On Friday, JMP Securities adjusted its stance on Rush Street Interactive (NYSE:RSI) shares, downgrading the stock from Market Outperform to Market Perform after a recent earnings report. The firm recalibrated its valuation of the company, basing the business\'s worth on updated multiples of future earnings before interest, taxes, depreciation, and amortization (EBITDA) and free cash...
On Friday, DA Davidson shifted its stance on MongoDB (NASDAQ: NASDAQ:MDB), transitioning the stock\'s rating from Neutral to Buy and adjusting the price target upwards to $430 from the previous $405. The revision follows the company\'s after-hours guidance announcement, which indicated a projected year-over-year growth of 13-15% for fiscal year 2025, contrasting with the consensus...
On Friday, Wolfe Research raised its rating for Gates Industrial Corp. (NYSE:GTES) from Peerperform to Outperform on the stock, setting a price target of $20.00. The firm anticipates that the upcoming Gates investor event will follow a similar structure to the one held in March 2022, focusing on growth initiatives, operational excellence, and capital allocation....
(Reuters) - Ratings agency Moody\'s (NYSE:MCO) said on Thursday it had changed the direction of its rating view of New York Community Bancorp (NYSE:NYCB) to \"review for upgrade\" from \"review for downgrade\". The new rating follows the bank\'s announcement on Wednesday that it had raised $1 billion from investors including former U.S. Treasury Secretary Steven...
(Reuters) - UnitedHealth Group (NYSE:UNH) said the electronic prescribing for its pharmacy services is now fully functional, with claims submission and payment transmission also available after cyber attack on its tech unit Change Healthcare (NASDAQ:CHNG) impacted services. UnitedHealth said on Thursday that electronic payment functionality for its payments platform will be available for connection on...
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Broadcom said on Thursday it expects $10 billion in revenue from chips related to artificial intelligence this year, but its stock dipped after the tech company\'s full-year forecast failed to impress investors.Smaller rival Marvell (NASDAQ:MRVL) Technology\'s forecast revenue below market expectations, sending its stock down over 6%...
BEIJING (Reuters) - Chinese state-owned oil and gas giant CNOOC (NYSE:CEO) Ltd has discovered a new reserve in the South China Sea containing over 100 million tons of oil equivalent proved in-place, the company said in a statement on Friday. The reserve is located at CNOOC\'s deepwater Kaiping South oilfield in the Pearl River Delta...
SINGAPORE (Reuters) - Stonepeak, a New York-headquartered alternative investment firm, on Friday said it has raised $3.3 billion for its Stonepeak Asia Infrastructure Fund, its first fund dedicated to Asia. The firm said it exceeded its $3 billion target after receiving \"robust demand from new investors and existing investors in other Stonepeak funds.\" Stonepeak focuses...
Germany\'s factory orders declined sharply in January as major orders came to their normal levels after registering a remarkable growth, official data revealed Thursday. New orders in manufacturing posted a monthly decline of 11.3 percent, in contrast to the 12.0 percent increase in December, Destatis reported. Economists had forecast a 6.0 percent fall. Destatis said...
KUALA LUMPUR (Reuters) - Goodyear Tire & Rubber Co, one of the world\'s largest tire makers, plans to shut down its plant in Malaysia on June 30 - a decision expected to affect more than 500 employees, the company and Malaysia\'s investment promotion agency said. Goodyear said the decision to shutter the plant in the...