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1 week ago | 
benzinga.com | Nabaparna Bhattacharya
PNC Financial Services Group, Inc. PNC reported first-quarter results on Tuesday, where earnings per share of $3.51 outpaced the analyst consensus estimate of $3.39. Quarterly sales of $5.452 billion missed the street view of $5.489 billion. Revenues gained 6% year over year in the quarter under review. Net interest income grew 6% year over year to $3.476 billion, thanks to the benefit of lower funding costs and the continued repricing of fixed rate assets.
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1 week ago | 
benzinga.com | Nabaparna Bhattacharya
BofA Securitiesanalyst Craig Siegenthaler downgraded Cboe Global Markets Inc. CBOE from Buy to Neutral, lowering the price target to $227 from $260. The analyst noted that while the broader diversified financials sector has declined 10% year-to-date amid the growing tariff dispute, CBOE Global Markets has stood out by delivering a 5% return —outperforming its peers by about 15%.
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1 week ago | 
benzinga.com | Nabaparna Bhattacharya
Goldman Sachs analyst Mark Delaney upgraded BorgWarner Inc. BWA from Neutral to Buy, with a price forecast of $34. Per Delaney, BorgWarner has a below-average level of U.S. imports, which means it faces relatively limited risk from ongoing or future tariffs. In contrast to many Western suppliers that have struggled in China due to an unfavorable customer mix, BorgWarner stands out with a stronger positioning in the region.
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1 week ago | 
benzinga.com | Nabaparna Bhattacharya
At the 2025 Manila International Auto Show, VinFast Auto Ltd. VFS officially launched the VF 6, its newest B-segment electric SUV, in the Philippines. The VF 6 comes in two trims—Eco and Plus—priced at PHP 1,419,000 ($24,751) and PHP 1,610,000 ($28,074). Deliveries of the Eco variant will begin in May 2025.
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1 week ago | 
benzinga.com | Nabaparna Bhattacharya
Wedbushanalyst Daniel Ives slammed the ongoing “tariff game of poker” for fueling significant near-term uncertainty among tech companies, including Microsoft Corporation MSFT. What Happened: In a Thursday research note, Ives reiterated the Outperform rating on Microsoft, lowering the price forecast to $475 from $550.
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2 weeks ago | 
benzinga.com | Nabaparna Bhattacharya
Goldman Sachs analyst Mark Delaney is hitting the brakes on U.S. auto sales and global production forecasts, citing tariff troubles and weaker consumer demand. Although the reciprocal tariffs announced on April 9 were delayed, still sector-specific tariffs (including auto tariffs) are projected to “remain in place,” the analyst cautions.
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2 weeks ago | 
benzinga.com | Nabaparna Bhattacharya
Capri Holdings Limited CPRI saw its shares tick higher in Thursday’s premarket action after the company unveiled a definitive agreement to divest the luxury fashion house Versace to Prada S.p.A. in a $1.375 billion all-cash deal, subject to adjustments. The transaction, which still awaits regulatory approvals and other standard closing conditions, is scheduled to be completed in the latter half of 2025. John D.
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2 weeks ago | 
benzinga.com | Nabaparna Bhattacharya
Volkswagen AG VWAGY VLKAF witnessed a robust uptick in its electric vehicle (EV) business across Europe during the first quarter of 2025 as demand for battery-powered cars continued to climb. Volkswagen delivered 939,800 vehicles across Europe between January and March, marking a 3.7% year-over-year growth. The gains were especially pronounced in Central and Eastern Europe, where deliveries jumped 7.9%.
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2 weeks ago | 
benzinga.com | Nabaparna Bhattacharya
KKR & Co. Inc. KKR has secured a deal to acquire Swedish consumer health firm Karo Healthcare. The transaction is subject to customary regulatory conditions and approvals and is expected to close in the coming months, per a statement. "We engaged the full capabilities of our firm to deliver this transaction during a period of market disruption and we look forward to supporting Karo's growth as a value-enhancing strategic partner," said Hans Arstad, Managing Director at KKR.
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2 weeks ago | 
benzinga.com | Nabaparna Bhattacharya
Shares of Ford Motor Company F ticked upward on Wednesday, even after Bernstein analyst Daniel Roeska downgraded the stock from Market Perform to Underperform. Roeska also slashed the price target from $9.40 to $7, citing concerns over future performance. Ford navigates shifting trade policies under President Donald Trump's recently announced auto tariffs. The administration raised tariffs on imported vehicles from 2.5% to 25%, increasing pressure on automakers relying on global supply chains.
