Wall St. loses ground on growth fears, oil slide
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Mizuho Securities Remains Bullish Following Mallinckrodt's (MNK) Solid 2Q Beat
May 4, 2016 7:07 AM EDTMizuho Securities reiterated a Buy rating on Mallinckrodt plc (NYSE: MNK), and raised the price target to $80.00 (from $78.00), following the company's 2Q earnings report. MNK reported revenue of $918M and EPS of $2.01, vs consensus estimates of $872M and $1.73. Management raised EPS guidance to $8.15-$8.50 from... More
