Dow closes high on earnings; dollar flat after Fed chair report
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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
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
3M (MMM) PT Raised to $257 at BofA/Merrill Lynch Following 3Q
October 25, 2017 9:34 AM EDTBofA/Merrill Lynch raised its price target on 3M (NYSE: MMM) to $257.00 (from $227.00) while maintaining a Buy rating following the company's 3Q. 3Ms EPS of $2.33 beat the consensus of $2.21. 3M recorded strategic investments of $48mn ($0.06/sh) in 3Q, below estimates of $0.11 but... More
Caterpillar (CAT) PT Raised to $140 at Baird Following 3Q
October 25, 2017 8:42 AM EDTBaird raised its price target on Caterpillar (NYSE: CAT) to $140.00 (from $130.00) while maintaining a Neutral rating following the company's 3Q report. CAT reported adjusted EPS of $1.95, above consensus of $1.27.
2017 guidance was raised, given recent dealer inventory dynamics 4Q appears to have upside. CAT expects 2017... More
3M (MMM) PT Raised to $209 at RBC Capital Following 3Q Beat
October 25, 2017 7:47 AM EDTRBC Capital raised its price target on 3M (NYSE: MMM) to $209.00 (from $205.00) while maintaining a Sector Perform rating following the company's 3Q release. The company reported a 12c EPS beat in the quarter. 3M achieved flat pricing in 3Q17, quelling some of the... More
