Paladin Energy downgraded to Equal Weight from Overweight at Morgan Stanley
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.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
IPO & M&A Market Rebound: What it Means for Goldman's IB Business
The Goldman Sachs Group, Inc. GS is capitalizing on the ongoing rebound in global deal-making activities. The Global Banking & Markets division, which houses its investment banking (IB) business, remains the key growth engine. The division revenues accounted for 69.4% of the total net revenues as of June 30, 2025. Although 2025 began with optimism, market sentiment briefly dipped following Trump's tariff plans announced on 'Liberation Day' In April. Mergers and acquisitions (M&As) have since regained momentum, and Goldman's IB fees rose 8% year over year in the first half of 2025. Specifically, advisory revenues rose 16% year over year, while debt underwriting revenues were up 2% and equity underwriting revenues grew nearly 1% in the first half of 2025. Additionally, Goldman, one of the largest and well-known investment banks, maintained its leading position in announced and completed M&As, reinforcing its strength in Global Banking & Markets. M&As are expected to remain robust in the second half of 2025, driven by stronger stock valuations, pent-up demand, and corporates' pursuit of greater scale and competitiveness. This outlook is further supported by regulatory shifts under the Trump administration, with the Federal Reserve moving to loosen 'well-managed' requirements and streamline approval processes, creating more conducive conditions for consolidation. These shifts should further bolster Goldman's advisory revenues, wherein it already holds a commanding lead. At the same time, the IPO market is showing renewed vitality. Investor demand for new issues is improving, particularly in technology and crypto-related offerings, aided by stronger equity markets, mainstream adoption of digital assets, favorable regulations, and a surge in Bitcoin prices. Importantly, the IPO pipeline is expected to remain solid through the end of 2025, signaling continued strength in equity underwriting. With rising M&A deals and IPO pipelines, Goldman's decent IB backlog and leadership position will continue to support its IB performance. Here's How GS Competes With MS & JPM in IB Business Morgan Stanley's MS IB business has been subdued this year, with the metric inching up 1% from the prior-year quarter. Its fixed income underwriting fees decreased 2%, while equity underwriting income rose 5% year over year. Morgan Stanley's advisory fees rose 2% year over year in the first half of 2025. Morgan Stanley remains cautiously optimistic about the performance of the IB business, supported by a stable and diversified M&A pipeline. JPMorgan's JPM total IB fees (in the Commercial & Investment Bank segment) grew 9% year over year in the first half of 2025. Specifically, JPMorgan's advisory and debt underwriting fees rose 11% and 14% year over year, respectively. On the contrary, equity underwriting fees fell 7%. Given its leading market share, diversified capabilities, and global reach, JPMorgan is well-positioned to witness a solid performance in the upcoming period. Goldman's Price Performance, Valuation & Estimates GS shares have gained 27.7% year to date compared with the industry's growth of 23.2%. Price Performance Image Source: Zacks Investment Research From a valuation standpoint, Goldman trades at a forward price-to-earnings (P/E) ratio of 14.64X, above the industry's average of 14.47X. Price-to-Earnings F12M Image Source: Zacks Investment Research The Zacks Consensus Estimate for GS's 2025 and 2026 earnings implies year-over-year rallies of 12.6% and 14.9%, respectively. Likewise, the Zacks Consensus Estimate for GS's 2025 and 2026 sales implies year-over-year increases of 6.3% and 6.5%, respectively. The estimates for both years have been revised upward over the past 30 days. Estimates Revision Trend Image Source: Zacks Investment Research Goldman currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Yahoo
2 hours ago
- Yahoo
Morgan Stanley Trims Coherent (COHR) Price Target, Cites 'Underwhelming' Outlook
Coherent Corp. (NYSE:COHR) is one of the On August 14, Morgan Stanley lowered the firm's price target on the stock to $89 from $97 and kept an Equal Weight rating on the shares. According to the analysts, Q4 EPS was better than Street estimates. However, Coherent's results and outlook were 'underwhelming.' This is particularly true considering how the stock jumped 20% the last month and elevated expectations based on other AI-related prints. Morgan Stanley believes that the stock is likely 'to remain in the penalty box for now.' A financial analyst intensely examining MSCI Korea 25/50 index and portfolio benchmarking. Coherent Corp. (NYSE:COHR) is an American manufacturer of optical materials and semiconductors. While we acknowledge the potential of COHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. 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
Yahoo
2 hours ago
- Yahoo
Nvidia is the most underowned megacap stock, Morgan Stanley says
Nvidia (NVDA) may be the market's biggest AI stock, but institutional investors are still shying away. "NVDA is now the most under-owned large-cap tech stock," Morgan Stanley analyst Erik Woodring wrote in a note. Though the chipmaker has grown into the world's most valuable company, investors don't hold it in line with its S&P 500 (^GSPC) weight. According to Woodring, Nvidia's market value accounts for 7.37% of the index, but its share in the average active institutional portfolio is 4.2%, an adjusted underweight of 2.41 percentage points. The gap is the largest of any of the 15 major tech companies Morgan Stanley's team tracks. The disconnect highlights Nvidia's unique position. Its stock has been one of the best-performing names — up nearly 1,300% in the past five years — thanks to the AI boom. But its rapid rise and ongoing risks tied to geopolitics and supply chains have made some investors hesitant to load up. History shows that underowned stocks often get pulled higher over time as investors gradually increase their holdings to match the stock's weight in the index. "There is a statistically significant relationship between low active ownership ... and future stock performance," Morgan Stanley wrote. By comparison, Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN) are also underowned, but not to Nvidia's extent. Microsoft was underweight by 2.39%, Apple by 1.66%, and Amazon by 1.40%. In contrast, the most overowned tech stocks include Intuit (INTU) at +0.83%, Oracle (ORCL) at +0.32%, and Dell (DELL) at +0.25%. Despite the underweighting, Nvidia's fundamentals remain solid. "Leading indicators of compute demand remain exceptionally strong with no signs of slowing," the firm's analysts wrote. "As supply chain constraints around rack-scale solutions ease and the U.S. government advances export license approvals for China, we continue to view Nvidia as a premier asset in the current era of AI dominance." Nvidia's stock has been up 33% in 2025, outperforming the S&P 500's 10% advance. Much of the optimism stems from demand for its graphics processing units (GPUs), used for AI and cloud-based enterprise applications. Still, not everyone is on board with the bullish sentiment surrounding megacap stocks. Torsten Sløk, Apollo Management's chief economist, previously told Yahoo Finance's Opening Bid that the current valuations in megacap tech stocks, and the index as a whole, may not be sustainable. (Disclosure: Yahoo Finance is owned by Apollo Global Management.) At the time, he pointed to internal data showing that the price-to-earnings (P/E) ratios of the 10 largest S&P 500 companies, including AI stocks like Meta (META) and Nvidia, had surpassed levels seen during the dot-com bubble in 1999. Francisco Velasquez is a Reporter at Yahoo Finance. He can be reached on LinkedIn and X, or via email at Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
