U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.88%
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- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
Deutsche Bank Upgrades Celanese (CE) to Buy
November 6, 2024 4:53 AM ESTDeutsche Bank analyst David Begleiter upgraded Celanese (NYSE: CE) from Hold to Buy with a price target of $110.00 (from $135.00).
The analyst comments "We are upgrading Celanese to Buy from Hold following the shares' 26% decline post its Q3 earnings release. The reasons for our upgrade are as follows: 1) It was not a surprise Celanese missed Q3 and guided Q4 below consensus as the drivers of the shortfalls - a rapid slowdown in Western Hemisphere automotive and industrial markets, with the European auto sector particularly affected, and weak demand in paints, coatings and... More
Emerson (EMR) PT Raised to $140 at Deutsche Bank
November 5, 2024 4:17 PM ESTDeutsche Bank analyst Nicole DeBlase raised the price target on Emerson (NYSE: EMR) to $140.00 (from $136.00) while maintaining a Buy rating.
The analyst comments "EMR stock traded up nearly 7% today, and while the modest 3% 4Q24 core adj. segment EBITA beat and FY25 guidance positioned 1% above... More
