OpenText price target raised to $35 from $33 at Jefferies
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
an hour ago
- USA Today
No Open in sight, but with DP World Tour event, Donald Trump's foothold in Scotland grows
This week, the DP World Tour has returned to Scottish soil for the Nexo Championship, which is being held at —whisper it — Trump International Golf Links near Aberdeen. A late addition to the circuit's schedule, the event was originally called the Scottish Championship before a title sponsor hopped on board. In case you're wondering, Nexo is a premier digital assets wealth platform with its high-heeled yins proudly stating that, 'golf is a natural fit for our brand: elevated, global, and principled.' Is that not what Trump says about himself? Anyway, the Nexo Championship is the second significant event to be staged on Trump's golfing turf in the space of a few days, following the Staysure PGA Seniors' Championship, which concluded on Sunday. The other week, a petition urging the R&A not to take The Open back to Trump's Turnberry course was launched and earned upwards of 50,000 signatures. I've not found a petition against the staging of the Nexo Championship — the Scottish Government has chipped in with $240,000 of funding for it — or the golden oldies event on a Trump property yet. Amid all the fist-shaking, harrumphing, placard-waving and handwringing that greeted the U.S. President's visit to these shores last week, the actual golf events themselves clatter and batter on unhindered. Slowly but surely, Trump continues to establish a foothold in the business of championships on this side of the pond. My learned colleague, Ewan Murray of The Guardian, suggested in his own column recently that it would be no surprise to see a Scottish Open at Turnberry within the next few years. As Trump cut the ribbon on his second course at Balmedie last week, Guy Kinnings, the chief executive of the European Tour Group, was part of the ceremonial party. Presumably, any discussions about tournament golf at Trump-owned venues moved beyond the staging of the Nexo Championship? We all, meanwhile, know the championship Trump desperately craves. Despite all the 'dialogue' and 'feasibility work' about an Open at his treasured Turnberry, however, we all also know that there's probably more chance of the game's most celebrated major being held at Littlehill municipal while Trump is still around. In his homeland of the USA, Trump had a major, the PGA Championship, booked in at his Bedminster course in 2022 until the PGA of America stripped him of the honor after his incitement of the Capitol insurrection. PGA Championships are assigned to venues until 2032, while U.S. Opens are already locked in at various courses until 2043. The R&A, meanwhile, has announced Open venues only through 2027. Even if the prospect seems as remote as Point Nemo, The Open still remains Trump's best crack at a major championship. He may not be around to see it, mind you. It's hard to think that 10 years have hurtled by since we all trotted off down to Turnberry for the Women's Open of 2015 and the bold Donald hijacked affairs by birling about over the Ailsa course in his helicopter before making a grand entrance. That first morning of play was probably one of the most sigh-inducing days of my working life. Well, apart from the time there was no press lunch at an Amateur Championship one year. The bizarre circus unfolded not long after Trump had made his outlandish comments about Mexicans as his Presidential campaign became more volatile and divisive. Poor Lizette Salas, the daughter of Mexican immigrants who had spoken with quiet dignity on the eve of the championship about Trump's inflammatory rant, was encircled by cameras and microphones upon completing her opening round. In an elbowing, barging scrum of news reporters, she faced barking, salivating questions like, 'is he a racist?' instead of the more genteel, 'what club did you hit into the seventh?' It was all spectacularly unedifying on the first day of a women's major championship. About a year earlier, Peter Dawson, the then chief executive of the R&A, suggested that, 'it would be ludicrous if something said on the Presidential campaign trail dictated where an Open is held.' That observation didn't age particularly well, did it? Amid the general pandemonium that engulfed the Women's showpiece that day, a teenage Lydia Ko adopted an air of shrugging nonchalance to the whole palaver. 'I was on the 16th and saw the helicopter and I was like, 'man, that's a really nice helicopter, I'd love one,' she said at the time. Here in 2025, Trump's own heart's desire remains an Open Championship. For the time being, though, a Nexo Championship will do him. It's a telling foot on the DP World Tour ladder. He may climb a few rungs yet.
