Financial News · Live Terminal

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Piper Sandler Adjusts Mondelez International Price Target to $66 From $65

Mondelez International (MDLZ) has an average rating of overweight and mean price target of $67.17, according to analysts polled by FactSet.Price: $59.73, Change: $-1.06, Percent Change: -1.74%

$MDLZ

Commodities36d ago

Kolibri Global Energy Expands Oklahoma Drilling Strategy, Updates 2026 Outlook

Kolibri Global Energy (KGEI) said Monday that it expanded its long-term drilling strategy and updated its 2026 outlook by targeting additional formations across its Tishomingo field.Rather than concentrating primarily on the Lower Caney, the company will also develop the False Caney, Upper Caney, T-zone, and Sycamore benches while continuing drilling in the Lower Caney.Kolibri added a False Caney well to its 2026 drilling schedule. The company expects to target the Upper Caney in late 2026 or early 2027 before deciding when to drill the T-zone and potentially test the Sycamore.The company is drilling the three previously announced Clifton Mack wells and will then move the rig to the Lovina 5-8-1H well, a two-mile False Caney lateral where it holds a 98.5% working interest, it added.Unexpected geological conditions prompted Kolibri to redesign and redrill the Clifton Mack 11-14-1HR well, adding casing. The company is applying those findings as it batch-drills the remaining Clifton Mack wells, which it expects to complete in the third quarter.Using an assumed oil price of $70 per barrel, Kolibri forecasts 2026 production of 4,700 to 5,200 barrels of oil equivalent per day, revenue of $78 million to $84 million, and capital expenditures of $39 million to $43 million.Compared with fiscal 2025, the outlook implies production growth of 17% to 30% and revenue growth of 37% to 48%, according to the company.Chief Executive Officer Wolf Regener said the revised outlook reflects the company's broader development strategy, despite lowering its assumed oil price to $70 per barrel from $74 per barrel. He said additional casing increased drilling costs for the Clifton Mack wells, but reservoir pressures encountered there support strong production potential.Price: $4.92, Change: $+0.34, Percent Change: +7.42%

$KGEI

Wire36d ago

Evercore ISI Adjusts TopBuild Price Target to $360 From $438, Maintains In Line Rating

TopBuild (BLD) has an average rating of overweight and mean price target of $473, according to analysts polled by FactSet.Price: $372.00, Change: $-53.52, Percent Change: -12.58%

$BLD

Wire36d ago

Sezzle Seen as Fast Gross Profit Grower, Oppenheimer Says

Sezzle (SEZL) is expected to remain one of the fastest gross profit and adjusted EBITDA growers in coverage, aided by ongoing market share gains, buy-now-pay-later expansion, and steady product innovation, Oppenheimer said in a Monday research note.The company's Q2 is expected to benefit from strong consumer spending and repayment behavior, the investment firm said, adding that potential benefits from tax refunds could fade, while still-elevated fuel prices could weigh on future discretionary spending.Sezzle appears to be on track to submit an application for a national bank charter in the coming weeks, though Oppenheimer views the bank charter as a 2027 event. The charter could enable deposit-gathering capabilities, potentially lowering funding costs and allowing for additional product offerings.The brokerage said it sees room for the company to again raise its full-year earnings per share guidance and that the recent strength in the stock suggests investors are already pricing in potential 2026 EBITDA outperformance.Oppenheimer lowered its rating to perform from outperform based on the company's current valuation.Price: $172.40, Change: $+1.84, Percent Change: +1.08%

$SEZL

Commodities36d ago

EU Backs $459 Million Spanish Support for Road Transport Amid Fuel Surge

The European Commission said on Monday it had approved a 402 million euros ($459 million) Spanish state aid scheme to help road transport companies offset higher fuel costs linked to the Middle East conflict.The scheme, notified by Spain and cleared under the EU's Middle East Crisis Temporary State Aid Framework, will provide direct grants to companies in the road haulage sector affected by elevated fuel prices between March and December 2026.Under the program, firms eligible for Spain's existing diesel tax refund for professionals may receive support covering up to 70% of additional fuel costs incurred between Mar. 1 and Jun. 30, 2026.For companies not eligible for that tax refund, aid will either be capped at 50,000 euros per firm or cover up to 70% of extra fuel costs incurred through Dec. 31.The Commission said the METSAF, adopted on Apr. 29, offers a temporary framework that allows EU governments to support sectors most exposed to the crisis, including agriculture, fisheries, transport, and energy-intensive industries. It will remain in force until Dec. 31.The EU executive arm said the framework is intended to help shield vulnerable sectors from immediate shocks while longer-term decarbonization efforts continue, adding that it would keep the framework under review as developments in the Middle East unfold.

