Morgan Stanley believes that investors are undervaluing the growth potential for GE Aerospace . The bank launched coverage of the aerospace and defense stock with an overweight rating and $425 price target, implying an upside of 32%. Analyst Kristine Liwag applauded GE Aerospace's durable services growth, strong pricing power and pristine balance sheet. GE 1Y mountain GE 1Y chart "GE Aerospace is ...
Morgan Stanley believes that investors are undervaluing the growth potential for GE Aerospace . The bank launched coverage of the aerospace and defense stock with an overweight rating and $425 price target, implying an upside of 32%. Analyst Kristine Liwag applauded GE Aerospace's durable services growth, strong pricing power and pristine balance sheet. GE 1Y mountain GE 1Y chart "GE Aerospace is a best in class Aerospace and Defense franchise with a deep competitive moat in a long cycle industry defined by high barriers to entry. These traits and the mission critical nature of aircraft engines translate into durable above trend growth and meaningful long term pricing power," she wrote. "In our view, the company is a structural winner positioned to benefit from ongoing upward revisions to earnings and free cash flow." Liwag added that current consensus underestimates GE Aerospace's long-term free cash flow and earnings power, with further upside possible from multiple expansion and earnings revision. She wrote that forecasts exceed consensus by between 8% to 14% from 2027 to 2030, with services growth and aftermarket strength as major drivers, and expects the "positive market enthusiasm" for the stock to persist going forward. The analyst added that despite these growth drivers, shares of GE Aerospace still appear undervalued. "Upside remains via continued estimate revisions, with cumulative 2028–2030 FCF ~12.5% above consensus on mix, pricing, and services momentum," she said. "Shares trade at ~30% discount to top peers on 2028 P/FCF, based upon our estimates, leaving room for valuation upside alongside higher earnings expectations." Shares of GE Aerospace have surged 60% over the past 12 months and have popped 9% this year.
Sernova Biotherapeutics ( SVA:CA ) ( OTC: SEOVF ) said on Friday it plans to amend certain outstanding warrants, subject to approval from the TSX. The company will extend the expiry date to March 3, 2027 for 19,977,050 common share purchase warrants originally issued in September 2024 at an exercise price of $0.30 and set to expire on March 3, 2026, which excludes warrants held by insiders. Sernov...
Sernova Biotherapeutics ( SVA:CA ) ( OTC: SEOVF ) said on Friday it plans to amend certain outstanding warrants, subject to approval from the TSX. The company will extend the expiry date to March 3, 2027 for 19,977,050 common share purchase warrants originally issued in September 2024 at an exercise price of $0.30 and set to expire on March 3, 2026, which excludes warrants held by insiders. Sernova will also amend 5,466,250 investor warrants and 105,000 finder warrants issued in October and November 2025 by reducing the exercise price to $0.25 from $0.40 and adding a provision allowing the company to accelerate expiry if the five-day volume-weighted average trading price exceeds $0.50. No insider-held warrants will be amended. The changes are set to take effect on March 6, 2026. SEOVF closed -0.67% at $0.1033. Source: Press Release More on Sernova Biotherapeutics Inc Seeking Alpha’s Quant Rating on Sernova Biotherapeutics Inc Historical earnings data for Sernova Biotherapeutics Inc Financial information for Sernova Biotherapeutics Inc
A Turkish court has formally arrested Alican Uludag, a correspondent for the Turkish service of Germany’s state-funded broadcaster Deutsche Welle , on a charge of insulting President Recep Tayyip Erdogan . Uludag, 40, was detained by security forces in Ankara late on Thursday and later transferred to Istanbul to give a statement, DW said on its website. An Istanbul court subsequently ordered his a...
A Turkish court has formally arrested Alican Uludag, a correspondent for the Turkish service of Germany’s state-funded broadcaster Deutsche Welle , on a charge of insulting President Recep Tayyip Erdogan . Uludag, 40, was detained by security forces in Ankara late on Thursday and later transferred to Istanbul to give a statement, DW said on its website. An Istanbul court subsequently ordered his arrest pending trial. The state-run Anadolu Agency, citing the prosecutor’s office, reported that the charge relates to social media posts. DW quoted Uludag’s lawyer, Gokhan Teksen, as saying that the messages under investigation were posted about a year ago. “The criminal code is being converted to a stick to restrict freedoms,” Teksen said. DW director-general Barbara Massing said in a statement that Uludag is “a well-known investigative journalist” who reports on corruption and is “well-connected and has access to important sources.” Under Turkish law , insulting the president is punishable by up to four years in prison. The sentence may be increased if the offense is deemed to have been committed publicly.
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before. John Seo , managing director and co-founder of Connecticut-based Fermat — a hedge fund manager specialized in cat bonds — says he’s aware of 16 new issuers coming to market in 2025. That’s as much as eight times the historical average for fi...
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before. John Seo , managing director and co-founder of Connecticut-based Fermat — a hedge fund manager specialized in cat bonds — says he’s aware of 16 new issuers coming to market in 2025. That’s as much as eight times the historical average for first-time issuers, Seo said. He expects cat bond sales of about $24 billion this year, testing last year’s record. The rise in first-time sellers has been “pretty breathtaking,” he said in an interview. And it looks like “the issuance surge we’re seeing is far from over.” A key driver is the rise in inflation, which Seo says has added about 50% to the cost of rebuilding property over the past half decade. It’s a development that’s led insurers and reinsurers to transfer as much risk as they can to capital markets, handing alternative investment managers like Fermat an ever larger role in providing a financial backstop when natural disasters strike. Fermat told Bloomberg that its returns in 2025, net of fees, broadly matched the 11% increase in the Swiss Re Cat Bond Index last year. Investors make money if a predefined catastrophe doesn’t occur, and lose money if it does. In recent years, bondholders have generally come out on top. Gains on catastrophe bonds have matched those of the MSCI World Index of global stocks over the past half decade, and trounced returns on US corporate bonds . The bonds have also been making inroads into more mainstream financial markets thanks to a combination of inflation, urbanization and climate change. Asset managers specialized in the products now offer them to retail clients, while last year also saw the first ever exchange-traded funds built entirely on cat bonds, a development of which Seo says he’s skeptical. Cat bond ETFs “are perhaps subject to too much in frictional costs to run efficiently,” he said. Meanwhile, Seo says endowments, fa...
