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Candel Reports Upbeat Data From Lung Cancer Study

Candel Therapeutics, Inc. (NASDAQ: CADL) announced overall survival data from a phase II study evaluating its lead investigational adenovirus immunotherapy candidate, CAN-2409 plus valacyclovir (prodrug), together with standard of care (SoC) in patients with stage III/IV non-small cell lung cancer (NSCLC) who are non-responsive to immune checkpoint inhibitor therapy. Data from the study showed that […]

From Downgrade To Buy: XPO Stock Back In Favor As Analyst Recognizes Turnaround Progress

Stifel analyst J. Bruce Chan upgraded XPO, Inc. (NYSE:XPO) from Hold to Buy and increased the price target from $115 to $120. The analyst says that he was too early in downgrading the stock earlier and now sees that the stock has over-corrected, especially led by internal productivity management efforts.  Earlier this month, the company reported strong first-quarter FY24 results, with revenue up 5.8% Y/Y and operating […]

What’s Going On With Microchip and NXP Semiconductors Stocks Friday?

Microchip Technology Inc (NASDAQ:MCHP) and NXP Semiconductors  NV (NASDAQ:NXPI) shares are trading higher after Mizuho analyst Vijay Rakesh upgraded the stock ratings to Buy from Neutral. The analyst gave price targets of $115 for Microchip and $325 for NXPI. Rakesh noted that after 2-3 years of underperformance, the Analog group has baked in the 2023-24 slowdown and could start catching up with the SOX, in […]

PDD Stock Soars as Goldman Sachs Upgrades Stock On Improved Temu Economics

PDD Holdings (NASDAQ: PDD) stock is trading higher after Goldman Sachs analyst Ronald Keung upgraded the stock from Neutral to Buy and raised the price target from $145 to $184. Following PDD’s significant beat, Keung lifted his near-term online marketing revenue growth and 2024-2026 group profit estimates by 25%- 43%, citing PDD’s sustained advertising revenue growth momentum in the first quarter and the faster turnaround of […]

HighPeak Energy Could Become An Acquisition Target – Analyst Determines The Premium

Truist Securities analyst Neal Dingmann upgraded HighPeak Energy, Inc (NASDAQ:HPK) to Hold from Sell, raising the price forecast to $13 from $10. Per Dingmann, HighPeak has found a bit of its stride after struggling last year with various operational and financial issues. The company has currently improved operations, resulting in lower spending and lower costs. The analyst forecasts production remaining relatively flat this year before moderating declining next year, though if prices […]

Norfolk Southern’s Operational Turnaround To Drive Over 20% EPS Growth Through 2027, Analyst Says

RBC Capital Markets analyst Walter Spracklin upgraded Norfolk Southern Corporation (NYSE:NSC) to Outperform from Sector Perform and maintained the price target at $270. The bullish stance reflects significant improvement expected in operating ratio (>12ppt) and the subsequent meaningful EPS growth. With expected operational turnaround and EPS growth set to outperform and valuation discounted, the analyst sees the company as an attractive investment […]