UBS Cuts California Resources Price Target to $68 From $73
UBS lowered California Resources’ price target from $73 to $68 per share while maintaining its Buy rating, according to Benzinga’s report.
California ResourcesCRC
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UBS Cuts Price Targets for American Homes 4 Rent and Invitation Homes
UBS lowered its price targets for American Homes 4 Rent and Invitation Homes while keeping Neutral and Buy ratings unchanged, Newsmetry API reports.
AMHINVH
UBS Keeps Buy Rating on UL Solutions, Lifts Target
UBS maintained its Buy rating on UL Solutions and raised the stock’s price target from $96.00 to $97.00 per share, Benzinga reported in its ratings update.
ULS
Snap shares extend winning streak as traders favor call options
Snap options trading topped four times its 30-day average, with $5 million of $5.5 million in premiums directed to bullish calls.
SNAPSnap options$8 callSNAP stock
UBS Keeps Neutral Ratings on Three U.S. Companies
UBS maintained Neutral ratings on Alignment Healthcare, Humana and Corteva. The bank cut ALHC’s target and raised HUM’s target price.
ALHCHUMCTVA
U.S. Public Pension Funding Reaches Highest Level Since 2007
U.S. public pensions reached an estimated 86% funded ratio at September’s end, the highest in nearly 20 years, as stocks rallied and rates rose.
U.S. public pensionsU.S. equitiesU.S. Treasuries
Bitdeer AI signs eight-year deal for Malaysia’s A103 data center
The A103 facility will add 60 MW to Bitdeer AI’s capacity, taking its secured total to about 333.5 MW, or 95% of its 2028 target.
Bitdeer Technologies stock
Travere Therapeutics Grants New Hires Awards Covering 178,580 Shares
Travere Therapeutics awarded 33 new employees options on 36,000 shares and RSUs covering 142,580 shares under Nasdaq Rule 5635(c)(4).
Travere Therapeutics
Citigroup Cuts Regal Rexnord Price Target to $200 From $220
Citigroup lowered its Regal Rexnord price target to $200 per share from $220 while maintaining a Buy rating, Benzinga reported in its analyst actions.
RRX
Kroger Plans to Cut About 3,000 Corporate Jobs in Three Years
Kroger plans to eliminate about 3,000 corporate jobs over three years as it simplifies operations, adopts new technology and seeks to lower prices.
Kroger
Why Trump’s Russia Diesel Deal Is Unlikely to Cut Fuel Prices
Trump’s proposed Russian diesel shipments face legal objections, while analysts say the promised volumes are too small to materially reduce U.S. fuel prices.
DieselDiesel futuresBrentWTI
North Korea tests tactical ballistic missile, KCNA reports
North Korea conducted a tactical ballistic missile test on Monday, state media KCNA reported Tuesday, saying it confirmed an upgraded core component.
Citigroup Lowers PENN Entertainment Price Target to $17
Citigroup lowered PENN Entertainment’s price target from $22.00 to $17.00 per share while keeping its Neutral rating, Benzinga reported.
PENN
SKK Holdings Closes $258.8 Million Rantizo Asset Deal
SKK Holdings completed its purchase of Rantizo’s drone assets and will take the Rantizo name. Nasdaq trading under RNTZ is expected October 13.
RNTZ
Optical stocks slide as investors question the AI spending outlook
Ciena, Lumentum and Coherent fell 10%, 9.8% and 7.9% as investors weighed cautious signals about spending on artificial-intelligence infrastructure.
CIENLITECOHRCSCOGLWMRVL
Palihapitiya and Musk Flag Power as an AI Race Bottleneck
Chamath Palihapitiya and Elon Musk identify power, cooling and infrastructure as AI constraints as Microsoft expands its in-house chip strategy.
MSFTTSLASPCXMicrosoft MaiaAI infrastructure
Citigroup Keeps Buy Ratings on Six Companies, Cuts Targets
Citigroup maintained Buy ratings on six companies while lowering price targets for Herc Holdings, Alliance Laundry, WillScot Holdings, Timken and Terex.
HRIALHDKNGWSCTKRTEX
Seadrill wins $420M Indonesia contract and extends other projects
Seadrill won a $420M Indonesia rig contract and secured longer work in Malaysia and Angola, while adding a short-term U.S. Gulf assignment.
SeadrillWest CarinaWest CapellaSonangol LibongosSevan LouisianaKosmos
MPS flags uncertainties around Intesa Sanpaolo's improved bid
Monte dei Paschi said Intesa’s sweetened offer leaves shareholders facing uncertainty while forcing them to abandon an alternative defence plan.
Monte dei Paschi di SienaIntesa SanpaoloEUR/USD
Earnings season raises the stakes for richly valued AI stocks
Expensive stocks, including AI favorites, have suffered sharp valuation cuts. High Treasury yields are raising the bar for earnings results.
AMDMarvellCorningBloom EnergyS&P 500US 10-Year Treasury Yield