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UBS Upgrades UL Solutions to Buy From Neutral, $110 Price Target

UL Solutions (ULS) has an average rating of overweight and mean price target of $111.76, 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)

$ULS

Research27d ago

Raymond James Downgrades TriCo Bancshares to Market Perform From Outperform

TriCo Bancshares (TCBK) has an average rating of hold and mean price target of $60.21, 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)

$TCBK

Asia Markets27d ago

Earnings, CPI, Persian Gulf Roil Wall Street Pre-Bell; Asia Up, Europe Off

Wall Street futures were mixed pre-bell Tuesday as tech shares somewhat recovered from Monday's rout, but as investors also awaited a pending inflation report, and kept eyes peeled for fresh Persian Gulf hostilities.Earnings season debuts in pre-bell hours with many financial giants reporting, including JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC), and Citigroup (C).In the futures, the S&P 500 fell 0.1%, the Nasdaq advanced 0.4%, and the Dow Jones was off 0.4%.West Texas Intermediate crude oil traded up 3.7% at $81.13 in morning action.The VanEck Semiconductor ETF (SMH) gained 1.8% pre-bell.On the earnings scene, Wells Fargo traded up 1.5% pre-bell after Q2 results topped expectations, while Bank of America rose 0.2%, also after beating outlooks.JPMorgan Chase (JPM) traded down 1.5% in early action despite a strong Q2 earnings report, although some gains were one-offs, and the big bank kept guidance unchanged.After digesting earnings, traders will look forward to the consumer price index (CPI) report for June, slated for an 8:30 am ET release in WashingtonAlso in the Capitol, new Federal Reserve Chair Kevin Warsh will deliver his first semi-annual monetary policy report to the House Financial Services Committee, starting at 10 am ET.Asian exchanges traded mostly higher overnight on AI- and semiconductor-sector recovery rallies, and after mainland China reported strong June international trade figures.European bourses tracked moderately lower at midday on the continent.Federal Reserve Governors Lisa Cook, Michael Barr, Michelle Bowman, and Chicago President Austan Goolsbee are slated to speak on Tuesday.In pre-market action, Bitcoin traded at $62,593, and 10-year US Treasuries offered 4.62%. Spot gold commanded $4,016 an ounce.

Dow JonesNasdaq CompositeS&P 500

Research27d ago

Piper Sandler Upgrades Patterson-UTI Energy to Overweight From Neutral, Price Target is $13

Patterson-UTI Energy (PTEN) has an average rating of overweight and mean price target of $13, 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)

$PTEN

Commodities27d ago

Market Chatter: Grasim Industries Unit Set to Obtain $1.5 Billion Loan from Mitsubishi UFJ Financial

A unit of Grasim Industries (BOM:500300,NSE:GRASIM), owned by Aditya Birla Group, is set to obtain a $1.5 billion loan from Mitsubishi UFJ Financial Group (TYO:8306), Bloomberg reported citing people familiar with the matter.Aditya Birla Renewables reportedly plans to use the funding to acquire Shell's Solenergi Power, which owns the Sprng Energy group of companies.The acquisition, for which a deal was signed Monday, will add a 5-GWp contracted capacity to Aditya's renewables business.The loan will have an interest rate of around SOFR+1.6% and a term of five years, according to the report, citing the people.Mitsubishi UFJ Financial and Aditya Birla Group did not immediately respond to' requests for a 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.)

BOM:500300NSE:GRASIMTYO:8306

Asia27d ago

CIG ShangHai Expects H1 Profit to Rise up to 197%

CIG ShangHai Co (SHA:603083, HKG:6166) expects attributable net profit for the first half of 2026 to increase by 157% to 197% year over year to 310.3 million yuan to 359.3 million yuan, according to a Tuesday Hong Kong bourse filing.The optical communications equipment maker attributed the expected increase to strong growth in its high-speed optical module business.

HKG:6166SHA:603083

Asia27d ago

CSC Financial Forecasts Up to 80% Surge in H1 Profit

CSC Financial (SHA:601066, HKG:6066) expects an attributable profit of between 7.21 billion yuan and 8.12 billion yuan for the first half of 2026, up 60% to 80% from 4.51 billion yuan a year prior.The securities company attributed the forecast to development in all its business segments and a boost in its operating results.

HKG:6066SHA:601066

Research27d ago

UBS Upgrades FuelCell Energy to Buy From Neutral, Adjusts Price Target to $27 From $22

FuelCell Energy (FCEL) has an average rating of Hold and mean price target of $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)

$FCEL

Research27d ago

BofA Securities Downgrades Sylvamo to Neutral From Buy, Price Target is $45

$SLVM

Research27d ago

BofA Securities Downgrades O-I Glass to Underperform From Buy, Price Target is $11

O-I Glass (OI) has an average rating of overweight and mean price target of $12.67, 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)

$OI

Mining & Metals27d ago

Zacatecas Silver to Raise up to C$2.5 Million in Private Placement of Units

Zacatecas Silver (ZAC.V) plans to raise up to C$2.5 million in a non-brokered private placement of units, the company said on Tuesday.Each unit will be priced at C$0.07 and will consist of one share and one two-year share purchase warrant to buy a share at C$0.09.Proceeds will fund Zacatecas' maiden drill program at the Oso Negro project in Sonora, Mexico. The company has identified 20 drill pad locations at Oso Negro and completed the ecological studies required to apply for a drill permit.

