Amazon.com Inc (NASDAQ:AMZN) has earned a price target hike from Bank of America analysts who believe the eCommerce giant still has runway ahead for efficiency gains in logistics.
The analysts upped their price target to $220 from $210 and awarded Amazon a ‘Buy’ rating.
Analysts at Bank of America see Apple Inc (NASDAQ:AAPL, ETR:APC)'s Services offering as a key growth driver poised to benefit from the iPhone maker’s rollout of its AI system Apple Intelligence.
“Apple's recent announcement to integrate AI into its operating systems and give third-party developers deep access to features including Siri should drive significant innovation from developers,” they wrote in a note to clients.
The Alliance Trust PLC (LSE:ATST) and Witan Investment Trust plc (LSE:WTAN) merger "makes sense for shareholders", says Stifel, with attractive charges and both sides already using a relatively unique multi-manager approach.
This was "the most logical move" and the "best fit" for Witan in its strategic review, says Stifel analyst Iain Scouller in a note to clients after the £5 billion merger was announced on Wednesday.
Gold has settled in for its traditional summer lull but among the African miners there remain opportunities, suggests broker Liberum.
At the macro level, there are few material short-term catalysts, the broker suggests: a Fed interest rate cut seems unlikely; Chinese gold buying has slowed; it’s status quo in Ukraine; the Gaza conflict is easing somewhat; and many polls show Biden drawing roughly level with Trump.
Travis Perkins (LSE:TPK), AFC Energy, Capita and Centrica were among the companies that analysts reckon could benefit from a potential Labour victory in next week's general election.
UK stock market performance around the previous eight UK general elections has been volatile, analysts at RBC Capital Markets pointed out, having drilled through the data going back to the 1992 election won by John Major.
Learning Technologies Group PLC's (AIM:LTG, OTC:LTTHF) sale of VectorVMS, a vendor management platform for contingent labour, gives it scope for a share buyback or more M&S, suggests broker Peel Hunt.
Given the current share price rating, the broker sees a buyback as more likely.
Shares in Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) are "cheap", said broker Peel Hunt in a short note following an update on a project over which Ecora has a royalty agreement.
Peel picked up on the news from Capstone Copper, which on Tuesday announced the production of the first saleable concentrate from the Mantoverde operation, that would process ore from the Santo Domingo copper-iron-gold deposits "in due course".
AFC Energy PLC (AIM:AFC, OTC:AFGYF) shares are a 'buy' with a 50p price target, says broker Liberum in a note following the company's positive update on its cracking technology to improve the combustion and emissions of ammonia-fuelled maritime engines.
AFC said the hydrogen-producing system operated successfully alongside a MAHLE Powertrain engine, primarily fuelled by ammonia, and, using an 80:20 ratio of ammonia to cracked gas, the engine demonstrated improved performance compared to using ammonia alone.