Dow Jones Top Company Headlines at 7 PM ET: CoreWeave Shares Jump 12% as Revenue Doubles From Year Earlier | Super ...
MorningStar·- CoreWeave shares jumped 12% as its revenue doubled from a year earlier, driven by a mounting order book of $ 104 billion. - Blackstone and La Caisse agreed to acquire a 25% stake in Air Canada's Aeroplan loyalty program for nearly $ 2 billion. - Sony Group and TSMC agreed to form a $ 4.7 billion joint venture to produce next-generation image sensors for smartphones.Analyst Thomas Fitzgerald Lifts Target Price to C$29 and Reiterates Buy Rating on Resilient Canadian Travel Demand and Margin Expansion Outlook into 2027
Tip Ranks·- TD Cowen analyst Thomas Fitzgerald maintained a buy rating on Air Canada and raised the target price to 29.00 CAD. - The rating is supported by resilient Canadian travel demand, stable freight pricing, labor agreement progress, and expected margin expansion by 2027. - Despite pressures from weak Atlantic yields and rising fuel costs, the valuation implies upside potential from current stock levels.