Investing.com -- U.S. President Donald Trump signed a proclamation on Wednesday ordering tariffs on copper imports, citing national security concerns.
The White House announced that the new measure will impose a 50% tariff on semi-finished copper products and copper-intensive derivative products.
The tariffs are set to take effect on August 1, according to a fact sheet released by the White House.
Investing.com --Wolfe Research stuck to its Outperform rating on Boeing (NYSE: BA) while bumping its price target by $10 to $250, saying the 4% decline in shares after its second-quarter results appears out of step with improvement in the company’s full-year free cash flow outlook.
Boeing now expects to burn $3 billion in cash in 2025, compared with earlier guidance of $4–5 billion. That marks a 15% improvement versus consensus. Second-quarter free cash flow also beat... (continue reading...)
Investing.com -- UBS upgraded Peloton Interactive (NASDAQ: PTON) to Buy from Neutral saying fitness company’s deeper cost cuts and improving operating efficiencies would drive stronger-than-expected earnings by next year.
The brokerage lifted its price target to $11 from $7.50, saying Peloton’s efforts to shrink its retail footprint, cut general and administrative expenses, and reduce technology spending could add more than $80 million in operating savings on top of its... (continue reading...)
Investing.com -- Sprout Social (NASDAQ: SPT) announced the acquisition of NewsWhip, an AI-powered predictive media intelligence company, in a deal worth $55 million in cash plus potential performance-based earnouts of up to $10 million over the next two years.
The transaction, which closed on Tuesday, was funded using Sprout's revolving credit facility and cash reserves. The acquisition aims to expand Sprout Social's footprint in the predictive intelligence... (continue reading...)
Investing.com -- Cantor Fitzgerald upgraded Seagate Technology to Overweight from Neutral, saying the hard drive maker remains well-positioned to benefit from rising cloud storage demand even as the company issued a slightly weaker-than-expected forecast for the current quarter.
Seagate projected September-quarter revenue of $2.50 billion and adjusted earnings of $2.30 per share, both slightly below consensus estimates of $2.53 billion and $2.36, respectively.Cantor said... (continue reading...)
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