Top stories: ISS & Glass Lewis recommend U.S. Steel shareholders approve sale to Nippon Steel. Ascent Industries reports decrease in sales & net loss. Materion expects Q1 sales drop. MP Materials awarded $58.5M to build rare earth magnet facility in U.S.
Companies Reporting Before The Bell • RELX (NYSE:RELX) is estimated to report earnings for its Fiscal Year 2022. • Coca-Cola Europacific (NASDAQ:CCEP) is expected to report earnings for its Fiscal Year 2022.
U.S. stocks closed mixed on Friday, with the S&P 500 snapping a six-day winning streak. However, the broad market index recorded gains last week. The S&P 500 gained around 1.1%, while the blue-chip Dow added about 0.7% last week.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
U.S. stocks settled higher on Friday, following the release of jobs data. The S&P 500 closed the week higher by around 0.48%, snapping a four-week losing streak.
HSBC raised the price target for Constellation Brands, Inc. (NYSE: STZ) from $280 to $290. HSBC analyst Carlos Laboy maintained a Buy rating. Constellation shares fell 3.2% to close at $241.33 on Thursday.
As the day concludes, Materion (NYSE:MTRN) is preparing to distribute a dividend payout of $0.13 per share, resulting in an annualized dividend yield of 0.49%. This payout is exclusive to investors who held the stock before the ex-dividend date on August 24, 2023.
Gainers TravelCenters of America Inc. (NASDAQ: TA) shares jumped 70.5% to $84.32 after BP announced it will acquire the company for $86 per share in cash.
