Latest news with #KeyBancCapitalMarkets
Yahoo
24-05-2025
- Business
- Yahoo
KeyBanc Upgrades United Rentals (URI) to Overweight
On May 22, KeyBanc Capital Markets analyst Ken Newman upped United Rentals, Inc. (NYSE:URI)'s stock from 'Sector Weight' to 'Overweight', providing a price objective of $865.00. United Rentals, Inc. (NYSE:URI), which is an equipment rental company, has a large fleet size and diverse portfolio, which consists of high-value niche Specialty offerings. The analyst's favourable outlook on the company's stock is not because of immediate improvements in non-residential construction fundamentals or fleet dynamics. Rather, the analyst opines that the recent fall in its share price provides a favorable opportunity for investors to enter. Over the past 6 months, the company's stock has seen a decline of over ~17%. A construction crew working in the field with earthmoving equipment illuminated by a setting sun. United Rentals, Inc. (NYSE:URI) remains well-placed to withstand the current macroeconomic uncertainties and to benefit from expected market upturns, added Newman. As per the analyst, the company's significant business with larger National Accounts, thanks to its ongoing large-scale projects, can lead to stable rental revenue growth and better fleet dynamics in comparison to its main competitors. Overall, the analyst believes that despite the absence of a short-term boost, United Rentals, Inc. (NYSE:URI)'s strategic advantages and market positioning paint a favourable picture for its stock. While we acknowledge the potential of URI to grow, 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 URI and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now 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
22-05-2025
- Business
- Yahoo
Dollar Tree Hikes Prices, KeyBanc Boosts EPS Estimates Amid Tariff Pressures
On May 20, Dollar Tree Inc. (NASDAQ:DLTR) made headlines after KeyBanc Capital Markets said that the company raised prices on several items from $1.25 to $2 in April. KeyBanc Capital Markets emphasized Dollar Tree's ability to adapt its inventory strategy in response to tariff-related challenges, either by eliminating specific products or sourcing from alternative suppliers. Although this flexibility has helped the retailer manage growing expenses, analysts warn that sustained tariff pressure may necessitate a review of its current financial projections. Stocks Although Dollar Tree Inc. (NASDAQ:DLTR) has already absorbed the impact of a 10% tariff, resulting in additional monthly costs between $10 million and $15 million, or an 8% to 12% wear on annual EPS, the retailer has not yet factored in the possibility of a 20% tariff, which could result in unmitigated costs of approximately $20 million per month. That said, investor sentiment seems to be positive in general, as Dollar Tree's pricing strategies, the projected net proceeds of about $800 million from the sale of Family Dollar, and the possibility of a stock re-rating following the divestment are all considered favorable. In addition, in light of Dollar Tree's better-than-expected first-quarter performance, KeyBanc has revised its 2025 EPS estimate for the company, increasing it from $4.55 to $4.65. While we acknowledge the potential of DLTR to grow, 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 DLTR and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: 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
20-05-2025
- Business
- Yahoo
Doral Renewables gains $1.5bn financing for US solar projects
US-based renewable energy assets developer Doral Renewables has secured up to $1.5bn in financing for its Mammoth South, Mammoth Central I and Mammoth Central II solar projects in Pulaski County, Indiana, US. The projects, each with 300 megawatts alternating current (MWac) capacity, are integral parts of the larger 1.3GW Mammoth Solar facility, set to supply electricity to 275,000 households each year. Each project has secured long-term power purchase agreements with prominent utilities and all will commence commercial operations in the fourth quarter of 2026. KeyBanc Capital Markets, Banco Santander and HSBC Bank USA served as co-ordinated lead arrangers for the $1.3bn construction debt financing. The package includes $412m in construction-to-term loan facilities, $614m in tax equity bridge loans and a $259m letter of credit facility. The financial closure coincided with Doral's agreement of more than $200m in tax equity commitment from Truist Bank for the Mammoth South project. Doral Renewables chief financial officer Evan Speece stated: "We are thrilled to close these landmark financings to support the construction of the remaining three phases of our Mammoth Solar project. "Each of the three banks leading the debt financing is a repeat partner for Doral and we could not be happier to broaden our relationships with