WNS Holdings downgraded to Hold from Buy at Jefferies
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Yahoo
40 minutes ago
- Yahoo
Jefferies Maintains Buy And Raises Price Target On MasTec Inc. (MTZ)
MasTec Inc. (NYSE:MTZ) is among the 13 Best Electrical Infrastructure Stocks to Invest In. Jefferies maintained its Buy recommendation on MasTec Inc. (NYSE:MTZ) on June 27 but raised its price objective from $193 to $213. It is among the Best Electrical Equipment Stocks. A workforce of engineers and construction workers in professional gear, showcasing the company's capabilities in developing energy infrastructure solutions. The company acknowledged MasTec Inc. (NYSE:MTZ)'s 'solid' Q2 momentum in a research note to investors, pointing to the company's expanding backlog, margin performance, and strength across its end markets. Its stock is regarded by Jefferies as one of the most attractive in the entire coverage universe. The updated goal reflects increasing assurance about MasTec Inc. (NYSE:MTZ)'s ability to meet demand and execute. A solid project pipeline is being driven by the company's substantial infrastructure investment. Analysts highlight the company's capacity to turn backlog into profitable expansion, supported by careful cost control and advantageous industry conditions. According to Jefferies, MasTec Inc. (NYSE:MTZ)'s position as a major infrastructure provider is strengthened by its expanding exposure in energy, power delivery, and communications, as well as its improved profits. While we acknowledge the potential of MTZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
2 hours ago
- USA Today
Trump trade deal with EU leaves Europe relieved − and worried
The Europe trade deal will see the U.S. impose a 15% import tariff on most EU goods − half the threatened rate but much more than Europeans hoped for. BRUSSELS − European governments and companies reacted with both relief and concern on Monday to the framework trade deal struck with President Donald Trump, acknowledging what was seen as an unbalanced deal but one that avoided a deeper trade war. The agreement, announced on July 27 between two economies that account for almost a third of global trade, will see the U.S. impose a 15% import tariff on most EU goods − half the threatened rate but much more than what Europeans hoped for. Many of the specifics of the deal were not immediately known, however. More: Trump and EU reach trade deal ahead of looming deadline "As we await full details of the new EU–U.S. trade agreement, one thing is clear: this is a moment of relief but not of celebration," Belgian Prime Minister Bart De Wever wrote on X. "Tariffs will increase in several areas and some key questions remain unresolved." Trump said the deal, including an investment pledge topping the $550 billion deal signed with Japan last week, would expand ties between the trans-Atlantic powers after years of what he called unfair treatment of U.S. exporters. It will bring clarity for European makers of cars, planes and chemicals. But the EU had initially hoped for a zero-for-zero tariff deal. And the 15% baseline tariff, while an improvement on the threatened rate of 30%, compares to an average U.S. import tariff rate of around 2.5% last year before Trump's return to the White House. More: Trump considers 'rebates' to US taxpayers from tariff income European Commission chief Von der Leyen, describing Trump as a tough negotiator, told reporters on July 27 that it was "the best we could get." European stocks opened up on July 28, with the STOXX 600 at a four-month high and all other major bourses also in the green. Tech and healthcare stocks led the way. More: TACO or tariffs? Trump's big trade deadline is coming. Here's what to expect "The 15% rate is better than the market was fearing," said Jefferies economist Mohit Kumar. German Chancellor Friedrich Merz welcomed the deal, saying it averted a trade conflict that would have hit Germany's export-driven economy and its large auto sector hard. Not the end of the story French government ministers said on July 28 that the deal had some merits − such as exemptions they hoped to see for some key French business sectors such as spirits − but was nevertheless not balanced. Industry minister Marc Ferracci stressed more talks - potentially lasting weeks or months - would be needed before the deal could be formally concluded. "This is not the end of the story," he told RTL radio. European companies, meanwhile, were left wondering whether to cheer or lament the accord. "Those who expect a hurricane are grateful for a storm," said Wolfgang Große Entrup, head of the German Chemical Industry Association VCI. "Further escalation has been avoided. Nevertheless, the price is high for both sides. European exports are losing competitiveness. U.S. customers are paying the tariffs," he said. Stellantis shares were up 3.5% and car parts maker Valeo jumped 4.7% while German pharma group Merck KGaA rose 2.9%, in a sign of relief for those sectors. Among the many questions that remain to be answered, however, is how the EU's promise to invest hundreds of billions of dollars in the U.S. and steeply increase energy purchases can be turned into reality. It was not immediately clear if specific pledges of increased investments were made or whether the details still must be hammered out. And while the EU pledged to make $750 billion in strategic purchases over the next three years, including oil, liquefied natural gas (LNG) and nuclear fuel, the U.S. will struggle to produce enough to meet that demand. While U.S. LNG production capacity is due to almost double over the next four years it will still not be enough to ramp up supplies to Europe, and oil production is expected to be lower than previously forecast this year. Despite the lingering unknowns, analysts stressed the deal still helped decrease uncertainty. Oil prices rose on Monday, as did the euro. "Now that there is more clarity, you would think that not only in the United States, but around the globe, there will be a little bit more willingness to look at investment, to look at expansions, and to look at where the opportunities are," said Rodrigo Catril, senior currency strategist at National Australia Bank.
Business Insider
6 hours ago
- Business Insider
Kepler Capital Reaffirms Their Buy Rating on Neste Corporation (0O46)
Kepler Capital analyst Pablo Cuadrado maintained a Buy rating on Neste Corporation on July 24 and set a price target of €13.80. The company's shares closed last Friday at €14.61. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Cuadrado is a 4-star analyst with an average return of 7.6% and a 56.55% success rate. Cuadrado covers the Industrials sector, focusing on stocks such as Bureau Veritas, Construcciones y Auxiliar de Ferrocarriles, and SGS SA. In addition to Kepler Capital , Neste Corporation also received a Buy from Goldman Sachs's Michele Della Vigna in a report issued on July 25. However, on the same day, Banco Santander downgraded Neste Corporation (LSE: 0O46) to a Hold.
