Argus Initiates Carvana Coverage With Buy Rating and $500 Target
Financial Modeling Prep· 2025-12-16 21:18
Core Viewpoint - Argus initiated coverage of Carvana (NYSE: CVNA) with a Buy rating and a price target of $500, citing competitive advantages and a favorable growth outlook [1] Company Analysis - Carvana's e-commerce platform for buying and selling used vehicles offers advantages over traditional dealerships in vehicle selection, pricing, quality, and overall customer experience [2] - The company has a history of strong revenue growth, a recent return to profitability, and improving operating trends in its latest results [2] - Management is making progress toward achievable sales and earnings objectives, and the balance sheet is characterized as clean [3] Technical Analysis - The stock has exhibited a bullish pattern of higher highs and higher lows since 2023 [3] Valuation and Market Context - Carvana shares are noted to be more expensive than comparable companies, raising valuation concerns [4] - Despite the valuation concerns, the company's growth runway appears compelling enough to justify the premium valuation, particularly in the near term and within a bullish market environment [4]
First Internet Bancorp to Pay Cash Dividend
Businesswire· 2025-12-16 21:18
The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the "Company†) (Nasdaq: INBK) has declared a quarterly cash di ...
Invest Green Acquisition Corporation Announces the Separate Trading of Its Class A Ordinary Shares and Rights, Commencing on December 22, 2025
Globenewswire· 2025-12-16 21:18
New York, NY, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Invest Green Acquisition Corporation (Nasdaq: IGACU) (the “Company”) today announced that, commencing on December 22, 2025, holders of the units (the “Units”) sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares (the “Ordinary Shares”) and rights (the “Rights”) included in the Units. The Ordinary Shares and Rights received from the separated Units will trade on the Nasdaq Global Market (“Nasdaq”) und ...
Picton Mahoney Asset Management Announces Quarterly Distribution for PICTON Income Fund Exchange Traded Fund Units
Globenewswire· 2025-12-16 21:18
TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- (TSX: PFIN) Picton Mahoney Asset Management announced today that it has declared the December 2025 quarterly cash distribution of $0.1180 per unit for the ETF units (“ETF Units”) of the PICTON Income Fund. Unitholders of record of the ETF Units, at the close of business on December 22, 2025, will receive a per-unit cash distribution payable on December 31, 2025. About Picton Mahoney Asset Management Picton Mahoney Asset Management specializes in differentiated inve ...
First Internet Bancorp to Pay Cash Dividend
Businesswire· 2025-12-16 21:18
The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. First Internet Bancorp is a bank holding company with assets of $5.6 billion as of September 30, 2025. The Company's subsidiary, First Internet Ba ...
Goldman Sachs Downgrades Illinois Tool Works to Sell, Shares Fall 2%
Financial Modeling Prep· 2025-12-16 21:17
Core Viewpoint - Goldman Sachs downgraded Illinois Tool Works (NYSE: ITW) to Sell from Neutral, setting a price target of $230 due to expectations of below-average growth compared to large-cap cyclical peers [1] Group 1: Company Performance - ITW's organic revenue and earnings growth are expected to continue lagging behind peers, with organic growth averaging around 2% and earnings per share growth at approximately 5.5% since 2017 [2][3] - The company previously benefited from a significant simplification of its organizational structure, leading to about 800 basis points of margin expansion from 2012 to 2017 [2] Group 2: Market Outlook - Goldman Sachs anticipates that ITW's substantial exposure to consumer end markets may negatively impact its performance, leading to below-average organic and EPS growth over the next two years [3] - The firm is constructive on an overall inflection in industrial activity but remains cautious about ITW's specific market conditions [3] Group 3: Valuation and Price Target - Goldman Sachs sees modest downside risk to earnings estimates and believes the stock's valuation multiple is unlikely to re-rate due to the pace of earnings improvement [4] - The $230 price target is based on a 15.0x multiple applied to projected EBITDA for quarters five through eight, implying a 2027 free cash flow yield of approximately 5% [4]
Investors Are Being Discerning With the AI Trade: BMO's Schleif
Youtube· 2025-12-16 21:16
That anxiety around Oracle, around companies that have been tapping the debt markets to finance the I well focus on infrastructure. Do you think it's the right moment to be going into these sorts of names or to be putting back. I think it's very interesting because, as you know, there's been a lot of chat on the street, if you will, about are we in a bubble.Are we not in a bubble. But the fact that investors are being very discerning, they're putting money in private companies are putting money in some of t ...
Morgan Stanley Upgrades L3Harris to Overweight on Defense Momentum
Financial Modeling Prep· 2025-12-16 21:16
Core Viewpoint - Morgan Stanley upgraded L3Harris Technologies to Overweight from Equalweight, raising the price target to $367 from $350 due to strong operating momentum heading into 2026 [1] Group 1: Company Positioning - L3Harris is well positioned for the future of warfare with limited disruption risk from emerging defense technology players, attributed to its platform-agnostic strategy [1] - The absence of major program disruptions at L3Harris contrasts with some peers who have faced challenges in recent quarters [1] Group 2: Financial Metrics - L3Harris is considered the most attractive among large defense primes based on projected revenue, earnings per share, and free cash flow per share growth from 2025 through 2028 [2] - Despite a positive outlook, L3Harris stock is trading at the lowest valuation in its peer group on a 2027 free-cash-flow-to-sales basis, at approximately 16x compared to a peer median of around 18x [2] Group 3: Potential Catalysts - Potential catalysts for L3Harris into 2026 include opportunities related to the Golden Dome program and improving output at Aerojet Rocketdyne [2]
DGRO's Growth Is Better Valued Than VYM's Yield
Seeking Alpha· 2025-12-16 21:16
Join for a 100% Risk-Free trial and see if our proven method can help you too. You do not need to pay for the costly lessons from the market itself.Sensor Unlimited is an economist by training with a PhD, with a focus on financial economics. She is a quantitative modeler and for the past decade she has been covering the mortgage market, commercial market, and the banking industry. She writes about asset allocation and ETFs, particularly those related to the overall market, bonds, banking and financial secto ...
Worthington Enterprises Reports Second Quarter Fiscal 2026 Results
Globenewswire· 2025-12-16 21:16
COLUMBUS, Ohio, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Worthington Enterprises Inc. (NYSE: WOR), a designer and manufacturer of market-leading consumer and building products that improve everyday life by elevating spaces and experiences, today reported results for its fiscal 2026 second quarter ended November 30, 2025. Recent Developments and Second Quarter Highlights (all comparisons to the second quarter of fiscal 2025): Net sales were $327.5 million, an increase of 19%.Net earnings decreased 3% to $27.0 milli ...