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The Latest Breaking News from NYSE

Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022

Upgrades

Benzinga

Wells Fargo Changes Its Stance and Re-rates Spotify: Find Out Why

Wells Fargo analyst Steven Cahall upgraded Spotify Technology S.A. (NYSE:SPOT) from Underweight to Equal-Weight. He raised the price target from $101 to $124. Following its June 2022 investor day, Cahall gained more compelling insights into SPOT's operating leverage. Cahall noted the company's belief in accomplishing an operating margin of ~10% in ~5 years, as gross…

Benzinga

Mid-Morning Market Update: Markets Open Higher; US Retail Sales Drop In May

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Wednesday.

Benzinga

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Boston Scientific Buys Substantial Stake In Korean MedTech Player

Boston Scientific Corporation (NYSE:BSX) has agreed to purchase Synergy Innovation Co Ltd's majority stake (~64%) of M.I.Tech Co Ltd, a publicly-traded Korean manufacturer, and distributor of medical devices for endoscopic and urologic procedures. The deal is valued at KRW 14,500 per share, representing KRW 291.2 billion or approximately $230 million. M.I.Tech offers HANAROSTENT technology, a…

Benzinga

Cloudflare Services Suffer Brief Outage In India

Cloudflare, Inc (NYSE:NET) services suffered an outage in the India region for an hour, the TechCrunch reports. The outage has disrupted several services, including Discord, online insurer Acko, GitLab, and SaaS platform OSlash. Users also faced difficulties accessing Shopify, Udemy, Canva, BookMyShow, and Zerodha, DownDetector disclosed. Cloudflare has identified the issue and looked to resolve…

Benzinga

Looking Into Endeavor Group Holdings's Return On Capital Employed

Pulled from Benzinga Pro data, Endeavor Group Holdings (NYSE:EDR) posted Q1 earnings of $517.67 million, an increase from Q4 of 3199.61%. Sales dropped to $1.47 billion, a 2.12% decrease between quarters.

Benzinga

Performance Food Group's Return On Capital Employed Insights

According to Benzinga Pro, during Q3, Performance Food Group (NYSE:PFGC) earned $23.40 million, a 178.57% increase from the preceding quarter. Performance Food Group also posted a total of $13.08 billion in sales, a 1.87% increase since Q2.

Benzinga

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Leading And Lagging Sectors For June 15, 2022

Gainers Symbol Name Price Change ($) Change (%) Volume

Benzinga

Where Southwestern Energy Stands With Analysts

Analysts have provided the following ratings for Southwestern Energy (NYSE:SWN) within the last quarter:

Benzinga

Disney Unveils $110K Luxury Tour Package: What You Need To Know

The Walt Disney Co. (NYSE: DIS) is making a pitch to luxury travel aficionados with a global tour package that encompasses all 12 of the company’s theme parks plus stops at iconic historic sites and the company’s film production epicenter.

Benzinga

Analyst Ratings for Block

Block (NYSE:SQ) has observed the following analyst ratings within the last quarter:

Benzinga

KBR Acquires UK Digital Transformation Company VIMA

KBR, Inc. (NYSE:KBR) has agreed to buy U.K.-based VIMA Group, a provider of digital transformation solutions to the defense and other public sector clients, for up to £75 million, including earn-out options. VIMA Group is a trusted advisor and a top-five supplier to Defence Digital and Navy Digital organizations within the U.K. Ministry…

Benzinga

9 Analysts Have This to Say About Tapestry

Tapestry (NYSE:TPR) has observed the following analyst ratings within the last quarter:

Benzinga

Analyst Ratings for Wheels Up Experience

Wheels Up Experience (NYSE:UP) has observed the following analyst ratings within the last quarter:

Benzinga

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Benzinga

The Daily Biotech Pulse: FDA Committee Backs Moderna Shot For 5-17 Years, 180 Life Sciences Stock Plunges, Pfizer's Posts Disappointing Paxlovid Data

Here's a roundup of top developments in the biotech space over the last 24 hours:

Benzinga

Dingdong Shares Gain After Clocking 43% Revenue Growth In Q1

Dingdong (Cayman) Limited (NYSE:DDL) reported first-quarter FY22 revenue growth of 43.2% year-on-year to $858.7 million. GMV increased by 36.0% Y/Y to $923.0 million. The total number of orders rose by 15.6% Y/Y to 80.6 million. Product revenues were $847.9 million, up 43.1% Y/Y, driven by the increase in the number of orders and…

Benzinga

10 Biggest Price Target Changes For Wednesday

Jefferies raised Tapestry, Inc. (NYSE: TPR) price target from $30 to $45. Tapestry shares rose 2.2% to close at $31.60 on Tuesday.

Benzinga

Cramer Gives His Opinion On Equinix, Bausch Health And More

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Bausch Health Companies Inc.

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news in one place.

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Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

BP Purchases 40% Stake In Green Hydrogen Project In Australia

BP plc (NYSE:BP) is acquiring the largest stake in a vast solar, wind, and green hydrogen project in Western Australia that will cost more than $30 billion to develop, reported Financial Times. The energy company stated that it has agreed to buy 40.5% of the Asian Renewable Energy Hub, which it will…

Benzinga

Zendesk Explores Settlement Discussions With Activist Investor Jana Partners

Customer engagement software solutions portfolio provider Zendesk, Inc (NYSE:ZEN) is exploring settlement options with activist investor Jana Partners LLC, days after the software company failed to divest itself, the Wall Street Journal reports. The truce could call for the exit of CEO Mikkel Svane and director Carl Bass. Bass, the former CEO of Autodesk Inc (NASDAQ:ADSK),…

Benzinga

L3Harris Technologies Eyes Israeli Spyware Firm NSO: Reports

L3Harris Technologies Inc (NYSE:LHX) is planning to acquire Israeli spyware firm NSO Group, Reuters reported, citing U.S. and Israeli media. The deal is expected to be finalized after being approved by Israel, the U.S., and L3Harris’ board of directors. A separate report published by Intelligence Online has shed light on the White House’s…

Benzinga

Cathie Wood Loads Up On Tesla Stock For 6th Time This Month

Cathie Wood-led Ark Invest Investment Management added more Tesla Inc (NASDAQ: TSLA) shares to its portfolio on Tuesday, raising its exposure to the electric vehicle maker for the sixth time this month.

Benzinga

Biden Questions Oil Companies On Lack Of Gasoline Amid Increasing Prices: Reuters

As U.S. president Joe Biden faces pressure over rising gasoline prices, he demanded oil companies explain why more gasoline is not in the market.

Benzinga

Pfizer Halts Enrollment In Paxlovid COVID-19 Trial In Standard-Risk Population

Pfizer Inc (NYSE:PFE) shared additional data from the Phase 2/3 EPIC-SR study of Paxlovid (nirmatrelvir and ritonavir tablets) in patients at standard risk for developing severe COVID-19. In previously reported interim analyses, the novel primary endpoint of self-reported, sustained alleviation of all symptoms for four consecutive days was not met. Non-significant 70% relative…

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