On Sunday, Jefferies initiated coverage on Metso (OTC:) OYJ (METSO:FH) (OTC: MXCYY) with a Hold rating and a price target set at €9.40. The firm pointed out that there are positive signs of recovery in the company’s Minerals order intake. However, it also noted that challenges in revenue growth could hinder margin improvement within this division. The analyst from Jefferies highlighted that the near-term outlook for Metso’s Aggregates division remains tough, especially in its core European and US markets. This outlook is attributed to the current market conditions which are expected to impact the division’s performance. Additionally, the firm addressed…
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Justin Sullivan/Getty Images News Apollo Global Management (NYSE:APO) has offered to invest billions of dollars into troubled chipmaker Intel (NASDAQ:INTC), according to Bloomberg, which quoted people familiar with the matter. According to the report Sunday, one person reportedly said the investment could be worth Source link
The era of the minivan in America, once a symbol of spacious family transportation, is slowly fading into the rearview mirror. While they were once a popular choice for soccer moms and hockey dads, the rise of crossovers, SUVs, and trucks has significantly diminished their appeal. Despite this decline, Toyota remains committed to the minivan segment, as evidenced by the recent announcement of subtle changes to the 2025 Sienna. These changes, while incremental, demonstrate Toyota’s ongoing efforts to keep the Sienna competitive in a rapidly evolving market. The addition of a new color and wheel styles enhances its exterior appeal,…
On Sunday, Jefferies, a global investment banking firm, initiated coverage on FLSmidth & Co A/S (FLS:DC) (OTC: FLIDY) with a Buy rating and set a price target of DKK 400.00. The new price target suggests a 19% potential upside from the company’s current valuation. The investment firm’s positive outlook on the Danish engineering company is based on several key factors. Firstly, the recent divestment of FLSmidth’s Cement division has transformed the company into a pure-play entity focused on mining equipment. This strategic move is expected to streamline the company’s operations and potentially lead to enhanced shareholder value. Additionally, Jefferies anticipates…
Apple’s latest iOS 18 update, while bringing a host of enhancements for iPhone users, has left CarPlay enthusiasts feeling somewhat disappointed. While the update does introduce minor improvements, such as contact photos in message notifications, it falls short of delivering significant advancements to the driving experience. Apple’s current approach to CarPlay, which is tightly integrated with iOS updates, limits the frequency of refinements. This means that CarPlay improvements and bug fixes are only available through major iOS releases, unlike Android Auto, which can receive updates independently through the Google Play Store. This approach, while ensuring a cohesive user experience across…
(Reuters) -U.S.-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel, Bloomberg News reported on Sunday.Apollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report said, citing a person familiar with the matter.The news comes at a moment of weakness for Intel, which was once the most valuable chipmaker in the world, but whose shares have lost nearly 60% of their value since the start of the year.Intel executives have been weighing Apollo’s proposal, Bloomberg reported,…
This article discusses how to handle PPF accounts that are about to mature. When and how to extend it and when not to.A PPF matures after 15 financial years from the FY of opening. For example, an account opened in FY 2000-01 (or before 31st March 2001) will mature on 1st April 2016. There are three options available to a subscriber after maturity. (1) Close the account and be done with it! (2) Keep the account open without further contributions. (3) Extend the account for 5 years with further contributions.If we have been saving for a particular goal, option 1…
The Chevrolet Corvair Corsa Turbo, a performance-oriented compact featuring a turbocharged flat-six engine, stands as an iconic symbol of the mid-1960s automotive era. While not a typical muscle car, it carved its niche in the American automotive world. During a time when horsepower wars dominated the industry, the Corvair offered a unique and innovative alternative. Its rear mounted, air cooled flat-six engine, coupled with a transaxle, set it apart from its domestic counterparts, drawing comparisons to European sports cars like Porsches. The turbocharged version, introduced in 1966, further solidified its place in automotive history as one of the first mass-produced…
On Sunday, Jefferies reiterated its Buy rating on WEIR Group Plc (WEIR:LN) (OTC: WEGRY) with a price target set at £25.70. The firm’s analysis highlighted WEIR’s successful transition into a pure-play mining technology company, noting improvements in market position, product offerings, and management performance. The firm acknowledged WEIR’s evolution over the past few years, pointing out the company’s robust through-the-cycle EBITA margins and solid business model. The analysis also recognized the group’s strong market positions and the clarity of its strategic direction, which have been key in delivering positive results. WEIR’s focus on the aftermarket, which constitutes approximately 75% of…
GMC has been on a roll, revitalizing its entire classic SUV lineup in recent months. The Acadia, Terrain, Yukon, and Yukon XL have all received significant updates, with the third generation Acadia making a splash at the 2023 North American International Auto Show. Despite its impressive price point of $42,600, the Acadia’s position in the market could be challenged by the upcoming Terrain and a refreshed Yukon, both expected to arrive with price increases. With the SUV lineup largely sorted, GMC’s focus has shifted to its truck offerings. The Sierra EV Denali Edition 1, a zero emission powerhouse, has already…