Business Insider
12 hours ago
- Business Insider
FLSmidth & Co. A/S (0OJA) Gets a Buy from Kepler Capital
Kepler Capital analyst William Mackie maintained a Buy rating on FLSmidth & Co. A/S on August 7 and set a price target of DKK440.00. The company's shares closed last Thursday at DKK380.40. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Mackie covers the Industrials sector, focusing on stocks such as LEGRAND, Alstom SA, and Nordex. According to TipRanks, Mackie has an average return of 8.8% and a 62.28% success rate on recommended stocks. Currently, the analyst consensus on FLSmidth & Co. A/S is a Moderate Buy with an average price target of DKK422.80. The company has a one-year high of DKK407.20 and a one-year low of DKK253.60. Currently, FLSmidth & Co. A/S has an average volume of 29.35K.
Yahoo
13 hours ago
- Yahoo
Goodyear Tire & Rubber Co (GT) Q2 2025 Earnings Call Highlights: Navigating Industry ...
Revenue: $4.5 billion, down 2% from last year. Unit Volume: Declined 5%. Gross Margin: Declined 360 basis points. SG&A Costs: Lower by $39 million. Segment Operating Income: $159 million. Net Income: Increased to $254 million, driven by a gain on the sale of the Dunlop brand. Loss Per Share: Adjusted loss per share was $0.17. Free Cash Flow: Includes benefits of $191 million in the quarter from asset sales. Net Debt: Declined over $600 million. Americas Unit Volume: Decreased 2.6%. Americas Segment Operating Income: $141 million, a decrease of $100 million compared to last year. EMEA Unit Volume: Decreased 2%. EMEA Segment Operating Income: Loss of $25 million. Asia Pacific Unit Volume: Decreased 16%. Asia Pacific Segment Operating Income: $43 million, with SOI margin growing 150 basis points. Warning! GuruFocus has detected 4 Warning Signs with GT. Release Date: August 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Goodyear Tire & Rubber Co (NASDAQ:GT) has executed consistently on its Goodyear Forward initiative, achieving P&L benefits ahead of schedule. The company has increased pricing in the US and Canada in response to tariffs, which has been effective in maintaining price-mix benefits. Goodyear has expanded its margins in the Asia Pacific region and reduced SG&A costs. The company is on track to deliver a strong balance sheet by the end of the year, supported by three divestitures. Goodyear is introducing new premium products, such as the Eagle F1 Asymmetric six and Assurance MaxLife two, to drive organic growth and improve its product mix. Negative Points Goodyear's second-quarter results were below expectations due to unprecedented industry disruption and global trade changes. The consumer OE industry contracted more than anticipated in both the Americas and Europe, impacting volume. There is increased competition in the consumer replacement market, particularly in the Americas and EMEA, affecting volume. The truck tire market is experiencing recessionary levels, with significant volume declines expected to continue. Tariff costs are increasing, with annualized costs expected to rise to $350 million, impacting the company's cost structure. Q & A Highlights Q: Could you elaborate on the impact of low-cost imports on your key markets, particularly outside the US, and clarify the timeline of the Section 232 tariffs? A: Christina Zamarro, Executive Vice President and CFO, explained that imports surged across key markets, including the US and Europe, rather than being redirected. The Section 232 tariffs for tires took effect in early May, and the significant increase in imports is partly due to the time it takes for tires to arrive from Southeast Asia. The expectation is that imports will decline in the US by the third quarter, while Europe may face additional tariffs due to ongoing investigations. Q: Can you provide insights into the price versus mix dynamics, and how do you see this evolving? A: Christina Zamarro noted that recent price increases are effective, but commercial truck mix has been a headwind. The demand in the US has been skewed towards lower-end products due to price inflation speculation. Seasonal mix improvements are expected in the fourth quarter, and new product launches in larger rim sizes should drive a richer mix. Q: What are the main components of the $74 million in other costs, and should we expect similar impacts in future quarters? A: Christina Zamarro clarified that the increase is due to annualized inflation, new tariff costs, and manufacturing inefficiencies from ramping down factories. These costs are expected to continue, with tariffs contributing $60 million in Q3 and $70-$80 million in Q4. Q: How are you addressing the commercial vehicle headwinds, and what is the outlook for this segment? A: Christina Zamarro indicated that the commercial truck profit contribution is significant, and the company expects additional unabsorbed costs in the second half. New tariffs from Brazil and Vietnam will also increase costs. Adjustments in production are being made to align with demand. Q: With the wind down of the Cooper brand's relationship with ATD, what impact did this have on volumes, and when do you expect resolution? A: Mark Stewart, CEO, explained that the decision to exit ATD was strategic, focusing on aligned distributors. By the end of July, 95% of the retail base had transitioned to new distributors. The impact on volumes was minimal, as ATD represented less than 5% of consumer replacement volumes. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
