The investment bank cut its rating on the French chemical company to 'equal-weight' and slashed its price target by 24%, citing a significant reset in earnings estimates driven by normalizing market conditions.
Shares of Swedish polymer group HEXPOL AB surged after the company reported second-quarter earnings and operating profit that surpassed analyst expectations, driven by strong cash flow and contributions from recent acquisitions.
The fashion retailer is reducing prices on hundreds of core apparel items across its 19 markets, a move aimed at reversing a sales decline before its planned demerger from Associated British Foods.
Mobile gaming company Playtika is reportedly negotiating the sale of its SuperPlay studio to Chinese tech giant Tencent in a deal that could deliver a significant return on its 2024 acquisition.
Shares in UK warehouse landlord Segro declined after its board unanimously rejected a third takeover proposal from US rival Prologis, casting doubt on the deal ahead of a regulatory deadline.
The Italian cable manufacturer's stock gained after announcing one of the largest commercial contracts in its history, bolstering its order backlog and investor confidence ahead of its Q2 earnings report.
Chinese AI startup Moonshot AI has paused new subscriptions for its Kimi chatbot after a new model release caused an 'unprecedented' demand surge, straining its computing capacity as it reportedly prepares for a Hong Kong IPO.
The IT services provider saw its stock climb after Berenberg raised its rating to 'buy' and significantly increased its price target, citing a strong trading update and improved profitability.
The Nasdaq is approaching a technical threshold that could prompt significant selling from trend-following investors, according to a new analysis from Citigroup strategists. The bank's models indicate a roughly 1% decline could initiate a deeper unwinding of positions.
