Alex Potemkin/E+ via Getty Images Carrier Global (NYSE:CARR) on Monday was upgraded to Outperform from a previous investment rating of Neutral by analysts at financial-services firm Baird. They said the maker of heating, ventilation and air-conditioning equipment is poised for gains after being undervalued compared with peers. Carrier’s (CARR) stockContinue Reading
Valeriy Elistratov/iStock via Getty Images Republic Services (NYSE:RSG) on Thursday was upgraded to Buy from a previous investment rating of Hold by analysts at financial-services firm Truist. They said the waste-management company is trading at a discount to its peer group. Republic Services (RSG) is poised to boost its profitContinue Reading
Assured Guaranty stock (NYSE:AGO) rose 3.78% after brokerage firm KBW upgraded it to Outperform from Market perform, citing that the company’s valuation at 0.70x year-end book looks very compelling. The stock was trading at $79.60 in the morning on Tuesday. AGO had risen 41.16% in the last 12 months. TheContinue Reading
Artystarty Cantor Fitzgerald initiated coverage of MiMedx Group (NASDAQ:MDXG) with an overweight rating, citing valuation and the wound care product maker’s offerings. The investment bank said it has a favorable view of the estimated $3.9B advanced wound care and surgical markets. It added that it sees MiMedx’s product portfolio asContinue 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
da-kuk/E+ via Getty Images Sales growth for AI-related megacap stocks is expected to have cooled in Q2 and continue that trend through the end of the year. According to consensus forecasts, Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) will see a slowdown in sales growth,Continue Reading
SoftBank Group’s (OTCPK:SFTBY) Vision Fund 2 will invest between $10M and $20M in the U.S.-based artificial intelligence search startup — Perplexity AI, giving it a $3B valuation, Bloomberg reported. The investment is part of a larger $250M funding round and triples Perplexity’s earlier about $1B valuation. The deal is notContinue Reading
bucky_za/E+ via Getty Images Gold Fields (NYSE:GFI) +0.8% in Wednesday’s trading as BMO Capital upgrades shares to Market Perform from Underperform with a $14 price target, emphasizing the importance of the miner’s operational consistency. BMO’s Raj Ray says Gold Fields (GFI) stock has lagged peers despite higher gold prices becauseContinue Reading
lyash01/iStock via Getty Images US Steel (NYSE:X) +4.2% after BMO Capital upgraded the company to Outperform from Market Perform with a $45 price target, raised from $43, saying shares are “fundamentally undervalued” with or without a Nippon Steel deal. BMO analyst Katja Jancic says US Steel’s (X) investments in mini-mill/EAFContinue Reading
Dmitry Vinogradov Following a sharp rally last week on FDA label expansion for its muscle disorder therapy Elevidys, Sarepta Therapeutics (NASDAQ:SRPT) continued to trade lower in the premarket Wednesday as Citi downgraded the stock based on valuation. The shares of the Cambridge, Massachusetts-based biotech surged more than 30% on FridayContinue Reading