Wire36d ago

Sunshine Silver Mining Likely to Pursue Upsized Concentrator in Silver Mine, Morgan Stanley Says

Sunshine Silver Mining & Refining (SSMR) is expected to pursue an upsized 2 ktpd concentrator, considering the presence of significant under-explored areas within the existing complex that have yielded "promising" drill results, Morgan Stanley said in a note Monday.The investment firm said the company's existing resource base has about 104 million ounces of measured and indicated silver and roughly 160 million ounces of inferred silver, which underpin a 24-year life-of-mine in its preliminary economic assessment under a 1 ktpd concentrator scenario.Morgan Stanley said that it expects mine life of 12 years and 18 years in its base case and bull case scenarios, respectively, at the up-sized 2 ktpd levels.Unsuccessful drilling campaigns or poor resource-to-reserves conversion would shorten the life-of-mine or result in the company not pursuing an upsized concentrator, according to the note.Morgan Stanley initiated coverage on the stock with an overweight rating and a $23 price target.Price: $13.47, Change: $+0.05, Percent Change: +0.37%

$SSMR

Wire36d ago

Bristol Myers' CELMoD Franchise Remains Underappreciated Ahead of Iberdomide Decision, RBC Says

Bristol Myers Squibb's (BMY) CELMoD franchise remains underappreciated, with confidence building ahead of the Aug. 17 Food and Drug Administration decision on iberdomide, RBC Capital said in a Monday note.Management expects iberdomide to replace certain existing multiple myeloma regimens and highlighted data supporting accelerated approval, while also pursuing a filing for mezigdomide based on positive progression-free survival results from the SUCCESSOR-2 study, the analysts said.Bristol Myers management believes CELMoDs offer advantages over bispecific therapies through oral dosing, familiar safety profiles and broader use in community settings, while complementing CAR-T therapies through a different mechanism of action, RBC said.RBC also highlighted golcadomide as an overlooked lymphoma opportunity and said consensus estimates may undervalue the CELMoD franchise, with many analysts not yet modeling related revenue despite positive late-stage data.RBC maintained its sector perform rating on the stock with a price target of $60.Price: $57.62, Change: $+0.10, Percent Change: +0.17%

$BMY

Wire36d ago

Goldman Sachs Adjusts Honeywell International Price Target to $552 From $276, Maintains Buy Rating

Honeywell International (HON) has an average rating of overweight and mean price target of $250.72, according to analysts polled by FactSet.Price: $238.12, Change: $-5.29, Percent Change: -2.18%

$HON

Wire36d ago

Quantinuum Seen as Quantum Computing Leader in Early-Stage Industry, Morgan Stanley Says

Quantinuum (QNT) has emerged as one of the strongest companies in quantum computing, backed by its trapped-ion technology, ability to execute its roadmap, and expanding network of commercial and government partnerships, Morgan Stanley said in a note Monday.However, the industry is still in its early stages, with significant uncertainty around technology, commercialization, and competition, the firm said.The firm said no company has yet achieved large-scale fault-tolerant quantum computing, but recent progress in error correction, increased government investment, and more credible industry roadmaps suggest the path toward commercially useful quantum systems is becoming clearer.The firm projects Quantinuum's revenue growth to accelerate with the planned launch of Sol in 2027 and Apollo in 2029, reaching about $2.5 billion by 2030 as Quantinuum captures roughly 25% of a projected $10 billion quantum infrastructure market. The firm also expects earnings before interest, taxes, depreciation, and amortization to turn positive in 2029.Morgan Stanley initiated coverage of Quantinuum with an equalweight rating and a $78 price target.Price: $72.12, Change: $-3.45, Percent Change: -4.57%

$QNT

Commodities36d ago

Blykalla Teams Up with Hitachi Energy on Modular Nuclear Reactors

Advanced nuclear technology developer Blykalla and power equipment maker Hitachi Energy have signed a strategic collaboration agreement to develop grid integration and electrical infrastructure for Blykalla's next-generation advanced modular reactors, Blykalla said in a statement on Monday.The memorandum of understanding covers joint work on reactor grid connections, on-site electrical systems, digital monitoring, and standardized designs to support large-scale deployment of Blykalla's lead-cooled reactors in Europe and the US.The companies said they will also develop integrated energy solutions targeting customers with large, continuous power needs, including data centers and energy-intensive industries.Blykalla is developing lead-cooled advanced modular reactors, a type of small modular reactor designed to provide low-carbon baseload electricity.