them. Notably, we are also proud to be extending our long-standing relationship with Truist by executing our first tax equity transaction together." The Mammoth South, Central I and Central II projects will be ground-mounted single-axis photovoltaic systems and will incorporate more than one million solar modules manufactured in the US. They will utilise 20,000 tonnes (t) of Indiana steel, injecting tens of millions of dollars into the state's economy. Doral aims to broaden its agrivoltaics initiatives within the project sites, promoting heritage farming activities such as livestock grazing and food production. Marathon Capital Markets acted as tax equity advisor, while McDermott Will & Emery provided legal counsel to Doral for both the construction debt and tax equity. CCA Group was the tax equity advisor, with Milbank providing legal counsel to Truist. The lenders received legal counsel from Norton Rose Fulbright. In April 2025, Doral Renewables also secured tax equity financing for its Great Bend solar project, with Fifth Third Bank committing to an investment of $30m. "Doral Renewables gains $1.5bn financing for US solar projects" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Miami Herald
02-05-2025
- Business
- Miami Herald
Apple sees sharp narrative shift as tariffs dominate tech giant's outlook
Narratives can change pretty swiftly on Wall Street, dragging even the biggest companies into discussions that were largely ignored only a few months ago. Apple (AAPL) , which earlier this year was under fire for failing to devote the proper resources to its AI investment thesis, made no mention of tariffs on its first quarter conference call in January. In fact, just ten days after President Trump's inauguration, CEO Tim Cook would only say that the world's biggest tech company was "monitoring the situation". Last night, however, tariffs were mentioned 27 different times during Apple's March quarter earnings call as Cook conceded that the Trump administration's 145% levy on China-made goods, as well as baseline tariffs of 10% on virtually every other U.S. trading partner, would add a $900 billion cost headwind to the current quarter. That's shifted investor concern from Apple's AI investments to the tech giant's supply chain, and the speed in which it can transition from an over-reliance on China-based production to avoid being caught in the crosshairs of the escalating trade war between Washington and Beijing. Most U.S. iPhones this quarter will likely come from India, rather than China, Cook said, while other Apple hardware is expected to originate in Vietnam. Image source:"What we learned some time ago was that having everything in one location had too much risk with it," Cook told investors late Thursday. "And so we have, over time, with certain parts of the supply chain, not the whole thing, but certain parts of it opened up new sources of supply. And you could see that kind of thing continuing in the future." Apple still managed a solid March quarter, the second in its unique fiscal calendar, with overall revenues rising 5% from last year to $95.36 billion, topping Street forecasts, and iPhone sales rising 2% to $46.84 billion. The group expects current quarter revenues to rise in the "low single digits" this quarter, suggesting an overall tally of between $86.6 billion and $90.1 billion, with profit margins narrowing to reflect the $900 billion in tariff costs. Related: Analysts revisit Apple stock price targets as Cook courts Beijing KeyBanc Capital Markets analyst Brandon Nispel, however, thinks the tariff overhang is likely to last week into the back half of the year and drag on Apple's share price performance at the same time. "We think Apple's tariff mitigation efforts are likely better than most expect, but at the end of the day, we believe it's likely a little-to-no-growth business, where expectations continue to call for an acceleration in growth into 2026," he said in a note published Friday. Wedbush analyst Dan Ives, however, thinks Apple was able to find some "breathing room" from the tariff uncertainty through its India supply chain shift, allowing it to introduce the new iPhone 17 later this autumn without a major disruption in its key U.S. market. "The demand environment appears stable for Apple and the guidance for June was generally in-line with expectations and we were surprised the company actually gave an outlook at all given the tariff complexity," he said. "It feels like Apple has a very good grip around this very complex tariff issue with Cook being 10% politician and 90% CEO," Ives added. How that mix, which Ives suggests could be as high as 20%/80% in the current tariff climate, changes Apple's near-term performance is anyone's guess. Shares in the group have fallen nearly 18% from their late-December peak, and were last marked 3.1% lower in premarket trading at $206.63 each. China has