sutthirat sutthisumdang H.C. Wainwright initiated coverage of Assertio Holdings (NASDAQ:ASRT) with a buy rating, calling the stock undervalued. The investment bank said it viewed Assertio, formerly known as DepoMed, as “underrated and overlooked due to its checkered history,” which included opioid liability exposure and debt as high as $800M. ItContinue Reading
BTC Digital (NASDAQ:BTCT) announced the signing of a significant acquisition agreement, marking the successful purchase of an Arkansas-registered company. This acquisition includes a Bitcoin mining facility in Arkansas equipped with a 6MV long-term stable power load, with the total consideration for the purchase amounting to $1.99 million. With the completionContinue Reading
ra2studio/iStock via Getty Images Buyout firm KKR & Co. (NYSE:KKR) agreed to purchase sports uniform and school yearbook maker Varsity Brands from Bain Capital for $4.75 billion, including debt. KKR will own Varsity Brands through its Americas private equity fund, according to a Reuters report on Wednesday, which cited peopleContinue Reading
georgeclerk Kamada (NASDAQ:KMDA) traded higher on Wednesday after Stifel launched its coverage with a buy recommendation, arguing that the company’s R&D program targeted at a rare lung disorder called AAT deficiency is its “most underappreciated component.“ Stifel’s bullish view comes at a time when the Israeli biotech, which boasts aContinue Reading
Gulf Resources (NASDAQ:GURE) +11.6% pre-market Wednesday after agreeing to acquire 1,270 acres of crude salt fields in China in a series of deals totaling more than 280M renminbi (~$38.6M) in cash and stock. Gulf Resources (GURE) said the acquisition of the crude salt fields may enable it to open bromineContinue Reading
Michael M. Santiago/Getty Images News Seaport Research Partners analysts are downgrading The Goldman Sachs Group Inc. (NYSE:GS) from “buy” to “neutral.” Senior Analyst Jim Mitchell wrote in a Diversified Financials report that this downgrade is “primarily driven by valuation.” The Goldman Sachs Group Inc.’s (GS) estimated EPS went from 3%Continue Reading
“ENTG currently stands as the only semiconductor pure play company within the chemicals and materials ecosystem,” said Deutsche Bank analyst Melissa Weathers, in a note. “We believe ENTG to have an outsized exposure to the fastest-growing trends in semiconductor manufacturing technology in the next decade (GAA, taller 3D NAND stacks,Continue Reading
inakiantonana/E+ via Getty Images Investors should take advantage of recent weakness to buy select stocks in the clean tech and renewable energy space, including NextEra Energy (NYSE:NEE), Morgan Stanley analysts said Tuesday, as the bank re-evaluates implications for clean energy in various election outcomes. Analysts led by Andrew Percoco seeContinue Reading
“CGI is relatively unique among peers with arguably one of the most well-balanced and well-diversified offerings,” said Jefferies analysts, led by Surinder Thind, in a Tuesday note. “Roughly half of revenues come from consulting and the other half from managed services. Similarly, roughly half of revenues come from North AmericaContinue Reading
Rapid7 (NASDAQ:RPD) signed an agreement to buy Noetic Cyber, a cyber asset attack surface management company. The acquisition of Noetic Cyber is expected to close during Rapid7’s fiscal third quarter and is not expected to have a material impact on the company’s 2024 annualized recurring revenue. The addition of Noetic’sContinue Reading
