now expects 2026 revenue in a range of $3.9 billion to $4.2 billion, a $450 million or 12.5% increase at the midpoint.The investment firm projected revenue to increase to about $7.4 billion in 2028, driven by strong sales of fuel cells to large data center customers.The firm said Bloom Energy is in the early stages of a large demand ramp and its ability to provide power in under 90 days remains its "superior" value proposition, highlighting the strength of its potential pricing power.RBC has an outperform rating on Bloom Energy and a $335 price target.Shares of the company were down 2% in Wednesday trading.Price: $163.46, Change: $-3.38, Percent Change: -2.03%

$BE

Wire14d ago

Update: Market Chatter: Carlyle Set to Cede Control of Anthesis to Bridgepoint

(Update to specify that Bridgepoint Credit, a subsidiary of Bridgepoint Group, will become majority owner of Anthesis.)Bridgepoint Group's Bridgepoint Credit is set to become the majority owner of Carlyle Group (CG) portfolio company Anthesis Consulting Group through a recapitalization transaction, Bloomberg reported Wednesday, citing a company statement.Bridgepoint and Carlyle did not immediately reply to requests for comment from.(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: $44.98, Change: $-1.49, Percent Change: -3.21%

$CG

Oil & Energy14d ago

Market Chatter: Adnoc Sells UAE Crude to Asian Buyers at Premiums in 7th Tender

UAE's Adnoc sold at least 12 million barrels of spot crude to Asian refiners and trading companies at premiums in its latest tender, as renewed US-Iran hostilities disrupted supply flows and triggered a rush for alternative barrels, Reuters reported on Wednesday, citing trade sources.Indian Oil bought 2 million barrels of Upper Zakum crude for end-August loading at prices ranging from flat to a premium of $1 per barrel against August Dubai quotes on a delivered basis.Unipec, the trading arm of Sinopec, along with PetroChina and Sinochem, each bought 2 million barrels of Upper Zakum crude at premiums of about $3/bbl to $4/bbl to September Dubai quotes. The cargoes are scheduled for delivery in September and October.Japan's Idemitsu Kosan purchased 2 million barrels of Das crude at a premium of about $1/bbl to September Dubai quotes on a free-on-board basis. Adnoc did not immediately respond to' request for comment.(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.)

Asia Markets14d ago

Swiss Stocks Retreat as US Fed Rate Decision Takes Spotlight; UBS Shares Up

The Swiss Market Index slipped back into the red on Wednesday, closing 0.58% lower, as investors digest a fresh batch of economic data prints and corporate updates while awaiting the US Federal Reserve's monetary policy decision."With a 32% chance of a rate hike today priced as of last night, this is the most uncertain that the market has been on whether the Fed will change rates going into a meeting since December 2018, when the eventual 25bps rate hike was about 65% priced the day before," analysts at Deutsche Bank Research said. "In terms of today's decision, our US economists expect the Fed to leave rates unchanged but see the risks of a hike as significant with the renewed escalation in the Middle East complicating the inflation outlook. If the Fed holds rates steady, they expect at least a couple of dissents in favour of a hike."Speaking of the Middle East, oil prices edged higher as tensions in the region escalated after coordinated US-Saudi Arabian airstrikes killed 20 Iran-backed paramilitary members in Iraq in retaliation for drone attacks on Saudi energy facilities. Reuters said the latest development followed Tehran's rejection of an Omani proposal for joint control of the Strait of Hormuz.Back home, data from UBS & CFA Society Switzerland showed that the country's economic sentiment index improved to 10 points in July from -25 points in June, reaching its highest level in 2026 despite the renewed geopolitical tensions. A majority of the analysts surveyed also expect the Swiss National Bank (SNBN.SW) to maintain its key rate at 0% over the next 12 months.Over to corporates, UBS Group (UBSG.SW) posted a year-over-year increase in first-half 2026 net profit attributable to shareholders to $5.84 billion from $4.09 billion, while total revenue climbed to $27.94 billion from $24.67 billion. The Swiss banking group is also launching a new share repurchase program of $3 billion, which is set to run until the end of the second quarter of 2027, at the latest. The stock added 0.90% at closing."UBS reported a strong set of results, not unexpected post peer results. The top line benefited from supportive markets and operating leverage meant a large part went through to profits. The [share buyback] announcement points to a slower run rate than in consensus but the timeline leaves room to at least deliver in line with expectations," RBC Capital Markets said in a quick take note. "Even if low, the small positive NNA in the Americas is encouraging. There is no update on TBTF at this stage (as expected) but the parent bank ratio further increased."Computer peripherals company Logitech International (LOGN.SW) and energy technology company Landis+Gyr Group (LAND.SW) also reported earnings.Meanwhile, Sandoz Group (SDZ.SW) confirmed Brazil approved Owozy medication as a treatment for type 2 diabetes. The Swiss drugmaker will commercialize Owozy in the South American country in partnership with Adalvo, which also developed the drug, expecting the launch to take place in the second half. At the end of the trading day, Sandoz shares were up 3.72%.

