The firm reduced its price targets on five aerospace and defense stocks ahead of earnings, as part of its third-quarter earnings preview for the sector. TD Cowen cut its price target on L3Harris Technologies to $280 from $370, while maintaining a ‘Buy’ rating. The firm reduced its Lockheed Martin price target to $570 from $600 … Read more
Sector peer Archer Aviation, meanwhile, gained a bullish outlook from Barclays. Barclays downgraded Joby Aviation to ‘Underweight’ with a $4 target due to cash burn concerns, while launching coverage on Archer Aviation at ‘Overweight’ with an $8 target. Joby shares fell 9% to $5.26 in early trading, while Archer gained 5% to $4.95 at the … Read more
The ECI has issued strict caps on individual filings of Form-7 to prevent abuse. The move follows instances of bulk objections on unsubstantiated grounds, causing inconvenience to voters and administrative burden on election staff. The Election Commission of India (ECI) on Friday issued an official instruction to all Chief Electoral Officers (CEOs) of States and … Read more
Hyderabad Police have intensified ‘Mission Chabutra’ patrols, with a viral video showing officers chasing and detaining youths in Santosh Nagar. The crackdown has sparked online backlash, with netizens questioning its legality and raising concerns over personal freedom. In an effort to crack down on late-night street loitering and preemptively curb potential anti-social activities, Hyderabad Police … Read more
Netflix is reportedly preparing to reduce its global workforce by roughly 5% as it navigates decelerating revenue growth, subscriber engagement challenges, and an unsuccessful acquisition bid. Netflix plans to cut about 5% of its workforce as early as next week, potentially affecting hundreds of roles across its 16,000 full-time staff worldwide. The company’s stock has … Read more
Elon Musk escalated his push for Starlink’s India license, sarcastically addressing ‘Prime Minister Ambani’ and accusing him of monopoly. Union Minister Jyotiraditya Scindia countered, stating licenses are open and no monopoly will be allowed. SpaceX CEO Elon Musk who also controls satellite communications company Starlink has stepped up his attack on the Government and certain … Read more
UBS maintained its ‘Buy’ rating and $80 price target, implying a 68% upside potential from current levels. UBS said the company’s recent pricing promotion has successfully attracted members. The firm highlighted strong membership growth for Planet Fitness in September and early October. Planet Fitness is expected to post Q3 earnings of $0.81 per share and … Read more
Sources refuted claims by Rahul Gandhi that President Murmu’s response to ‘vote chori’ allegations was ‘shocking’. The INDIA bloc met the President, demanding the CEC’s resignation and a return to paper ballots over electoral malpractice claims. The claims being made by Leader of Opposition in Lok Sabha Rahul Gandhi are “incorrect”, and it is unfortunate … Read more
Genpact employees in Hyderabad have alleged gender discrimination, workplace harassment and excessive work pressure by a senior manager. They claim complaints raised through the company’s internal HR forum have remained unresolved for more than three weeks. Employees at global professional services firm Genpact’s Hafeezpet branch (Hyderabad) have alleged gender discrimination, workplace harassment and excessive work … Read more
Roth Capital said SpaceX’s spectrum acquisition could increase the value of low-band spectrum controlled by the three companies Roth estimates that applying SpaceX’s reported price per MHZ would value Gogo’s spectrum holdings at about $2.3 billion. The firm sees potential benefits for Aviat Networks and Ceragon Networks, which provide wireless networking and communications equipment. Roth … Read more