Carlyle Group is reportedly in discussions to transfer its majority stake in sustainability consultancy Anthesis to its private credit lender, Bridgepoint Group, sending the private equity firm's shares higher.
Shares of Zions Bancorp fell sharply despite a second-quarter earnings beat, as a JPMorgan downgrade and investor concerns about one-time gains and future margin pressure overshadowed the headline results.
Shares of cybersecurity firm Rapid7 fell sharply after Morgan Stanley downgraded the stock to "Underweight," citing deteriorating fundamentals and increasing competition from AI-native rivals.
Shopify shares fell after Rothschild Redburn downgraded the stock to Neutral, citing a 'structural competitive threat' from Meta Platforms' AI tools for small businesses. The move was amplified by a significant share sale from ARK Investment Management.
Kratos Defense & Security Solutions (NASDAQ:KTOS) stock climbed 3% after the company announced it secured a sole-source contract worth approximately $156 million to provide mobile counter-drone systems to a U.S. government agency.
Shares of the cybersecurity firm declined after Truist Securities cut its rating to Hold from Buy, citing a more balanced risk/reward profile following a significant year-to-date rally.
Goldman Sachs has cut its rating on Norway's DNB to 'Sell,' citing margin compression, while raising Sweden's Swedbank to 'Neutral' on its sensitivity to higher interest rates and valuation, according to a new research note.
Magnolia Oil & Gas stock declined after the company priced a large public offering at a significant discount to fund its acquisition of private energy producer WildFire Energy.
Shares of the defense and mission-solutions provider climbed after S&P Dow Jones Indices announced the company will join the benchmark, a move that triggers mandatory buying from passive funds.
