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Barclays has raised its price target on Uber Technologies, Inc. to $97 from $86 while maintaining an overweight rating. The company operates technology platforms that connect users with drivers, restaurants, and service providers, with net sales primarily from trip bookings (53.2%), meal ordering via Uber Eats (32.7%), and freight services (14.1%). Geographically, 54.8% of sales come from the U.S. and Canada, followed by Europe/Middle East/Africa (26.6%), Asia/Pacific (11.9%), and Latin America (6.7%).
Foxtron Vehicle Technologies, a subsidiary of Foxconn, has signed a memorandum of understanding with Mitsubishi Motors to develop an electric vehicle (EV) model as an original equipment manufacturer. The vehicle will be produced in Taiwan by Yulon Motor Co. and is expected to launch in Australia and New Zealand in the latter half of 2026. This partnership marks a significant shift in Japan-Taiwan industrial relations, moving towards equal manufacturing partnerships rather than traditional supplier agreements.
Wayve CEO Kendall expressed satisfaction over Tesla's recent shift to an end-to-end deep learning approach for autonomous driving, a method Wayve has championed since its founding in 2017. Despite the validation, he emphasized the importance of humility in tackling the complex challenges of autonomous technology. Wayve, which raised over $1 billion from major investors, aims to see its AI integrated into various automakers, with Nissan set to adopt it in 2027.
JB Hi-Fi reported a 6.5% sales growth in Q3, with a notable 17.5% increase in New Zealand, while Temple & Webster achieved a 23% revenue rise, benefiting from reduced shipping costs due to US-China tariffs. Since January 2020, JB Hi-Fi's value has surged by 160%, whereas Temple & Webster has seen over 400% growth, reflecting its high-growth online retail status. Both companies are nearing all-time highs, with JB Hi-Fi trading at a forward P/E ratio of 23, above its historical average, and Temple & Webster at 131, indicating expectations for hypergrowth.
Ormat Technologies, Inc. (NYSE:ORA) currently holds a "Hold" rating from analysts with an average price target of $83.56. Recent insider sales include Jessica Woelfel selling 409 shares at $72.15 and David Granot selling 1,666 shares at $69.00, reflecting significant decreases in their ownership. Institutional investors have increased their stakes, with HSBC Holdings boosting its holdings by 342.7% in Q4. The company recently declared a quarterly dividend of $0.12 per share, yielding 0.66%.
Barclays has revised its price target for PPG Industries, lowering it to $120 from $125. PPG Industries is a leading producer of coatings, linings, and fiberglass, with net sales primarily from high-performance coatings (61.2%) and industrial coatings (38.8%). Geographically, sales are distributed across the U.S. and Canada (41%), Europe/Middle East/Africa (30.8%), Asia/Pacific (15.8%), and Latin America (12.4%).
Tesla is actively searching for a new CEO to succeed Elon Musk, who has been preoccupied with his role in the White House. The board is considering several candidates, including JB Straubel, Tom Zhu, Stella Li, John Krafcik, and José Muñoz, as they seek someone who can embody Tesla's vision beyond just automotive manufacturing.
Nicolas Parrot has been appointed as the new CEO of BNP Paribas Australia and New Zealand, succeeding Karine Delvallée, who has moved to lead the firm in Singapore and South-East Asia. With nearly 28 years at BNP Paribas, Parrot aims to enhance the bank's offerings in global markets, banking, and asset management across the region. The firm, which employs over 600 people in Australia and New Zealand, is also in exclusive talks to acquire AXA Investment Managers for €5.1 billion, with completion expected by mid-2025.
Campbell Town will host a complimentary information session on business transition and succession planning for farmers on June 3, 2025. Organized by Rabobank’s Rabo Client Council, the session aims to equip participants with practical tools for effective family communication and planning, fostering long-term success in family farming enterprises. Limited to 30 attendees, the event encourages shared learning among farming families and emphasizes the importance of proactive succession planning.
UBS Group AG has reduced its stake in a2 Milk Company from 5.02% to 4.87%, as disclosed on April 28, 2025. This slight decrease in investment may impact market perceptions and stakeholder confidence regarding the company's future performance. The a2 Milk Company, a key player in the dairy industry, currently has a market cap of $3.83 billion and has seen a year-to-date price performance of 42.05%.
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