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The US Bureau of Labor Statistics released the Consumer Price Index data for June 2023, which indicated that inflation is easing. CPI rose 3% over the last year, which was the smallest increase in inflation since March 2021.
Home Depot is a leader in the home improvement retailing segment, with over 1 million products available online and 30,000 products available in stores across the US. The company also started maintenance, repair, and operations businesses after acquiring distributor Interline Brands in 2015.
Equity analyst Guggenheim has upgraded Exelon Corp to a ‘buy’ rating, despite the utilities sector reporting slower growth as compared to the broader market. Exelon is a utilities sector company that operates through six fully regulated distribution channels.
BNP Paribas revised its rating on Nucor to ‘Outperform’ on July 5, 2023. The equity analyst also gave a price target of US$ 191 on the stock, which is 19.04% higher than its closing price on Wednesday, July 6, 2023.
Analysts upgrade Constellation Brands to a ‘Buy’ as the company reported its Q1 FY24 earnings on June 30, 2023. Alongside a rating upgrade, Constellation also saw an upward revision in its price target . The consensus price target on STZ is US$ 271.55, which …
Analysts remain Neutral on Atlassian despite the software company reporting revenue growth in the first quarter of fiscal 2023. Of the 27 analysts who cover the stock, majority have recommended holding it.
TD SYNNEX (NYSE: SNX) and Transphorm Inc. (NASDAQ: TGAN) released their financial results on June 27, 2023. Both the companies belong to the technology sector, with TD SYNNEX engaged in the cloud and cybersecurity arena and Transphorm being a semiconductor designer and manufacturer.
Vertex Energy saw its share price moving higher as it completed the first series of renewable diesel commercial transactions. The produce came from the company’s Alabama refinery.
Darden Restaurants (NYSE: DRI)is a restaurant chain operator in the US, with a market capitalization of around US$ 20 billion. It is the parent company of some of the largest US full-service operators including Olive Garden, Cheddar’s Scratch Kitchen, and The Capital Grille among …
Oracle Corporation, a database technology and software provider, received rating upgrade from analysts following the release of its financial results for Q4 FY23. Piper Sandler Companies and Keybanc Capital upgraded their ratings on Oracle Corporation to ‘Buy’ soon after the company released its earnings …
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