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Morgans downgrades Nufarm Limited (NUFMF) to a Hold

Morgans downgrades Nufarm Limited (NUFMF) to a Hold

In a report released today, Belinda Moore from Morgans downgraded Nufarm Limited (NUFMF – Research Report) to a Hold, with a price target of A$2.78. The company's shares closed last Friday at $2.68.
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Moore covers the Basic Materials sector, focusing on stocks such as Orica Limited, Incitec Pivot , and Nufarm Limited. According to TipRanks, Moore has an average return of 5.1% and a 53.57% success rate on recommended stocks.
In addition to Morgans, Nufarm Limited also received a Hold from Morgan Stanley's Andrew Scott in a report issued today. However, on the same day, Bell Potter maintained a Buy rating on Nufarm Limited (Other OTC: NUFMF).
The company has a one-year high of $3.58 and a one-year low of $1.97. Currently, Nufarm Limited has an average volume of 130.

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LYV, DKNG, SPOT: Bernstein Selects the Best Entertainment Stocks to Buy Right Now
LYV, DKNG, SPOT: Bernstein Selects the Best Entertainment Stocks to Buy Right Now

Yahoo

time4 hours ago

  • Yahoo

LYV, DKNG, SPOT: Bernstein Selects the Best Entertainment Stocks to Buy Right Now

