May 24, 2024 9:14 am
FB Financial Corporation (NYSE: FBK), the parent company of FirstBank, has been upgraded to “Overweight” from “Equal Weight” at Stephens, after the group de-risked its balance sheet and cut its expense base, as it has infrastructure in place to support more economies of scale. According to Stephens analyst Russell Gunther, FB Financial Corp’s “construction and […]
Read moreMay 23, 2024 10:58 am
Xerox Holdings Corporation (NASDAQ: XRX) said on Wednesday that its Board of Directors had authorized a quarterly cash dividend of $0.25 per share of common stock. The dividend will be paid on July 31st to shareholders of record as of the close of business on June 28th 2024, the company said. The dividend was kept […]
Read moreMay 23, 2024 8:39 am
The Shyft Group Inc (NASDAQ: SHYF) said on Wednesday that it had inked an agreement with Amerit Fleet Solutions to provide 24/7 maintenance and support services for Blue Arc EV trucks across the United States. Blue Arc EVs will soon become available via a select network of dealerships, each staffed by technicians trained and certified […]
Read moreMay 22, 2024 11:10 am
Lennox International Inc (NYSE: LII), a leader in energy-efficient climate-control solutions, said this week its Board of Directors had authorized a quarterly dividend of $1.15 per share of common stock. The latter represents a 4.5% increase compared to the previous quarterly dividend payment. The dividend will be paid on July 15th to shareholders of record as […]
Read moreMay 21, 2024 9:46 am
AstraZeneca said on Monday that it planned to establish a $1.5 billion manufacturing facility in Singapore for antibody drug conjugates (ADCs), which would bolster global supply of its ADC portfolio. ADCs represent next-generation treatments, which deliver highly potent cancer-killing agents directly to cancer cells via a targeted antibody. Supported by the Singapore Economic Development Board, […]
Read moreMay 21, 2024 8:32 am
Barclays said in a note that the upside for Johnson Controls International PLC’s stock might not be “substantial” from this point onward, after it became clear activist investor Elliott Investment Management held an over $1 billion stake. “While there has been relatively little activism in the MI sector in recent years, this news should not […]
Read moreMay 20, 2024 10:18 am
Westinghouse Air Brake Technologies Corp (NYSE: WAB) said on Friday that its Board of Directors had authorized a regular quarterly dividend of $0.20 per share of common stock. The dividend will be paid on June 11th to shareholders of record as of the close of business on May 28th 2024, the company said. The dividend […]
Read moreMay 17, 2024 11:27 am
Martin Marietta Materials Inc (NYSE: MLM) said on Thursday that its Board of Directors had authorized a regular quarterly cash dividend of $0.74 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 3rd 2024, the company said. The dividend […]
Read moreMay 17, 2024 10:02 am
Treace Medical Concepts Inc’s (NASDAQ: TMCI) shares retreated more than 5% on Thursday, after UBS cut its investment rating on the stock to “Neutral”. UBS cited limited visibility into Treace Medical’s ability to preserve a market share due to intensifying competition for its bunion product Lapiplasty. The investment bank also revised down its 12-month price […]
Read moreMay 17, 2024 8:09 am
3M Company’s (NYSE: MMM) shares surged more than 3% on Thursday, after Vertical Research Partners raised its investment rating on the stock to “Buy” from “Hold” previously. Vertical Research Partners also bolstered its 12-month price target on 3M to $140 per share from $92 per share. “There are still many uncertainties in the 3M outlook, […]
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