Commodities36d ago

US Refining Capacity Falls in 2025 After Major Plant Closures, EIA Says

US refinery capacity fell in 2025 as the permanent closure of two major plants outweighed marginal efficiency gains across the industry, Energy Information Administration strategists said in a note on Monday.EIA analysts said operable atmospheric distillation capacity totaled 18.2 million barrels per calendar day as of Jan. 1. The figure represents a decline of more than 250,000 b/cd, or about 1%, compared with the same period a year earlier, the analysts said.The contraction leaves the US with 130 operable refineries, two fewer than in 2025.The EIA said the decline was driven by the shutdown of two refineries in 2025, including a 263,776-b/d facility in Houston operated by LyondellBasell (LYB) and a 138,700-b/d refinery in Los Angeles owned by Phillips 66 (PSX).Combined, the two closures removed about 400,000 b/d of capacity from the market.However, the agency said incremental capacity expansions and process improvements at existing refineries partially offset the reduction. The EIA identified 130 operable refineries in the US as of Jan. 1, down from 132 a year earlier.The closure of the Phillips 66 Los Angeles facility represented a 5% reduction in refining capacity on the US West Coast, within the Petroleum Administration for Defense District 5.The EIA said that while Valero Energy's (VLO) 145,000-b/d Benicia refinery in California remained operational as of Jan. 1, the facility has since ceased refining operations and was removed from the agency's monthly capacity estimates beginning in March 2026.The closure of the LyondellBasell refinery, by contrast, represented a smaller proportional impact on the US Gulf Coast refining system, accounting for about 3% of capacity in PADD 3, where refining output exceeds regional fuel demand.Overall Gulf Coast refining capacity declined by less than 2% in 2025 after accounting for capacity additions elsewhere in the region, the EIA said.The agency said that the three largest US refiners, Marathon Petroleum (MPC), Valero Energy and Exxon Mobil (XOM), each reported calendar-day capacity increases of less than 1% compared with 2025, reflecting what it described as small-scale operational improvements rather than major expansion projects.Phillips 66 recorded an overall decline in capacity following the closure of its Los Angeles facility.Meanwhile, Chevron (CVX) overtook PBF Energy (PBF) to become the fifth-largest US refiner after posting modest capacity gains.Motiva Enterprises' Port Arthur refinery in Texas retained its position as the largest US refinery by calendar-day capacity at 656,000 b/d, while Marathon Petroleum's Galveston Bay refinery remained the country's largest on a stream-day basis, with a capacity of 678,000 barrels per stream day.Price: $177.06, Change: $+5.41, Percent Change: +3.15%

$MPC$PSX$VLO$XOM

Wire36d ago

Definitive Healthcare Faces Rising Competitive Pressures, BofA Says

Definitive Healthcare (DH) is facing intensifying competitive pressures as healthcare data market becomes increasingly commoditized, BofA Securities said in a Monday note.The report said the data market is also partially accessible via AI, which is likely to drive pricing compression and weakening retention, particularly in the Life Sciences business."While shares of DH are currently cheap and cash flow is positive, we see elevated risk for customer losses and believe continued investment is a requirement to reignite revenue growth," the note said.BofA downgraded the stock to underperform from buy, and cut its price objective to $0.70 from $3.50 as it lowered its revenueand free cash flow expectations.Price: $0.73, Change: $+0.07, Percent Change: +10.30%

$DH

Wire36d ago

Liftoff Mobile May Gain Share in In-app Ad Market, But Valuation Seems Fair, Morgan Stanley Says

Liftoff Mobile (LFTO) may see share gains in the in-app ad market due to its non-gaming leadership and strong technology, Morgan Stanley said Monday in a note to clients.The company has a path to revenue growth and continued margin expansion, the investment firm, adding, however that its valuation is already fair and investors should wait for a better entry point.Morgan Stanley said it sees Liftoff's revenue growing at an about 20% compound annual growth rate through 2027 backed by a mix of "model improvements, continued expansion outside of gaming,and market growth."Also, while mobile gaming is still an important part of Liftoff's business, over 50% of the company's ad revenue now comes from non-gaming verticals like finance, commerce, entertainment, and others, the investment firm said.Morgan Stanley also noted Liftoff is operating inside a $79 billion independent in-app advertising market, which is under-monetized when compared with other advertising channels.Morgan Stanley initiated Liftoff with an equal-weight rating and $30 price target.Price: $27.04, Change: $-0.35, Percent Change: -1.28%

