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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
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- Spain's ex-transport minister sentenced to 24 years for corruption
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Simmons Cuts price target on Hess Corp. (HES) Following a 2Q Review
July 28, 2016 8:34 AM EDTSimmons maintained an Overweight rating on Hess Corp. (NYSE: HES), and cut the price target to $60.00 (from $64.00), following a 2Q earnings review.
Analyst Guy Baber commented, "Despite a tough 2Q characterized by Gulf of Mexico production issues (which should be resolved... More
