Global Markets
Canadian Markets
Canada’s main stock index, the TSX, climbed to another new intra-day all-time high, driven largely by strength in the energy sector, as rising oil prices continued to boost investor appetite for Canadian producers. The gains come despite growing concerns about the broader macroeconomic outlook, including slowing growth, softening labour markets, and persistent inflationary pressures, and policymakers face both downside risks to economic growth and upside risks to inflation, creating a policy environment in which aggressive rate moves are unlikely.
American Markets are closed for the Thanksgiving holiday.
European Markets
European markets posted modest gains, as investor sentiment became slightly more cautious. Newly released economic data suggested the European Central Bank is comfortable with its current interest-rate stance and sees no immediate need for cuts, reinforcing stability but dampening hopes of near-term easing. German consumer confidence improved slightly heading into the holiday shopping season, providing a small boost to stocks.
UK stocks finished flat, as investors and analysts continued to assess the implications of the newly released government budget. The prevailing view is that the fiscal package may ultimately push the Bank of England toward a rate cut at its next meeting, given the weak economic backdrop and the need to support domestic and business activity.
Corporate Stock News
Agco (AGCO)
J.P. Morganreiterated a Buy rating with a $127 price target, reflecting expectations for continued equipment demand and operational resilience.
Amazon (AMZN)
A federal judge granted Amazon a preliminary injunction preventing New York State from enforcing a new labor law that Amazon argues unlawfully regulates private-sector labor relations. STA Research maintained its “Speculative Buy” rating and $260 price target, citing growing optimism around AI and cost-cutting efforts.
Anheuser–Busch InBev (BUD)
Evercore ISI reiterated a Buy rating with a $75 target, reflecting expectations for margin recovery and demand stabilization.
Apple (AAPL)
Robert W. Baird reiterated a Buy rating with a $300 price target, noting Apple’s strong ecosystem and long-term service revenue potential.
Separately, Apple continues to challenge India’s new antitrust penalty rules that could impose fines up to $38 billion.
Arcutis Biotherapeutics (ARQT)
Mizuho Securities issued a Buy rating with a $37 target, despite forecasting modest downside based on regulatory and commercialization uncertainties.
Avadel Pharmaceuticals (AVDL)
Jefferies reiterated a Hold rating with a $22.50 price target, reflecting near-term earnings pressure.
Aya Gold & Silver (AYA:CA)
Scotiabank maintained its Outperform rating with a $19 target, driven by strong production growth expectations.
Badger Infrastructure Solutions (BDGI:CA)
National Bank reiterated a Buy rating with an $84 target, highlighting stable demand for infrastructure services.
Bayer (BAYRY)
Bayer announced the release of its new genetically engineered soybean seed, Intacta 5+, targeting Brazil’s large agricultural market.
Best Buy (BBY)
Evercore ISI reiterated a Hold rating with an $85 target, reflecting cautious expectations ahead of consumer spending data.
Burlington Stores (BURL)
Evercore ISI issued a Buy rating with a $335 price target due to improving merchandising and cost efficiencies.
Cleanspark (CLSK)
BTIG Research reiterated a Buy rating with a $26 target, reflecting strong crypto-mining expansion momentum.
Dell Technologies (DELL)
DBS reiterated a Buy rating with a $179 price target.
Evercore ISI also reiterated Buy, raising the target to $180, driven by AI-server demand strength.
Deere (DE)
BMO Capital reiterated a Hold rating with a $460 target, reflecting soft agricultural equipment demand.
Empire Co. Ltd. (EMP-A:CA)
Scotiabank lowered its target to $57 while maintaining Outperform, citing grocery sector pricing headwinds. National Bank lowered its target to $58 with a Sector Perform rating.
HP (HPQ)
Evercore ISI reiterated a Hold rating with a $25 target, highlighting moderate PC demand.
Impresa (IPR.LS) & MediaForEurope (MFE.MI)
MediaForEurope agreed to acquire 32.9% of Impresa for €17.3 million.
JPMorgan (JPM)
JPMorgan announced it will build a new flagship tower in London’s Canary Wharf, signaling long-term investment confidence in the UK economy.
Li Auto (LI)
DBS reiterated Hold with a $20 target. Macquarie Research issued a Sell rating with a $17 target.
Moderna (MRNA)
Berenberg reiterated a Hold rating with a $26 target due to delayed product launches and uncertain 2028 profitability.
MongoDB (MDB)
Robert W. Baird reiterated Buy with a $335 target, refelcting strong enterprise adoption.
NetApp (NTAP)
Evercore ISI reiterated Hold with a $115 target, reflecting balanced risk–reward following strong storage demand.
Neurocrine Biosciences (NBIX)
Evercore ISI’ reiterated Buy with a $200 price target, reflecting durable earnings strength.
Petco (WOOF)
Evercore reiterated Hold with a $4 target due to slow retail traffic.
Puma (PUMG.DE)
Reportedly in potential takeover discussions with Anta Sports
Shopify (SHOP:CA)
Scotiabank reiterated a Sector Perform rating with a $231.50 target, citing valuation constraints.
Suncor Energy (SU:CA)
CIBC lowered its target to $65 from $70 but maintained Outperform.
Teck Resources (TECK-B:CA)
CIBC raised its target to $61, with a Neutral rating due to improving coal and copper dynamics.
Teva Pharmaceutical (TEVA)
Evercore reiterated a Buy rating with a $29 target.
Vale SA (VALE)
Goldman Sachs reiterated a Buy rating with a $14 target, reflecting expectations for stable iron ore pricing.
Zenas Biopharma (ZBIO)
Evercore ISI reiterated a Buy rating with a $55 target, reflecting a promising immunology pipeline.
Zscaler (ZS)
Evercore ISI reiterated Buy with a $320 target.
Goldman Sach reiterated Hold with a $290 target.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
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