$LFTO

Mining & Metals36d ago

Avante Jumps 23% as Target Park Group Selects Its MAST System to Provide Real-Time Security

Avante (XX.V) on Monday said Target Park Group, a commercial parking operator with over 700 locations across Canada and the US, picked Avante's mobile automated surveillance tower (MAST) platform to deliver real-time security for its above-ground parking portfolio.MAST is designed for remote and high-risk environments. It is powered by solar energy with generator backup and provides autonomous surveillance and real-time threat detection."This agreement with Target Park reflects exactly the kind of partnership MAST was built for. We are not simply providing security, we are laying the groundwork for a smarter, technology-enabled operation. The ability to begin with a security mandate and evolve into automated parking services is a compelling demonstration of MAST's scalability and the recurring value it can deliver to operators like Target Park," chief executive Emmanuel Mounouchos said in a release.Avante shares were last seen up 23% to $1.58 on the TSX Venture Exchange.Price: $1.58, Change: $+0.30, Percent Change: +23.44%

$XX.V

Wire36d ago

Susquehanna Adjusts Applied Materials Price Target to $900 From $575, Maintains Positive Rating

Applied Materials (AMAT) has an average rating of buy and mean price target of $577.78, according to analysts polled by FactSet.Price: $685.06, Change: $+58.22, Percent Change: +9.29%

$AMAT

Wire36d ago

Innio Seen Benefiting From Data Center On-Site Power Boom, Morgan Stanley Says

Innio Group (INIO) is positioned to benefit from rising demand for on-site power at data centers with its high-speed reciprocating natural gas engines expected to drive strong revenue growth and margin expansion, Morgan Stanley said Monday in a report, initiating coverage of the stock with an overweight rating.Innio is one of the largest manufacturers of high-speed reciprocating engines, among the most attractive on-site power solutions for data centers due to their favorable economics, fuel efficiency, rapid deployment and modular design, Morgan Stanley said. The company also benefits from its Jenbacher brand, multiyear order backlog and global service network, the report said.Morgan Stanley forecasts 24% revenue compound annual growth rates and 36% EBITDA CAGR from 2026 through 2030 as shipments increase to 9.2 gigawatts, adding that the stock does not fully reflect Innio's long-term growth prospects, pricing power and ability to maintain its leadership in the engine market.Morgan Stanley has a $47 price target on Innio shares.Price: $35.66, Change: $-1.63, Percent Change: -4.37%

$INIO

Mining & Metals36d ago

Earthworks Industries Closes Acquisition of Critical Minerals Recycling and Recovery System

Earthworks Industries (EWK.V) on Monday closed the acquisition of a Critical Minerals Recycling and Recovery System from Wokaura Art & Innovations.The company issued two-million shares to Wokaura, subject to a 4-month hold period.It also issued one-million shares into escrow that will be released to Wokaura one year from the date of TSX Venture Exchange approval, and one-million shares that will be released two years from the date of TSX Venture Exchange approval, stated Earthworks.The TSX Venture Exchange approval was received on May 14, it added."Earthworks will now move forward to secure its first location, procure equipment, source feedstock, obtain any requisite permitting, align strategic partnerships, and complete pilot facility development activities related to its first recycling operation," Earthworks said.The company's shares were last seen unchanged at C$0.035 on the TSX Venture Exchange.

$EWK.V

Insider Trading36d ago

Community Financial System Insider Sold Shares Worth $816,786, According to a Recent SEC Filing

Mark J. Bolus, Director, on June 25, 2026, sold 12,191 shares in Community Financial System (CBU) for $816,786. Following the Form 4 filing with the SEC, Bolus has control over a total of 125,946 common shares of the company, with 94,060 shares held directly and 31,886 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/723188/000072318826000104/xslF345X05/form4.xmlPrice: $67.14, Change: $-0.33, Percent Change: -0.50%

$CBU

Wire36d ago

Alkermes Faces Risk on Orexin-Related Value From Upcoming Updates, BofA Says

Alkermes (ALKS) stock has been re-rated following a recent orexin-peer takeout, but upcoming orexin updates risk eroding newly ascribed orexin-related value, BofA Securities said in a research note Monday.ALKS largely trades on data points informing the commercial opportunity for its phase 2 and phase 3 pipeline asset orexin in hypersomnolent disorders, the brokerage said.The firm said possible negative catalysts include Alkermes' phase 2 Vibrance-3 data in idiopathic hypersomnia, reading out late 2026 or early 2027.BofA sees idiopathic hypersomnia as a risky segment in the broader hypersomnia market, as competition from Takeda Pharmaceutical's (TAK) phase 2 data for TAK-360 in narcolepsy type 2 and idiopathic hypersomnia could reinforce the narrative that the market is crowded. Key opinion leaders have also flagged lower unmet need for another wake promoter, and BofA sees profit and loss risk as well, according to the note.BofA downgraded Alkermes to underperform from neutral with a price target of $38.Price: $52.85, Change: $-2.23, Percent Change: -4.05%

