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Author Archive - Ashar Jawad

Raymond James Lifts Ciena Corporation (CIEN)’s Price Target To $83, Maintains Outperform Rating

On Thursday, analysts at Raymond James raised Ciena Corporation (NYSE:CIEN)’s price target to $83 from $79, while maintaining an Outperform rating for the stock.

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June 5 - News

RTX Corporation (RTX), Northrop Grumman Corporation (NOC) Complete Rocket Motor Tests for Army’s NGSRI

On Thursday, RTX Corporation (NYSE:RTX)’s Raytheon business and Northrop Grumman Corporation (NYSE:NOC) announced the completion of four successful tests of flight-ready Highly...

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June 5 - News

Sweden Selects Lockheed Martin Corporation (LMT)’s TPY-4 Radar To Enhance Deterrence and Defense Capabilities

Sweden has selected Lockheed Martin Corporation (NYSE:LMT)’s TPY-4 next-generation ground-based air surveillance radar to enhance regional deterrence and bolster its defense...

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June 5 - News

RTX Corporation (RTX) Awarded $1.1 Billion Navy Contract For Short-Range Missiles

RTX Corporation (NYSE:RTX)'s defense arm, Raytheon, has secured a $1.1 billion contract from the U.S.

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June 5 - News

FBN Securities Lifts Asana, Inc. (ASAN)’s Price Target to $18, Maintains Outperform Rating

The revisions follow the company’s Q1 FY26 earnings call, in which it reported quarterly revenue of $187.3 million, a 9% year-over-year increase and exceeding the high end of...

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June 5 - News

UBS Lifts Hewlett Packard Enterprise Company (HPE)’s Price Target to $18, Maintains Neutral Rating

The better-than-anticipated results were driven by robust demand for Hewlett Packard Enterprise Company (NYSE:HPE)’s AI servers and hybrid cloud segment.

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June 5 - News

HSBC Upgrades Embraer S.A. (ERJ) To Buy Amid Strong Backlog And Delivery Outlook

On Wednesday, HSBC upgraded Embraer S.A. (NYSE:ERJ)’s rating from Hold to Buy, citing a strong backlog of orders and promising delivery projections.

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June 5 - News

Goldman Sachs Upgrades XP Inc. (XP) To Buy, Raises Price Target

The firm cited the Brazilian company’s robust operating leverage, revenue mix, and upside potential, which could come into use if interest rates were to decline faster than ...

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June 5 - News

BofA Securities Lifts ACADIA Pharmaceuticals Inc. (ACAD)’s Price Target To $23, Maintains Neutral Rating

[caption id="attachment_1202489" align="aligncenter" width="1456"] A research scientist looking through a microscope in a lab, symbolizing the biopharmaceutical company's innovative...

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June 5 - News

Mizuho Lifts Credo Technology Group Holding Ltd (CRDO)’s Price Target to $81, Maintains Outperform Rating

On Tuesday, analysts at Mizuho raised Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s price target to $81 from $70, while maintaining an Outperform rating for its shares.

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June 4 - News

H.C. Wainwright Reaffirms Corcept Therapeutics Incorporated (CORT)’s $145 Price Target, Maintains Buy Rating

H.C.

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June 4 - News

Entrust Picks Wipro Limited (WIT) to Accelerate Growth Strategy

Wipro Limited (NYSE:WIT) has announced the signing of a multi-year agreement with Entrust, a leading provider of identity-centric security solutions.

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June 4 - News

Citi Maintains $55 Price Target, Buy Rating for Braze, Inc. (BRZE)

On Tuesday, Citi analysts maintained their Buy rating and $55 price target for Braze, Inc. (NASDAQ:BRZE).

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June 4 - News

RTX Corporation (RTX) Awarded $536M Navy Contract For SPY-6 Family Of Radars

This is a follow-on contract to the previously announced integration and support contract, and includes upgrades to the Flight IIA destroyers with the SPY-6(V)4 variant.

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June 4 - News

UBS Lifts Constellation Energy Corporation (CEG)’s Price Target To $360 After Meta Deal

On Tuesday, UBS analysts raised Constellation Energy Corporation (NASDAQ:CEG)’s price target to $360 from $320, while maintaining a Buy rating for its shares.

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June 3 - News

Meta Platforms, Inc. (META) Strikes Nuclear Power Deal with Constellation Energy Corporation (CEG)

The move comes amid a growing wave of Big Tech companies teaming up with the industry to secure electricity as power demand in the United States rises for the first time in two...

