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Lumen Technologies announced the resignation of David Ward, EVP, Chief Technology and Product Officer, who will join Salesforce as President and Chief Architect. James Fowler will succeed Ward effective January 5, 2026. This leadership transition indicates strategic changes for the company. Analysts rate LUMN stock as Hold with a $9.50 price target, noting financial challenges but positive technical trends.
CW Advisors LLC increased its stake in Lincoln National Corporation by 98% in Q2, owning 199,783 shares worth $6.9 million. Analysts have mixed ratings, with a consensus "Hold" and a price target of $43.40. Lincoln National's stock rose 1.3% to $42.46, with a market cap of $8.06 billion. The company announced a quarterly dividend of $0.45 per share, yielding 4.2% annually.
Amentum Holdings reported a significant financial turnaround with sales rising to $14.39 billion and a net income of $66 million for the year ending October 3, 2025. The company issued a 2026 revenue guidance of $13.95–$14.30 billion, indicating stable future expectations. Despite profitability, concerns remain about contract execution and high earnings multiples. Investor opinions on fair value vary widely, reflecting differing views on the company's prospects.
Lumen Technologies has appointed Jim Fowler as Executive Vice President and Chief Technology & Product Officer, effective January 5, 2026. Fowler succeeds Dave Ward, who will join Salesforce. Fowler, previously with Nationwide Insurance, will lead Lumen's global technology and product strategy. The transition is not expected to alter Lumen's technology roadmap or strategic growth priorities. Fowler has served on Lumen's Board since 2023 and has extensive experience in technology leadership roles at General Electric and Nationwide Insurance.
Kohl's Corp. (KSS) shares fell 1.70% to $22.58 on Thursday, underperforming compared to competitors. The S&P 500 Index rose 0.11%, while the Dow Jones Industrial Average fell 0.07%. This marks the second consecutive day of losses for Kohl's, closing 10.47% below its 52-week high. Trading volume was below the 50-day average.
