Wells Fargo Cuts Norwegian Cruise Line Price Target to $18
Wells Fargo lowered Norwegian Cruise Line’s price target from $20.00 to $18.00 per share while maintaining its Overweight rating.
NCLH
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Capital Economics: EU-China hybrid-car deal could set template for future agreements
The EU will limit imports of Chinese hybrid and plug-in hybrid cars to 350,000 units a year for four years.
European automakersChinese hybrid vehiclesEUR/USD
TD Cowen starts coverage of TeraWulf and Brown & Brown with Buy
TD Cowen set price targets of $21 for TeraWulf and $82 for Brown & Brown, implying upside of 52.5% and 30.4%.
TeraWulfBrown & Brown
US Treasury yield surge fuels mortgage hedging and bond-market pressure
Rising Treasury yields have increased mortgage hedging and selling pressure, while analysts say the effect may be smaller than in past market selloffs.
10-year US Treasuries30-year US TreasuriesMBSSOFR futuresUS mortgage ratesUSD
Amazon price targets cut before Q3 report as AWS outlook stays firm
Wells Fargo and Cantor Fitzgerald trimmed Amazon targets while pointing to faster AWS growth, AI demand and a possible $7 billion Decart deal.
AMZNAWSAmazon Trainium3
Piper Sandler Maintains Underweight Rating on Alexander's
Benzinga reports that Piper Sandler left its Underweight rating on Alexander's unchanged, without providing further details.
Alexander'sALX
Wells Fargo Cuts Price Targets for Three Companies
Wells Fargo lowered targets for Royal Caribbean, Kinsale Capital and Zillow, while keeping Equal-Weight ratings on the latter two, Benzinga reports.
RCLKNSLZG
Piper Sandler Keeps Overweight Ratings on Three Companies
Piper Sandler maintained Overweight ratings on Brixmor Property Group, Essex Property and Newmark Group while cutting price targets for two stocks.
Brixmor Property Group (BRX)Essex Property (ESS)Newmark Group (NMRK)
TD Cowen keeps Buy ratings on three companies unchanged
TD Cowen retained Buy ratings and its price targets for Alignment Healthcare, AerCap Holdings and HCA Healthcare.
Alignment HealthcareAerCap HoldingsHCA Healthcare
Hog Futures Edge Higher as Funds Add More Long Positions
Lean hog futures gained 0.2% early after funds increased net long holdings by more than 7,000 contracts, CFTC data showed.
Lean hog futuresPork futuresLive cattle futures
TD Cowen Keeps Hold Ratings on Three Companies
TD Cowen retained Hold ratings on Artisan Partners Asset, Chevron and RenaissanceRe Holdings, with targets of $33, $225 and $320.
APAMChevronRenaissanceRe Holdings
Indian Overseas Bank to lift MCLR rates across six tenors from October 15
Indian Overseas Bank will raise MCLR rates by 5 basis points across six tenors, while leaving its one-month benchmark unchanged.
Indian Overseas BankINRIndian bank lending rates
U.S. Pending Home Sales Fall to Lowest Level Since 2014
Pending home sales dropped 4% in September as mortgage rates moved above 7%, while the weekly average rate reached 7.28%.
USDU.S. mortgage ratesU.S. housing market
RBC Capital keeps Merck & Co at Sector Perform with $145 target
RBC Capital reaffirmed its Sector Perform rating and $145 price target for Merck & Co, citing international pricing pressure and limited EPS growth.
Merck & Co
Bajaj Alts raises Rs.950 crore in first close of debut property fund
The Bajaj Finserv unit secured Rs.950 crore for its first real estate vehicle, targeting Rs.2,000 crore including a green shoe option.
Bajaj FinservINRIndian commercial real estateGrade A office assets
Chipotle shares slide after Starbucks rejects takeover speculation
Chipotle stock fell after Starbucks denied reports of a possible acquisition, reversing a brief rally driven by speculation about a deal.
CMGSBUXChipotleStarbucks
J.P. Morgan cuts Enact to Underweight on valuation premium
Enact shares fell 1.8% after J.P. Morgan lowered its rating, citing the mortgage insurer’s valuation premium to comparable companies.
Enact Holdings
Morgan Stanley names eBay a top pick as Live Commerce gains momentum
Morgan Stanley raised its eBay estimates and price target to $132, citing stronger GMV growth from the company’s live-selling business.
EBAY
Sun Pharma approves NCD issue worth up to 100 billion rupees
Sun Pharmaceutical Industries has approved issuing non-convertible debentures with a total value of up to 100 billion rupees.
Sun Pharmaceutical Industries Ltd
RBC Capital keeps bullish ratings on Eli Lilly and AEVEX
RBC Capital reiterated Outperform ratings for Eli Lilly and AEVEX, with price targets of $1500 and $26, respectively.
Eli Lilly (LLY)AEVEX (AEVA)