Sysco Buys Jetro Restaurant Depot for $29 Billion
Sysco is buying Jetro for $29B to offer cheaper food and faster service to small restaurants, with more stores and better deals ahead.
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FDA Fast-Tracks Zymeworks’ New Ovarian Cancer Drug ZW191
Zymeworks receives U.S. FDA Fast Track Designation for ZW191, its FRα-targeting antibody-drug conjugate for advanced platinum-resistant ovarian cancer.
Citi Gives Voyager Technologies a Buy Rating with 58% Upside
Citi starts coverage of Voyager Technologies with a Buy rating and $36 price target, citing 58% upside potential driven by missile defense and space megatrends.
Deutsche Bank Upgrades Celsius to Buy – Sees Strong Buying Opportunity
Deutsche Bank upgraded Celsius to Buy from Hold with a $44 price target. Analyst sees a buying opportunity after the recent selloff despite Costco concerns.
Peloton Spikes After Eric Jackson Goes Long at $4
Peloton shares jumped after investor Eric Jackson announced he’s long the stock. He called it cheap on strong free cash flow and highlighted insider confidence.
Citigroup Denies Plans to Buy Regional Bank
Citigroup dismissed as "baseless speculation" a Bloomberg report that it is considering buying a U.S. regional bank. The bank says it remains focused on organic growth and completing its turnaround under CEO Jane Fraser.