Adidas (OTC:ADDYY) saw its shares slip 1.4% in Frankfurt trading Wednesday after the company released its financial results for the fiscal fourth quarter and warned of a sales decline in 2024. For the fiscal Q4, the sportswear and footwear maker reported a loss per share of €2.13, compared to a loss per share of €2.87...
On Wednesday, Citi adjusted its outlook on Kohl\'s Corp (NYSE:KSS), reducing the retailer\'s shares price target to $24 from the previous $27, while maintaining a Neutral rating on the stock. The revision follows Kohl\'s fourth-quarter earnings, which surpassed expectations on earnings per share (EPS) due to improved gross margins and overhead cost management. However, concerns...
HONG KONG (Reuters) -Cathay Pacific reported its first annual profit in four years as the airline left behind the pandemic-linked restrictions that drove heavy losses and layoffs, pushing its shares to a four-year high. Hong Kong\'s flagship airline said on Wednesday it earned a net profit of HK$9.79 billion ($1.25 billion) in 2023, above the...
On Wednesday, Stifel, a financial services company, revised its price target for shares of International Game Technology (NYSE:IGT), a global gaming company. The price target has been reduced to $26.00 from the previous $30.00 while maintaining a Hold rating on the stock. The adjustment follows International Game Technology\'s latest quarterly results, which showed a 2%...
On Wednesday, Wells Fargo issued a downgrade for Tesla (NASDAQ:TSLA) shares, moving its rating from Equal Weight to Underweight. The firm also adjusted the electric vehicle company\'s price target to $125 from the previous $200. The downgrade stems from concerns over Tesla\'s volume growth and the diminishing impact of price reductions on sales. The analyst...
By Paritosh Bansal (Reuters) -A proposal by global regulators to change how the largest banks report key risk metrics at the end of the year could deal a blow to their U.S. short-term funding businesses, the latest salvo in a battle over tighter capital rules. The largest global banks are required to hold more capital...
Asian stocks ended mixed on Tuesday following sluggish overnight cues from Wall Street and Europe. The upside, if any, remained capped before key U.S. inflation data out later in the day that might offer some clarity over the path of interest rates. The dollar steadied and gold slipped from record highs while oil prices rose...
On Wednesday, TRI Pointe Homes (NYSE:TPH) received an upgrade in its stock rating by RBC Capital, moving from Sector Perform to Outperform. The firm has also set a new price target for the homebuilder\'s shares at $38.00. The upgrade is based on an optimistic view of the company\'s pricing outlook, as indicated by RBC ElementsTM...
German stocks traded slightly higher on Tuesday after final data from Destatis revealed that German inflation eased in February as initially estimated. The consumer price inflation slowed to 2.5 percent in February from 2.9 percent in January on weaker energy and food prices. The last time inflation was lower was in June 2021, when it...
French teenagers are more likely to invest in crypto than older citizens in the country, a report has claimed. Franceinfo reported that 15% of French people aged 18-24 years have already taken the crypto plunge. This is much higher than the national average, the outlet claimed. Franceinfo wrote that 9% of French citizens are thought...