1975 was a landmark year for film, with blockbusters like Jaws, One Flew Over the Cuckoo's Nest, and The Rocky Horror Picture Show dominating the box office, while cult favorites like Daisy Miller and Hard Times inspired generations of creatives. But as cultural critic Paul Skallas puts it, we now live in an age of 'stuck culture,' where bold, risk-taking storytelling has largely faded from the mainstream. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter That said, after closely studying today's entertainment landscape, Bernstein analyst Ian Moore believes the spirit of 1970s cinema – its powerful narratives and star-making energy – still exists 50 years later in 2025, though it thrives in more niche, less traditional spaces rather than at the heart of Hollywood. From an investing perspective, Moore points out where today's gems can be discovered in the Entertainment sector: 'We expect the experience economy to continue to run hot as live music & sports venues scramble to meet seemingly insatiable demand for ultra-luxury VIP packages. Online, we believe music DSPs will meet strong demand for higher-priced subscription tiers, while high-rolling live bettors continue to expand their presence within sports betting. Although catering to this smaller cohort could cause growth in casual fans to slow, we expect profitability growth to accelerate meaningfully for companies that lead in accumulating business from superfans.' With all that as backdrop, Moore highlights three entertainment stocks he believes are well-positioned to thrive in today's market: Live Nation (NYSE:LYV), DraftKings (NASDAQ:DKNG), and Spotify (NYSE:SPOT). Together, they span live events, online sports betting, and music streaming – all major outlets for today's experience-driven consumer spending. Let's give the Bernstein picks a closer look. Live Nation Entertainment First up is Bernstein's top pick, Live Nation Entertainment. This company is one of the largest names in the event production segment, with a market cap of $33 billion and annual revenues of $23 billion last year. Live Nation's core business is bringing performance artists to the world's stages. Among the acts that Live Nation has recently brought to the stage are such big names as Imagine Dragons, Disturbed, the Backstreet Boys, and Bruno Mars. The company operates through three main segments, Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship, with concerts being the prime revenue generator. The concert business is extensive. Live Nation produces more than 44,000 such events annually, along with more than 100 festivals, all across 45 nations around the world. The company's aggregate audience exceeds 120 million concertgoers and music fans every year. While concerts are the main business, Live Nation's Ticketmaster segment also sells admission to such events as venues, festivals, major sports leagues, and theater groups. In all, the company sells some 550 million tickets annually. Turning to the company's financial results, we see that Live Nation last reported earnings for 1Q25. The company brought in $3.38 billion at the top line. This was down 11% year-over-year, and missed the forecast by $140 million. At the bottom line, earnings came to a net loss for the period; the EPS was -$0.32. We should note that the Q1 EPS was 7 cents per share better than had been expected. Looking forward, the company reported a record in event-related deferred revenue, at $5.4 billion. This bodes well for future business, and was up 24% year-over-year. For Bernstein's Ian Moore, the outlook on Live Nation is highly positive, as he goes to great lengths to explain, writing, 'We are bullish on LYV due to its powerful flywheel which has the potential to drive meaningful outperformance across each of its operating segments. Technological improvements coupled with changes in artist and consumer behavior, especially among younger generations, enhance the inherent scarcity value of live experiences and position Ticketmaster to grow GTV ahead of expectations (our +11% vs. consensus' +HSD) into the summer concert season and beyond.' 'As LYV's Venue Nation expansion and VIP upgrade strategy complements a strengthening primary ticketing business, we are forecasting meaningful sponsorship growth (+mid-teens AOI vs. +LDD) on the upscaled inventory of opportunities for brands along with sizable uplift to concert margins (+50bps per year, generating +$50M in AOI vs. consensus) on a more favorable mix. We also believe that recent public and political pressure stems from a misunderstanding of the business and see the potential for multiple expansion as investor concerns ease,' Moore went on to add. Moore puts an Outperform (i.e., Buy) rating on this stock, along with a $185 price target that implies a one-year upside potential of 29%. (To watch Moore's track record, click here) The Strong Buy consensus rating on LYV shares is unanimous, based on 13 recent analyst reviews. The stock's $143.71 trading price and $166.15 average price target together suggest that the shares will gain 15.5% in the coming year. (See LYV stock forecast) DraftKings Next up is a leader in the field of sports betting, DraftKings. This company, founded in 2012, is a fast-growing player in the US betting market, offering a range of products that include sportsbook and fantasy league platforms. The company's betting products cover most of the world's major sports and leagues, American football, Major League baseball, the NBA, the NHL, international soccer, and the hugely popular – although non-pro – college hoops. DraftKings is also a major platform for fantasy leagues, which let fans and bettors put some skin in the game, by making pre-game choices on players and line-ups that will mix with the game results to determine how the bets work out. Sports betting is legal in about half the states of the Union, a fact that presents DraftKings with a patchwork quilt of regulatory regimes to