Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
Wendy's Stock Surges 20% as Retail Traders Target Heavily Shorted Shares
Wendy's stock surged more than 20% in premarket trading Wednesday as retail traders swarmed the heavily shorted fast-food chain. With short
BofA Slashes Telecom Plus Target by 57% After Profit Warning, Sees Long Wait for Margin Recovery
Bank of America slashed its price target on Telecom Plus by more than half after the company warned fiscal 2027 profit will drop sharply. Th
Apple Supplier Lingyi iTech Prices $1.06B Hong Kong IPO, Targets AI Manufacturing
Apple supplier Lingyi iTech has set its Hong Kong IPO at HK$10.18 per share, aiming to raise $1.06 billion. The company plans to invest heav
India's Enforcement Directorate Alleges Rajesh Exports Hid 30 Billion Rupees in FX Violations
India's Enforcement Directorate alleges Rajesh Exports violated foreign-exchange rules, with missing records and 30 billion rupees in cross-
Berenberg Boosts Mitie Price Target on £16.3 Billion Order Book
Berenberg has lifted its price target for Mitie to £2.30, arguing the market is mispricing the company's growth engine. The bank points to a
Theon's €70M Order Pipeline Keeps Berenberg Bullish on Defense Tech Stock
Berenberg maintained its buy rating and €40 price target on Theon International, citing roughly €70 million in new orders, mostly from Germa
Diageo's $2.3B Kenya Brewery Sale Faces Another Court Hurdle
Diageo's plan to sell its 65% stake in East African Breweries to Japan's Asahi for $2.3 billion has hit another legal roadblock. A minority