- European stock markets traded largely unchanged Tuesday, struggling for direction as investors wait on inflation data that could impact the course for interest rates. At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.1% higher, the FTSE 100 in the U.K. gained 0.1%, while the CAC 40 in France fell 0.1%. Caution...
On Tuesday, Jefferies made a minor adjustment to its stance on Agiliti Inc (NYSE:AGTI), downgrading the medical equipment stock from Buy to Hold and setting a new price target of $10.00, a slight decrease from the previous $10.50. The downgrade was prompted by news that THL Partners, Agiliti\'s majority shareholder, had reached an agreement to...
On Tuesday, Jefferies initiated coverage on Open Text (NASDAQ:OTEX) Corporation (NASDAQ:OTEX) by assigning the stock a Buy rating and establishing a price target of $45.00. The firm anticipates that Open Text will achieve low single-digit organic revenue growth and incremental margin expansion. These factors are expected to contribute to the scaling of free cash flow...
By Linda Pasquini (Reuters) -Puma on Tuesday said it expects a weak first half of the year in a challenging market for sportswear, but shares in the German sportswear brand climbed as it kept its dividend and stuck to the annual targets it set in January. Sportswear companies including Adidas (OTC:ADDYY), Nike (NYSE:NKE), and Puma,...
FALLS CHURCH, Va. – Lynk Global, Inc., a leader in satellite-direct-to-mobile communications, has signed a contract with Turkcell, Turkiye\'s largest mobile operator, to initiate Sat2Phone services. The partnership aims to enhance network resilience and extend mobile coverage throughout Turkiye, benefiting residents, businesses, and tourists. Turkcell, which has been dual-listed on the New York Stock Exchange...
(Reuters) - European shares moved slightly higher on Tuesday, led by gains in basic resources shares and upbeat earnings, while investors and central bankers await inflation data this week that could alter the course for interest rates. The pan-European STOXX 600 was up 0.1% by 8:21 GMT. Basic resources shares led sectoral gains, with a...
On Tuesday, Morgan Stanley initiated coverage on Fractyl Health Inc (NASDAQ:GUTS) with an Overweight rating, accompanied by an $18.00 price target. The firm\'s analysis indicates a positive outlook for the company\'s innovative treatments in the diabetes and obesity sectors, which are seen as markets with significant unmet needs. The coverage by Morgan Stanley highlights the...
On Tuesday, Jefferies began coverage on shares of Alto Neuroscience (NYSE: ANRO), assigning a Buy rating and setting a price target of $33.00. The firm\'s coverage comes with an optimistic view on the company\'s growth prospects, highlighting its development of proprietary biomarkers linked to a series of oral drugs aimed at treating central nervous system...
On Tuesday, Piper Sandler shifted its stance on Unity Software (NYSE:U), moving from an Underweight to a Neutral rating, while also adjusting the price target for the shares to $30.00 from the previous $35.00. The revision comes after recognizing a significant downturn in the company’s year-to-date performance, with shares falling by 35%, in contrast to...
On Tuesday, Morgan Stanley adjusted its stance on shares of Unilever (LON:ULVR) plc (NYSE:UL), downgrading the stock from Equalweight to Underweight. In conjunction with this change, the firm also reduced the price target for the company\'s shares to $48 from the previous target of $52. According to the investment firm, while Unilever\'s management strategy appears...