Core Viewpoint - Mizuho upgraded Zscaler to Outperform from Neutral with a price target of $310, citing an improved risk-reward profile after a significant stock decline [1] Group 1: Stock Performance and Analyst Insights - Zscaler shares have weakened significantly despite a solid fiscal first-quarter performance, with fiscal second-quarter net new ARR guidance slightly below prior levels [2] - The recent acquisition of Red Canary did not contribute to the guidance, indicating a need for greater transparency regarding Zscaler's organic growth outlook [2] - The stock has declined approximately 31% since the end of October and 21% since the fiscal first-quarter earnings, suggesting that investors are now well compensated for the uncertainty [3] Group 2: Market Position and Valuation - Mizuho remains confident in Zscaler's strong positioning within the SASE and Zero Trust markets [3] - Zscaler is trading at a peak year-to-date EV-to-ARR discount relative to peers, highlighting a favorable valuation [3] - The company has a superior Rule of 50 score compared to many other high-growth software companies, reinforcing its competitive advantage [3]

Let's bring in Sofi's Liz Thomas, New York Life Investments Lauren Goodwin, Morgan Stanley, Wealth Management's Ellen Zner. It's great to have everybody here on the desk with us. All right, Liz, you first.What do you think about what Mr. . Lakos had to say. Base case 7500, bull case 8,000.>> So, when I look at in 2026, first of all, to your point, not a lot of bears to be found. And I think that's warranted. There aren't a lot of really strong reasons to be bearish into 2026 aside from looking at the market ...

For hardly the first time in recent days, investors have become excited about the prospect of a significant change in U.S. drug laws.Will he or won't he? This is the question that's been front of mind for many marijuana stock investors over the past few days, as both credible media reports and President Trump himself fueled speculation that he will begin the process of decriminalizing the drug. Comments from the President late Monday injected new bullishness into weed stocks the following day. Sector mainst ...

Core Viewpoint - Morgan Stanley downgraded Allstate to Equalweight from Overweight and lowered its price target to $215 due to a more competitive operating environment and a maturing investment thesis [1] Group 1: Investment Thesis - The previous investment case for Allstate, which was based on attractive valuation, improving growth, and margins exceeding consensus expectations, has largely played out [2] - Steady earnings from Allstate's homeowners insurance business are expected to provide some support in 2026, but rising competition necessitates a neutral stance [2] Group 2: Price Target and Valuation - Morgan Stanley reduced its price target to $215 per share, applying an estimated 8.9x price-to-earnings multiple to projected 2027 earnings per share of $24.07, reflecting a softening auto underwriting cycle [3] - The new target implies an estimated 1.6x price-to-book valuation, excluding AOCI, based on a projected 2027 operating return on equity of 18.5% [3]

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]

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 ...

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 ...

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 ...

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 ...

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]