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- 3M Co<\/strong>: RBC lowered its target price to $96 from $100, citing the company’s insular nature and resistance to significant operational and cultural changes.<\/li>\n
- Apple Inc<\/strong>: Shipments of foreign-branded smartphones to China, including the iPhone, fell 47.4% year-over-year in November. Apple launched a four-day promotion in China to boost sales amid increased competition from domestic rivals like Huawei.<\/li>\n
- Block Inc<\/strong>: Raymond James upgraded its rating to Outperform from Market Perform, citing potential acceleration in seller gross payment volume growth to double digits in 2025.<\/li>\n
- Boeing Co & General Electric Co<\/strong>: GE Aerospace joined investigations into the Jeju Air Boeing 737-800 crash in South Korea. Special inspections of all Boeing 737-800 jets in South Korea were extended, focusing on maintenance practices and part availability.<\/li>\n
- Cameco Corp<\/strong>: Raymond James maintained its Buy rating with a price target of CAD 88.<\/li>\n
- Cencora Inc<\/strong>: The drug distributor raised its annual profit forecast, citing benefits from its $4.4 billion acquisition of Retina Consultants of America.<\/li>\n
- Citigroup Inc<\/strong>: KBW raised its target price to $85 from $82, highlighting opportunities in investment banking and trading due to anticipated improved market conditions.<\/li>\n
- Equinor<\/strong>: The Hammerfest LNG plant in Norway suffered an unexpected outage due to compressor failure, halting output for one week.<\/li>\n
- F5 Inc<\/strong>: RBC raised its target price to $260 from $240, citing improved consistency, a better outlook, and recent peer group multiple compression.<\/li>\n
- Paramount Global<\/strong>: Skydance Media and Paramount defended their $8.4 billion merger against opposition from critics, urging the FCC to dismiss concerns about foreign influence and competition.<\/li>\n
- Papa John\u2019s International Inc<\/strong>: The pizza chain plans to return to the Indian market in 2025, aiming for 650 outlets over a decade.<\/li>\n
- Tesla Inc<\/strong>: Tesla’s China sales hit a record high in 2024, delivering over 657,000 cars, up 8.8% year-over-year. Global deliveries, however, fell for the first time, dragged down by reduced European subsidies and increased competition.<\/li>\n
- Thomson Reuters Corp<\/strong>: CIBC raised its target price to $165 from $164, citing the acquisition of tax automation company SafeSend.<\/li>\n
- Trade Desk Inc<\/strong>: RBC raised its target price to $140 from $136, reflecting improved profitability and growth potential.<\/li>\n
- U.S. Steel Corp<\/strong>: President Joe Biden blocked Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel, citing political and economic implications.<\/li>\n
- Zegona Communications<\/strong>: Vodafone Spain, a Zegona unit, agreed to create a new fiber network company with MasOrange, with Zegona expected to hold about 10% of the venture.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n\n\n\n - Apple Inc<\/strong>: Shipments of foreign-branded smartphones to China, including the iPhone, fell 47.4% year-over-year in November. Apple launched a four-day promotion in China to boost sales amid increased competition from domestic rivals like Huawei.<\/li>\n