November 27, 2024 10:10 am
Hafnia Limited (NYSE: HAFN) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.379 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 12th to shareholders of record as of the close of business […]
Read moreNovember 27, 2024 8:03 am
TOYO Co. Ltd (NASDAQ: TOYO), a solar solution company, said on Tuesday that it had secured a $150 million contract to supply high efficiency solar cells to a leading solar module manufacturer. Under the agreement, TOYO is to supply its cutting-edge solar cells to support the client’s expanding solar module production in both India and […]
Read moreNovember 26, 2024 1:47 pm
Citigroup has upgraded US Bancorp (NYSE: USB) to “Buy” from “Neutral”. Citi also raised its 12-month price target on the stock to $65.00 from $49.00 previously. According to Citigroup, US Bancorp has “turned the corner” on investment spend and is expected to return to positive operating leverage as expense growth moderates. Also, US Bancorp’s net […]
Read moreNovember 26, 2024 11:13 am
The shares of Scholar Rock Holding Corp (NASDAQ: SRRK) soared 26.07% on Monday, after an experimental, muscle-preserving drug by competitor Biohaven missed its goal in a Phase 3 study of people suffering from spinal muscular atrophy (SMA). taldefgrobep alfa, a regimen of Biohaven’s drug, and a standard SMA therapy failed to significantly improve motor function […]
Read moreNovember 26, 2024 10:18 am
DURECT Corporation (NASDAQ: DRRX) said on Monday that it had sold its ALZET line of osmotic pumps to Lafayette Instrument Co in a deal valued at $17.5 million. The company also said it had paid off all remaining obligations under the term loan agreement with Oxford Finance LLC. “As DURECT continues to prioritize developing larsucosterol […]
Read moreNovember 26, 2024 8:00 am
Wolfe Research has upgraded Jones Lang Lasalle Inc (NYSE: JLL) to “Outperform” from “Peer Perform”, while assigning a 12-month price target of $353.00 on the stock. According to Wolfe Research, Jones Lang Lasalle benefits from capital markets comps and improved disclosure supports multiple expansion. Meanwhile, sector tailwinds from potential deregulation and tax reform may speed […]
Read moreNovember 25, 2024 8:28 am
Insperity Inc (NYSE: NSP) said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $0.60 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 24th to shareholders of record as of the close of business […]
Read moreNovember 24, 2024 9:02 am
Bentley Systems Inc (NASDAQ: BSY), an infrastructure engineering software company, said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $0.06 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 12th to shareholders of record […]
Read moreNovember 23, 2024 4:01 pm
Goldman Sachs has initiated coverage of EMCOR’s (NYSE: EME) shares by assigning a “Sell” rating, which, as a result, drove the stock down more than 4% on Friday. The Wall Street bank assigned a 12-month price target of $445 per share on the construction company. In October, EMCOR Group reported net income of $270.3 million […]
Read moreNovember 23, 2024 3:56 pm
German automotive supplier Bosch has announced plans to lay off 5,000 employees, with 3,800 of the job cuts to be made in Germany. The move is part of the company’s efforts to reduce costs and stay competitive in the international market. According to Bosch, the layoffs are necessary due to the stagnation in the global […]
Read more