Canaccord Raises Canada Goose Target

Canaccord Raises Canada Goose Target

Shares of Canada Goose Holdings were up over 2% higher Friday after Canaccord Genuity raised its price target to CAD34 ($26.8) from CAD33 per share, while reiterating a buy rating following the company’s fiscal Q1 report which was better-than-expected. The broker said Canada Goose was the only brand this season to receive “requests for early deliveries as most fall/winter brands are seeing their deliveries get pushed out closer to holiday.” […]

Read More ˃
Altaba Launches Share Repurchase Program

Altaba Launches Share Repurchase Program

Altaba Inc. shares were barely higher Monday after the closed-end management investment firm said it authorized the repurchase of up to $5 billion of its common stock. Altaba said in June that it had repurchased approximately 64.5 million common shares, or approximately 6.7% of the company’s issued and outstanding shares, for $3.4 billion in a modified Dutch auction self-tender offer. The repurchase authorization marks the next stage of the company’s […]

Read More ˃
European ADRs Trading Down

European ADRs Trading Down

American depository receipts of European stocks were trading 0.04% lower at 133.70 on the Bank of New York Mellon Europe ADR Index on Friday. In continental Europe, the gainers were led by software company Talend (TLND), and Logitech (LOGI), a maker of personal computer and mobile accessories, which rose 2.1% and 2% respectively. They were followed by online hotel search platform Trivago (TRVG), and pharmaceutical firm Novo Nordisk (NVO), which […]

Read More ˃
CalAtlantic Unit Starts Homebuilding Operations in Seattle

CalAtlantic Unit Starts Homebuilding Operations in Seattle

CalAtlantic Homes, a homebuilder and a unit of CalAtlatic Group, said pre-market Tuesday it has begun homebuilding operations in Seattle, Washington, through its acquisition of the homebuilding operations of Seattle-based developer and homebuilder Oakpointe LLC. As a result of the deal, CalAtlantic now owns and controls over 1,750 homesites in 19 future communities, 7 of which are expected to be actively selling by February. In connection with the land acquisition, […]

Read More ˃
Avery Dennison Opens Electronics Solutions and Technology Center

Avery Dennison Opens Electronics Solutions and Technology Center

Avery Dennison, a company that produces pressure-sensitive materials and a range of tickets, tags, labels and other converted products, said Tuesday its Industrial and Healthcare Materials’ Performance Tapes business has opened an Electronics Solutions and Technology center in Silicon Valley, California. The new facility is designed, equipped and staffed to provide exceptional engineering solutions and services to Avery Dennison’s electronics industry customers. The 6,000 square foot center houses a collaboration […]

Read More ˃
J. M. Smucker to Acquire the Wesson Oil Brand from Conagra

J. M. Smucker to Acquire the Wesson Oil Brand from Conagra

J. M. Smucker said pre-market Tuesday it has agreed to acquire the Wesson oil brand from Conagra Brands (CAG). The Wesson brand of edible oils has been trusted by consumers for over 100 years. The all-cash deal, which J. M. Smucker will fund primarily with debt, is valued at $285 million, prior to an expected tax benefit related to the acquisition with a present value of $45 million. Conagra will […]

Read More ˃
Bond Prices Trim Gains

Bond Prices Trim Gains

U.S. Treasury prices pared gains and consolidated in slowed size late Tuesday as equities regained some ground with the long bond continuing to lead while the two-year remained the biggest loser hanging around unchanged. Earlier comments to Bloomberg from Senate Majority Leader Mitch McConnell dampened enthusiasm for plans for tax cuts and financial regulation rollbacks. The 30-year yield recently traded near 2.995% versus a 2.9656% low, an early 3.0259% high […]

Read More ˃