The Latest Breaking News from NYSE

Here's Why Cowen Reduced Booz Allen Hamilton Price Target

Booz Allen Hamilton Holding Corp's (NYSE:BAH) price target has been lowered to $103 (an upside of 26%) from $109 by Cowen analyst Cai von Rumohr. The analyst maintained the Outperform ratings on the shares. Rumohr believes BAH is a pure-play defense IT leader positioned for the sector's fastest organic growth in 2023. Also Read: Booz Allen…

Benzinga · Jun 14, 2022

Truist Cuts ASGN Price Target By 27% - Read Why

ASGN Inc (NYSE:ASGN) price target has been lowered to $110 (an upside of 32%) from $150 by Truist Securities analyst Tobey Sommer. The price target reduction reflects a reduced forward earnings multiple among its peers. Meanwhile, the analyst maintained the Buy rating on the shares. Sommer states that the company's emerging Consulting segment should be…

Benzinga · Jun 14, 2022

Stantec Secures Contract To Lead Construction Management For $220M Indianapolis Project

Stantec Inc.(TSX:STN), (NYSE:STN) has been selected to lead construction management for the $220 million Blue Line Bus Rapid Transit (BRT) project in the City of Indianapolis. The 24-mile, all battery-electric bus system will follow the path of the existing Route 8, providing safer and more reliable services to communities. In partnership…

Benzinga · Jun 14, 2022

If You Invested $100 In This Stock 20 Years Ago, You Would Have $800 Today

Lowe's Companies (NYSE:LOW) has outperformed the market over the past 20 years by 4.12% on an annualized basis producing an average annual return of 10.96%. Currently, Lowe's Companies has a market capitalization of $113.55 billion.

Benzinga · Jun 14, 2022

Mid-Afternoon Market Update: Gold Down 1%; Continental Resources Shares Spike Higher

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 60 points on Tuesday.

Benzinga · Jun 14, 2022

Armstrong World Industries Reveals CFO Transition Plan

Armstrong World Industries Inc (NYSE:AWI) has appointed Christopher P. Calzaretta to succeed Brian MacNeal as its next chief financial officer, effective August 1, 2022. When Calzaretta assumes a new role as CFO, MacNeal will continue in an advisory role through September 1, 2022, to support a smooth transition. Calzaretta brings over 20 years…

Benzinga · Jun 14, 2022

Donaldson Acquires Early-Stage Biotechnology Company Purilogics

Donaldson Company, Inc. (NYSE:DCI) has acquired Purilogics, LLC, an early-stage biotechnology company, for an initial purchase price of $20 million plus milestone-based earnout payments over the next five years. Founded in 2013 by Jinxiang Zhou and Scott Husson, Purilogics is based in Greenville, South Carolina. Purilogics offers a broad portfolio of purification…

Benzinga · Jun 14, 2022

AT&T Braces For Possible Price Hike Citing Inflation Woes Shortly After Verizon

AT&T Inc (NYSE:T) could hike mobile-service prices again to ease the impact of the surging inflation, Bloomberg quotes CFO Pascal Desroches. Inflation pressure is outrunning cost projections, Desroches reasoned. "We're seeing inflation in labor, supplies, energy, and transport. So we're keeping an eye on it," Desroches said at an investor conference.  Also Read: This…

Benzinga · Jun 14, 2022

Shopify Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Shopify (NYSE:SHOP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga · Jun 14, 2022

Here's How Much $100 Invested In Itau Unibanco Holding 20 Years Ago Would Be Worth Today

Itau Unibanco Holding (NYSE:ITUB) has outperformed the market over the past 20 years by 1.19% on an annualized basis producing an average annual return of 8.05%. Currently, Itau Unibanco Holding has a market capitalization of $44.55 billion.

Benzinga · Jun 14, 2022