$ALKS

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Commodities36d ago

US Refining Capacity Falls in 2025 After Major Plant Closures, EIA Says

$MPC$PSX$VLO$XOM

Financial News · Live Terminal

Top Midday Stories: Comcast Plans to Separate Into Two Publicly Traded Companies; Rocket Lab to Acquire Iridium in $8 Billion Deal

Piper Sandler Adjusts Mondelez International Price Target to $66 From $65

Kolibri Global Energy Expands Oklahoma Drilling Strategy, Updates 2026 Outlook

Evercore ISI Adjusts TopBuild Price Target to $360 From $438, Maintains In Line Rating

Sezzle Seen as Fast Gross Profit Grower, Oppenheimer Says

EU Backs $459 Million Spanish Support for Road Transport Amid Fuel Surge

Sunshine Silver Mining Likely to Pursue Upsized Concentrator in Silver Mine, Morgan Stanley Says

Bristol Myers' CELMoD Franchise Remains Underappreciated Ahead of Iberdomide Decision, RBC Says

Goldman Sachs Adjusts Honeywell International Price Target to $552 From $276, Maintains Buy Rating

Quantinuum Seen as Quantum Computing Leader in Early-Stage Industry, Morgan Stanley Says

Blykalla Teams Up with Hitachi Energy on Modular Nuclear Reactors

US Refining Capacity Falls in 2025 After Major Plant Closures, EIA Says

Definitive Healthcare Faces Rising Competitive Pressures, BofA Says

Liftoff Mobile May Gain Share in In-app Ad Market, But Valuation Seems Fair, Morgan Stanley Says

Avante Jumps 23% as Target Park Group Selects Its MAST System to Provide Real-Time Security

Susquehanna Adjusts Applied Materials Price Target to $900 From $575, Maintains Positive Rating

Innio Seen Benefiting From Data Center On-Site Power Boom, Morgan Stanley Says

Earthworks Industries Closes Acquisition of Critical Minerals Recycling and Recovery System

Community Financial System Insider Sold Shares Worth $816,786, According to a Recent SEC Filing

Alkermes Faces Risk on Orexin-Related Value From Upcoming Updates, BofA Says

Top Midday Stories: Comcast Plans to Separate Into Two Publicly Traded Companies; Rocket Lab to Acquire Iridium in $8 Billion Deal

Piper Sandler Adjusts Mondelez International Price Target to $66 From $65

Kolibri Global Energy Expands Oklahoma Drilling Strategy, Updates 2026 Outlook

Evercore ISI Adjusts TopBuild Price Target to $360 From $438, Maintains In Line Rating

Sezzle Seen as Fast Gross Profit Grower, Oppenheimer Says

EU Backs $459 Million Spanish Support for Road Transport Amid Fuel Surge

Sunshine Silver Mining Likely to Pursue Upsized Concentrator in Silver Mine, Morgan Stanley Says

Bristol Myers' CELMoD Franchise Remains Underappreciated Ahead of Iberdomide Decision, RBC Says

Goldman Sachs Adjusts Honeywell International Price Target to $552 From $276, Maintains Buy Rating

Quantinuum Seen as Quantum Computing Leader in Early-Stage Industry, Morgan Stanley Says

Blykalla Teams Up with Hitachi Energy on Modular Nuclear Reactors

US Refining Capacity Falls in 2025 After Major Plant Closures, EIA Says

Definitive Healthcare Faces Rising Competitive Pressures, BofA Says

Liftoff Mobile May Gain Share in In-app Ad Market, But Valuation Seems Fair, Morgan Stanley Says

Avante Jumps 23% as Target Park Group Selects Its MAST System to Provide Real-Time Security

Susquehanna Adjusts Applied Materials Price Target to $900 From $575, Maintains Positive Rating

Innio Seen Benefiting From Data Center On-Site Power Boom, Morgan Stanley Says

Earthworks Industries Closes Acquisition of Critical Minerals Recycling and Recovery System

Community Financial System Insider Sold Shares Worth $816,786, According to a Recent SEC Filing

Alkermes Faces Risk on Orexin-Related Value From Upcoming Updates, BofA Says