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Rails Back On Track: Analyst Upgrades Union Pacific And Norfolk Southern, Predicts Strong Intermodal Recovery

By Lekha Gupta
January 22, 2:09 PM
Analyst David Vernon forecasts a positive trajectory for U.S. rail stocks in FY24. Navigate the evolving market with strategic upgrades: Union Pacific Corp (UNP) and Norfolk Southern Corp (NSC). UNP stands out as a top-quality investment, upgraded to Outperform, while NSC gains momentum with an Outperform rating and a compelling turnaround narrative.

CSX

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Mixed Bag In Paradise: Bank Of Hawaii Q4 Beats On Profit, Despite Revenue Miss, Net Interest Income Takes A Dive

By Lekha Gupta
January 22, 10:18 AM
Bank of Hawaii (BOH) reports Q4 FY23 results, with revenues at $158.07 million, slightly below estimates. The bank, however, exceeds expectations with an Adjusted EPS of $1.01, despite a 4.3% Q/Q dip in net interest income. Total deposits reach $21.1 billion, reflecting consistent growth. Noninterest income, at $42.3 million, experiences a modest Q/Q decline but maintains a positive Y/Y trajectory.

BOH

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Why SolarEdge Shares Are Up Premarket Today

By Lekha Gupta
January 22, 6:40 AM
On Sunday, SolarEdge Technologies revealed a 16% reduction in its workforce, affecting around 900 employees, as part of cost-cutting measures. The company cites alignment with current market dynamics. Despite these changes, CEO Zvi Lando expresses confidence in SolarEdge's long-term growth in the solar energy market and reaffirms commitment to renewable energy transformation.

SEDG

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Sector Shifts: Bank of America Analyst Forecasts Challenging 2024 for Machinery, Downgrades Cummins and GFL, Upgrades PACCAR

By Lekha Gupta
January 19, 3:21 PM
BofA Securities' Michael Feniger adjusts ratings for machinery and energy companies, anticipating challenges in the machinery sector due to slow backlogs and moderating pricing. The analyst downgrades GFL Environmental and Cummins but upgrades PACCAR, reflecting a nuanced outlook amid expectations of a tightening cycle and global economic shifts.

CMI