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Raymond James on Thursday launched analyst coverage of six insurers, with Prudential Financial Inc. PRU, -0.11% (price target $115), Voya Financial Inc. VOYA, -0.77% (price target $84) and Globe Life Inc. GL, -0.08% (price target $138) all drawing strong buy ratings. Raymond James assigned market perform ratings to MetLife Inc. MET, -0.79%, Principal Financial Group […]
Shares of Eli Lilly & Co. Inc. LLY, +2.04% gained 2.5% in premarket trading on Thursday after UBS upgraded the stock to buy from neutral, saying Mounjaro, the company’s newly approved Type 2 diabetes drug, could be “the biggest drug ever.” UBS analysts predict peak sales of $25 billion if the therapy is also approved […]
New York City held on to its top ranking over No. 2 London among cities in the Global Financial Centres Index, Reuters reported Thursday, citing data from London-based think tank Z/Yen. Hong Kong fell to fourth place and Singapore moved up to third. Moscow’s ranking dropped to 73rd from 51 in the face of economic […]
Activist shareholder Ancora Holdings Group LLC on Thursday urged the board of Kohl’s Corp. KSS, +0.14% to replace its chairman Peter Boneparth and chief executive Michelle Gass with a leader with turnaround experience. In a letter to the board made public, Ancora said the retailer’s “botched strategic review, credit downgrade, dramatic decline in sales, elevated […]
Shares of Royal Caribbean Group RCL, +1.49% rose 0.5% in premarket trading Thursday, after the cruise operator said demand remains “strong,” as bookings have been “significantly outpacing” pre-pandemic 2019 levels. The company said the easing of COVID-19 testing and vaccination requirements from most of its cruises had an “immediate positive impact” on bookings for 2022 […]
• EUR50 reversed from support area • Likely to rise to resistance level 3535.0 EUR50 index recently reversed up from the support area located between the long-term support level 3420.00 (which stopped all previous downward impulses from March) and the lower daily Bollinger Band. The upward reversal from this support area stopped the C-wave of […]