^SSMI$LAND.SW$LOGN.SW$SDZ.SW$UBSG.SW

Mining & Metals14d ago

BeMetals Says the Effective Date of Its Name Change is July 31

BeMetals (BMET.V) on Wednesday said it received approval from the TSX Venture Exchange to change its name to "Lightning Resource Corp.", effective July 31.The company's new ticker symbol will be "LTNG".BeMetals also added that its acquisition of all of the non-Yukon mineral exploration projects of Prospector Metals, is still pending.Shares of the company were last seen unchanged at C$0.49 on the TSX Venture Exchange.

$BMET.V

Oil & Energy14d ago

Market Chatter: Houthis Explore New Fees on Traffic Through Bab el-Mandeb

The Houthis are exploring a plan to charge commercial vessels using the Bab el-Mandeb waterway, adding another layer to their Red Sea campaign after announcing a naval blockade on Saudi Arabia last week, Reuters reported Wednesday, citing two regional sources.Houthi officials discussed Bab el-Mandeb transit fees during a July visit to Iran, where they attended the funeral of late Supreme Leader Ayatollah Ali Khamenei. The proposal would increase pressure on the US, while Chinese vessels would remain exempt, the report said.Iranian advisers are helping the Houthis establish a body to oversee potential transit fees through the Bab el-Mandeb, Reuters reported. Yemen's foreign minister-designate Afrah al-Zouba said the group aims to control the Red Sea to charge passing ships.Iran has rejected Oman's proposal for joint regional oversight of the Strait of Hormuz, which included voluntary transit fees for ships. The decision dims prospects for easing months of disruption to Gulf trade, the report added.(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.)

Wire14d ago

Carrier Global Q2 Results Benefit From Residential HVAC Rebound, RBC Says

Carrier Global (CARR) reported "solid" Q2 results and raised its 2026 outlook as its Americas residential heating, ventilation and air conditioning business rebounded and data center demand accelerated, RBC Capital Markets said in a note Wednesday.Organic sales rose 3% compared with a consensus estimate for a 1.7% decline, while Americas revenue increased 4%. Residential sales climbed 9% and orders rose about 70%, prompting Carrier to raise its 2026 Americas residential outlook to high-single-digit growth from a previously expected high-single-digit decline, according to the note.Carrier also increased its 2026 data center revenue forecast to $2 billion from their previous estimate of $1.5 billion after orders surged 300%. RBC said the rapid expansion could create some near-term margin headwinds as the company adds capacity.Meanwhile, Carrier raised its 2026 earnings guidance to about $2.90 per share from $2.80 and increased its organic sales growth outlook. The company expects nearly $6 billion in revenue, 10% organic growth, an operating margin of about 16.5% and adjusted EPS of $0.75, with the Americas remaining its most profitable region, the note said.RBC maintained an outperform rating on Carrier Global and raised its price target to $82 from $81, adding that Carrier's roughly 9% share-price decline appeared tied to a broader "selloff" in data center-related stocks rather than company-specific concerns.Price: $60.54, Change: $-2.63, Percent Change: -4.16%

$CARR

Wire14d ago

IQVIA has Favorable Setup for Margin Expansion Into 2027, RBC Says

IQVIA (IQV) has a favorable setup for margin expansion into 2027 on efficiencies, margin accretion through the commercial solutions segment, and operating leverage, RBC Capital Markets said in a Tuesday research report.The company's tech differentiation is gaining market share, and the inflection in contract research organization activity should continue to accelerate, according to the note.The company's Q2 beat and raise on record bookings growth point to sustainable growth in its research and development solutions business, analysts wrote.IQVIA's fiscal 2026 EBITDA guidance is achievable as operational efficiencies, including AI, should mostly offset any higher pass-through costs, according to RBC.The brokerage said it reiterated its outperform rating on the stock and boosted its price target to $247 per share from $221.Price: $245.67, Change: $+2.72, Percent Change: +1.12%

