Turnaround Doubts Grow: Evercore Cuts Nike to In Line, Warns on Wholesale Resets and FY27 Outlook
Latest downgrade highlights execution risks and questions the pace of Nike’s multi-year turnaround.
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JPMorgan Bullish on IBM: Upgrades to Overweight Citing H2 2026 Software Surge
JPMorgan upgrades IBM to Overweight from Neutral, citing strong second-half 2026 software acceleration, Red Hat OpenShift momentum, and HashiCorp-driven tailwinds.
Edgewell Rebuffs Yellow Wood’s $30/Share Acquisition Proposal Amid Portfolio Shift
Shares surged 10% after the news as the company focuses on its core grooming and sun care portfolio.
Citi Stays Bullish on Roblox Despite Stock Drop and Weak CCU Trends
Despite launching Grow a Garden 2, Roblox saw a 5% year-over-year decline in users. Citi maintains a Buy rating and a $70 price target amid Q2 concerns.
Qualcomm Nears $4 Billion Acquisition of AI Startup Modular
The deal would boost Qualcomm’s AI software capabilities and challenge NVIDIA’s dominance in AI inference.
Avis Budget Group Settles $650 Million Lawsuit with Pentwater
Avis Budget Group has reached a $650 million settlement with Pentwater Capital to resolve its short-swing profits lawsuit. The agreement is subject to court approval.