Rio Tinto has secured a long-term power agreement for its Tomago aluminium smelter in Australia, ensuring operations until 2038 with a transition to 100% renewable electricity by 2033. The A$1.1 billion investment includes A$100 million for decarbonisation, expected to cut carbon emissions by 7.1 million tonnes annually. This deal supports Australian manufacturing, skilled jobs, and supply stability, while aligning with Rio Tinto's goal to halve emissions by 2030. The new 10-year power purchase agreement starts after the current contract ends in 2028.
Morgan Stanley lowered Avis Budget Group's price target from $99 to $95 as the company faces a class-action lawsuit accusing major investor Pentwater Capital Management of manipulating its stock price. The lawsuit claims Pentwater artificially inflat...
Deutsche Bank has reiterated a Buy rating for The Estée Lauder Companies, signaling confidence in the stock despite industry challenges like cautious consumer spending and supply-chain risks. Estée Lauder's focus on innovation, brand building, and di...
The Chief Operating Officer of Gen Digital sold 28,248 shares recently. This insider sale could indicate a personal financial decision or a strategic move, which investors might watch closely for signals about the company's outlook. While such sales ...
Needham analyst Mike Cikos raised the price target for ServiceNow to $155, citing the company's AI products surpassing $1 billion in annual contract value (ACV) and a ninefold increase in customers using its agentic AI products. ServiceNow aims to ex...
Analyst firm Cowen & Co. maintained a Hold rating on Paychex (NASDAQ:PAYX) while raising its price target from $98 to $117, reflecting confidence in the company's strong financial performance. Paychex has seen a 30% stock increase over six months, dr...
