Investing.com -- RBC Capital Markets has downgraded Schindler Holding AG (SIX:SCHN)G to “sector perform,” citing a steep run-up in the stock that has left little room for further upside, in a note dated Thursday. The Swiss elevator maker has gained nearly 80% since October 2023, outperforming the broader European industrials sector by approximately 40 percentage points in euro terms. ...
By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) - An overwhelming majority of Rio Tinto (NYSE:RIO) shareholders sided with the board to vote against an activist fund proposal that the mining company should review its dual listing in Sydney and London. The mining giant said on Thursday that 19.35% of shareholders backed the motion put forward by London-based Palliser Capital. That wa ...
By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly on Thursday posted better-than-expected quarterly results, but CVS Health (NYSE:CVS)’s decision to drop the company’s obesity drug Zepbound from the list of medicines it covers for reimbursement dragged shares down over 5%. CVS said its pharmacy benefit management unit, which is the largest in the U.S., would drop Zepbound coverage fr ...
(Reuters) -Energy contractor Quanta Services (NYSE:PWR) beat first-quarter profit estimates and raised its annual forecast on Thursday, aided by sustained strength in demand for its infrastructure services. The ongoing power grid modernization and electrification in the U.S. and construction of data centers due to the AI boom is helping infrastructure service providers. Quanta also stands to ben ...