A ‘merger of equals’ in the Permian is the first since Occidental snapped up Anadarko
UBS downgrades after stock’s surge although challenges remain, including drop in interest rates and power market weakness
Slack stock gains after analyst bets service could ‘replace or severely displace email’ in a few years
Three analysts begin coverage of Slack with bullish ratings on Monday
Regulators warn market participants not to add to Libor ‘hole’
Noble Energy, Inc. (NYSE:NBL) – Equities researchers at Mitsubishi UFJ Financial Group issued their FY2021 earnings per share estimates for shares of Noble Energy in a research report issued on Friday, July 12th. Mitsubishi UFJ Financial Group analyst M. Mcallister forecasts that the oil and gas development company will post earnings of $0.10 per share for the year. Mitsubishi UFJ Financial Group currently has a “Overweight” rating and a $34.00 price target on the stock.
RPM International Inc. (NYSE:RPM) – Research analysts at Seaport Global Securities decreased their Q1 2020 EPS estimates for shares of RPM International in a research report issued on Friday, July 12th. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings per share of $0.95 for the quarter, down from their previous estimate of $1.02. Seaport Global Securities also issued estimates for RPM International’s Q2 2020 earnings at $0.78 EPS, Q3 2020 earnings at $0.23 EPS, Q4 2020 earnings at $1.29 EPS, FY2020 earnings at $3.25 EPS and FY2021 earnings at $3.89 EPS.
SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark upped their FY2019 earnings per share estimates for shares of SSR Mining in a research note issued on Friday, July 12th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.59 per share for the year, up from their previous estimate of $0.50.
Comerica Incorporated (NYSE:CMA) – Investment analysts at B. Riley boosted their Q2 2019 earnings per share (EPS) estimates for Comerica in a research report issued to clients and investors on Thursday, July 11th. B. Riley analyst S. Moss now anticipates that the financial services provider will post earnings per share of $2.00 for the quarter, up from their prior estimate of $1.99. B. Riley has a “Hold” rating and a $75.00 price target on the stock. B. Riley also issued estimates for Comerica’s Q3 2019 earnings at $1.98 EPS, FY2019 earnings at $7.88 EPS and FY2020 earnings at $7.58 EPS.
European Union foreign ministers have approved initial sanctions against Turkey over its drilling for gas in waters where EU member Cyprus has exclusive economic rights.
President Donald Trump signed an executive order Monday that requires federal agencies to purchase products using more American components.