RBC Capital Markets has lowered its rating on Wizz Air to 'Underperform,' arguing that investors are overestimating the airline's profit recovery pace and that recent earnings were artificially boosted by one-off gains.
London's FTSE 100 gained on Friday, buoyed by signs of diplomatic progress in the Middle East and a significant £5.7 billion takeover approach for airline easyJet from Apollo Global Management.
Citi analysts have identified MongoDB, Snowflake, and Palantir as top software stocks, citing their strong positioning to capture enterprise spending that is increasingly focused on AI and data infrastructure with clear returns on investment.
Shares of the German steelmaker jumped over 10% after JPMorgan upgraded the stock to Overweight, citing a new EU steel safeguard regime expected to boost domestic producers.
Swedish property manager KlaraBo Sverige reported a 4.7% year-over-year increase in second-quarter rental income and beat revenue estimates, but posted a net loss due to non-cash valuation changes on its properties and derivatives.
Norwegian silicon producer Elkem reported second-quarter earnings that surpassed analyst expectations, though profits declined year-over-year due to falling prices for its core products. The company highlighted progress on its cost-cutting initiatives.
U.S. stock index futures were little changed in overnight trading following a broad market rally, as investors weighed signs of a potential diplomatic opening with Iran against persistent inflation concerns.
Fidji Simo, OpenAI's head of products and business, is stepping down from her full-time position due to health reasons, a significant leadership change as the AI firm eyes a potential IPO.
B. Riley Securities reiterated its Buy rating and $270 price target for VSE Corporation, citing the company's successful shift into a higher-margin aviation aftermarket platform and strong synergy from its recent acquisition.
