-- Shares of Chinese electric vehicle maker BYD Co Ltd (SZ:002594) rose on Monday after its Chairman and CEO Wang Chuanfu proposed the firm double the size of a planned share buyback. BYD’s Hong Kong shares (HK:1211) rose 1.9%, while the EV maker’s Shenzhen-listed shares rose 2%. BYD’s CEO suggested doubling the amount of A-shares...
(Reuters) - Franco-Italian automaker Stellantis (NYSE:STLA) said on Monday it had reached a multi-billion-euro frame agreement with leasing and fleet management company Ayvens to sell up to 500,000 vehicles across Europe over the next three years. Under the agreement, Ayvens\' affiliates will buy the vehicles for its long-term leasing fleet across Europe, with the first...
By Jamie McGeever ORLANDO, Florida (Reuters) -\"The stock market is not the economy.\" This truism has rarely been more relevant, as the extraordinary boom in a handful of mega tech stocks revs Wall Street up to new all-time highs even as many sectors lag behind and economic growth seems set to decelerate. But at...
- European stock markets slipped lower Monday, starting a new week on a cautious note as investors awaited the release of a series of keenly-awaited inflation cues. At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.1% lower, the CAC 40 in France traded down 0.2% and the FTSE 100 in the U.K....
On Monday, Morgan Stanley demonstrated a positive shift in sentiment towards AvalonBay Communities, Inc. (NYSE:AVB), as the firm upgraded the stock from Equalweight to Overweight. Accompanying the upgrade is a notable increase in the price target, which now stands at $191.50, raised from the previous $175.00. The upgrade was influenced by a series of factors...
On Monday, JPMorgan initiated coverage on Amer Sports Inc. (NYSE:AS) with an Overweight rating and a price target of $19.00, pointing to the company\'s potential for significant growth. The firm highlighted Amer Sports\' strong brand portfolio, particularly the Arc’teryx brand, as a key driver of its optimistic outlook. Amer Sports\' strategic business transformation between fiscal...
On Monday, DA Davidson affirmed a Buy rating on BJ\'s Wholesale Club Holdings, Inc. (NYSE:BJ), with a steadfast price target of $90.00. The firm identified BJ\'s as a standout \"Best-of-Breed Bison\" company, a designation reflecting DA Davidson\'s research methodology for identifying superior, long-term investment opportunities with durable competitive advantages and appealing risk/reward profiles. BJ\'s Wholesale...
On Monday, Roth/MKM initiated coverage on PodcastOne, a leading US podcast network. The firm assigned a Buy rating to the NASDAQ-listed company, with a price target set at $4.50. PodcastOne, known by its ticker NASDAQ:PODC, is notable for being the only pure-play podcast stock in the US market and is majority-owned by LiveOne. The analyst...
Stellantis (NYSE:STLA), the automotive conglomerate that owns brands such as Chrysler, Jeep, and Fiat under its belt, announced a major partnership with Ayvens, a French leasing and fleet management company. The agreement, valued at several billion euros, entails the sale of up to 500,000 vehicles to Ayvens over the next three years, marking a significant...
By Mayu Sakoda and Rocky Swift TOKYO (Reuters) -Japan\'s Asahi Group Holdings is on the hunt for acquisition targets in the United States and elsewhere to quadruple overseas sales of its flagship Super Dry beer by 2030, its chief executive said. The beverage giant took a step towards that goal last month when it said...