Latest news with #Macquarie
Business Insider
20 hours ago
- Automotive
- Business Insider
Macquarie downgrades Bajaj Auto Limited (BAJAJ.AUTO) to a Hold
Bajaj Auto Limited ( – Research Report) received a Hold rating and an INR8,811.00 price target from Macquarie analyst Ashish Jain CFA yesterday. The company's shares closed yesterday at INR8,607.00. Confident Investing Starts Here: 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 According to TipRanks, Jain CFA is ranked #5087 out of 9552 analysts. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bajaj Auto Limited with a INR9,161.00 average price target, a 6.44% upside from current levels. In a report released today, Nomura also maintained a Hold rating on the stock with a INR10,020.00 price target.
Business Insider
20 hours ago
- Business
- Business Insider
Tingyi (Cayman Islands) Holding (TCYMF) was downgraded to a Hold Rating at Macquarie
Macquarie analyst Linda Huang downgraded Tingyi (Cayman Islands) Holding (TCYMF – Research Report) to a Hold today and set a price target of HK$13.80. The company's shares closed last Monday at $1.61. Confident Investing Starts Here: Huang covers the Consumer Cyclical sector, focusing on stocks such as Samsonite International SA, China Tourism Group Duty Free Corporation Limited Class H, and SJM Holdings. According to TipRanks, Huang has an average return of 3.0% and a 50.79% success rate on recommended stocks. Currently, the analyst consensus on Tingyi (Cayman Islands) Holding is a Strong Buy with an average price target of $1.88. Based on Tingyi (Cayman Islands) Holding's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $19.72 billion and a net profit of $924.56 million. In comparison, last year the company earned a revenue of $19.76 billion and had a net profit of $739.9 million
Yahoo
2 days ago
- Business
- Yahoo
Leading energy firm sent into tailspin due to US policy changes: 'Refocusing its global operations'
Reuters reported that Macquarie, an Australian investment bank, canceled the sale of Corio Generation because of a lack of interested buyers. Corio owns and oversees a major 25-gigawatt collection of offshore wind projects that span several continents, from Asia-Pacific to Europe and the Americas. The update comes at a time when President Trump's administration has sent global economies into a tailspin with aggressive tariffs, leading to overall market instability. However, the hesitancy also comes as the Trump administration has doubled down on dirty fuel sources like oil and gas, backpedaling on the significant advancements in renewable energy projects made in previous years. Now, Corio is downsizing instead. A spokesperson told Reuters that with the "challenging" market conditions, the company is "refocusing its global operations to prioritize the development of a smaller portfolio of projects which have the clearest route through to construction." Additionally, they said, "This will also require a restructure of the organization to reflect that change in strategy." Corio's projects are also facing challenges with skyrocketing construction costs, higher interest rates, and supply chain issues, Reuters explained. Wind power is both a positive economic force as well as a boon for the environment, curbing planet-heating pollution as it creates high-paying jobs. The U.S. Department of Energy predicts that the wind industry will have the potential to support hundreds of thousands more jobs in the coming decades. It also provides critical tax dollars, contributing an estimated $2 billion in state and local tax payments and land-lease payments annually, per Clean Power. Yet despite this, the Trump administration suspended leasing for new offshore wind projects on his first day back in office in January; the president has also halted the development of other existing projects. This setback could prove incredibly damaging, delaying progress on converting the global economy to renewable energy. This green transition is crucial for achieving carbon neutrality and ensuring the atmospheric stability and the future of the planet. But in the short term, projects like Corio's also generate positive financial returns for investors. While Corio is downsizing, the march toward a renewable-powered future still persists. Projects across solar, wind, hydro, and even nuclear power are contributing to massive growth in the renewable energy sector. In fact, renewable energy is set to be able to meet nearly half of the global electricity demand by 2030, according to the International Energy Agency. And when it comes to wind project development, many states are pushing back on the Trump administration's anti-environmental actions. Seventeen states and Washington, D.C., recently announced that they are suing the administration over its wind power obstruction. On a personal level, both voting for pro-climate candidates and investing personally in green stocks and companies are great ways to put your money where your priorities are. Do you think we should deal with air pollution by burying things underground? Sounds great No way Only for certain waste I'm not sure Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Business Insider
3 days ago
- Business
- Business Insider
Positive Report for Genesis Minerals Limited (GMD) from Macquarie
In a report released today, from Macquarie upgraded Genesis Minerals Limited (GMD – Research Report) to a Buy, with a price target of A$5.10. The company's shares opened today at A$4.55. Confident Investing Starts Here: 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 In addition to Macquarie, Genesis Minerals Limited also received a Buy from Canaccord Genuity's Tim McCormack in a report issued on May 26. However, on May 27, MA Financial Group maintained a Hold rating on Genesis Minerals Limited (ASX: GMD). The company has a one-year high of A$4.59 and a one-year low of A$1.68. Currently, Genesis Minerals Limited has an average volume of 5.31M.
Business Insider
3 days ago
- Business
- Business Insider
Monash IVF Group Ltd (MVF) Gets a Buy from Macquarie
Macquarie analyst Rachael Harwood maintained a Buy rating on Monash IVF Group Ltd (MVF – Research Report) today and set a price target of A$1.30. The company's shares closed yesterday at A$0.77. Confident Investing Starts Here: 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 According to TipRanks, Harwood is ranked #6501 out of 9551 analysts. In addition to Macquarie, Monash IVF Group Ltd also received a Buy from Wilsons's Shane Storey in a report issued on May 27. However, on May 20, RBC Capital maintained a Hold rating on Monash IVF Group Ltd (ASX: MVF).
