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Stifel Raises Parker-Hannifin (PH) Price Target to $691

In a recent note, Stifel has upgraded its price target for Parker-Hannifin stock (NYSE: PH) from $633 to $691, while maintaining a 'Buy' rating on the company's shares. This update reflects S

Asktraders News Team
KOSPI Falls Amid Middle East Tensions

South Korea's main stock index, the KOSPI, faced a decline of 1.22% in trading today amid escalating tensions in the Middle East following Iran's launch of ballistic missiles toward Israel, inciting fears of a possible full-s

Asktraders News Team
Citi Analysts Revises Apple iPhone Sales Forecasts

In a recent financial assessment, Citi analyst Atif Malik has amended the firm’s previous estimates for Apple's (NASDAQ:AAPL) iPhone sales. The updated forecast now anticipates a reduction in the sales numbers for the iPhone

Asktraders News Team
ServiceNow (NYSE:NOW) Price Target Upgraded, But Firm Remains Bearish

In a recent assessment by Guggenheim, the financial firm revised its price target on ServiceNow (NYSE: NOW) from $640 to $716. With the current price action on the stock taking place around $867, this upgraded price target re

Asktraders News Team
Nike’s Earnings Come In Short, Guidance Withdrawn

Nike’s quarterly earnings failed to set markets alight, as revenue took a hit, dropping to $11.59 billion—a drop that was even steeper than the 10% decline analysts had been bracing for, with the consensus of $11.65 billion h

Asktraders News Team
China’s E-Commerce Stocks Set for Valuation Surge?

The e-commerce landscape in China is on the precipice of a significant change. A combination of policy support and rising market enthusiasm is setting the stage for a re-evaluation of the industry's worth.

Asktraders News Team
Melrose Industries (LON: MRO) Buyback Aims To Deliver Value As Share Price Falters

Melrose Industries shares (LON: MRO) have given holders a rather rough ride in 2024, with a dip of 18.35% YTD significantly underperforming the broader market. In an attempt to deliver shareholder value, the prominent UK base

Asktraders News Team
BAE Systems Unveils RAD510â„¢ SDU for Space Missions

BAE Systems (LON: BA) has announced the availability of its RAD510â„¢ software development unit (SDU) for the space community, marking a significant step in the transition to its next-generation RAD510 single-board computer (SB

Asktraders News Team
US Markets Drop On Big News Day – Dock Strike Weighs on Trade

The US stock market ended Tuesday on a bearish note as major indexes including the Dow Jones, S&P 500, and Nasdaq plummeted as various news stories made their mark on sentiment. Tensions raised significantly in the Middle

Asktraders News Team
JD Sports Share Price Drops Despite Earnings Beat

JD Sports Fashion (LON: JD.) shares dropped by 5% on Wednesday despite the company reporting strong interim results. [stock_market_widget type="chart" template="line" color="#

Sam Boughedda
MusicMagpie Shares Surge as AO World Agrees to Acquire Business

Shares in MusicMagpie (LON: MMAG) surged by more than 55% Wednesday after the company announced it had agreed to be acquired by AO World (LON: AO.), a leading online retailer of electrical goods.

Sam Boughedda
Nio and Monolith Join Forces for AI-Powered EV Battery Testing

Nio (NYSE: NIO), a promising player in the electric vehicle (EV) arena, is undertaking a sig

Asktraders News Team
Japanese Stocks Surge Amid Economic Optimism

Asian markets presented a mixed landscape on Tuesday. While some indices wavered, Japan's Nikkei 225 index displayed a strong rebound, climbing 1.93% to close at 38,651.97 points, rallying from the substantial losses incurred

Asktraders News Team
WeightWatchers Announces CEO Departure – WW Stock Rally’s

In a significant executive shakeup, WeightWatchers (WW International) has declared that its CEO, Sima Sistani, has abruptly departed from her role at the company. This unexpected shift comes as the corporation grapples with a

Asktraders News Team
Mulberry Rejects Possible Frasers Group Takeover Bid

Mulberry (LON: MUL) shares are up around 4% in early Tuesday trading after the company said it had rejected a potential takeover bid from Frasers Group (LON: FRAS), which proposed acquiring the remaining shares it does not al

Sam Boughedda
Greggs Shares Slide Despite Q3 Sales Jump

Greggs (LON: GRG) shares fell more than 4% in early Tuesday trading despite the company reporting strong sales growth in its third-quarter trading update. [stock_market_widget

Sam Boughedda
BofA Adjusts Stock Price Target for PepsiCo (PEP)

BofA Securities, in a recent analysis, has updated its position on PepsiCo (NASDAQ: PEP), a leading global food and beverage company. The financial institution has lowered PepsiCo's price target from $190.00 to $185.00, yet r

Asktraders News Team
SSP Group Price Target Cut at Citi, Firm Remains Bullish

Citi's analyst Leo Carrington has adjusted the price target for SSP Group (LON: SSPG) downwards from 330 GBp to 320 GBp, although maintaining a Buy rating on the shares. SSP Group, the operator of various food and beverage ou

Asktraders News Team
Ceres Power Shares (LON: CWR) Making Strong Gains

Ceres Power Holdings share price (LON: CWR) has come off another stellar day, adding 10%, to bring 5 day gains up to an impressive 46.46%. After Ceres Power shares lost almost half their value through 2023, the shift in momen

Asktraders News Team
NIO Secures $1.9 Billion Boost As Stock Continues To Climb

Shares of Hong Kong and NYSE listed electric vehicle manufacturer NIO (NYSE: NIO) witnessed an impressive rally after its China-based unit received a significant capital infusion

Asktraders News Team
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