Author: Multibagger News

Cedar Fair (NYSE:) Stock Resumes Coverage with Buy Rating and $62 Price Target After Six Flags Merger On Tuesday, Truist Securities resumed coverage on Cedar Fair (NYSE:) stock, now part of the merged entity with Six Flags (NYSE:) Entertainment Corporation, with a Buy rating and a price target of $62.00. The merger has created a larger amusement park company under the Six Flags name, with the analyst highlighting the potential of the combined company’s pro-forma profit and loss statement, including over $1.2 billion in adjusted EBITDA. The new price target is based on a 9.5x estimated 2025 EBITDA multiple, indicating…

UiPath Inc. Announces Strategic Workforce Reduction to Enhance Operational Efficiency and Customer Focus – Shares Rise 0.8% in Premarket Trading UiPath Inc. (NYSE: PATH) has announced a strategic decision to reduce its global workforce by approximately 10%, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). This move, approved by the Board of Directors on Monday, is part of a comprehensive restructuring strategy aimed at improving operational efficiency and sharpening customer focus. Key Highlights: Workforce Reduction: Approximately 10% of UiPath’s global employees, equating to around 420 positions, will be affected. Timeline: The majority of these reductions…

India Consumer Price Inflation Likely Rose Due to Vegetable Price Surge: Multibagger Poll By Vivek Mishra BENGALURU (Multibagger) – According to a recent Multibagger poll of economists, India’s consumer price inflation is expected to have increased in June after five consecutive months of decline. This rise is attributed to a significant jump in vegetable prices caused by extreme weather conditions that damaged crops. Key staples like tomatoes, onions, and potatoes saw double-digit price surges last month due to the impact of extreme heat and heavy floods in India’s northern states on agricultural production. Food prices make up about half of…

The Ultimate Guide to Hezbollah’s Low-Tech Strategies to Evade Surveillance Technology Hezbollah, the Iran-backed Lebanese militant group, has been utilizing some unconventional methods to evade Israel’s sophisticated surveillance technology following the killing of senior commanders in targeted airstrikes. From coded messages to drones, Hezbollah is determined to blind Israel and protect its forces. With tensions escalating between Hezbollah and Israel, the situation on the southern border of Lebanon remains precarious. The recent uptick in attacks has raised concerns about the possibility of a full-scale war breaking out. As casualties and civilian deaths mount on both sides, it’s crucial to understand…

On Tuesday, Scotiabank upgraded its rating on SL Green Realty (NYSE:SLG) stock from Sector Underperform to Sector Perform and raised the price target to $53.00 from $43.00. This adjustment comes in anticipation of continued leasing success, which is expected to boost the company’s valuation and market sentiment. SL Green Realty, a leading real estate investment trust, is focusing on a significant leasing pipeline of approximately 1.55 million square feet. With around 535,000 square feet of leases already identified, the company is on track to achieve its fiscal year 2024 occupancy rate goal of 91.6%. The analyst from Scotiabank pointed out…

Helen of Troy Limited (NASDAQ: HELE) Stock Plummets 26% After Q1 Misses Wall Street Expectations EL PASO, Texas – Helen of Troy Limited (NASDAQ: HELE), a globally renowned designer, developer, and marketer of consumer products, has reported a disappointing start to its fiscal year 2025. Both earnings and revenue for the first quarter fell significantly short of Wall Street projections. Key Financial Highlights: Adjusted Earnings Per Share (EPS): $0.99 vs. $1.59 expected Revenue: $416.8 million vs. $445.85 million expected Stock Impact: 26% decline post-announcement What Happened? Helen of Troy attributed the underwhelming performance to a mix of internal and external…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind Are you a board director of a bank? Do you want to take your outsourced services to the next level? The global Basel Committee of banking regulators has proposed new rules that will change the game for banks using third-party tech companies like Microsoft, Amazon, and Google. According to the Basel Committee, banks must now take ultimate responsibility for outsourced services and document how they manage the risk of outages and disruptions to customer services. With the increasing reliance on third-party services for key operations, regulators are raising…

Egypt’s President and CIA Director Discuss Gaza Ceasefire Efforts In a crucial meeting on Tuesday, Egypt’s President Abdel Fattah al-Sisi and U.S. Central Intelligence Agency Director William Burns discussed the ongoing efforts to achieve a ceasefire in the Gaza war. The Egyptian presidency emphasized the country’s stance against the continuation of military operations in the Gaza Strip. With senior U.S. officials in the region advocating for a ceasefire following concessions made by Hamas last week, tensions escalated as a new Israeli assault on Gaza threatened truce talks. The Palestinian militant group called for mediators to rein in Israeli Prime Minister…

Discover why Bernstein SocGen Group’s coverage on Coforge Ltd (COFORGE:IN) is a game-changer for investors. With a “Market Perform” rating and a price target of INR6,080.00, this analysis delves into Coforge’s strong capabilities in the BFSI sector and its diverse portfolio across Banks, Insurance, and Travel. Despite facing competition from larger IT firms, Coforge’s recent acquisition of Cigniti Technologies and attractive valuation make it a compelling investment opportunity. With a Price/Earnings to Growth (PEG) ratio of 1.5x, Coforge is positioned for growth that aligns with market expectations. InvestingPro Insights reveal key financial metrics and trends investors should consider, from Coforge’s…

Title: "Nornickel Eyes China for Strategic Copper Smelting Relocation Amid Western Sanctions: What It Means for Investors" — By Julian Luk and Siyi Liu HONG KONG (Multibagger) – In a significant move that could reshape the copper supply landscape, Russian mining giant Nornickel is in advanced discussions with China Copper to establish a joint venture. This partnership aims to relocate Nornickel’s entire smelting operations to China, according to four sources familiar with the matter. The Strategic Shift: Why China? The potential relocation marks the first instance of a Russian company moving its domestic plant overseas following the U.S. and U.K.…