ADVFN US – Market Content Editor
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HSBC Upgrades Target to Buy and Raises Price Target to $190
Target (NYSE:TGT) was upgraded to Buy by HSBC, with analyst Joe Thomas raising his price target to $190 from $125 per share after the retailer’s second-quarter results showed higher comparable sales and customer traffic. Thomas said the latest results supported HSBC’s view that Target’s recovery was being driven by increased customer visits rather than higher…
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Jabil Shares Fall 4% Despite Fourth-Quarter Earnings Beat and Higher Fiscal 2027 Outlook
Jabil Inc. (NYSE:JBL) shares fell around 4% in pre-market trading on Wednesday despite the company reporting fourth-quarter earnings and revenue above analyst expectations and issuing fiscal 2027 guidance ahead of consensus forecasts. Adjusted earnings per share were $4.40, exceeding the consensus estimate of $4.06 by $0.34. Revenue reached $10.6 billion, above the analyst estimate of…
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Conagra Brands Shares Rise 3.2% After First-Quarter Earnings Beat
Conagra Brands, Inc. (NYSE:CAG) shares rose 3.15% in pre-market trading after the company reported first-quarter adjusted earnings above analyst expectations and reaffirmed its fiscal 2027 guidance. Adjusted earnings per share were $0.41, exceeding the consensus estimate of $0.28 by $0.13. Revenue totalled $2.6 billion, slightly above the analyst estimate of $2.59 billion, although sales declined…
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FactSet Shares Fall 3.5% as Fiscal 2027 Guidance Comes in Below Expectations
FactSet Research Systems Inc. (NYSE:FDS) shares fell 3.45% in pre-market trading on Wednesday after the financial data and analytics provider issued fiscal 2027 earnings and revenue guidance below analyst expectations, despite reporting fourth-quarter results ahead of consensus estimates. FactSet reported adjusted earnings of $4.52 per share for the fourth quarter, exceeding the analyst estimate of…
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Yiren Digital Shares Rise 6.1% as Second-Quarter Loss Narrows
Yiren Digital Ltd. (NYSE:YRD) shares rose 6.11% in pre-market trading on Wednesday after the financial technology company reported a narrower second-quarter net loss compared with the previous quarter, alongside lower revenue and improved delinquency rates. For the quarter ended June 30, 2026, Yiren Digital reported a net loss of RMB449.6 million, equivalent to RMB5.11 per…
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Elf Beauty Shares Rise as Canaccord Tracker Shows 11.6% Sales Growth
Elf Beauty (NYSE:ELF) shares moved higher after Canaccord’s sales tracker showed the cosmetics company continued to grow faster than the broader beauty category during the two weeks ended September 20. Dollar sales for E.l.f. Cosmetics increased 11.6% year on year during the period, supported by a 17.0% increase in unit sales. The growth came despite…
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Novo Nordisk Study Reports Weight Loss After Patients Switch to Oral Wegovy
Novo Nordisk (NYSE:NVO) released real-world data from the OCTANE study showing that adults with overweight or obesity who switched from injectable GLP-1 medicines to once-daily oral semaglutide, marketed as the Wegovy pill, lost an average of 4.1% of their body weight over three months. The average reduction was 8.8 lbs, based on an average starting…
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Robinhood Introduces AI Tools, Perpetual Futures and 24/7 Equity Trading
Robinhood Markets (NASDAQ:HOOD) introduced a series of new products for active traders at its annual Summit event, including artificial intelligence tools, perpetual futures and expanded round-the-clock equity trading. Deutsche Bank maintained its Buy rating and $134 price target on Robinhood following the company’s “Engines of Creation” event, which was held on Monday and Tuesday. Chief…
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General Mills Names Dana McNabb as CEO From January 2027
General Mills (NYSE:GIS) has appointed Chief Operating Officer Dana McNabb as its next chief executive officer, succeeding Jeff Harmening from January 1, 2027. The company’s board of directors unanimously elected McNabb to the position, while Harmening will transition to executive chair of the board on the same date. McNabb has worked at General Mills for…
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HPE Shares Rise 4.5% After Networking Outlook Upgrade and $1.2 Billion Vultr AI Deal
Hewlett Packard Enterprise (NYSE:HPE) shares rose 4.5% on Wednesday after the company raised its long-term networking revenue outlook and announced a $1.2 billion artificial intelligence systems agreement with cloud provider Vultr. The Vultr agreement represents the first major order for AMD Helios AI Rack by HPE systems. The infrastructure is scheduled to be deployed across…