Latest news with #Jefferies
Business Insider
4 hours ago
- Business
- Business Insider
Bharti Airtel Limited (BHARTIARTL) Gets a Buy from Jefferies
In a report released today, Akshat Agarwal from Jefferies maintained a Buy rating on Bharti Airtel Limited (BHARTIARTL – Research Report), with a price target of INR2,370.00. The company's shares closed today at INR1,856.20. Confident Investing Starts Here: Agarwal covers the Technology sector, focusing on stocks such as Coforge Limited, Infosys Limited, and HCL Technologies Limited. According to TipRanks, Agarwal has an average return of -4.5% and a 36.73% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bharti Airtel Limited with a INR1,824.29 average price target, representing a -1.72% downside. In a report released on May 16, Citi also maintained a Buy rating on the stock with a INR2,090.00 price target.
Skift
5 hours ago
- Business
- Skift
Everhome Suites Expands U.S. Footprint
The DJIA rose 117 points, the Nasdaq was up 75, the S&P 500 rose 24 points and the 10-year treasury yield was down .05 to 4.42%. Lodging stocks were modestly higher. Jefferies reported on a meeting they held with Ryman Hospitality Properties management. They liked what they heard as the firm upped their price target to $115 from $109 while maintaining their Buy rating. The key focus of the meeting was on the recently announced acquisition of the JW Marriott Desert Ridge, along with the opportunities for Opryland Entertainment Group. The JW Marriott purchase provides RHP access to Phoenix, the 7th largest convention market in the U.S. RHP sees an opportunity to capitalize on shifting mix toward business groups versus leisure. Jefferies sees an opportunity to expand the property over time. The transaction is expected to close in late 2Q or early 3Q. As for the OEG, Jefferies said it presents a future value-capture opportunity that seems highly likely to occur in the medium term. STR reported U.S. lodging data for the week ended May 24th. U.S. hotel RevPAR rose 1.1% year over year with rates up 1.5%. Group RevPAR rose 6%. Everhome Suites continues to grow its nationwide footprint with the opening of six new properties and three groundbreakings. Choice Hotels now has 14 Everhome Suites open, 19 under construction, and more than 60 in the pipeline. The brand is on track to have nearly 25 hotels open by the end of the year. The newly opened and under-construction hotels were developed with longtime collaborators of Choice Hotels and Highside Companies. These include: the 114-room Everhome Suites Bastrop, Texas, opened in February 2025. The 122-room Everhome Suites Waco, Texas, opened in March 2025. The 122-room Everhome Suites Brownsville, Texas, and the 122-room Everhome Suites El Paso, Texas, opened in April 2025. Opening in June 2025 is the 114-room Everhome Suites Amarillo, Texas. The Everhome Suites Georgetown, Texas, broke ground in March 2025 and is scheduled to open in September 2026 with 115 guestrooms. In Arizona, the 122-room Everhome Suites Yuma will open in July 2025. Everhome Suites Salem, Oregon, broke ground in April 2025 and is slated to open in the third quarter of 2026 with 114 guestrooms and the Everhome Suites Dayton, Ohio, will break ground in June 2025 and is scheduled to open in the first quarter of 2027 with 114 guestrooms. The Talbott, a historic landmark in Chicago's Gold Coast, has completed a full-scale renovation and officially joins Marriott Bonvoy's Autograph Collection. From check-in to room relaxation, the renovation re-imagined every aspect of the property, including all 178 guestrooms, public spaces, and event areas. The Hilton New York Fashion District unveiled a fresh new look as part of the extensive property-wide renovations. The property updates include a complete refresh of all 280 guestrooms, public spaces, and meeting areas. Managed by Aimbridge Hospitality, the Hilton New York Fashion District features a rooftop bar, live music programming, modern dining options, a fitness center, and a business center. Hilton announced the signing of a branding and management agreement with Wine Country Hospitality Partners, LLC for the new build Waldorf Astoria Texas Hill Country and Waldorf Astoria Residences Texas Hill Country, marking the debut of Waldorf Astoria Hotels & Resorts in the Lone Star State. The project is expected to open in 2027 and will be managed by Hilton. The property will encompass 60 dedicated hotel guestrooms and suites, 37 branded multi-bedroom resort villas eligible to participate in a hotel rental program as 74 additional keys, and 50 branded private residences. The resort will also include five food and beverage concepts, a spa and fitness center, two resort-style pools, and more. The 253-room Embassy Suites by Hilton located next to the Charleston Area Convention Center in North Charleston, South Carolina, has completed a $12 million renovation. The renovation included improvements to the guest suites and event venues and expanding the common areas and dining spaces. The renovation also included technology upgrades in the conference