Kirby Corp (NYSE:KEX) shares were up 6.2% on Wednesday after Bank of America named Kirby its top small and mid-cap Transport/Shipping pick.
The bank reiterated its Buy rating and raised its price objective to $182 from $169, citing upside in the company's Inland Marine and Power Generation segments.
Shopify Inc (TSX:SH., NYSE:SHOP) has been awarded a ‘Buy’ rating and a $150 price target in reinstated coverage, citing the company’s potential to benefit from the evolution of AI-driven “agentic commerce,” as well as ongoing international expansion and enterprise adoption.
The firm’s price target is based on a valuation of 22 times estimated calendar 2027 enterprise value to gross profit. Bank of America wrote that Shopify could become a key beneficiary of AI-native commerce as its payments and checkout infrastructure become increasingly important to transactions conducted through artificial intelligence-powered shopping experiences.
FuelCell Energy (NASDAQ:FCEL) shares declined on Wednesday after the company priced an upsized public offering of common stock, raising concerns among investors over potential dilution.
The stock fell 15% to $22.04 following the announcement that FuelCell priced an offering of 10.7 million newly issued shares at $21 per share. The offering price represented a discount to the company’s previous closing price of $25.96.
Air Canada (TSX:AC.B) has appointed Scandinavian Airlines (SAS) president and CEO Anko Van der Werff as its next president and CEO, with the aviation executive set to assume the role and join the airline's board by the end of January 2027.
Van der Werff will succeed Michael Rousseau, whose retirement takes effect on August 31, after 19 years with Air Canada (TSX:AC.B). Rousseau will remain available during the transition period, after which the airline's Executive Committee will report to the Board until Van der Werff takes office.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF, FRA:XOD) announced that Gabon's Minister of Mines and Geological Resources, Sosthene Nguema Nguema, led a government delegation on a field visit to the company's Banio Potash Project on July 5 and 6, where officials reiterated government support for the project and discussed infrastructure development.
The delegation also included the Director General of Geology and Mining Support, the Director General of Mining Exploitation, Nyanga Province Governor Jean Robert Mabobet and other local government officials.
OKYO Pharma Ltd (NASDAQ:OKYO) announced that it has received positive feedback from a US Food and Drug Administration Type D meeting that supports advancing its investigational therapy urcosimod into a global Phase 3 pivotal trial for neuropathic corneal pain (NCP).
The clinical-stage biotechnology company said the FDA aligned with its proposed single-dose Phase 3 study design and provided feedback that could support a potential single-trial registration pathway, subject to successful study results and continued agency review.
Alibaba Group (NYSE:BABA)'s US-listed shares jumped almost 11% on Tuesday, supported by a temporary legal reprieve in the United States and growing optimism ahead of the company's upcoming earnings report.
Investor sentiment improved after a US federal judge temporarily blocked restrictions tied to the Pentagon's designation of Alibaba under its Section 1260H list while the company's legal challenge proceeds, according to Bloomberg.
Helen of Troy (NASDAQ:HELE) delivered a surprise first-quarter profit and raised its full-year revenue guidance, pointing to early progress in its multi-year restructuring effort.
The consumer products company posted adjusted earnings per share of $0.17 for the quarter, sharply beating the analyst consensus, which had called for a loss of $0.01 per share.