Jefferies Upgrades Gap to Buy as Turnaround Gains Momentum
Jefferies upgrades Gap to Buy with a new $30 price target, citing strong brand turnaround, rising momentum at Athleta, and big potential in the beauty segment.
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Luminar Q3 2025: Revenue Up 20% But Cash Crisis Deepens
Luminar (LAZR) reports 20% revenue increase in Q3 2025 but faces serious cash crunch with only $74M remaining. Company exploring sale options and restructuring debt.
LKQ Plans $1 Billion Sale of Keystone Auto Parts Division
Auto parts supplier LKQ Corp is planning to sell its Keystone specialty division for around $1 billion as investors pressure the company to maximize shareholder value and restructure operations.
Wells Fargo Upgrades Nike to Overweight as Outlook Brightens
Wells Fargo upgrades Nike (NKE) to Overweight with a new $75 price target, citing improving sales, margins, and innovation momentum.
Flutter Slashes Profit Forecast Amid Customer Winning Streaks, Launches FanDuel Predicts
Flutter Entertainment cuts 2025 profit outlook to $2.9B as gamblers' winning streaks hit payouts. Company launches FanDuel Predicts app to tap prediction markets opportunity.
JD.com Beats Q3 Revenue Forecasts Despite Profit Plunge on New Business Investments
JD.com's (JD) Q3 revenue surged 15% to $42B, surpassing estimates with Singles Day success and 700M active users, though net income dropped 55% amid aggressive expansion into food delivery.