$IQV

Asia Markets14d ago

German Equities Close Busy Earnings Day Flat

German shares ended an earnings-heavy session little changed, with the blue-chip DAX index closing Wednesday's session 0.01% lower.BASF (BAS.F) climbed to one of the top spots, rising 3.87%, as mwb Research noted the German chemical group's in-line second-quarter results, which included a 16.4% year-on-year jump in group sales to 17.21 billion euros."Final Q2 results were in line with prelims and confirmed that the earnings beat was driven primarily by stronger contribution margins, supply-related pricing and the Zhanjiang ramp-up rather than a broad-based demand recovery, with elevated hedging and trading gains also providing a less-repeatable contribution," mwb wrote. "With July trading holding up and no material demand destruction evident, we expect conditions to stabilize gradually through H2 2026, with scope for a modest improvement into 2027."Meanwhile, Rheinmetall (RHM.F) reported that its preliminary second-quarter revenue surged 69% year over year to 3.29 billion euros and its operating profit came in at 562 million euros, beating market forecasts of 469.9 million euros. The German arms maker ended the trading day 6.13% in the green.Concurrently, Deutsche Bank (DBK.F) released its interim results, with first-half total revenue rising to 17.15 billion euros from the previous year's 16.33 billion euros, and announced plans for a new 500 million-euro share repurchase."DBK delivered a good set of results largely driven by the investment bank but the other divisions beat as well while costs came in in line. Loan loss guidance was reiterated on an underlying basis but DBK might book additional provisions to exit non-performing portfolios. While the [share buyback] was in line with estimates, it is reassuring that DBK moves forward," RBC Capital Markets said in a quick-take report. The lender was up 1.07%.In economic news, Germany's Federal Statistical Office reported that import prices in the eurozone's largest economy rose 6.1% year on year in June, against a 6.8% jump in May and the consensus estimate of a 6% increase. On a monthly basis, import prices edged down 0.7%, as expected.On the geopolitical front, oil prices are trending upward again after coordinated US-Saudi Arabian airstrikes killed 20 Iran-backed paramilitary members in Iraq in retaliation for drone strikes on Saudi energy facilities. Reuters reported the escalation follows Tehran's rejection of an Omani proposal for joint control of the Strait of Hormuz, with an unidentified Iranian official telling the newswire the terms were "unreasonable."

^DAX$BAS.F$DBK.F$RHM.F

Commodities14d ago

Cenovus Raises Full-Year Production Guidance on Strong Oil Sands Performance

Cenovus Energy (CVE) reported Q2 earnings on Wednesday, raising its full-year upstream production guidance after stronger-than-expected performance from its oil sands operations helped offset maintenance-related disruptions elsewhere in its portfolio.The Canadian oil producer said it now expects total upstream production of between 970,000 million barrels of oil equivalent per day and 1.01 mmboe/d in 2026, an increase of 25,000 boe/d at the midpoint from its previous forecast.The company also said it remains on track to surpass more than 1 million boe/d of upstream production during July.Total upstream production averaged 970.4 mmboe/d in Q2, compared to 765.9 mmboe/d for the corresponding period a year ago.Output at Cenovus' flagship Christina Lake oil sands project rose to 372.1 million barrels per day in Q2, supported by strong well performance at Narrows Lake and continued progress on redevelopment drilling at Christina Lake North.The company said production at Foster Creek declined to 214.5 million b/d in Q2 after an unplanned operational disruption in late May, while output from the Sunrise project rose to 65.7 million b/d as production ramped up from its first well pad in the East development area.Production from Cenovus' Lloydminster thermal assets increased to 103.1 million b/d, while conventional heavy oil production in the region slipped to 28.4 million b/d.Production from the energy firm's conventional segment fell to 118.2 million boe/d, due to third-party maintenance activities.Offshore production declined to 65.8 million boe/d in Q2, due to planned maintenance in China and Indonesia that reduced Asia Pacific production to 51.2 million boe/d, while turnaround work at the Terra Nova field lowered Atlantic region output to 14.6 million b/d.On the downstream side, total crude throughput averaged 451.5 million b/d in Q2, down from 665.8 million b/d a year ago.Canadian refining throughput declined to 101.7 million b/d, representing a 94% utilization rate, after turnaround work at the Lloydminster Upgrader.The company lowered expected oil sands operating costs to $10.75-$11.75/boe/d, from $11.25-$12.75, while conventional operating cost guidance was reduced to $10.00-$10.50/boe/d from $11.00-$12.00.Cenovus also increased its Canadian refining throughput guidance to 110 million -115 million b/d, while lowering expected Canadian refining operating expenses to $10.50-$11.50/bbl, citing strong year-to-date operating performance.The company updated its commodity price assumptions and cash tax guidance but left its 2026 capital spending forecast unchanged at $5 billion to $5.3 billion.Price: $29.11, Change: $+1.45, Percent Change: +5.22%