areas and suites as well as behind-the-scenes updates to the heating and cooling systems. The Embassy Suites by Hilton is owned by Atrium Hospitality. Pacific Waters Spa at Hyatt Regency Huntington Beach Resort unveiled a curated selection of treatments catering to the needs of those seeking enhanced recovery and overall well-being. The spa's latest offerings include Halotherapy Infrared Sauna; Luminova Illuminating Wellness with Light; Avacen; Therabody Zero Gravity Experience; and the Sedona PEMF Mat. Hyatt Regency Huntington Beach Resort & Spa features 519 guestrooms including 58 suites, multiple dining outlets, a lagoon-style pool, and a retail plaza. The Trail Hotel, the world's first bourbon-infused luxury hotel, is now welcoming guests in Bardstown, Kentucky. Housed in a re-imagined historic property, the 95-room hotel boasts eight signature suites, a four-star dining experience, five distinct bars; an array of modern wellness amenities; and meetings and events spaces. The Lake County, Indiana Board of Commissioners selected the proposal from the city of Gary and Hard Rock Northern Indiana as the winning bid for the new convention center. The city and Hard Rock plan to build a 145,000-square-foot convention center and Hard Rock Hotel near the casino. The plan is for the property to also have space for two additional hotels, including one REVERB by Hard Rock Hotel, and two restaurants and retail spaces. The city of Gary beat out the city of Hobart for the Lake County Convention Center. The Adelphi Hotel in Saratoga Springs, New York, is putting the final touches on its more than $75 million renovation and expansion. The classic Victorian hotel's transformation includes more guestrooms, growing from 32 to 65, with modern bathrooms and radiant heated floors. There is also a gym, game room, gathering room with a bar, and two onsite restaurants. Hotel Wren, a re-imagined 1940's roadside motel, is now open in Twentynine Palms, California. The 12-room hideaway is a 21+ property and features a curated bodega of provisions and objects. SomeraRoad purchased the historic Hotel Bossert, in Brooklyn, New York, for $100 million. The seller, Beach Point Capital, provided a $71 million mortgage to SomeraRoad. The developer plans to restore the building and open it as residences. The team behind the development set to alter the base area of Keystone Resort, in Summit County, Colorado, is now shooting for a winter 2025 opening as opposed to the previously planned summer 2025 opening. The $300 million project, by Kindred Development Team, encompasses three buildings, including a 107-room hotel, three restaurants, 95 luxury condos, a ski school, event space, and more. The hotel and 62 residences, called the West Tower, are on track to be completed first, and the East Tower with the remaining 33 residences will follow. In the center of the three towers will be a courtyard with an Astroturf field, fire pits, and yard games. Walker & Dunlop, Inc. advised on an $86,000,000 loan to refinance the Caesars Republic Scottsdale, a Hilton Hotel, located in the epicenter of Scottsdale Fashion Square. Walker & Dunlop Arizona Capital Markets, partnered with Walker & Dunlop New York Capital Markets, to arrange the loan as an exclusive advisor to HCW Development. A regional bank provided the financing. The Caesars Republic Scottsdale boasts 265 guestrooms, three restaurants, two pools, and over 20,000 square feet of event space. DoveHill announced the successful exit of its preferred equity investment in the Courtyard New York Manhattan Chelsea, delivering an impressive 18.4% IRR over a four-year hold period to its investors. DoveHill Sponsor Fund I was strategically raised during the Covid-19 pandemic to capitalize on distressed opportunities within the hospitality sector. DoveHill is raising its second fund, DoveHill Opportunity Fund 2, which will continue to pursue preferred equity investments in hospitality and direct equity stakes in distinctive experiential and lifestyle-centric hotels. Global Highlights InterContinental Hotels & Resorts, part of IHG Hotels & Resorts' luxury and lifestyle portfolio, announced a new property in Guayaquil, marking its first destination in Ecuador. Developed in partnership with BPO Consulting, InterContinental Guayaquil will offer 101 guestrooms, 11 suites and one Presidential Suite, a specialty restaurant, a poolside lounge, a resort-style rooftop pool, a spa, and a fitness center. It will also feature approximately 610 square meters of dedicated meeting and event space in addition to a signature Club InterContinental lounge. The hotel is set to open in 2027. Europe Highlights Yoomata Aldgate Property has acquired Challenger House in Whitechapel, London. The joint venture between Euragone Investment Management and Mata Capital paid Great Portland Estates £42 million for the asset together with a plot of undeveloped land. Challenger House comprises 180 rooms alongside a ground-floor restaurant and bar. Yoomata is planning to redevelop the site to eventually operate it under the Yooma Urban Lodge brand.
