Financial News

Page 139 of 235

Barclays Upgrades Michelin to Equalweight Rating, Boosts PT

Barclays on Tuesday upgraded French tire manufacturer Michelin (ML.PA) to equal weight from underweight and increased its price target to 30 euros from 25 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ML.PA

Research6d ago

Citi Downgrades Elia to Neutral Rating, Boosts PT

Citigroup on Tuesday lowered Belgian transmission system operator Elia Group (ELI.BR) to neutral from buy and raised the price target to 141.00 euros from 118.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ELI.BR

Research6d ago

BNP Paribas Initiates MTU Aero Engines at Outperform

BNP Paribas on Monday initiated its coverage of German aircraft engine manufacturer MTU Aero Engines (MTX.F) with an outperform rating and a price target of 410 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$MTX.F

Research6d ago

Research Alert: Kmx: Adjusted Eps Well Ahead Of Consensus; New Ceo's Commentary Encouraging

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CarMax, Inc. (KMX) posted Feb-Q adjusted EPS of $0.34 vs. $0.64 (-47%), well ahead of the $0.21 consensus. Adjusted EPS excluded $1.19/sh of net goodwill and restructuring charges, as reported EPS came in at -$0.85 vs. $0.58 in the year-ago quarter. The beat was due to a stronger-than-expected top line, as net sales fell 1.0% to $5.95B ($220M above consensus) and the gross margin contracted 90 bps to 10.2% (20 bps shy of consensus). Sales volumes were mixed, while pricing was weaker. While KMX's new CEO, Keith Barr, was appointed following the end of the quarter, we found his comments encouraging as he attempts to right the ship. Despite the beat, KMX shares are currently trading 5% lower in pre-market trading. We think the reaction reflects profit taking, as KMX shares had quietly posted a rebound of nearly 60% from the early November lows. We were encouraged by the quarter, as KMX's top and bottom lines exceeded expectations by a wide margin, although one-time items once again weighed on headline EPS.

$KMX

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Financial News

Barclays Upgrades Michelin to Equalweight Rating, Boosts PT

Citi Downgrades Elia to Neutral Rating, Boosts PT

BNP Paribas Initiates MTU Aero Engines at Outperform

Research Alert: Kmx: Adjusted Eps Well Ahead Of Consensus; New Ceo's Commentary Encouraging

Barclays Upgrades Michelin to Equalweight Rating, Boosts PT

Citi Downgrades Elia to Neutral Rating, Boosts PT

BNP Paribas Initiates MTU Aero Engines at Outperform

Research Alert: Kmx: Adjusted Eps Well Ahead Of Consensus; New Ceo's Commentary Encouraging

JP Morgan Cuts Jahez International's PT, Keeps at Underweight

Barclays Upgrades Continental to Overweight, Lifts PT

AlphaMena Lowers Seera Group PT, Keeps Add Rating

Morningstar Begins Flughafen Zürich's Coverage at Buy

Citi Downgrades Nexi to Neutral Rating, Cuts PT

Avanti Helium Makes Initial Installment Payment To Relocate Plant To Montana

Savaria Targeting $1.6 Billion Revenue by End 2030

China Datang Renewable Power's Output Slides 21% in March

Sen. Scott Says Warsh Hearing for Fed Chair to Take Place Next Week, Bloomberg Reports

The Descartes Systems Expands AI Innovation on Global Logistics Network With Fleet Data Intelligence Platform

AGF Management Q1 Net Income Attributable to Equity Owners of the Company, Total Adjusted Net Revenue Fall; Increases Quarterly Dividend Per Share by 8%

Celestica Price Target Raised to US$425 at CIBC

Cloud Factory Technology, Directors Censured by Hong Kong Bourse Over Disclosure Discrepancies

Eldorado Gold Says Completed Acquisition of Foran Mining

Orosur Mining Up In UK Trade After Announcing New Mineralised Zone Discovered Near Pepas; Rose 10% In Canada on Monday

Argus Initiates Coverage on AppLovin With Buy Rating, $520 Price Target