$CVE

Asia Markets14d ago

European Stocks Close Mixed Wednesday; Oil Stocks Surge on Middle East Fighting

The European stock markets closed mixed in Wednesday trading as investors parsed earnings reports, while oil prices surged amid renewed missile attacks in the Middle East.Energy and mining stocks led the gainers, while tech stocks and semiconductor companies continued to slump.The Stoxx Europe 600 declined 0.3%, Germany's DAX 40 was little changed, the FTSE 100 gained 0.3%, France's CAC 40 fell 0.6%, and the Swiss Market Index dropped 0.6%.In corporate news, Unilever agreed to protect the employment terms and conditions of workers in its European and UK food business for two years after its planned 2027 merger with McCormick (MKC), Reuters reported.Shares of Unilever fell 0.6% in London.ING Groep is preparing two significant risk transfer transactions covering about $10 billion of loans to free up capital for new lending, Bloomberg reported.Shares of the Dutch bank lost 1% in Amsterdam.Eni plans to increase its 2026 dividend by 5% to 1.1 euros ($1.25), and the company expanded the 2026 share repurchase program to 3.4 billion euros, a 20% increase from the guidance in the previous quarter.Shares of the Italian oil and gas major surged 7% in Milan.Rio Tinto reported H1 adjusted earnings of $4.21 per diluted share, up from $2.96 a year earlier, as sales increased.Shares of the mining company gained 1% in London.Deutsche Bank reported Q2 earnings of 1.91 billion euros, up from 1.73 billion euros a year earlier. Analysts polled by FactSet expected 1.51 billion euros.Shares of Deutsche Bank rose 2% in Frankfurt.UBS Group reported Q2 earnings of $0.87 per diluted share, up from $0.72 a year earlier. Analysts polled by FactSet expected $0.90.The company plans to buy back $3 billion in shares by the end of Q2 2027 with at least $1 billion to be repurchased over the next three months.Shares of UBS increased 1% in Zurich.

Mining & Metals14d ago

AbraSilver Resource Raised C$50 Million in a Bought-Deal Share Offering

AbraSilver Resource (ABRA.TO), down near 7% on last look, on Wednesday said it closed a bought-deal share offering that raised C$50 million.The company sold underwriters 3.4-million shares priced at $14.70 each, including the full exercise of the over-allotment option.AbraSilver said following the close of the offering, it will place a further 139,241 share to Kinross Gold (K.TO) to maintain its ownership stake in the company.Proceeds will be used to advance the Diablillos project in Argentina.AbraSilver shares were last seen down C$1.00, or 6.9%, to C$13.41, on the Toronto Stock Exchange.Price: $13.41, Change: $-1.00, Percent Change: -6.94%

$ABRA.TO

Wire14d ago

Alkermes' Core Business Backed Q2 Beat, Orexin Pipeline to Serve as Catalyst, RBC Says

