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W.R. Grace, GameStop See Activist Action

W.R. Grace (GRA) 40 North Management revealed a 14.9% interest in W.R. Grace, equal to 9,865,008 shares of the maker of specialty chemicals. On Nov. 9, 40 North offered to take W.R. Grace private for $60.00 cash per share. That offer was rejected by W.R. Grace’s board, and prompted 40 North to raise its bid to $65.00 per... Close From
Ryan Cohen Exchange Commission Rocket Pharmaceuticals Genco Shipping David Partner Value Partners

Analyst Raises Price Targets on Cruise Stocks. Thing Is, They Already Trade Above Those Targets.

After making big gains of more than 35% in November following positive Covid vaccine news and developments, the cruise stocks have cooled off over the past month. In a research note Friday, Woronka attributed that turnaround “to multiple reasons, with perhaps the most important being a bit less optimism of late about the timing of a return to sailings out of U.S. ports.” “It’s unlikely, in our view, that entire fleets will be back in the water much before year end,” he wrote. “The c...
United States Lawrencec Strauss Norwegian Cruise Line Holdings A Deutsche Bank Royal Caribbean Group Royal Caribbean

Ralph Lauren Can Shine After a Tough 2020, Analyst Says

Ralph Laurens Fifth Avenue Polo store in New York City. Spencer Platt/Getty Images Ralph Lauren is rising early Friday after an upgrade from RBC Capital Markets, which argues that the preppy fashion brand is “poised for outperformance into 2021.” Analyst Kate Fitzsimons raised her rating on Ralph Lauren (RL) to the equivalent of Buy from the equivalent of Hold, and her target price to $138 from $77. She wrote that the move stems from her belief that Wall Street’s profi...
New York United States Teresa Rivas Spencer Platt Getty Ralph Lauren Kate Fitzsimons

Boeing and 10 Other Companies That Don't Have to Worry About Biden Raising Taxes

Order Reprints Print Article The recovering economy should lift corporate profits this year. But that doesn’t mean companies will pay taxes on the gains, even with rates potentially going up under the Biden administration. Generous tax breaks in the Cares Act, along with the heavy losses racked up by companies in 2020, may produce a tax shield for years. The higher the tax rate goes, the more companies could save. The... Close The recovering economy should lift corporate profits th...
Joe Raedle Getty Cares Act Paints Coatings Aerospace Products Parts Civil Aircraft Aerospace Defense

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