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...
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...
On Wednesday, Piper Sandler assumed coverage on MidWest One Financial Group, Inc. (NASDAQ:MOFG) with a Neutral rating and a price target of $24.00. The firm set the price target based on 8.5 times the estimated earnings per share (EPS) for the year 2025, noting this valuation is at a discount compared to the 9.1 times...
Shares of Porsche Automobil Holding (POAHY) fell more than 2% in Frankfurt on Wednesday, a day after the carmaker issued a weak profit margin outlook for 2024. The company’s operating profit rose 7.6% to €7.28 billion in 2023, while sales revenue climbed 7.7% year-over-year to €40.53 billion. Porsche proposed a dividend of €2.30 per ordinary...
On Wednesday, Wolfe Research adjusted its outlook on Gates Industrial Corp. (NYSE: NYSE:GTES), increasing the price target to $21 from $20 while maintaining an Outperform rating. The firm\'s decision reflects a positive assessment of the company\'s recent trading update and expectations for future performance. The research firm slightly elevated its first quarter and full-year 2024...
On Wednesday, Wolfe Research adjusted its outlook on Boeing Co (NYSE:BA), reducing the aerospace giant\'s price target from $270 to $260 while reaffirming an Outperform rating. The move reflects a reassessment of the company\'s near-term prospects in light of recent events and market performance. Boeing\'s stock has experienced a significant decline, falling 30% this year,...
Kulicke & Soffa (NASDAQ:KLIC) Industries, Inc. (NASDAQ: KLIC), a global provider of semiconductor packaging and electronic assembly solutions, today announced the cancellation of a previously undisclosed advanced display technology project, referred to as Project W, by one of its strategic customers. This cancellation has led the company to initiate a wind-down of operations related to...
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Recruiter.com Group (NASDAQ:RCRT), a prominent player in the recruitment industry, announced a significant leadership change earlier this week. On Monday, the company confirmed the appointment of Granger Whitelaw as its new Chief Executive Officer and President, following the resignation of Miles Jennings from these roles on March 7, 2024. Jennings, however, will maintain his involvement...