- European stock markets traded in subdued fashion Friday, as investors awaited the release of the widely-watched monthly U.S. jobs report in the latest European Central Bank meeting. At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.2% lower, the FTSE 100 in the U.K. dropped 0.2%, while the CAC 40 in France...
On Friday, JPMorgan adjusted its stance on Hess Midstream Partners LP (NYSE:HESM), downgrading the stock from Overweight to Neutral, while increasing the price target to $27 from $25. The revision followed Hess (NYSE:HES) Midstream\'s recent performance, which, despite falling slightly short of fourth-quarter expectations, saw the company forecast stronger-than-anticipated earnings for 2024. Hess Midstream\'s guidance...
On Friday, Stifel, a financial services firm, adjusted its stance on ALX Oncology shares, downgrading the biopharmaceutical company from a \"Buy\" to a \"Hold\" rating. The firm also increased the price target for ALX Oncology (NASDAQ:ALXO) to $14.00, up from the previous target of $10.00. The revision comes as the analyst assesses the market potential...
On Friday, JPMorgan has upgraded shares of General Electric (NYSE:GE) from Neutral to Overweight and has increased the price target to $180 from the previous $166. The firm recognizes GE\'s significant outperformance in the market year-to-date, acknowledging that while the move may seem counterintuitive after such a strong rally, they believe the company\'s fundamental strengths...
The ongoing rally in the US equity market is being led by its biggest players, with the top 10 US stocks now comprising 33% of the S&P 500\'s market cap, driving the index up by 30% over the past year. However, this concentration has caused concern among investors, particularly about the substantial market concentration relative...
On Friday, Roth/MKM began coverage on shares of Newpark Resources (NYSE:NR), assigning a Buy rating and setting a price target of $10.00. The firm\'s analysis forecasts significant growth for Newpark\'s Industrial Solutions segment, anticipating an organic expansion rate of 10% annually in the coming years. This growth is expected to be fueled by the rising...
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...