September 9, 2024 12:47 pm
J.P.Morgan has raised its rating on Amneal Pharmaceuticals Inc’s (NASDAQ: AMRX) stock to “Neutral”, as the bank cited progress in revamping business operations. According to J.P.Morgan, Amneal Pharmaceuticals’ generic drug business is generating “solid growth”, with a move away from oral solid medications and towards complex products and biosimilars. The Wall Street bank noted that […]
Read moreSeptember 9, 2024 11:38 am
Lululemon Athletica Inc’s (NASDAQ: LULU) Chief Executive Officer Calvin McDonald has expanded his stake in the sportswear maker with the purchase of 4,000 shares last week, a SEC filing showed. The shares were acquired at a price of $260 each, while the total value of the deal was $1.04 million. As a result of the […]
Read moreSeptember 9, 2024 9:24 am
Piper Sandler has upgraded the stock of Intra-Cellular Therapies Inc (NASDAQ: ITCI) to “Overweight”, as it highlighted sales potential for Intra-Cellular’s Caplyta. The investment bank also revised up its 12-month price target on the shares to $92.00 from $68.00. According to Piper Sandler, a survey of 25 psychiatrists showed that the patient/prescription volume footprint for […]
Read moreSeptember 9, 2024 7:53 am
XWELL Inc (NASDAQ: XWEL) said that it had appointed Ezra T. Ernst as its next Chief Executive Officer. Ernst is to succeed Scott Milford, who will remain with the company as a consultant through the end of this year. Most recently, Ezra T. Ernst served as CEO of XWELL brands XpresCheck since January 2022 and […]
Read moreSeptember 6, 2024 9:06 am
Susquehanna has downgraded the shares of Evertec Inc (NYSE: EVTC) to “Negative” from “Neutral”, as it cited margin pressure. The firm also revised down its 12-month price target on the stock to $28.00 from $38.00. “Appropriately, the company has been expanding its Total Addressable Market beyond its heritage relationship with its former parent Banco Popular […]
Read moreSeptember 5, 2024 12:14 pm
Noble Corporation plc (NYSE: NE) said on Wednesday that it had finalized its acquisition of Diamond Offshore Drilling Inc. The deal enhances Noble’s position as a leading offshore driller and creates the largest fleet of 7th generation dual-BOP drillships within the industry. “We are excited to close this highly strategic and accretive transaction ahead of […]
Read moreSeptember 3, 2024 9:16 pm
Gladstone Commercial Corporation (NASDAQ: GOOD) said on Tuesday that it had purchased a 50,102 square foot Class A industrial manufacturing, distribution and service facility in Midland, Texas, in a long-term sale-leaseback transaction with a 15-year absolute NNN lease. The property is entirely leased to a provider of electrical feedthrough connectors, wellhead solutions and related services, […]
Read moreAugust 30, 2024 7:50 am
BTIG has assigned a “Buy” rating on Fiserv Inc (NYSE: FI) shares, as considerable investment initiatives put the company on course for high single-digit/low double-digit growth during the upcoming several years. According to BTIG analyst Andrew Harte, Fiserv’s cash flow may grow even faster as operating margins expand and capital expenditure investment stabilizes. “While FI […]
Read moreAugust 29, 2024 6:58 am
Deere & Company (NYSE: DE) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $1.47 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on November 8th to shareholders of record as of the close of […]
Read moreAugust 28, 2024 10:58 am
Greif Inc (NYSE: GEF.B) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.81 per share on its Class B Common Stock. The latter represents an increase of 3.85% compared to the previous quarterly dividend of $0.78 per share. The dividend will be paid on October 1st to […]
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