Market-Moving News for July 23rd
$SOLV
$TUSK
$UPS
Medical/Dental Instruments
Health Care
Oilfield Services/Equipment
Energy
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 11/5/2024 | Hold → Buy | Argus | ||
| 10/21/2024 | $120.00 | Equal Weight → Underweight | Barclays | |
| 10/9/2024 | $162.00 | Buy | Citigroup | |
| 10/8/2024 | $82.00 | Buy | Stifel | |
| 10/7/2024 | $71.00 | Neutral | Piper Sandler | |
| 9/26/2024 | Peer Perform | Wolfe Research | ||
| 9/5/2024 | Neutral | BTIG Research | ||
| 8/22/2024 | Hold | TD Cowen |
Argus upgraded UPS from Hold to Buy
Barclays downgraded UPS from Equal Weight to Underweight and set a new price target of $120.00
Citigroup initiated coverage of UPS with a rating of Buy and set a new price target of $162.00
Reported sales increased 0.4% to $2.082 billion; organic sales increased 0.3%GAAP Earnings Per Share (EPS) of $0.70; adjusted EPS1 of $1.64Generated $169 million in cash from operations; free cash flow1 of $76 millionRaises full-year 2024 organic sales growth, adjusted EPS and free cash flow guidanceST. PAUL, Minn., Nov. 7, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV) today reported financial results for the third quarter ended September 30, 2024. "We have now delivered consecutive quarters of outperformance against our expectations, and based on these results, we are again rai
OKLAHOMA CITY, Nov. 7, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) ("Mammoth" or the "Company") today announced that Arty Straehla has notified Mammoth's Board of Directors of his decision to retire as the CEO of the Company, effective as of December 31, 2024. He will remain the CEO of the Company until Phil Lancaster, who currently serves as the Company's Vice President of Corporate Development, transitions into the role of the Chief Executive Officer. Mr. Lancaster will assume the role of the Company's Chief Executive Officer effective as of January 1, 2025. In connection with Mr. Straehla's pending retirement, Mr. Straehla has also resigned as a director of the Compan
UPS (NYSE:UPS) today announced its regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares. The dividend is payable December 5, 2024, to shareowners of record on November 18, 2024. Commitment to the dividend is one of UPS's core principles and a hallmark of the company's financial strength. UPS has either maintained or increased its dividend each year since going public in 1999. About UPS UPS (NYSE:UPS) is one of the world's largest companies, with 2023 revenue of $91.0 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, "Moving our world forw
S-4 - Solventum Corp (0001964738) (Filer)
SCHEDULE 13G - Solventum Corp (0001964738) (Subject)
IRANNOTICE - Solventum Corp (0001964738) (Filer)
4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
4 - UNITED PARCEL SERVICE INC (0001090727) (Issuer)
ST. PAUL, Minn., Nov. 19, 2024 /PRNewswire/ -- Solventum (NYSE:SOLV) announced today that its executives will participate in a fireside chat at the Piper Sandler 36th Annual Healthcare Conference on Wednesday, December 4, 2024 at 11:30 a.m. ET in New York, NY. A live and archived replay of the fireside chat will be available on the company's website at investors.solventum.com. About SolventumAt Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, w
Clarity Precision Grip Attachments are fully cured, pre-loaded and precisely resemble the digital treatment plan after bonding ST. PAUL, Minn., Nov. 14, 2024 /PRNewswire/ -- This month, Solventum (NYSE:SOLV), formerly 3M Health Care, officially launched an anticipated innovation in aligner treatment, 3M™ Clarity™ Precision Grip Attachments. Available exclusively with 3M™ Clarity™ Aligners, Clarity Precision Grip Attachments are designed to solve one of the biggest challenges with aligner treatment – creating durable, accurately shaped, stain resistant attachments. "With the l
Reported sales increased 0.4% to $2.082 billion; organic sales increased 0.3%GAAP Earnings Per Share (EPS) of $0.70; adjusted EPS1 of $1.64Generated $169 million in cash from operations; free cash flow1 of $76 millionRaises full-year 2024 organic sales growth, adjusted EPS and free cash flow guidanceST. PAUL, Minn., Nov. 7, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV) today reported financial results for the third quarter ended September 30, 2024. "We have now delivered consecutive quarters of outperformance against our expectations, and based on these results, we are again rai
SC 13G/A - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Subject)
SC 13G/A - Solventum Corp (0001964738) (Subject)
SC 13G/A - Solventum Corp (0001964738) (Subject)
4 - UNITED PARCEL SERVICE INC (0001090727) (Issuer)
4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
Analysts have softened their outlook on United Parcel Service (NYSE:UPS) as it missed revenue estimates and lowered it revenue guidance for this year. UPS has lowered its revenue guidance for full-year revenue from between $92 billion to $94.5 billion, to $93 billion after posting lower-than-expected revenue for the second quarter. UPS second-quarter revenue declined 1.1% year-over-year to $21.82 billion, missing the consensus of $22.183 billion. Adjusted EPS was $1.79, down 29.5% from a year ago and missing consensus of $1.99. U.S. Domestic Segment revenue fell 1.9% YoY to $14.12 billion, reflecting a 2.6% decrease in revenue per piece due to changes in product mix. The adjusted op
Stephens & Co. analyst Jack Atkins maintains United Parcel Service (NYSE:UPS) with a Equal-Weight and lowers the price target from $168 to $140.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AAL PUT TRADE BEARISH 07/26/24 $10.50 $795.0K 51.7K 16.8K UPS CALL SWEEP BEARISH 09/20/24 $130.00 $78
ST. PAUL, Minn., Oct. 10, 2024 /PRNewswire/ -- Solventum (NYSE:SOLV) announced today that Dr. Ryan Egeland, MD, has been named chief medical officer. Dr. Egeland is responsible for leading Solventum's Global Medical and Clinical Affairs team, amplifying the voice of clinicians and patients. In this role, he will focus on fostering industry collaboration and identifying innovation and market expansion opportunities at the intersection of scientific rigor, clinical need, and commercial practicality. Dr. Egeland will report to Chris Barry, executive vice president and group presi
Long-time Company Leader to Head UPS Finance Function UPS (NYSE:UPS) today announced the appointment of Brian Dykes as its new Executive Vice President and Chief Financial Officer. Effective immediately, he will be responsible for UPS's financial strategies and will lead the global finance organization, including planning, treasury, tax, financial reporting, financial operations, and investor relations. Dykes, 46, has spent more than 25 years with UPS, most recently serving as Senior Vice President, Global Finance and Planning, since April 2023. Prior to that role, Dykes held positions of increasing responsibility within the Company's finance and accounting, corporate treasury, mergers
Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (
