ADVFN US – Market Content Editor
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Nike Shares Ease After Evercore Cuts Rating and Lowers Price Target (NKE)
Analyst Downgrade Highlights Near-Term Execution Risks Nike (NYSE:NKE) shares slipped 1.4% in premarket trading on Tuesday after Evercore ISI downgraded the sportswear giant to In Line from Outperform and reduced its price target to $46 from $57. The brokerage cited weakening sales trends, limited product innovation and growing concerns that Nike may need to lower…
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3M Secures Long-Term Airbus A220 Insulation Supply Agreement (MMM)
Partnership Expands Collaboration on Commercial Aircraft Programme 3M (NYSE:MMM) has signed a long-term agreement with Airbus (EU:AIR) to provide thermal and acoustic insulation materials for the Airbus A220 aircraft programme. The deal strengthens the existing relationship between the two companies and positions 3M as a key supplier of advanced insulation technologies for one of Airbus’s…
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Walmart Secures Nuclear Power Supply Deal With Constellation for Illinois Operations (WMT)
Retail Giant Signs Long-Term Agreement for Carbon-Free Electricity Constellation (NASDAQ:CEG) and Walmart (NYSE:WMT) have entered into a long-term power purchase agreement that will provide emissions-free electricity from Constellation’s Dresden Clean Energy Center in Illinois. The arrangement marks Walmart’s first agreement tied directly to nuclear energy and is believed to be one of the first long-term…
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AMC Entertainment Shares Slide After $200 Million Equity Raise Announcement (AMC)
Stock Drops as Investors React to New Share Issuance AMC Entertainment Holdings (NYSE:AMC) shares fell 19% on Tuesday after the cinema operator announced plans to raise $200 million through a registered direct offering of common stock. The sharp decline reflects investor concerns over dilution as the company issues a substantial number of new shares to…
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Akasa Air Targets Strong Expansion as It Navigates Aircraft Delivery Delays (ALK)
Airline Plans 30% Capacity Increase for FY2027 Akasa Air (NYSE:ALK) is aiming to expand capacity by approximately 30% during the fiscal year ending March 2027, according to comments from the airline’s finance chief, as the carrier continues to grow despite ongoing aircraft delivery challenges. The Indian airline is also assessing potential participation in a government-backed…
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Zeta Global Gains After Partnering With Palantir to Build AI-Powered Marketing Platform (ZETA)
Shares Advance on Strategic Collaboration Announcement Zeta Global (NYSE:ZETA) shares climbed 5% on Tuesday after the company unveiled a strategic partnership with Palantir Technologies (NASDAQ:PLTR) aimed at creating a unified data and artificial intelligence infrastructure for enterprise marketing. The collaboration is designed to combine Zeta’s marketing intelligence capabilities with Palantir’s data integration and operational software…
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Accenture Expands Share Repurchase Plan by $2 Billion as Confidence in AI Positioning Grows (ACN)
Stock Gains After Enhanced Capital Return Commitment Accenture (NYSE:ACN) shares moved 2% higher on Tuesday after the consulting and technology services group announced a significant expansion of its fiscal 2026 share repurchase programme. The company increased its planned buyback allocation by $2 billion, reinforcing its commitment to returning capital to shareholders while highlighting confidence in…
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Korn Ferry Tops Fourth-Quarter Forecasts Despite Cautious Near-Term Outlook (KFY)
Earnings and Revenue Come in Ahead of Expectations Korn Ferry (NYSE:KFY) reported fiscal fourth-quarter results that surpassed Wall Street forecasts, driven by broad-based growth across its business segments. Following the announcement, shares of the global consulting and talent solutions firm rose 1.81% in premarket trading. Adjusted earnings per share for the quarter came in at…
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AbbVie Secures EU Approval for Skyrizi in Pediatric Plaque Psoriasis (ABBV)
European Commission Expands Skyrizi Label to Younger Patients AbbVie (NYSE:ABBV) has received approval from the European Commission to use Skyrizi (risankizumab) in children and adolescents aged six years and older with moderate-to-severe plaque psoriasis who are eligible for systemic treatment. The authorization broadens the medicine’s reach within Europe and provides a new treatment option for…
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GCT Semiconductor Repositions Connectivity Portfolio to Capture AI Edge Growth (GCTS)
Company Targets Expanding AI Infrastructure Opportunities GCT Semiconductor Holding, Inc. (NYSE:GCTS) has unveiled a strategic shift aimed at aligning its 5G, satellite and Non-Terrestrial Network (NTN) semiconductor offerings with the rapidly growing AI edge infrastructure market. The San Jose-based chip designer said its portfolio of integrated 5G system-on-chip solutions is well suited to support next-generation…