News

GMS Inc. (NYSE: GMS)distributes specialty building products such as wallboards, suspended ceiling systems and other such building products. GMS generates majority of its revenue from the United States through its Wallboard products.

Hanover Insurance Group (NYSE: THG)received a rating upgrade from brokerage BMO, leading to a 1.4% increase in its share price on August 31, 2023. BMO Capital Markets upgraded THG from ‘market perform’ to ‘outperform’, while raising its price target on the stock.

Accounting software provider Intuit received a price target upgrade from brokers as the company released its guidance for FY24. The company recently reported its Q423 results and provided fiscal 2024 guidance.

On August 22, 2023, toymakerHasbro (NASDAQ: HAS)received a price target increase from Bank of America. Following the revision in Hasbro’s price target, HAS shares rose 2% to US$64.5 in premarket session on Tuesday.

One of US’ largest oil companies,Chevron Corp. (NYSE: CVX)received a rating upgrade from Mizuho based on the broker’s positive demand outlook for the oil sector. Mizuho upgraded CVX to ‘buy’ from its previous ‘neutral’ rating.

Biotechnology company Pricegen (NASDAQ: PGEN) received a price target increase from brokerage Stifel Nicolaus. The broker raised its price target on PGEN from US$6.30 to US$7 on August 9, 2023, the same day when Pricegen released its Q2 2023 results.

U.S Foods Holding received an increased price target from brokers as it released its financial results for Q2 2023. The company saw a 2.1% increase in net sales during the quarter and saw a 15% increase in its gross profit for the quarter.