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...
LONDON - e.l.f. Beauty (NYSE: NYSE:ELF), a prominent player in the cosmetics industry, has established its first European office in London, marking a strategic move to amplify its international presence. The office is set to serve as a global hub, supporting the company\'s growth ambitions outside the U.S. The company, headquartered in Oakland, California, has...
In their new weekly update, Citi strategists have observed a growing bullish sentiment in global equity markets. Specifically, their analysis reveals that sentiment in all but three of the markets surveyed is above the 85th percentile, indicating a strong consensus towards bullish positions, which have become increasingly one-sided as recent capital inflows further amplify these...
On Tuesday, Edward Jones, a financial services firm, initiated coverage on shares of Goldman Sachs Group Inc. (NYSE:GS) with a Buy rating. The firm has also included Goldman Sachs in its U.S. Stock Focus List and the U.S. Equity Income Buy List, signaling confidence in the investment bank\'s prospects. The analyst at Edward Jones highlighted...
By Elvira Pollina and Paul Sandle MILAN/LONDON (Reuters) - Vodafone (NASDAQ:VOD) will likely hold a minority stake in a combined entity with Swisscom\'s Italian unit Fastweb if a deal is reached on a potential tie-up of their Italian operations, three people familiar with the matter said. Vodafone\'s Chief Executive Margherita Della Valle said earlier this...
By James Davey LONDON (Reuters) - British grocery prices rose this month at their lowest rate since March 2022, as supermarket promotions picked up after a post-Christmas slowdown, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 5.3% in the four weeks to Feb. 18, down 1.5 percentage points from...
-- Zoom Video Communications (NASDAQ:ZM) has reported fourth-quarter results that beat Wall Street estimates thanks to solid demand for its products during a time of increased hybrid working habits. Shares in the video-conferencing software provider (NASDAQ:ZM), which also unveiled plans to buy back up to $1.5 billion of its Class A common stock, rose sharply in...
By Siddharth Cavale NEW YORK (Reuters) -Unionized workers at Kroger (NYSE:KR) and Albertsons (NYSE:ACI) supermarkets on Monday mostly celebrated the U.S. Federal Trade Commission\'s lawsuit to block the retail merger, citing the possibility of lower wages and higher prices at a combined grocery chain. The FTC sued to block Kroger\'s $24.6 billion deal to buy...
By Steve Holland WASHINGTON (Reuters) - Olivia Dalton, the White House principal deputy press secretary and a long-time aide to President Joe Biden, has told senior staff she plans to leave for a senior communications job at Apple (NASDAQ:AAPL.O), two sources told Reuters on Monday. Dalton is expected to leave the White House in mid-March,...