{
}
Barclays has lowered its price target for Old Dominion Freight Line (ODFL) to $170 from $185, maintaining an Equal Weight rating amid a projected 8-9% decline in tonnage for early Q2. Despite this cautious outlook, strong yield gains and consistent cash flow of $336.5 million in Q1 2025 highlight the company's resilience. Analysts suggest an average target price of $171.21, indicating an 11.73% upside from the current price of $153.23.
Barclays has lowered its price target for Masco (MAS) to $71 from $75 while maintaining an Overweight rating, following the company's withdrawal of its 2025 guidance amid economic uncertainties and tariff challenges. Masco is implementing strategies to mitigate tariff impacts, including price hikes and cost-saving measures. Analysts project an average target price of $74.85 for Masco, indicating a potential upside of 26.18% from its current price of $59.32.
Barclays has lowered its price target for Knight-Swift (KNX) from $62 to $58 while maintaining an Overweight rating, citing challenges in the freight market. Despite a 68.2% year-over-year increase in adjusted operating income and growth in the LTL segment, ongoing volatility and weaker spot market performance pose risks to earnings. Analysts project an average target price of $54.74, indicating a potential upside from the current price of $39.59.
Barclays has lowered its price target for Avery Dennison (AVY) to $210 from $225 while maintaining an Overweight rating, citing concerns over tariffs and the apparel sector. Despite these challenges, analysts suggest the current share price offers a strategic entry point for long-term investors, with an average target price of $201.96 indicating an 18.63% upside. The company reported a 4% increase in adjusted EPS and strong growth in high-value categories, although it anticipates a $7 million headwind from currency translation for the year.
Barclays has slightly reduced its price target for Lennox International (LII) from $702 to $696 while maintaining an "Overweight" rating, following the company's earnings report. Despite a 2% revenue growth in Q1 and a strong market position, analysts project an average target price of $577.41, indicating a potential upside of 13.49% from the current price of $508.76. Lennox's strong balance sheet and pricing power are highlighted, although concerns about cost inflation and revenue declines in certain segments persist.
Stephenson Harwood LLP has advised ING on a US$71.97 million loan facility for Algoma Central Corporation's subsidiaries, financing two new tankers built by Hyundai Mipo Shipyard. The vessels will be chartered to Irving Oil for long-term use at its Saint John refinery, marking Algoma's first K-SURE covered financing. The legal team, led by Ian Mace, provided comprehensive support throughout the transaction, including financing structure and regulatory matters.
Twiga Foods, a Kenyan agri-tech company, has acquired majority stakes in three local FMCG firms—Jumra, Sojpar, and Raisons—as it transitions from a fresh produce supplier to a full-service FMCG platform. This strategic move aims to enhance procurement capabilities and expand its reach across Central, Western, and Coastal regions of Kenya. Despite raising significant capital in recent years, Twiga has faced challenges, including workforce reductions and claims of delayed payments, prompting a leadership change to drive its new direction.
In Dubai, the warehousing and logistics markets are expanding significantly, with Al Khayyat Investments playing a pivotal role in this growth. The company is leveraging essential and non-essential cookies to enhance user experience, personalize content, and analyze website traffic, ensuring compliance with their Cookie Policy. Users can adjust their cookie preferences at any time.
Saudia Group has secured an agreement with Airbus for up to 20 A330neo jets, including 10 firm orders for its low-cost subsidiary, flyadeal, with deliveries set between 2027 and 2029. This order follows a previous commitment for 105 A320neo family aircraft and supports Saudi Arabia's Vision 2030 by enabling flyadeal to enter long-haul operations to Southeast Asia. The A330neo, powered by Rolls-Royce Trent 7000 engines, can fly up to 7,200 nautical miles, enhancing Saudia Group's fleet of 194 aircraft and its global reach.
ADNOC Distribution has partnered with e-commerce platform noon to enhance last-mile delivery services in the UAE through AI-driven logistics. The collaboration will establish noon Minutes fulfilment hubs at ADNOC service stations, allowing customers to order products from ADNOC Oasis convenience stores via the ADNOC app. This initiative aims to improve delivery efficiency by leveraging real-time route optimization and inventory management, aligning with ADNOC's strategy to expand its non-fuel retail offerings.
Supply Chain Management
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays lowers price target for old dominion freight line amid cautious outlook
11:46 24.04.2025
barclays lowers masco price target but maintains overweight rating
11:46 24.04.2025
barclays lowers knight-swift price target amid freight market challenges
11:31 24.04.2025
barclays lowers price target for avery dennison amid market uncertainties
11:15 24.04.2025
barclays lowers price target for lennox while maintaining positive outlook
11:15 24.04.2025
Stephenson Harwood advises ING on 72 million dollar loan for Algoma Central
United States Dollar
Algoma Central Corporation
KOR
CAN
LBR
USA
Yui Ota-barclay
Kelly Anastasiadou
John Meehan
Rafaela Chrysostomou
Ian Mace
Lisa Atkinson
Vanessa Tzoannos
Spiros Zavitsas
Show more
11:03 24.04.2025
Twiga Foods expands with acquisitions to enhance FMCG distribution in Kenya
11:00 24.04.2025
Dubai's warehousing and logistics markets expand with Al Khayyat Investments leading the way
10:30 24.04.2025
saudia group orders 20 airbus a330neo jets to enhance fleet capabilities
09:54 24.04.2025
adnoc distribution and noon partner to enhance last mile delivery in uae
08:20 24.04.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Banking Regulations
Industry Mergers & Acquisitions
AI Innovations
Startups & Entrepreneurship
Market Analysis and Predictions
Central Bank Actions
Global Trade Developments
Funding Rounds & Investments
Supply Chain Management
CEO Changes
Government Policies
AI & Automation Regulations
Government Economic Policies
Domestic Politics
Countries:
Companies:
NVIDIA Corporation
Huawei Technologies CO. Ltd.
Wells Fargo & Company
Apple Inc.
Tesla, Inc.
Barclays PLC
The Goldman Sachs Group, Inc.
Bank of America Corporation
Erste Group Bank AG
Microsoft Corporation
BNP Paribas SA
Citigroup Inc.
Morgan Stanley
Amazon.com, Inc.
HSBC Holdings plc
Berkshire Hathaway Inc.
American Express Co
HSBC HOLDINGS
JPMorgan Chase & Co.
Deutsche Bank RV Global PP
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Chinese Yuan
Japanese Yen
United Arab Emirates Dirham
Offshore Chinese Yuan
Saudi Riyal
Polish Złoty
Australian Dollar
South Korean Won
Hong Kong Dollar
Swedish Krona
Canadian Dollar
Russian Ruble
Brazilian Real
Norwegian Krone
Egyptian Pound
People: