City Bmo Financial News

Amgen (NASDAQ:AMGN) was upgraded to Outperform from Market Perform at BMO Capital on Tuesday, with the price target for the stock raised to $326 from $286 per share.

Apollo Global Management Inc. co-founder Josh Harris’ alternative asset manager 26North Partners LP has struck its first private equity deal.

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for MediaAlpha and Constellation Energy and a downgrade for Roku.

(Updated — January 9, 2024 12:06 PM EST)

SolarEdge Technologies (NASDAQ:SEDG) shares plunged Thursday after the company's third-quarter earnings and revenue missed consensus expectations.

Pfizer on Tuesday urged investors to focus on growth in its non-COVID products such as its new RSV vaccine Abrysvo, after weak demand for its COVID-19 vaccine and treatment pushed the drugmaker to its first quarterly loss since 2019.

US Treasury yields were little changed to modestly higher on Wednesday, as traders took a breather after a months-long sell-off fueled by expectations that the Federal Reserve will keep rates high for some time to bring inflation down to its 2% target. Yields, however, are expected to stay high, with the latest pullback seen as a minor blip. «In the near term, there is pro-active reluctance to buy (Treasuries) particularly given the speed of the latest sell-off,» said Ben Jeffrey, rates strategist, at BMO Capital in New York. «There are definitely enough risks out there in terms of labor market growth and the economy, as well as the risk of a government shutdown that will eventually help to bring some demand and push rates lower,» he added. In the credit default swaps market, the threat of another government shutdown sent one-year credit default swaps to their widest since June 1, when the US government was on the cusp of a technical sovereign default as politicians in Washington haggled over the borrowing limit. U.S. one-year credit default swaps widened to 22 bps on Wednesday, from 21 bps at Tuesday's close.

BMO Capital upgraded Pilgrim's Pride (NASDAQ:PPC) to Outperform from Market Perform with a price target of $28.00, reflecting the view that a greater set of potential catalysts has shifted risk/reward more favorably. Shares jumped more than 9% intra-day today.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at 3M, Zillow, Generac, and RenaissanceRe.

Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Netflix, Nucor, BioMarin Pharmaceutical, and Transocean.

In this article

Stock futures dipped in overnight trading Tuesday ahead of a key inflation reading.

In this article