JHVEPhoto Seagate Technology (NASDAQ:STX) and Western Digital (NASDAQ:WDC) were in focus on Friday as Citi reiterated its Buy ratings on the storage makers and added a 90-day catalyst watch to Western Digital. Shares of both companies were little changed in premarket trading. After several quarters of the storage market dealingContinue Reading
Dmitry Vinogradov Multiple bullish initiations on Tempus AI (NASDAQ:TEM) failed to impress Wall Street as the AI-driven life sciences firm traded lower on Tuesday, extending a recent selloff that followed its public debut last month. Since its IPO in mid-June, SoftBank (OTCPK:SFTBY) (OTCPK:SFTBF)-backed Tempus (TEM) has lost nearly 20%, aContinue Reading
THEPALMER/E+ via Getty Images JPMorgan downgraded three stocks in the transportation and logistics sector on Tuesday. The firm warned of operational challenges in the sector or a slower than expected market recovery, which led it to take an overall more cautious stance for the near term. “The recent demand strengthContinue Reading
ismagilov BofA and J.P. Morgan initiated coverage of newly public healthcare payments platform Waystar (NASDAQ:WAY) with bullish ratings, with BofA seeing the company benefitting from the recent cyberattack on rival UnitedHealth Group’s (UNH) Change Healthcare. BofA started coverage of Waystar with a buy rating, noting that the recent ransomware attackContinue Reading
GoodLifeStudio/iStock Unreleased via Getty Images Online job marketplace companies Fiverr (NYSE:FVRR) and Upwork (NASDAQ:UPWK) were assumed with Neutral ratings at UBS. Amid a “subdued” macro background and the fact that Fiver has placed an emphasis on higher-spend buyers, the company is undergoing a transition, UBS said. As such, the investmentContinue Reading
