Category: rating
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Fitch cuts Israel’s credit rating with negative outlook
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Investor EmpiresFitch Ratings announced last night that it has downgraded Israel’s credit rating from A+ to A with a negative outlook. Fitch’s downgrade of Israel’s credit rating follows a similar move by the other two major international credit rating agencies – Moody’s and Standard & Poor’s. In its announcement, Fitch said:…
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Plains GP Holdings’ strategic JV with Oryx to boost volumes, Stifel Buy rating By Investing.com
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Investor EmpiresOn Monday, Stifel raised its price target on Plains GP Holdings, LP (NASDAQ:) to $23.00, up from a previous target of $22.00, and reiterated a buy rating on the stock. The firm cited the company’s strong position as a major transporter of crude oil from the Permian Basin, and expected…
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Baird cuts Albemarle stock rating amid lithium price concerns By Investing.com
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Investor EmpiresOn Monday, financial services firm Bird downgraded its rating. Albemarle University Chemical Company (NYSE:), a chemical company specializing in lithium, bromine, and refining catalysts. The rating was downgraded to Neutral from Outperform, and the price target was revised to $85.00 from $102.00 previously. The revision reflects Baird’s view of the…
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Etsy maintains rating and stock target amid solid quarter By Investing.com
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Investor EmpiresOn Thursday, BTIG maintained a Buy rating on Etsy (NASDAQ:) shares with a $78.00 price target, following the company’s quarterly report that delivered better-than-expected Q2 results and gross merchandise sales (GMS) guidance that met analysts’ expectations. Etsy shares have risen 10% in the past month, and the company believes its…
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Budget delay, canceling VAT hike jeopardize Israels credit rating
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Investor EmpiresThe Finance Ministry is busy preparing the state budget for 2025, but the work is getting more complicated every day. While the ministry’s top officials are trying to promote a balanced financial plan to deal with high defense spending, politicians, led by Prime Minister Benjamin Netanyahu and his economic adviser,…
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US stock futures slightly higher, Tesla gets a sell rating
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Investor EmpiresTesla stocks Tesla shares are expected to fall 2% at the open, while the rest of the market struggles with financial results (there’s a mix of results with Citi up 3% and JPMorgan down 1.2%). Spooz is up about 3 points. The drop in Tesla shares comes after an 8%…
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Lava Therapeutics shares hold target with Buy rating By Investing.com
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Investor EmpiresOn Friday, HC Wainwright maintained a Buy rating on shares of Lava Therapeutics NV (NASDAQ: LVTX), with a $6.00 price target. Lava Therapeutics, a biotechnology company, recently participated in the 2nd Annual Immune Cell Engager Conference. During the event, the company’s management discussed the ongoing Phase 1/2a study of LAVA-1207,…
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Oppenheimer raises Utilities sector rating, cuts Real Estate By Investing.com
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Investor EmpiresOppenheimer analysts raised their rating on the utilities sector and downgraded real estate in a broad-based note on Tuesday, citing positive earnings growth. The company highlighted that eight of the 11 sectors in the S&P 500 index are showing earnings growth, with six at double-digit rates. These services include communications…
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Deutsche Bank starts Casella Waste stock with Hold rating citing M&A risks By Investing.com
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Investor EmpiresOn Wednesday, Deutsche Bank initiated coverage on shares of Casella Waste Systems (NASDAQ:) with a Hold rating and set a price target of $106.00. The company expressed positive expectations regarding the waste industry and acknowledged the company’s success in implementing its strategic plans. Casella Waste Systems has been recognized for…
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Exxon trading at big discount to broader market, Morgan Stanley says in buy rating
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Investorempires.comDavid McNew/Getty Images News Exxon Mobil (New York Stock Exchange: Schwam) +0.5% In Wednesday trading, Morgan Stanley resumes coverage with an Overweight rating and $145 price target, noting the stock trades at a roughly 55% discount to the broader market, nearly double historical levels despite cash flow/equity growth. 50% higher…
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Moody’s leaves its Israel rating unchanged
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bitlyfoolLate Friday, credit ratings agency Moody’s issued an update on Israel, leaving the Israeli government’s foreign and local currency ratings and negative outlooks unchanged, with a negative outlook. In its reasons for its negative rating outlook, Moody’s says: “The risk of escalation into an outright military conflict between Israel and…