Financial News · Live Terminal

Page 596 of 3760

Loop Capital Adjusts Price Target on Royal Caribbean Group to $327 From $304

Royal Caribbean Group (RCL) has an average rating of overweight and mean price target of $343.68, 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: $324.42, Change: $+1.92, Percent Change: +0.60%

$RCL

Wire20d ago

Northcoast Research Adjusts Veralto Price Target to $110 From $105

Veralto (VLTO) has an average rating of overweight and mean price target of $108.69, 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: $98.35, Change: $-0.13, Percent Change: -0.13%

$VLTO

Wire20d ago

Repligen's Diversity of Growth Drivers Support Return to Mid-Teens Organic Sales Growth, RBC Says

Repligen's (RGEN) diversity of growth drivers and a strengthening bioprocess market should support a return to mid-teens organic sales growth, RBC Capital Markets said in a Tuesday note.The Q2 results and guidance boost, reflecting a stronger H2 outlook, keep the company's growth story intact, while high-teens growth in emerging biotech indicates that the rebound in customer base is sustainable, according to the note.While equipment sales in Q2 were lighter, the company pointed to robust sequential order growth while highlighting the positive implications for 2027, the analysts said.RBC reiterated its outperform rating and boosted its price target to $185 from $160.Price: $144.49, Change: $-0.85, Percent Change: -0.58%

$RGEN

Wire20d ago

UBS Adjusts Price Target on Automatic Data Processing to $276 From $270

Automatic Data Processing (ADP) has an average rating of hold and mean price target of $258.14, 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: $279.25, Change: $+15.08, Percent Change: +5.71%

$ADP

Wire20d ago

Goldman Sachs Adjusts Sherwin-Williams Price Target to $420 From $415

Sherwin-Williams Company (SHW) has an average rating of overweight and mean price target of $390.37, 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: $344.54, Change: $-9.73, Percent Change: -2.75%

$SHW

Wire20d ago

Vertical Research Adjusts Price Target on General Dynamics to $450 From $405

General Dynamics (GD) has an average rating of overweight and mean price target of $400.75, 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: $388.52, Change: $-4.67, Percent Change: -1.19%

$GD

Mining & Metals20d ago

Curaleaf Holdings to Open New Florida Dispensary in Boynton Beach

Curaleaf Holdings (CURA.TO) will open its new Florida dispensary in Boynton Beach on July 31, it said Wednesday.The new dispensary will bring the cannabis-retailer's footprint to 75 stores in Florida, and to 167 nationwide."Boynton Beach marks our sixth opening in Florida this year, with the state now representing nearly half of our retail footprint," said Chief Executive Officer Boris Jordan.The company's shares were last seen down C$0.54, or 4.4%, to C$11.58 on the Toronto Stock Exchange.Price: $11.56, Change: $-0.56, Percent Change: -4.62%

$CURA.TO$HMMJ.TO

US Markets20d ago

CBIZ Agrees to Go Private in $5 Billion Acquisition Deal

CBIZ (CBZ) agreed to be acquired by accounting and advisory firm Grant Thornton Advisors in an all-cash deal worth about $5 billion, creating one of the largest providers of professional services, tax and advisory services in the US.Shareholders of CBIZ will receive $55 per share in cash, representing a premium of roughly 54% to the professional services advisor's 30-day average price, the companies said in a joint statement on Wednesday.New Mountain Capital, which invested in Grant Thornton Advisors in 2024, will invest "incremental equity" to support the transaction, according to the statement.CBIZ's stock jumped 17% in Wednesday trade, taking its year-to-date gain to 8.3%.Following the transaction, Grant Thornton expects to become the fifth-largest provider of professional services, tax and advisory services in the US, with more than $5 billion in annual domestic revenue. The combined platform will operate across more than 20 countries, with almost $7.5 billion in revenue.The deal, which requires approval from CBIZ's shareholders and clearance from regulators, is expected to close in the fourth quarter. Following completion, the company will be delisted from the New York Stock Exchange."By combining our multinational platform with CBIZ's strong market presence, we're broadening our ability to support businesses through every stage of growth," Grant Thornton Advisors Chief Executive Jim Peko said in a statement. "Together, we'll bring the quality, scope and capabilities clients need to navigate an increasingly complex and rapidly evolving business environment."CBIZ CEO Jerry Grisko seemed to concur with Peko on the transaction enhancing service offerings for clients.Grant Thornton Advisors plans to spin off CBIZ's benefits and insurance services division. CBIZ could evaluate alternative acquisition proposals by Aug. 27.Separately, CBIZ reported second-quarter adjusted earnings of $0.91 per share, down from $0.99 the year before, but ahead of the FactSet-polled consensus of $0.72. Revenue edged down 0.2% to $682.2 million, but missed the Street's view for $698 million.The company withdrew its 2026 outlook in light of its proposed acquisition.Price: $54.70, Change: $+8.00, Percent Change: +17.13%

$CBZ

Commodities20d ago

OGE Operating Expense Rise in Q2

OGE Energy (OGE), the parent company of Oklahoma Gas and Electric Company, reported Wednesday that Q2 2026 operating expenses rose to $302.6 million from $293.9 million for the same quarter in 2025.Fuel, purchased power, and direct transmission expenses declined to $217.7 million from $261.1 million in the second quarter of 2025. Meanwhile, other operation and maintenance expenses increased to $138.7 million from $127.1 million.Depreciation and amortization expenses fell to $138.1 million from $140.6 million in the year-ago quarter, while taxes other than income edged down to $25.8 million from $26.2 million.Price: $48.16, Change: $-1.15, Percent Change: -2.32%

$OGE

Mining & Metals20d ago

S&P/TSX Composite Index Down 470 Points at Midday as the Middle East Conflict Resumes

The S&P/TSX Composite Index was down 470 points at midday Wednesday after President Trump said Tuesday night the United States will hit Iran "hard" for an attempted surprise attack on American forces in the Middle East and Saudi Arabia joined in US strikes against several sites in eastern Iraq.The energy sector is up 3%, boosted by higher oil prices, followed by telecommunications, up 1.5%.Base metals and financials are the worst performers, down 3.2% and 2.5%, respectively.Gold is down 0.7% to $4,070.50, the lowest level since last October.In stocks, Allied Gold (AAUC.TO) is 18% lower, to C$24.24, after it announced the termination of an arrangement agreement with Zijin Gold. Zijin will instead make a strategic investment of $295 million, for a 9.2% equity stake in Allied.Intact Financial (IFC.TO)is down 4% to C$292.64 after it reported lower Q2 earnings that were due to higher catastrophe losses in Canada and large losses mainly due commercial fires in the United Kingdom.

S&P/TSX CompositeS&P/TSX Composite$AAUC.TO$IFC.TO

Wire20d ago

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

Wire20d 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 & Energy20d 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 Markets20d 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 & Metals20d 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 & Energy20d 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.)

Wire20d 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

Wire20d 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 Markets20d 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

Commodities20d 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

Showing 11901-11920 of 75187

Asia Markets20d ago

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

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