By Anvee BhutaniKratos Defense & Security Solutions shares rose Thursday after the company said it received a sole-source contract worth about $36 million for a new air-defense missile system.Shares were recently up 5% at $55.64.The defense technology company said the award covers work on a new air…
By Grace YoonZoom Communications said it has agreed to purchase Common Room, an artificial intelligence platform.Zoom, a video communications platform, said Common Room will unify fragmented signals and data to give sales teams improved intelligence on its buyers.Common Room is already used by comp…
(13:51 GMT) Baker Hughes Price Target Raised to $77.00/Share From $75.00 by TD Cowen
(13:51 GMT) Clearwater Paper Price Target Announced at $19.00/Share by B of A Securities
(13:50 GMT) Block Price Target Raised to $100.00/Share From $90.00 by Baird
By Mauro OrruQuantum Systems said it had raised $1.2 billion at a valuation of roughly $8 billion, bringing in fresh capital to expand drone production and invest in software for autonomous systems powered by artificial intelligence.The startup said European aircraft maker Airbus, asset manager Bla…
Volumes being traded on the CME for livestock are slow out of the gate, with the shortened week in observance of July 4th sending many traders to the sidelines early. Cattle and hogs are both showing weakness, cattle looking to continue to move lower and hogs seemingly unable to maintain a sustaine…
(13:49 GMT) Voya Financial Price Target Raised to $100.00/Share From $91.00 by RBC Capital
(13:47 GMT) JFB Construction Price Target Announced at $9.00/Share by Roth Capital
By Adriano MarcheseADF Group plans to enter into loan agreement of up to 10 million Canadian-dollars ($7 million) with Investissement Quebec to fund a facility expansion for its subsidiary, Groupe LAR.The steel superstructure manufacturer said Thursday that the proposed loan would support the C$40…
(13:44 GMT) Voya Financial Price Target Raised to $112.00/Share From $100.00 by TD Cowen
The June payroll report does little to clarify the economic outlook for the Fed. The headline was softer than anticipated after several months of unexpectedly brisk gains. Yet the unemployment rate ticked down to 4.2%, largely because the labor force shrank. That makes the drop in unemployment a su…
FactSet Research Price Target Maintained With a $240.00/Share by RBC Capital
Generali is likely to benefit from the new German private pensions as customers seek advice, given its strong distribution of agents, Berenberg analyst Michael Huttner writes. "Although the subsidies are simpler to calculate than for the old Riester product, savers will be able to mix and match dif…
Ed BallardHeat waves are underscoring how global warming has become a here-and-now issue for economists.Temperatures are rising ahead of the July 4 weekend, with 100-degree highs — feeling hotter due to the humidity — forecast for various parts of the central and Eastern U.S. Areas home to more tha…
Richemont's strong performance can be attributed to some good management decisions, UBS analysts tell investors in a note. The Swiss luxury group behind Cartier and Van Cleef & Arpels has performed better than many peers in recent years, due in part to its stronger focus on jewelry over soft fashio…
By Joe WallaceStocks are up after June data, brought forward a day by Independence Day, pointed to slower-than-expected growth in the job market.The U.S. added 57,000 jobs in June, down from May and roughly half the 115,000 jobs that economists expected to see added. Treasury yields slipped, as did…
Constellation Brands Price Target Maintained With a $185.00/Share by RBC Capital
Before June's job report was released, some economists forecasted that May's surge in leisure and hospitality may have been connected to Memorial Day timing. "May's surge in leisure & hospitality may have been driven by the World Cup or Memorial Day timing, and if it was the latter, June could see…
MPLX Price Target Maintained With a $60.00/Share by RBC Capital