navigate – which it manages successfully. DraftKings operates legal sports betting, along with legal casino games, across the country, in 26 states plus DC. Fans and bettors can find more than 1,000 ways to bet with DraftKings. The company at the end of last year completed its acquisition of SimpleBet, a move that firms up its ability to offer quality betting options and a smoother experience for its customers. On the financial side, DraftKings reported 1Q25 revenues of $1.41 billion, a figure that was up 19.5% year-over-year, although it missed the estimates by $20 million. The company's earnings in the quarter, at 12 cents per share in non-GAAP measures, were in-line with expectations. Looking ahead, DraftKings has set its full-year 2025 revenue guidance with a mid-point of $6.3 billion, slightly lower than the $6.37 billion consensus view. The company's top-line guidance midpoint suggests 32% annualized revenue growth. Checking in again with Ian Moore, we find the analyst predicting sound results for DraftKings going forward. Moore says of the stock, 'We believe DKNG presents a compelling and differentiated investment case within a dynamic OSB & iGaming landscape and is positioned for sustained profitability growth due to its distinct advantages in live betting. DKNG's enhanced live pricing capabilities, significantly boosted by the SimpleBet acquisition, are the core lever toward capturing substantial growth in US live betting and driving strong handle and profitability growth (ARPU +MSD vs. consensus). DKNG has also demonstrated a unique ability to capitalize on event-driven engagement, which we believe should drive accelerating live bettor acquisition as streamers begin to distribute an increasing volume of live events. We also see untapped potential around Jackpocket cross-sell to live betting and a key upcoming catalyst in its integration into the core platform. User profitability is key to our differentiated view on DKNG.' These comments support Moore's Outperform (i.e., Buy) rating on DKNG shares, and his $46 price target indicates a potential upside of 22.5% in the next 12 months. This is another stock with a unanimous Strong Buy consensus rating, based on 26 recent analyst reviews, all positive. The stock's $37.56 trading price and $54.43 average target price combine to imply a 45% gain on the one-year horizon. (See DKNG stock forecast) Spotify Technology Last on our list of Bernstein picks is Spotify, the popular music and audio streaming company. Spotify is based in Sweden, where it was founded in 2006, and was an early leader on the music streaming scene. The company has grown dramatically since its founding, as online streaming has grown ever more popular. Today, Spotify boasts a market cap of $139 billion, a figure that helps to quantify the sheer size and strength of Spotify's business. That business is extensive, as Spotify has moved beyond just streaming songs. The company does boast a line-up of more than one million creative musicians and artists available on its site, but it also features podcasts, including the highly popular Joe Rogan Experience. Fans and listeners can search Spotify's site to find exactly what they want to listen to, using categories such as popular artists, featured charts, or trending songs. Spotify uses AI technology to provide listeners with personalized playlists and recommendations. When we look at Spotify's financial results, we find that the company generated 4.2 billion euros in top-line revenue during 1Q25, the last period reported. This was congruent with analyst expectations, and was up 15% from 1Q24. The company's bottom line earnings came to 1.07 euros per share. These results were supported by solid growth in Spotify's user base. The company's subscribers increased in Q1 by 12% year-over-year to reach 268 million. The monthly active users, or MAU, were up 10% year-over-year, and came in at 678 million. One last time, we'll check in with Bernstein's Moore, who sees past success as indicative of future potential for this stock. Moore is also impressed by Spotify's ability to leverage its pricing power. He says of this streaming service, 'We continue to see a strong investment case for SPOT built on its proven ability to leverage its sizable market share and quality platform. We believe the business can exercise pricing power sustainably given recent success with minimal churn and expect regular price hikes to become a consistent ARPU driver (+MSD vs. consensus expectations). We anticipate further tailwinds to gross margins on the steadily growing availability of non-music content on the platform (+50bps per year vs. consensus). We also expect that the highly anticipated superfan subscription tier will move quickly toward an early 2026 launch once Sony gives the necessary approvals and will be met with rapid adoption among existing and potential new subscribers, which will be a strong catalyst to inflect gross profit growth toward the high-20s and gross margins toward 40%+ long-term. We believe our variant perception on SPOT is mostly around pricing.' Following from this stance, the Bernstein analyst gives Spotify an Outperform (i.e., Buy) rating, and he supports that with an $825 price target that suggests a one-year gain of 19% for the shares. This stock has a Moderate Buy consensus rating from the Street's analysts, based on 28 reviews that include 19 to Buy, 8 to Hold, and 1 to Sell. However, the stock is priced at $693.32 and its $676.44 average price target implies it will stay rangebound for the time being. (See SPOT stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Aptose Presents Safety, Response, and MRD Clinical Data from TUSCANY Phase 1/2 Clinical Trial of Tuspetinib Triplet Therapy in Newly Diagnosed AML at the 2025 EHA Congress
Aptose Presents Safety, Response, and MRD Clinical Data from TUSCANY Phase 1/2 Clinical Trial of Tuspetinib Triplet Therapy in Newly Diagnosed AML at the 2025 EHA Congress

