Category: rating
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Moody’s warns of rating consequences of escalation
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Investor EmpiresCommenting on the security situation in Israel and its impact on the country’s sovereign rating, Moody’s, the global credit rating agency, said yesterday that the exchange of fire between Israel and Hezbollah on Sunday represents an escalation, but the economic and human costs remain limited and in line with the…
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Citi sees Israel at risk of further rating downgrades
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Investor EmpiresThe research department of the American bank Citi has issued an analysis of the economic situation in Israel covering the credit rating downgrades made by global credit rating agencies, the latest of which was the downgrade by Fitch last week. The analysis concluded that further credit rating downgrades may be…
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CIBC raises Well Health stock target, keeps rating on Q2 beat By Investing.com
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Investor EmpiresOn Friday, CIBC raised its target price on shares of Well Health Technologies Corp. (WELL:CN) (OTC:WLYYF) to C$5.00, up from C$4.75, while maintaining a neutral rating on the stock. The revision comes after Well Health reported second-quarter revenue and EBITDA that beat expectations, driven by strong growth and better-than-expected profitability…
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Carvana is on watch after S&P boosted its credit rating by a notch (NYSE:CVNA)
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Investor EmpiresJoe Raedle/Getty Images News Standard & Poor’s Global has upgraded Carvana’s credit rating to A+.NYSE: CVNA) to B- from CCC+. The rating agency noted that Carvana (CVNA) has continued to grow revenue and earnings. Standard & Poor’s sees these improvements as sustainable and enabling meaningful free earnings. Operating cash flow.…
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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…