Western Union ( WU ) declares $0.235/share quarterly dividend , in line with previous. Forward yield 9.96% Payable March 31; for shareholders of record March 17; ex-div March 17. See WU Dividend Scorecard, Yield Chart, & Dividend Growth. More on Western Union Western Union: Material Risk From Immigration Measures Outweighed By 5x Earnings Multiple Western Union's 10% Dividend Is Now Reinforced By ...
Western Union ( WU ) declares $0.235/share quarterly dividend , in line with previous. Forward yield 9.96% Payable March 31; for shareholders of record March 17; ex-div March 17. See WU Dividend Scorecard, Yield Chart, & Dividend Growth. More on Western Union Western Union: Material Risk From Immigration Measures Outweighed By 5x Earnings Multiple Western Union's 10% Dividend Is Now Reinforced By A Clever Crypto Strategy Western Union: Even At 10% Yield, I Can't Give It A Buy Rating Western Union reports mixed Q4 results; introduces FY26 outlook Western Union Q4 2025 Earnings Preview
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, PPL Corp. (PPL) said it expects earnings for the full-year 2026 in a range of $1.90 to $1.98 per share.
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, PPL Corp. (PPL) said it expects earnings for the full-year 2026 in a range of $1.90 to $1.98 per share.
shaunl More than $175B of tariff revenue that the U.S. has collected is in jeopardy if the U.S. Supreme Court rules against President Donald Trump's tariffs, according to a media report on Friday. The court could rule as soon as Friday on whether the administration is allowed to tariff goods coming in from other countries using the International Emergency Economic Powers Act (IEEPA). Penn-Wharton ...
shaunl More than $175B of tariff revenue that the U.S. has collected is in jeopardy if the U.S. Supreme Court rules against President Donald Trump's tariffs, according to a media report on Friday. The court could rule as soon as Friday on whether the administration is allowed to tariff goods coming in from other countries using the International Emergency Economic Powers Act (IEEPA). Penn-Wharton Budget Model (PWBM) economists calculated the estimate using a forecasting model that applies tariff rates by product and country for specific duties imposed by the administration at the request of Reuters. The PWBM is a non-partisan fiscal research group at the University of Pennsylvania. If the IEEPA-based tariffs are found illegal, importers are expected to clamor for refunds from the U.S. Customs and Border Protection agency. That amount of refunds would top the total fiscal 2025 spending from the Department of Transportation ($127.6B) and the Department of Justice ($44.9B), Reuters said . Trump has boasted about the revenue generated by all of his tariffs, estimated by the Congressional Budget Office at about $300B annually over the next 10 years, but the PWBM estimates indicate that a large chunk is at risk if the court rules against the IEEPA tariffs. However, the Supreme Court may rule that Trump can't use IEEEPA for imposing tariffs but may allow the government to keep the duties already collected. Furthermore, administration officials have said the government will use other laws to justify the tariffs if the court rules against the ones imposed under IEEPA. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Tariffs Most investors expect the Supreme Court to block Trump tariffs in 2026, Goldman Sachs says Trump says tariffs prompt Novartis to expand U.S. manufacturing What I Expect To See When The Supreme Court Wraps Up The Tariff Debate
Park Hotels & Resorts ( PK ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 8.76% Payable April 15; for shareholders of record March 31; ex-div March 31. See PK Dividend Scorecard, Yield Chart, & Dividend Growth. More on Park Hotels & Resorts Park Hotels & Resorts FFO of $0.51 beats by $0.05, revenue of $629M beats by $6.7M Park Hotels sells five non-core hotels for...
Park Hotels & Resorts ( PK ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 8.76% Payable April 15; for shareholders of record March 31; ex-div March 31. See PK Dividend Scorecard, Yield Chart, & Dividend Growth. More on Park Hotels & Resorts Park Hotels & Resorts FFO of $0.51 beats by $0.05, revenue of $629M beats by $6.7M Park Hotels sells five non-core hotels for $198 Million Seeking Alpha’s Quant Rating on Park Hotels & Resorts Historical earnings data for Park Hotels & Resorts Dividend scorecard for Park Hotels & Resorts
(RTTNews) - Fourth quarter GDP, new home sales data and consumer sentiment reports might get special attention on Friday. Escalating U.S.-Iran tensions are closely monitored by investors.
(RTTNews) - Fourth quarter GDP, new home sales data and consumer sentiment reports might get special attention on Friday. Escalating U.S.-Iran tensions are closely monitored by investors.
(RTTNews) - The CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris rose to all-time high on Friday. Markets shrugged off lingering worries about the conflict between the U.S. and Iran. Sentiment remained positive despite a lower-than-expected ma
(RTTNews) - The CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris rose to all-time high on Friday. Markets shrugged off lingering worries about the conflict between the U.S. and Iran. Sentiment remained positive despite a lower-than-expected ma
Germany's Daniela Maier claims gold in the women's ski cross big final. Maier was following a contentious bronze medal finish four years ago in Beijing.
Germany's Daniela Maier claims gold in the women's ski cross big final. Maier was following a contentious bronze medal finish four years ago in Beijing.