May 29, 2024 12:26 pm
Mizuho initiated coverage of Fortrea Holdings Inc (NASDAQ: FTRE), while assigning a “Neutral” investment rating and a price target of $27 on the stock. Mizuho cited low near-term earnings visibility resulting from market share losses associated with its spin-out from Labcorp last year. Mizuho said it saw the likely path to Fortrea Holdings’ recovery in […]
Read moreMay 29, 2024 7:49 am
JMP Securities has assigned a “Market Outperform” rating on the shares of Kratos Defense & Security Solutions Inc (NASDAQ: KTOS), as the firm cited growth potential amid increasing defense spending on unmanned systems. JMP Securities has also assigned a price target of $27 per share on Kratos’ stock, based on an estimated enterprise value that […]
Read moreMay 28, 2024 5:00 pm
Sweden reported a trade surplus of SEK 7.9 billion in April, which compares with a deficit of SEK 2.1 billion in the same month of 2023. The nation’s total exports surged 12.3% year-on-year to SEK 183.1 billion in April, data by Statistics Sweden showed. The latter reflected an increase in shipments to the European Union […]
Read moreMay 28, 2024 2:31 pm
Wholesale prices in Germany have decreased at an annualized rate of 1.8% in April, data by the Federal Statistical Office showed on Tuesday. The latter has been a slowdown from a 2.6% drop in March. April marked the 12th consecutive month of decreasing producer prices and also the slowest drop since August 2023. Last month, […]
Read moreMay 28, 2024 12:45 pm
Nordson Corporation (NASDAQ: NDSN) said on Tuesday that it had entered into a definitive agreement to acquire Atrion Corporation, a provider of proprietary medical infusion fluid delivery and niche cardiovascular solutions. The all-cash deal is valued at nearly $800 million, or $460.00 per share. The transaction is to be funded via a combination of cash […]
Read moreMay 28, 2024 8:37 am
Silvercorp Metals Inc (NYSE: SVM) said on Monday that its Board of Directors had authorized a semi-annual dividend of $0.0125 per share. The dividend will be paid on June 27th to shareholders of record as of the close of business on June 7th 2024, the company said. The dividend was kept unchanged from the previous […]
Read moreMay 27, 2024 5:12 pm
The seasonally adjusted unemployment rate in Norway was reported to have risen to 4.3% in April from 4% in March. It has been the highest jobless rate since January. The number of unemployed individuals rose by 12,000 from the prior month to 131,000, data by Statistics Norway showed. At the same time, the number of […]
Read moreMay 27, 2024 10:33 am
The Ifo Business Climate gauge for Germany was reported at a level of 89.3 in May, or unchanged compared to April. Yet, the latest reading came below market consensus of 90.4. The sub-index of current conditions decreased to 88.3 in May from 88.9 in April. At the same time, the sub-index of business expectations registered […]
Read moreMay 27, 2024 8:28 am
Extra Space Storage Inc (NYSE: EXR) said last week that its Board of Directors had authorized a second-quarter cash dividend of $1.62 per share of common stock. The dividend will be paid on June 28th to shareholders of record as of the close of business on June 14th 2024, the company said. The dividend was […]
Read moreMay 26, 2024 4:26 pm
Producer prices in Sweden increased at an annualized rate of 0.9% in April, data by Statistics Sweden showed. That followed a 0.6% slump in March. It has also been the first month of producer price growth since April 2023. Prices dropped at a slower rate for energy-related products (-4.4% YoY compared to -6.8% YoY in […]
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