On Monday, JPMorgan initiated coverage on Amer Sports Inc. (NYSE:AS) with an Overweight rating and a price target of $19.00, pointing to the company\'s potential for significant growth. The firm highlighted Amer Sports\' strong brand portfolio, particularly the Arc’teryx brand, as a key driver of its optimistic outlook. Amer Sports\' strategic business transformation between fiscal...
On Monday, DA Davidson affirmed a Buy rating on BJ\'s Wholesale Club Holdings, Inc. (NYSE:BJ), with a steadfast price target of $90.00. The firm identified BJ\'s as a standout \"Best-of-Breed Bison\" company, a designation reflecting DA Davidson\'s research methodology for identifying superior, long-term investment opportunities with durable competitive advantages and appealing risk/reward profiles. BJ\'s Wholesale...
On Monday, Roth/MKM initiated coverage on PodcastOne, a leading US podcast network. The firm assigned a Buy rating to the NASDAQ-listed company, with a price target set at $4.50. PodcastOne, known by its ticker NASDAQ:PODC, is notable for being the only pure-play podcast stock in the US market and is majority-owned by LiveOne. The analyst...
Stellantis (NYSE:STLA), the automotive conglomerate that owns brands such as Chrysler, Jeep, and Fiat under its belt, announced a major partnership with Ayvens, a French leasing and fleet management company. The agreement, valued at several billion euros, entails the sale of up to 500,000 vehicles to Ayvens over the next three years, marking a significant...
By Mayu Sakoda and Rocky Swift TOKYO (Reuters) -Japan\'s Asahi Group Holdings is on the hunt for acquisition targets in the United States and elsewhere to quadruple overseas sales of its flagship Super Dry beer by 2030, its chief executive said. The beverage giant took a step towards that goal last month when it said...
On Monday, Ascendiant Capital initiated coverage of LiqTech International (NASDAQ:LIQT), a Danish industrial firm specializing in advanced environmental filtration solutions. The analyst assigned a Buy rating to the stock with a price target of $5.15. LiqTech\'s core business revolves around their proprietary silicon carbide ceramic filters and associated systems, targeting a broad range of applications...
(Reuters) - European shares opened lower on Monday, as greenback-priced commodities lost their appeal on a firmer U.S. dollar, while investors braced for key inflation data expected this week from the euro zone and the United States. The pan-European STOXX 600 was down 0.2% by 0823 GMT, following a record-high close for the broader European...
On Monday, JMP Securities updated its outlook on Booking Holdings (NASDAQ:BKNG), increasing the price target to $3,950 from the previous $3,600 while maintaining a Market Outperform rating. This adjustment follows Booking Holdings\' release of its fourth-quarter earnings, which showed revenue and adjusted EBITDA slightly above consensus estimates. Despite softer-than-expected guidance due to normalizing travel demand,...
Goldman Sachs strategists said in a Monday note that their positioning and sentiment indicator has seen a further increase, now sitting well above the 60th percentile, indicating a continued trend towards a bullish sentiment among investors. The strategists highlighted that several indicators, including surveys and CFTC futures positioning, which had already shown a strong bullish...
By Gilles Guillaume GENEVA (Reuters) - Renault (EPA:RENA) unveiled its highly anticipated new electric R5 on Monday at the Geneva Motor Show, a model directly inspired by its 1972 bestseller that the French automaker hopes will bring a major boost to its electric vehicle sales. The small sedan, promised in 2021 as part of Renault\'s...