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June 3 - News

Toyota Industries to Accept Toyota Motor Corporation (TM)’s $42B Takeover Bid, Nikkei Reports

[caption id="attachment_1212183" align="aligncenter" width="1456"] Workers assembling a car in a modern manufacturing plant, emphasizing the company's sense of progress.[/caption...

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June 2 - News

Apple Inc. (AAPL) Challenges EU Law Requiring it to Open up to Rivals

Apple Inc. (NASDAQ:AAPL) on Monday said the interoperability requirements hamper innovation. It also cited the privacy risks that come with it.

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June 2 - News

Braze, Inc. (BRZE) Completes Acquisition of OfferFit

Braze, Inc. (NASDAQ:BRZE) on Monday said it had successfully completed the acquisition of OfferFit.

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June 2 - News

Raymond James Initiates Coverage of Badger Meter, Inc. (BMI) with Market Perform Rating

The analysts expressed concerns over the company’s valuation, given its price-to-earnings ratio of 55.14 and shares trading at a near 52-week high, which suggests the stock ...

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June 2 - News

Citi Lifts Broadcom Inc. (AVGO)’s Price Target to $276, Maintains Buy Rating

The revision comes ahead of the company’s second quarter results for fiscal year 2025, which are set to be released this Thursday. Analysts at Citi expect Broadcom Inc.

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June 2 - News

The Walt Disney Company (DIS) Laying Off Hundreds Across Multiple Teams, Media Reports

The Walt Disney Company (NYSE:DIS) is laying off several hundred employees globally, according to reports released on Monday.

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June 2 - News

Vodafone Group Public Limited Company (VOD) and CK Hutchison Complete UK Merger, Plan £11B Investment

Vodafone Group Public Limited Company (NASDAQ:VOD) and CK Hutchison Group Telecom Holdings Limited (CKHGT) have announced that Vodafone UK and Three UK completed their merger ...

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June 2 - News

Lockheed Martin Corporation (LMT) Partners with Red Hat on UAV Swarm Technologies

Lockheed Martin Corporation (NYSE:LMT) has announced it has teamed up with Red Hat to accelerate the development of swarm autonomy technologies for uncrewed aerial vehicles.

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May 30 - News

HSBC Holdings plc (HSBC) To Wind Down US Business Banking Unit: WSJ

HSBC Holdings plc (NYSE:HSBC) is closing its business banking unit in the United States to simplify its operations and shift its focus to the Asia and Middle East markets, according...

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May 30 - News

Stephens & Co. Cuts Salesforce, Inc. (CRM)’s Price Target to $309 from $311, Maintains Equal-Weight Rating

On Friday, Stephens & Co. analyst Brett Huff adjusted Salesforce, Inc. (NYSE:CRM)’s price target to $309 from $311, while maintaining an Equal-Weight rating for its shares.

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May 30 - News

Embraer S.A. (ERJ) Expands Footprint in India with New Subsidiary

Embraer S.A.

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May 30 - News

Mondelez International, Inc. (MDLZ) Sues Aldi, Alleging the Supermarket Chain Copies Its Packaging

Aldi has not yet responded to media queries on the matter. Its U.S. branch in Batavia, Illinois, was named in the lawsuit.

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May 30 - News

Morgan Stanley Lifts Salesforce, Inc. (CRM)’s Price Target to $404, Maintains Overweight Rating

On Thursday, Morgan Stanley lifted Salesforce, Inc. (NYSE:CRM)’s stock price target from $393 to $404, while maintaining an Overweight rating for its shares.

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May 29 - News

Elbit Systems Ltd. (ESLT) Secures $330M in Naval Defense Contracts

Elbit Systems Ltd.

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May 29 - News

Morgan Stanley Raises NVIDIA Corporation (NVDA)’s Stock Price Target to $170, Maintains Overweight Rating

The firm’s analyst expressed optimism about the company’s outlook, which stems from several factors.

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May 29 - News

FTC will Require Synopsys and ANSYS to Divest Assets to Resolve Merger Concerns

The Federal Trade Commission (FTC) announced on Wednesday that it will require Synopsys, Inc. (NASDAQ:SNPS) and ANSYS, Inc.

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May 28 - News

Raymond James Lifts Coherent Corp. (COHR)’s Stock Price Target to $96, Maintains Strong Buy Rating

Raymond James analyst Simon Leopold on Wednesday raised Coherent Corp.