$ZAC.V

Mining & Metals27d ago

Mattr Says Q2 Preliminary Revenue Rises

Mattr (MATR.TO) expects Q2 consolidated revenue of C$390 million to C$400 million, it said late Monday.The consensus compiled by FactSet is for C$330.6 million. A year ago, Mattr reported Q2 revenue of C$321 million, a year earlier.Mattr also expects consolidated adjusted EBITDA for the three-month period ended June 30 of C$60 million to C$65 million."Order capture across our wire and cable markets was stronger than previously anticipated, while continued operational efficiency improvements across our modernized manufacturing network, particularly within our Xerxes tank business, enabled more rapid fulfillment of customer orders, resulting in preliminary second quarter revenue and adjusted EBITDA which exceed management's prior expectations," said Chief Executive Mike Reeves.The company expects to release its complete Q2 2026 financial results on Aug. 12.Shares of the company closed up 2.1% to C$13.92 on Monday on the Toronto Stock Exchange.

$MATR.TO

Research27d ago

BofA Securities Downgrades International Paper to Neutral From Buy, Price Target is $41

International Paper (IP) has an average rating of overweight and mean price target of $42.50, 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)

$IP

Research27d ago

BMO Capital Initiates RXO at Outperform With $35 Price Target

RXO (RXO) has an average rating of hold and mean price target of $24.35, 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)

$RXO

Research27d ago

Evercore ISI Initiates SpaceX at Outperform With $230 Price Target

SpaceX (SPCX) has an average rating of overweight and mean price target of $241.80, 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)

$SPCX

Research27d ago

Stifel Initiates Arrowhead Pharmaceuticals at Buy With $98 Price Target

Arrowhead Pharmaceuticals (ARWR) has an average rating of buy and mean price target of $91.82, 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)

$ARWR

Research27d ago

Roth Capital Initiates Ambiq Micro at Buy With $125 Price Target

Ambiq Micro, Inc. (AMBQ) has an average rating of overweight and mean price target of $81.67, 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)

$AMBQ

Equities27d ago

Metzler Forecasts 'Solid' Q2 Results for Knorr-Bremse; Buy Rating Maintained

Metzler Capital Markets maintained its investment case for Knorr-Bremse (KBX.F), saying it expects the German braking systems manufacturer to report a "solid" second-quarter performance and confirm its full-year 2026 outlook on July 30."We believe that Q2/26e will be another solid quarter, characterized by an order intake of EUR 2,149 m (+2% YoY, -4% QoQ), a book-to-bill ratio >1 in both divisions, sales of EUR 2,047 m (+6% QoQ), an adj. EBIT of EUR 289 m (+11% QoQ), and an expansion of the margin by 70bps QoQ to 14.1%. Moreover, we believe that in Q2/26e KB did not experience any material direct (sales exposure Middle East: Alongside the results, the research firm expects Knorr-Bremse to release a new midterm strategy focused on growth initiatives, even as cost management remains a core priority.Analysts forecast the group will aim for 4% to 5% annual organic sales growth and an adjusted EBIT margin of between 15.5% and 16.0% by 2029 or 2030, driven by anticipated margin expansions within its core divisions.Metzler still rates the stock at buy, with an unchanged price target of 124 euros.

$KBX.F

Mining & Metals27d ago

Orezone Gold Posts Surge in Q2 Production After Casa Berardi Mine Acquisition

Orezone Gold (ORE.TO) reported second-quarter gold production of 58,566 ounces, a jump from 27,548 ounces in the year-ago quarter.Sales during the quarter were 60,654 ounces, up from 28,265 ounces in the year-ago period, the company reported Tuesday.Orezone acquired the Casa Berardi mine in Quebec in March, adding to production from the Bombore mine, which was brought into production in 2022.

$ORE.TO

Asia27d ago

P.A. Resources Renews Master Supply Deal Worth $322 Million

P.A. Resources (KLSE:PA) renewed a master supply deal with First Solar, First Solar Malaysia, and First Solar Vietnam Manufacturing, valued at $322.2 million.The contract runs from July 1, 2026, to Dec. 31, 2027, according to a Tuesday Malaysian bourse filing.The company said the agreement is expected to contribute positively to earnings.The renewal follows a series of extensions since the original supply agreement was signed in 2018, it said.

KLSE:PA

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