Alkermes' (ALKS) base business supported the company's Q2 beat, while its orexin pipeline serves as a potential catalyst for future revenue growth, RBC Capital Markets said in a Tuesday note.The company reported a breakeven in Q2, compared with earnings of $0.52 per share a year earlier, and revenue of $496 million, up from $390.7 million. For 2026, Alkermes reiterated its total revenue guidance of $1.73 billion to $1.84 billion.Alkermes' core business drove the quarter's revenue beat, with recent highlights like less generic threat for Vivitrol and expanded access for Lybalvi, RBC said. The quarter also said one-time benefits from patient mix favorability, Lumryz inventory and Consta manufacturing, the brokerage added.Looking forward, investor focus is shifting to the company's orexin pipeline expansion into other indications, which could help pave the way for Alkermes's revenue to exceed $5 billion, RBC noted.RBC has an outperform rating and $56 price target on Alkermes.Price: $48.40, Change: $-2.11, Percent Change: -4.17%

$ALKS

Insider Trading14d ago

Progressive Insider Sold Shares Worth $769,780, According to a Recent SEC Filing

Andrew J Quigg, Vice President and Chief Financial Officer, on July 28, 2026, sold 3,499 shares in Progressive (PGR) for $769,780. Following the Form 4 filing with the SEC, Quigg has control over a total of 42,595 common shares of the company, with 42,595 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000306/xslF345X05/form4.xmlPrice: $222.51, Change: $+2.99, Percent Change: +1.36%

$PGR

Asia Markets14d ago

British Equities Rise on Earnings Bonanza; Weir Group Surges

The UK's FTSE 100 climbed 0.24% on Wednesday's close, led by corporate heavyweights that published interim financial results during the session.Weir Group (WEIR.L) was the top gainer on the blue-chip index, rising 9.03%, after first-half attributable profit increased year over year to 128.6 million pounds sterling from 111.3 million pounds amid revenue growth. The engineering company confirmed its guidance for growth in constant currency revenue and operating profit."Strong Q2 orders (+10% organic) coming in 7% above consensus and H1 sales / profits are in line. FY outlook reiterated in line with guidance. Solid delivery and order acceleration should alleviate some market concerns after a softer Q1," RBC Capital Markets said.Glencore (GLEN.L) gained 2.13% as analysts said the overall half-year production report was better than expected. "We anticipated a strong H1 for Marketing, but the US$3.3B EBIT expected by the company in its upcoming results is 56% higher than our forecast and should underpin good [free cash flow] in the half. Elsewhere, a more mixed Q2 for volumes, with copper in line, zinc and thermal coal better than us (+11/5%), offset by met coal (-8%) and minor changes to coal guidance," BMO Capital Markets wrote.Meanwhile, Standard Chartered (STAN.L) jumped 3.77% after reporting higher half-year attributable profit and operating income. It also raised its full-year operating income growth guidance to the middle of the 5% to 7% range at constant currency, compared with the previous guidance of the bottom end of the range.In global news, Brent crude ascended once again after the US resumed fighting with Iran. While the US said it blocked an Iranian missile on its bases in the Middle East, Iran's IRIB News reported that the attack was in retaliation for "aggressive US actions."Next, investors await the Bank of England's monetary policy decision on Thursday, which is widely expected to include no change in interest rates."We do not think that the BoE will follow through with its threat to raise interest rates for two reasons: 1) Inflation in wages and services prices - the part of inflation that the BoE can best influence - continue to trend lower. 2) We think US President Donald Trump wants to avoid high oil prices because high petrol prices would damage the Republican party's chances in the 3 November mid-term elections. If our reasoning holds, the BoE should turn more dovish over the remainder of the year, resume interest rate cuts in December, then lower the policy rate twice more to 3.00% in mid-2027," Berenberg said.

FTSE 100$GLEN.L$STAN.L$WEIR.L

Wire14d ago

Brown & Brown Expected to Deliver Low-Single Digit Organic Revenue Growth Into 2027, RBC Says

Brown & Brown (BRO) is expected to continue delivering low-single digit organic revenue growth into 2027, with strong operating cash flow conversion and significant share buybacks, RBC Capital Markets said in a note emailed Wednesday.Following Q2 results, RBC raised its 2026 adjusted EPS estimate to $4.66 from $4.59 and its 2027 estimate to $4.95 from $4.87, according to the note.Brown & Brown said organic growth should improve in H2, with Retail and Specialty Distribution growth projected at 1.5% to 2.5% and 2% to 4%, respectively, driven by a business mix shift away from catastrophe property, the note added.The brokerage models a slowdown in 2027 profit sharing commissions to $255 million from $327 million estimated in 2026, creating a headwind to overall revenue growth and the recent organic and contingent growth metric, the note said.RBC raised its share buyback expectation to $950 million for 2026 and $700 million for 2027.RBC kept a sector perform rating on Brown & Brown and raised its price target to $78 from $72.Price: $75.44, Change: $+1.79, Percent Change: +2.43%