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May 28 - News

Chevron Corporation (CVX) Terminates Venezuela Contracts But Will Retain Staff, Says Report

Chevron Corporation (NYSE:CVX) has terminated the contracts it had to operate in Venezuela and has delegated its joint-venture governance to its partner, PDVSA, reported Reuters...

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May 28 - News

UAW Members at General Dynamics Corporation (GD)’s Submarine Division Vote to Ratify New Contract

The United Auto Workers (UAW), which represents approximately 2,400 marine drafters at the company, stated that 85% of its members voted in favor of the new five-year agreement...

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May 28 - News

RTX Corporation (RTX) Says Pratt & Whitney Strike Will Constrain Q2 Cash Flow

The three-week-long strike by Pratt & Whitney engine workers is likely to weigh on RTX Corporation (NYSE:RTX)’s cash flow during the second quarter, CEO Chris Calio told the...

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May 28 - News

Tesla, Inc. (TSLA) Set to Launch Robotaxi Service in Austin on June 12: Bloomberg News

Tesla, Inc. (NASDAQ:TSLA) is expected to launch its long-awaited robotaxi service in Austin on June 12, Bloomberg News reported on Wednesday.

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May 28 - News

General Motors Company (GM) to Invest $888 Million in Tonawanda Propulsion Plant

General Motors Company (NYSE:GM) on Tuesday announced plans to invest $888 million in its Tonawanda Propulsion plant to support the production of the sixth generation of V-8 engines...

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May 27 - News

Truist Lifts AutoZone, Inc. (AZO)’s Stock Price Target to $4,038, Maintains Buy Rating

Truist Securities on Tuesday expressed confidence in AutoZone, Inc.

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May 27 - News

Machinists at RTX Corporation (RTX)’s Pratt & Whitney Approve New Contract, End Strike

Machinists at RTX Corporation (NYSE:RTX)’s Pratt & Whitney have approved a new four-year contract, bringing an end to their three-week-long strike over job security, wages, ...

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May 27 - News

Rumble Inc. (RUM) Announces Strategic Partnership with TRON

Video-sharing platform and cloud services provider Rumble Inc.

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May 27 - News

TELUS Corporation (TU) To Invest C$70 Billion in Canada Over the Next 5 Years

TELUS Corporation (NYSE:TU) has announced that it will invest C$70 billion ($51 billion) in Canada over the next five years to support AI data factories, enhance connectivity, ...

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May 27 - News

L3Harris Technologies, Inc. (LHX) to Support Canada’s National Security with Advanced ISR Imaging Technology

On Monday, L3Harris Technologies, Inc.

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May 26 - News

Toyota Motor Corporation (TM) to Begin Construction of New Tokyo Head Office, Opening Planned for FY2030

The new facility will be located next to the Shinagawa Station, one of Japan’s major transportation hubs.

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May 26 - News

Elon Musk back to working ’24/7′ at Tesla, Inc. (TSLA), X and xAI

On Saturday, Elon Musk announced that he was back to giving "24/7" to his companies: Tesla, Inc. (NASDAQ:TSLA), X, and xAI.

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May 25 - News

NVIDIA Corporation (NVDA) to Launch Cheaper Blackwell AI Chip for China, Says Report

NVIDIA Corporation (NASDAQ:NVDA) is set to launch a new AI chipset for China amid U.S.

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May 25 - News

United Airlines Holdings, Inc. (UAL) and Flight Attendants Reach Tentative Contract Agreement, Says Union

United Airlines Holdings, Inc.

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May 24 - News

Wedbush Raises Oklo Inc. (OKLO)’s Price Target to $55, Maintains Outperform Rating

Wedbush analyst Dan Ives on Friday lifted Oklo Inc. (NYSE:OKLO)’s stock price target to $55 from $45, while maintaining an Outperform rating on its shares.

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May 24 - News

Trump threatens Apple Inc. (AAPL) with New Tariffs if iPhones Not Made in U.S.

President Trump has threatened Apple Inc. (NASDAQ:AAPL) with a 25% tariff for iPhones made outside the country.

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May 24 - News

Leerink Partners Upgrades Fulcrum Therapeutics, Inc. (FULC) to Outperform, Raises Price Target

The analyst cited a favorable risk-reward setup as the reason behind the upgrade, ahead of the trial readout for Pociredir, its lead clinical program, to treat sickle cell disease...

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May 23 - News

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