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BofA Securities analyst Peter T. Galbo initiated coverage on Primo Brands Corporation (NYSE:PRMB), with a price forecast of $42.Galbo notes that Primo Brands stock is expected to appreciate over the next 12 months as the company realizes cost synergies, targeting $300 million in EBITDA by 2026.If valuation multiples stay steady, this should support growth in […]
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Hedge fund manager Bill Ackman has expressed optimism about the future of Berkshire Hathaway (NYSE:BRK) following the Warren Buffett era.What Happened: Ackman, the head of Pershing Square Capital Management, criticized Buffett’s investment approach, deeming it excessively cautious. He voiced his belief that the conglomerate would fare better under the stewardship of Buffett’s intended successor, Greg […]
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Aptiv PLC (NYSE:APTV) reported better-than-expected financial results and issued strong guidance on Thursday.The company posted quarterly revenue of $4.91 billion, versus estimates of $4.89 billion. Adjusted earnings came in at $1.75 per share, versus estimates of $1.65 per share.”Looking ahead, as we navigate a dynamic market environment, we will remain focused on enabling our customers […]
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In the current session, the stock is trading at $132.66, after a 1.69% spike. Over the past month, BWX Technologies Inc. (NYSE:BWXT) stock increased by 6.75%, and in the past year, by 60.65%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if […]
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Nokia Oyj is a worldwide provider of telecom equipment and network infrastructure solutions. The computer and technology sector giant is a major facilitator of 5G and 4G infrastructure deployment along with competitor Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC).Nokia Offers Solutions for All Networks Originally known as a dominant mobile phone manufacturer before the age of smartphones, […]
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Huntington Bancshares Inc.’s (NASDAQ: HBAN) shares rose 2.5% in yesterday’s trading session after the company announced its plans to expand its banking franchise in North Carolina and South Carolina. The bank intends to add more than 350 employees across varied business divisions and launch roughly 55 retail branches within the next five years.The first branches […]
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U.S. Bancorp’s (NYSE: USB) shares have gained 12% in the past three months, outperforming the industry’s growth of 5.1% and the S&P 500’s rise of 5.8%. USB is currently trading just 1% off its 52-week high of $45.88 hit on Jul 30. Image Source: Zacks Investment ResearchThe company’s inorganic growth move and strong balance sheet […]
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Source: Streetwise Reports 08/22/2024The technology was confirmed to be effective, sustainable and environmentally friendly. Read one analyst’s thoughts about the news and investing in the company behind it.Laboratory-scale testing of Lithos Group Ltd.’s (OTC: LITSF) proprietary AcQUATM pretreatment technology on brines from Chile’s Salar de Atacama resulted in robust recovery of lithium and removal of […]
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Enersys (NYSE: ENS) reported first-quarter fiscal 2025 (ended Jun 30, 2024) adjusted earnings of $1.98 per share, which surpassed the Zacks Consensus Estimate of $1.97. The bottom line increased 5% year over year due to lower operating expenses.Enersys’ net sales of $852.9 million missed the consensus estimate of $878 million. The top line declined 6% […]
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Broadridge Financial Solutions, Inc. (NYSE: BR) reported mixed fourth-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.Adjusted earnings of $3.5 per share beat the Zacks Consensus Estimate by 0.6% and increased 9% from the year-ago quarter. Total revenues of $1.94 billion missed the consensus mark by 1% but […]
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