Hamilton Spectator

time5 hours ago

  • Hamilton Spectator

Aptose Presents Safety, Response, and MRD Clinical Data from TUSCANY Phase 1/2 Clinical Trial of Tuspetinib Triplet Therapy in Newly Diagnosed AML at the 2025 EHA Congress

SAN DIEGO and TORONTO, June 12, 2025 (GLOBE NEWSWIRE) — Aptose Biosciences Inc. ('Aptose' or the 'Company') (TSX: APS; OTC: APTOF), a clinical-stage precision oncology company, today announced data from its Phase 1/2 TUSCANY trial in newly diagnosed AML patients treated with tuspetinib (TUS) in combination with standard of care dosing venetoclax and azacitidine (TUS+VEN+AZA triplet) in an oral presentation at the European Hematology Association Congress (EHA 2025), being held June 12-15, 2025, in Milan, Italy. The TUS+VEN+AZA triplet is being developed as a mutation agnostic frontline therapy to treat large, mutationally diverse populations of newly diagnosed AML patients who are ineligible to receive induction chemotherapy. Dr. Gabriel Mannis, Associate Professor of Medicine, Stanford University School of Medicine, and an investigator in the TUSCANY study, reported safety and efficacy data from the first two dose cohorts at 40 mg of TUS or 80 mg of TUS in the TUS+VEN+AZA triplet. Dr. Mannis also noted three patients were rapidly enrolled on the third dose cohort of 120 mg TUS in the TUS+VEN+AZA triplet, and that no DLTs have been observed to date. The oral presentation at EHA included updated safety, complete remission, minimal residual disease (MRD) assessments, and longer duration of follow-up: Title: TUSCANY Study of Safety and Efficacy of Tuspetinib Plus Standard of Care Venetoclax and Azacitidine in Study Participants with Newly Diagnosed AML Ineligible for Induction Chemotherapy Presenter: Dr. Gabriel Mannis, Associate Professor of Medicine, Stanford University School of Medicine Abstract #: S139 Key findings: 'The TUSCANY triplet trial is well under way, and we are observing exciting activity with the addition of TUS to the VEN+AZA standard treatment,' said William G. Rice, Ph.D., Chairman, President and Chief Executive Officer of Aptose. 'The data presented today reveal complete responses across patients with diverse mutations, including TP53-mutated/CK AML and FLT3-wildtype AML patients. TUS appears to have tremendous opportunity in the largest markets and the most challenging of AML cases.' Abstracts are available on the EHA2025 website here . The presentation is available on the Aptose website here . TUSCANY: TUS+VEN+AZA Triplet Phase 1/2 Study The tuspetinib-based TUS+VEN+AZA triplet therapy is being advanced in the TUSCANY Phase 1/2 clinical study with the goal of creating an improved frontline therapy for newly diagnosed AML patients that is active across diverse AML populations, durable, and well tolerated. Earlier APTIVATE trials of TUS as a single agent and in combination as TUS+VEN demonstrated favorable safety and broad activity in diverse relapsed or refractory (R/R) AML populations that went beyond the more prognostically favorable NPM1 and IDH mutant subgroups. Indeed, responses were also in R/R AML patients with highly adverse TP53 and RAS mutations, and those with mutated or unmutated (wildtype) FLT3 genes. The TUSCANY Phase 1/2 study, being conducted at 10 leading U.S. clinical sites by elite clinical investigators, is designed to test various doses and schedules of TUS in combination with standard dosing of AZA and VEN for patients with AML who are ineligible to receive induction chemotherapy. A convenient, once daily oral agent, TUS, is being administered in 28-day cycles. Multiple U.S. sites are enrolling in the TUSCANY trial with anticipated enrollment of 18-24 patients by mid-late 2025. Data will be released as it becomes available. More information on the TUSCANY Phase 1/2 study can be found on ( here ). About Aptose Aptose Biosciences is a clinical-stage biotechnology company committed to developing precision medicines addressing unmet medical needs in oncology, with an initial focus on hematology. The Company's lead clinical-stage, oral kinase inhibitor tuspetinib (TUS) has demonstrated activity as a monotherapy and in combination therapy in patients with relapsed or refractory acute myeloid leukemia (AML) and is being developed as a frontline triplet therapy in newly diagnosed AML. For more information, please visit . Forward Looking Statements This press release may contain forward-looking statements within the meaning of Canadian and U.S. securities laws, including, but not limited to, statements relating to the therapeutic potential and safety profile of tuspetinib (including the triplet therapy) and its clinical development, the anticipated enrollment rate in the TUSCANY trial and the timing thereof, as well as statements relating to the Company's plans, objectives, expectations and intentions and other statements including words such as 'continue', 'expect', 'intend', 'will', 'should', 'would', 'may', and other similar expressions. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others: our ability to obtain the capital required for research and operations and to continue as a going concern; the inherent risks in early stage drug development including demonstrating efficacy; development time/cost and the regulatory approval process; the progress of our clinical trials; our ability to find and enter into agreements with potential partners; our ability to attract and retain key personnel; changing market conditions; inability of new manufacturers to produce acceptable batches of GMP in sufficient quantities; unexpected manufacturing defects; and other risks detailed from time-to-time in our ongoing quarterly filings, annual information forms, annual reports and annual filings with Canadian securities regulators and the United States Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled "Risk Factors" in our filings with Canadian securities regulators and the United States Securities and Exchange Commission underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by law. We cannot assure you that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. For further information, please contact: Aptose Biosciences Inc. Susan Pietropaolo Corporate Communications & Investor Relations 201-923-2049 spietropaolo@

Ivanhoe Mines rating cut after 'materially weaker than anticipated update'
Ivanhoe Mines rating cut after 'materially weaker than anticipated update'

Yahoo

time6 hours ago

  • Yahoo

Ivanhoe Mines rating cut after 'materially weaker than anticipated update'

-- Scotiabank analysts downgraded Ivanhoe Mines (OTC:IVPAF) to Sector Perform from Sector Outperform in a note Thursday, following a "materially weaker than anticipated update pertaining to the company's flagship Kamoa-Kakula Cu complex in the DRC." The rating cut is primarily driven by "significant uncertainty on the future operating outlook" after preliminary geotechnical findings indicated that recent seismic activity at Kakula "appears self-induced by mining." While Ivanhoe Mines has implemented a short-term mine plan, it includes "substantially weaker 2025 Cu guidance of 370-420kt (vs. 520-580kt previously and our estimate of 440kt)." More critically, Scotiabank (TSX:BNS) notes that the "medium to long-term mine plan at the complex has been placed under review." Overall, the analysts "anticipate a future revised LOM operating plan (including Kakula) that is still very economic due to grade, but is likely based on lower mining rates, lower reserves, and higher costs." Given the remaining significant uncertainty, Scotiabank has reduced its corporate 10% NAVPS. by "another C$2.02 per share or by 19% based on a materially weaker outlook." Their asset-level Kamoa-Kakula 10% NAVPS declined by 27%. As a result of these revised expectations, Scotiabank has lowered its 12-month target price for Ivanhoe Mines to C$12.00 per share compared to the previous C$16.00 target." The new target is said to be based on "1.4x (vs. 1.5x previously) our 10% NAVPS estimate." Related articles Ivanhoe Mines rating cut after 'materially weaker than anticipated update' Morgan Stanley lifts XPeng target after G7 launch draws early interest Moderna explores outside financing for vaccine trials, shares dip

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