suggested a potential thaw in U.S. trade relations, through a statement from its Finance Ministry that it's "evaluating" an overture from Washington, but also warned that "attempting to use talks as a pretext to engage in coercion and extortion would not work." Related: Analysts revisit Apple stock price target as Trump offers tariff relief Apple is also only getting a minimal tailwind from the infusion of Apple Intelligence into its new suite of iPhones, and a pullback in consumer spending over the coming months will cloud both its iPhone 17 launch and sales of its hardware and services. That could be why Apple undershot expectations in its share buyback plans, which were pegged at $100 billion. "We found this a bit of a head-scratcher, as Apple historically either holds its buyback or increases it authorization versus the prior year," said CFRA analyst Angelo Zino, who suggested the group is keeping some of its buyback powder dry amid tariff concerns. Cook, however, struck and upbeat tone as he navigated investors into the murky uncertainty of a global trade war. "For our part, we will manage the company the way we always have, with thoughtful and deliberate decisions, with a focus on investing for the long term, and with dedication to innovation and the possibilities it creates," he said. "As we look ahead, we remain confident, confident that we will continue to build the world's best products and services and confident that we can continue to run our business in a way that has always set Apple apart." More Tech Stocks: Amazon makes move that the White House hates, then walks it backAnalyst reboots Apple stock price target ahead of earningsControversial EV tax credits will be bad news for Tesla The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
23-04-2025
- Business
- Yahoo
Is Acadia Healthcare Company Inc (ACHC) The Top Falling Stock with Unusual Volume?
We recently published a list of . In this article, we are going to take a look at where Acadia Healthcare Company Inc (NASDAQ:ACHC) stands against other top falling stocks with unusual volume. Uncertainty around tariffs and macroeconomic conditions has dented investor confidence, resulting in stock prices falling. While some stocks have come under pressure due to the above two reasons, others have simply followed the market direction or have dipped for company-specific reasons. Regardless of the reasons for stocks going down, falling stocks provide an opportunity for fresh investors to get in at good prices. Once the risks subside, these stocks usually recover quickly as well. We decided to uncover these stocks and see if it makes sense to put money in them to take advantage of the ongoing market turmoil. To come up with our list of top 20 stocks falling with unusual volume, we looked at stocks over $300 million in market cap, their one-week performance, and used relative volume to detect the unusual volume activity. Relative volume compares the daily volume to the three-month average trading volume of the stock, making it easy to detect spikes in volume. These spikes usually signal something important is happening, which, when combined with falling prices, becomes a red flag that investors can't ignore. A healthcare professional discussing a treatment plan with a patient in an outpatient clinic. Acadia Healthcare Company Inc (NASDAQ:ACHC) is a behavioral healthcare services provider. It operates and develops comprehensive treatment centers, acute inpatient psychiatric facilities, residential treatment centers, and specialty treatment facilities comprising residential recovery facilities and eating disorder facilities. The firm's stock is down 11.71% in a week on a relative volume of 3.17. The company earned an upgrade at the start of this year. KeyBanc Capital Markets analyst Matthew Gillmor upgraded the firm from Sector Weight to Overweight on the back of an expected potential momentum of its EBITDA in 2026. He assigned a price target of $70 to Acadia Healthcare Company Inc (NASDAQ:ACHC). Analyst Matthew Gillmor stated: 'We think valuation can begin to normalize during 2025 (to >9x), as negative press headlines from 2024 fade and 2026 EBITDA comes into focus.' A similar sentiment was shown by another analyst only a few days ago. Guggenheim analyst Jason Cassorla upgraded the stock to Buy with a price target of $36. He was optimistic about the long-term outlook of the industry. The company's valuation seems attractive regardless of the current market conditions. However, there is no meaningful short-term catalyst for the business itself, so the direction of the broader market may well determine investor returns in this case. Overall, ACHC ranks 8th on our list of top falling stocks with unusual volume. While we acknowledge the potential of ACHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ACHC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
