January 14, 2025 12:11 pm
Morgan Stanley has upgraded Crown Holdings Inc (NYSE: CCK) to “Overweight” from “Equal Weight” on improved marketing conditions for packaging. Yet, the Wall Street bank revised down its 12-month price target on the stock to $105.00 per share from $109.00 previously. Stock Performance The shares of Crown Holdings Inc (CCK) closed 4.99% ($3.93) higher at […]
Read moreJanuary 14, 2025 9:51 am
RTX Corp’s (RTX) Raytheon unit has secured a $333 million contract from the US Navy to produce Standard Missile-6 (SM-6) Block IA missiles. Deployed on US Navy ships, SM-6 delivers a proven, over-the-horizon offensive and defensive capability by leveraging the time-tested Standard Missile airframe and propulsion system. “SM-6 has a proven performance, and this contract […]
Read moreJanuary 14, 2025 8:07 am
Sonos Inc (NASDAQ: SONO) said on Monday that its current Chief Executive Officer, Patrick Spence, would step down as CEO and as a member of the Board of Directors, effective immediately. Meanwhile, Tom Conrad, an independent member of the Board since 2017, has been appointed as Interim CEO with immediate effect. The Board has commenced […]
Read moreJanuary 13, 2025 8:16 am
Coca-Cola Consolidated Inc (NASDAQ: COKE) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $2.50 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on February 7th to shareholders of record as of the close of business […]
Read moreJanuary 10, 2025 12:14 pm
GXO Logistics Inc (NYSE: GXO) said on Thursday that it had signed a long-term partnership with Calliope – a lifestyle brand of the Italian fashion franchise Teddy Group. The contract encompasses warehouse management, e-fullfilment, returns management and value-added services such as labelling and inbound quality control. “We are delighted to sign this partnership with Calliope […]
Read moreJanuary 10, 2025 11:11 am
Constellation Brands Inc (NYSE: STZ), an international producer and marketer of beer, wine and spirits, said on Thursday that its Board of Directors had authorized a quarterly cash dividend of $1.01 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on February 21st […]
Read moreJanuary 9, 2025 9:41 am
Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six coastal US markets, said this week it had sold an industrial property located in Union City, California, for about $16.9 million. The property consists of one industrial distribution building, containing nearly 66,000 square feet on 3.0 acres, which is […]
Read moreJanuary 9, 2025 8:32 am
Marcus & Millichap’s division, IPA Capital Markets, said this week it had secured $174 million in joint venture equity and debt financing for the purchase of 55 Riverwalk Place, a 348-unit multi-family property located in West New York, New Jersey. “The acquisition represents a significant value-add opportunity for the sponsor,” Marko Kazanjian, Senior Managing Director […]
Read moreJanuary 9, 2025 7:35 am
UBS has upgraded Digital Realty Trust Inc (NYSE: DLR) from “Neutral” to “Buy”, as it sees potential for further upside for the stock on the back of continued robust demand for data center services. The investment bank also raised its 12-month price target from $147 per share to $205 per share. “After years of stable […]
Read moreJanuary 6, 2025 11:03 am
The PNC Financial Services Group Inc (NYSE: PNC) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $1.60 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on February 5th to shareholders of record as of the […]
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