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Morgan Stanley is appealing a $1.6 million arbitration award granted to former banking specialist Charles H. Randall, who claimed age and gender discrimination. The firm argues the arbitrator showed bias by not disclosing a past fraud claim against its predecessor and allegedly sleeping during key testimonies. A judge upheld the award, stating the firm failed to prove the arbitrator's partiality or misconduct.
Goldman Sachs has reiterated its Buy rating on Kinder Morgan, setting a $31 price target as the stock trades at $28.23. The firm anticipates a strong first-quarter EBITDA of $2,183 million, driven by higher gas prices and new projects, despite some challenges in the Terminals segment. Recent analyst upgrades and a positive outlook from S&P Global further highlight Kinder Morgan's growth potential in the natural gas sector.
Truist Securities has enhanced its biotech equity research team with the addition of Danielle Brill, who brings extensive experience from her previous roles at Raymond James and other firms. Brill's insights will support the firm's institutional clients in navigating the evolving biotech landscape, alongside a growing team of experts in various sectors. The firm aims to leverage new technologies and high-touch service to deliver differentiated, data-driven content to its clients.
Morgan Stanley has initiated coverage on Campbell Soup with an Equalweight rating and a $40 price target, citing the company's portfolio transformation and strong snacks segment as positive factors for long-term growth. However, challenges in the snacking categories and mixed financial results have led to cautious short-term outlooks from other analysts, with several revising their price targets downward. The stock, currently trading at $38.08, is near its 52-week low, presenting potential opportunities for value investors.
Truist Securities has lowered its price target for Intuitive Surgical to $605 from $666 while maintaining a Buy rating, citing a contraction in the S&P multiple and recent market sell-offs affecting growth stocks. Despite challenges, the firm highlights strong procedure growth and a new product cycle as key drivers for future revenue and earnings growth. Analysts from other firms, including Piper Sandler and RBC Capital Markets, have set higher targets, reflecting confidence in the company's performance and upcoming product launches.
Deutsche Bank has raised its price target for Snowflake Inc. to $220, maintaining a Buy rating, following a strong fourth-quarter earnings report that exceeded expectations. The company reported a 30.3% revenue growth and a gross profit margin of 67.3%, with analysts optimistic about its future profitability and growth trajectory. Other firms, including Stifel and RBC Capital Markets, have also increased their targets, reflecting confidence in Snowflake's strategic initiatives and market position.
Lucid Motors raised approximately $1.75 billion through a public offering, a move CEO Peter Rawlinson described as strategic to secure capital for growth and avoid a "going concern" disclosure. Despite having over $5 billion in liquidity, analysts viewed the timing as premature, leading to an 18% drop in shares. Rawlinson emphasized the importance of this capital for ongoing investments, including expanding production and launching new models.
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Morgan Stanley appeals $1.6 million age bias arbitration award decision
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11:19 28.03.2025
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18:05 27.02.2025
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