$BRO

Wire14d ago

Ford Motor's Electric Vehicle Losses Likely to Improve, Potentially Boost Profit by 2029, RBC Says

Ford Motor's (F) Q2 results show that losses in its electric vehicle business are likely to improve, showing potential to "dramatically" boost earnings before interest and taxes by 2029, RBC Capital Markets said in a Tuesday note.The auto maker raised its 2026 outlook for earnings before interest and taxes for the Model E segment by $250 million, implying that underlying profitability of the segment is improving by $1.8 billion, or 40%, RBC analysts said. They noted that the electric vehicle segment, which the company sees moving to profitability in 2029, and battery energy storage systems business are critical to Ford's investment thesis.Software and services are also seen as playing a key role in lifting profit margins to the target of 8% by 2029, with the company stating it now has more than 14 million connected vehicles and total paid subscriptions growing 50% year over year to 1.6 million, according to the note.If Ford is able to execute on its multi-year plan, it would become a "unique turnaround story" in the automobile sector, RBC said.RBC maintained the company's stock rating at sector-perform and raised the price target to $15 from $13.Price: $15.72, Change: $+0.75, Percent Change: +5.05%

Treasury14d ago

US 2-Year FRN Auction High Discount Margin Falls from Previous Month, Demand Rises

The US Treasury's 2-year FRN auction hit a high discount margin of 0.050% on Wednesday, smaller than the 0.079% high in the previous auction.The bid to cover ratio for the auction was 3.37, above the 2.99 ratio in the previous auction.Dealers represented 65.48% of the bids, with direct bidders at 1.29% and indirect bidders at 33.23%.For takedown, dealers took 36.77% and indirect bidders took 63.22%.

Wire14d ago

Centene's Strong Q2 Beat Overshadowed by Delayed Medicaid Margin Recovery, RBC Says

Centene (CNC) delivered a stronger-than-expected Q2, but investor attention shifted to management's outlook for Medicaid margins, which may not meaningfully recover until H2 2027, RBC Capital said in a Tuesday note.The analysts noted that management raised its 2026 revenue outlook by $6 billion to a range of $193.5 billion to $197.5 billion, but cautioned that about $0.50 of Q2 adjusted EPS was driven by non-recurring settlement items.RBC said management maintained its Medicaid health benefits ratio outlook despite favorable July 1 rate updates, citing higher acuity and increased attrition in the Medicaid expansion population, while lowering its Medicaid membership forecast to an 8% to 9% year-over-year decline from the previously expected 6% decline.Meanwhile, higher guidance was driven mainly by Centene's Marketplace business, where the company raised its full-year pretax margin outlook but added that the delayed recovery in Medicaid margins is likely to remain the primary focus for investors despite the strong quarterly results.RBC maintained its sector perform rating on the stock and its $71 price target.Price: $63.02, Change: $-0.89, Percent Change: -1.39%

$CNC

Wire14d ago

Celestica Delivered 'Solid' Q2 Results, Valuation Increasingly Attractive, RBC Says

Celestica (CLS) delivered "solid" Q2 results, and its valuation is increasingly attractive, RBC Capital Markets analysts said in a Tuesday note.The company's outlook for 2026 and 2027 reflects the ramp of the OpenAI and AMD Helios programs, scaling of 800G switch programs, sustained stronger growth in its Advanced Technology Solutions segment, and continued momentum in its artificial intelligence program, analysts said."Celestica is seeing market share gains due to strong delivery execution and synergies between its design and manufacturing," RBC said.Analysts said that due to capacity constraints, customers are ordering materials a year in advance, giving Celestica multi-year visibility from customers out as far as 2029 in some cases.RBC retained an outperform rating on the stock and increased its price target to $450 from $440.Price: $326.50, Change: $-23.71, Percent Change: -6.77%

$CLS

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Asia Markets14d ago

Swiss Stocks Retreat as US Fed Rate Decision Takes Spotlight; UBS Shares Up

^SSMI$LAND.SW$LOGN.SW$SDZ.SW$UBSG.SW