This post is co-written with Samit Verma, Eusha Rizvi, Manmeet Singh, Troy Smith, and Corey Finley from Verisk. Verisk Rating Insights as a feature of ISO Electronic Rating Content (ERC) is a powerful tool designed to provide summaries of ISO Rating changes between two releases. Traditionally, extracting specific filing informationContinue Reading
deepblue4you/E+ via Getty Images Piper Sandler initiated coverage on Unum Group (NYSE:UNM) with an Overweight rating on Thursday as analyst John Barnidge points to a number of positive developments. The life and health insurer “has the greatest growth, least reliance on variable investment income and also greatest amount of moats”Continue Reading
omersukrugoksu XP Inc. (NASDAQ:XP) shares slipped 1.2% in Thursday late morning trading after UBS downgraded the Brazilian investment brokerage to Neutral from Buy, owing to a challenging macroeconomic backdrop in Latin America’s largest economy. Since the start of 2024, Brazil has experienced both significant currency devaluation and higher government securityContinue Reading
Alexander Farnsworth Piper Sandler started off coverage on Walmart (NYSE:WMT) with an Overweight rating. The firm thinks the strong year-to-date rally still has legs to run further. “We believe the company is in the early stages of an unprecedented profit growth acceleration for a large and mature retailer,” noted analystContinue Reading
Jumia Technologies (NYSE:JMIA) shares rose 20% on Tuesday, after Benchmark started coverage with a Buy rating and said the company is well positioned to capture the unmet pend-up demand in the African market. Benchmark said as a leading African ecommerce platform, the company is poised to benefit from a demographicContinue Reading
Holly Guerrio/iStock Editorial via Getty Images Cinemark (NYSE:CNK) was upgraded by B. Riley to “Buy” from “Neutral,” with ratings firm expecting an upside for the shares of the movie theater chain versus its industry peers. B. Riley acknowledged that while most of the group has lagged during 2024, it “underestimatedContinue Reading
hapabapa ServiceNow’s (NYSE:NOW) stock fell about 3% premarket on Monday after Guggenheim downgraded the shares to Sell from Neutral noting that the second quarter of 2024 is fine, but future risks don’t match valuation. The firm introduced a price target of $640 on the shares of the Santa Clara, Calif.-basedContinue Reading
JHVEPhoto Intuit (NASDAQ:INTU) was in the spotlight on Wednesday as investment firm RBC Capital Markets started coverage on the Turbo Tax maker, citing its successful transition to subscriptions, opportunity from artificial intelligence and rising margins. Shares were little changed in premarket trading. Although roughly 80% of the company’s revenue comesContinue Reading
kynny/iStock via Getty Images Raymond James has downgraded shares of WideOpenWest (NYSE:WOW) to “Underperform” from “Market Perform,” citing a lack of upside from the joint offer made by Crestview Partners and DigitalBridge (DBRG) to buy the broadband provider. Early in May, WideOpenWest (WOW) received a buyout proposal at $4.80 perContinue Reading
Gauzy (NASDAQ:GAUZ) shares rose 9% in premarket trade after Stifel initiated coverage on the company with a Buy rating and a target price of $18. Stifel expects sales growth of 42% in FY24 and FY25, driven by new program wins across all key segments. “We expect new program ramps acrossContinue Reading
