North American Morning Briefing : Tech Stocks Fall -2-
TH.TO
Theratechnologies Sale Process Update: Bd of Directors Decided to Further Evaluate the Potential Sale of the Co Through an Open and Non-Exclusive Process; Special Committee, Consisting of Independent and Disinterested Directors, to Oversee Process and Make a Recommendation to Full Bd; In Addition to Barclays as Fincl Adviser, Special Committee Engaged Raymond James as Independent Fincl Adviser:
Theratechnologies Doesn't Intend to Provide Further Updates or Comments Other Than as Required Pursuant to Applicable Securities Laws
3iQ Bitcoin ETF: 3iQ Solana Staking ETF Will Begin Trading on the Toronto Stk Exchange April 16
Expected Major Events for Wednesday
06:00/UK: Mar SUSPENDED: UK producer prices
06:00/UK: Mar CPI
08:00/ITA: Mar CPI
08:30/UK: Feb UK House Price Index
08:30/UK: Jan Card Spending statistics
09:00/ITA: Feb Balance of Payments
11:00/US: 04/11 MBA Weekly Mortgage Applications Survey
12:30/US: Mar Advance Monthly Sales for Retail & Food Services
13:15/US: Mar Industrial Production and Capacity Utilization
13:45/CAN: Bank of Canada interest rate announcement
14:00/US: Feb Manufacturing & Trade: Inventories & Sales
14:00/US: Apr NAHB Housing Market Index
14:30/US: 04/11 EIA Weekly Petroleum Status Report
20:00/US: Feb Treasury International Capital Data
23:50/JPN: Mar Provisional Trade Statistics for the Month
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Wednesday
Abbott Laboratories (ABT) is expected to report $0.78 for 1Q.
Air Industries Group (AIRI) is expected to report for 4Q.
Alcoa Corp (AA) is expected to report $1.90 for 1Q.
BancFirst Corp (BANF) is expected to report $1.58 for 1Q.
Bank OZK (OZK) is expected to report $1.41 for 1Q.
Banner Corp (BANR) is expected to report $1.22 for 1Q.
CSX Corp (CSX) is expected to report $0.38 for 1Q.
Chemung Financial Corp (CHMG) is expected to report $1.20 for 1Q.
Citizens Financial Group (CFG) is expected to report $0.75 for 1Q.
Cohen & Steers Inc (CNS) is expected to report $0.65 for 1Q.
FNB Corp (FNB) is expected to report $0.30 for 1Q.
First Horizon Corp (FHN) is expected to report $0.40 for 1Q.
First Industrial Realty Trust Inc (FR) is expected to report $0.37 for 1Q.
Great Southern Bancorp Inc (GSBC) is expected to report $1.27 for 1Q.
Hennessy Advisors Inc (HNNA) is expected to report for 1Q.
Home BancShares Inc (HOMB) is expected to report $0.53 for 1Q.
Kinder Morgan Inc (KMI) is expected to report $0.36 for 1Q.
Las Vegas Sands Corp (LVS) is expected to report $0.57 for 1Q.
Liberty Energy Inc (LBRT) is expected to report $0.03 for 1Q.
Marten Transport Ltd (MRTN) is expected to report $0.05 for 1Q.
Martin Midstream Partners LP (MMLP) is expected to report $0.24 for 1Q.
Matinas BioPharma Holdings Inc (MTNB) is expected to report for 4Q.
Metro Inc (MRU.T,MTRAF) is expected to report $0.99 for 2Q.
Movado Group Inc (MOV) is expected to report $0.39 for 4Q.
National American University Holdings Inc (NAUH) is expected to report for 3Q.
Old Second Bancorp (OSBC) is expected to report $0.43 for 1Q.
PACS Group Inc (PACS) is expected to report for 4Q.
Plumas Bancorp (PLBC) is expected to report $1.12 for 1Q.
Progressive Corp (PGR) is expected to report.
Prologis Inc (PLD) is expected to report $0.61 for 1Q.
RM2 International Inc (RMTO) is expected to report for Full year.
Rexford Industrial Realty (REXR) is expected to report $0.26 for 1Q.
SL Green Realty Corp (SLG) is expected to report $-0.45 for 1Q.
Synovus Financial Corp (SNV) is expected to report $1.12 for 1Q.
Syros Pharmaceuticals Inc (SYRS) is expected to report $-0.38 for 4Q.
The Travelers Cos Inc (TRV) is expected to report $0.79 for 1Q.
Triumph Financial Inc (TFIN) is expected to report $0.05 for 1Q.
US Bancorp (USB) is expected to report $0.98 for 1Q.
United Security Bancshares (UBFO) is expected to report for 1Q.
Winmark Corp (WINA) is expected to report $2.74 for 1Q.
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ANALYST RATINGS ACTIONS
Air Products & Chemicals Cut to Underperform From Neutral by B of A Securities
Ameresco Cut to Neutral From Outperform by Baird
Aptiv Cut to Equal-Weight From Overweight by Barclays
Archer Daniels Midland Raised to Neutral From Underperform by B of A Securities
Church & Dwight Raised to Buy From Neutral by B of A Securities
Coty Cut to Underperform From Buy by B of A Securities
Dow Cut to Underperform From Buy by B of A Securities
DuPont de Nemours Raised to Neutral From Underperform by B of A Securities
Element Solutions Raised to Buy From Neutral by B of A Securities
Elevance Health Cut to Neutral From Outperform by Baird
Exelon Cut to In-Line From Outperform by Evercore ISI Group
Expand Energy Raised to Overweight From Equal-Weight by Barclays
General Motors Cut to Equal-Weight From Overweight by Barclays
Gentex Cut to Neutral From Outperform by Baird
Green Plains Cut to Neutral From Buy by B of A Securities
HCA Healthcare Cut to Neutral From Outperform by Baird
Hexcel Cut to Equal-Weight From Overweight by Wells Fargo
Hormel Foods Raised to Neutral From Underperform by B of A Securities
Howmet Aerospace Cut to Equal-Weight From Overweight by Wells Fargo
HubSpot Raised to Buy From Neutral by UBS
Huntsman Cut to Neutral From Buy by B of A Securities
Ironwood Pharmaceuticals Cut to Equal-Weight From Overweight by Wells Fargo
Ironwood Pharmaceuticals Cut to Hold From Buy by Jefferies
KKR & Co. Raised to Buy From Hold by HSBC
Littelfuse Cut to Neutral From Outperform by Baird
Mercedes-Benz Appoints Adam Chamberlain as CEO for U.S. Market
Molina Health Cut to Neutral From Outperform by Baird
Neurocrine Raised to Buy From Hold by Needham
PepsiCo Cut to Neutral From Buy by B of A Securities
PPG Industries Cut to Neutral From Buy by B of A Securities
Rallybio Cut to Hold From Buy by Jones Trading
Tenet Healthcare Cut to Neutral From Outperform by Baird
Triumph Group Raised to Neutral From Underweight by JP Morgan
Universal Health Cut to Neutral From Outperform by Baird
Verve Therapeutics Raised to Overweight From Neutral by Cantor Fitzgerald
Visteon Cut to Equal-Weight From Overweight by Barclays
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
04-16-25 0635ET