Yahoo
10 hours ago
- Business
- Yahoo
Why GDS Holdings Limited (GDS) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where GDS Holdings Limited (NASDAQ:GDS) stands against other worst-performing stocks. GDS Holdings dropped for a second day on Wednesday, losing 8.73 percent to finish at $24.77 apiece as investors soured on an investment firm's lower price target for the company while digesting its planned $623-million fundraising activity. On Wednesday, Jefferies markedly lowered its price target for GDS Holdings Limited (NASDAQ:GDS) by 22 percent to $37.32 from $47.76 previously, following its planned fundraising program that is expected to dilute ADS by 5 percent. However, Jefferies maintained its Buy recommendation on the stock. A top level executive looking out of a skyscraper window, symbolizing the strategic decisions taken by the company. In separate statements, GDS Holdings Limited (NASDAQ:GDS) said it was planning to raise a higher amount from the issuance of convertible notes, now at $500 million versus the $450 million previously. The notes carry a 2.32 percent yield and are set to mature in 2032. Meanwhile, the remaining $123 million is expected to be raised from the issuance of American Depositary Shares (ADS), each representing eight Class A ordinary shares, at a price of $24.50 apiece. The company said proceeds will be used for general corporate purposes, working capital needs, and the refinancing of its existing indebtedness, including potential future negotiated repurchases or redemption upon exercise of the investor's put right of its convertible bonds due 2029. Overall, GDS ranks 8th on our list of worst-performing stocks. While we acknowledge the potential of GDS, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GDS and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
13 hours ago
- Business
- Yahoo
Unity upgrade, UiPath earnings, Regeneron drug trial results
Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Unity Software's (U) upgrade to Buy from Jefferies analysts, UiPath (PATH) beating its earnings estimates, and Regeneron Pharmaceuticals (REGN) taking a stock hit on its mixed drug trial results for an experimental treatment to a condition referred to as smoker's lung. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
Reuters
15 hours ago
- Business
- Reuters
Gap shares slide as tariffs loom large over apparel maker's turnaround plans
May 30 (Reuters) - Gap (GAP.N), opens new tab shares fell 20% in early trading on Friday after the Old Navy owner warned that U.S. tariffs would squeeze this year's profit, even as the apparel maker aims to soften the blow by diversifying its supply chain and investing in U.S. cotton. The company reaffirmed its annual forecasts that did not include tariff-related costs but flagged expenses of up to $300 million, which analysts said would weigh on Gap's margins through the second half of the year and into 2026. Shares of the company, which owns brands such as Banana Republic and ON, were trading at $22.44. The stock has surged 30% so far this month, as investors focused on the firm's efforts to improve product innovation and store operations. At least three brokerages trimmed price targets on the stock, with Jefferies cutting it by the most, to $26 from $29. "Banana Republic and Athleta likely need much reinvestment to drive consistent positive comparable sales and margin expansion, in our view," UBS analyst Jay Sole said. President Donald Trump's trade policy has threatened to upend supply chains and push up prices for everyday essentials. Some retailers including Best Buy (BBY.N), opens new tab have accounted for the tariffs and a few others have pulled their forecasts. However, firms like Gap have excluded the impact from their outlook, citing an ever evolving trade policy. Under the leadership of Richard Dickson, who took helm in 2023, Gap laid out plans to double the use of America-grown cotton by 2026, with executives on a post-earnings call saying that investing in the U.S., its biggest market, remains a key priority. It has been diversifying its supplier footprint for several years, and currently has a less than 10% exposure to China. The region was one of its top manufacturing hubs, followed by Vietnam and Indonesia. It aims for no country to account for more than 25% by the end of 2026. The company topped Wall Street estimates first-quarter sales and profit helped by full-price selling in its namesake and Old Navy brands. Gap's forward price-to-earnings multiple (P/E), a common benchmark for valuing stocks, is 11.69, compared to a P/E ratio of 7.99 for Abercrombie & Fitch (ANF.N), opens new tab and 10.02 for American Eagle Outfitters (AEO.N), opens new tab, according to LSEG.
