WEX Goes to Court: HP Sued for Alleged Trademark Misuse
WEX Inc. files federal lawsuit against HP for infringing trademarks with their HP Wex product, causing confusion in the marketplace.
Deckers Outdoor Faces Direct-To-Consumer Growth Slowdown, Analyst Downgrades Stock
Analyst lowers rating on DECK and price target due to weaker DTC growth. EPS estimates also reduced for FY24-26.
Black Gold Bonanza: Analyst Bets On Chevron, Citing Price Outlook
Analyst remains optimistic that Chevron will prevail in the arbitration against Exxon Mobil and CNOOC in Guyana.
Nike Bets On Olympics to Boost Performance Sales: Report
NIKE shares rise as it launches Olympic kits for sponsored teams & athletes. BofA upgrades stock with $113 price target.
Legal Battle Over Enbridge Pipeline: Biden Administration Reportedly Urges Review
Biden admin urges appeals court to reconsider order for Enbridge to drain part of pipeline on tribal land, citing treaty violation.
Why Industrial And Construction Supplies Distributor Fastenal’s Shares Are Down Today
Fastenal reported 1.9% Y/Y sales growth, missing consensus. Gross margin and EPS declined. Dividend declared. Onsite locations and MEUs grew.
STMicroelectronics Flips the Switch on Sustainability With Another Renewable Energy Agreement In Italy
STMicroelectronics signs 10-year PPA with Centrica for renewable energy supply in Italy starting Jan 2025, aims for carbon neutrality by 2027.
Cenovus Energy Pumps $1.5B Into Ohio Refineries: Report
Cenovus Energy Inc. to invest $1.5B in Ohio refineries & add 115 jobs. Partnership praised by local officials. Reserves at 5.9B BOE.
Boeing Faces Delivery Downturn, But Analyst Sees Bright Spots In Orders
Stifel analyst lowered Boeing price target to $260 from $270 and maintained Buy rating. Lower deliveries reported.
Insurance Data Spooks Analyst Amid Industry Jitters, Arthur J. Gallagher Loses Favor
Truist Securities downgraded Arthur J. Gallagher & Co. to Hold and lowered price target to $255 due to negative industry data and slowing growth.