Mizuho Securities analyst Brett Linzey upgraded the shares of Parker-Hannifin Corp ( PH ) from Neutral to Buy and raised the price target from $550 to $650. The upgrade and the rise in price target come after the company announced its five-year financial targets during the investor’s day event. PH sees 4%-6% organic sales growth CAGR through 2029, 27% adjusted operating margin, 28% adjusted EBITDA margin and...

01:32 PM EDT, 05/28/2024 (MT Newswires) -- Royal Bank of Canada ( RY ) on Tuesday said it launched a Truth and Reconciliation Office under a new Indigenous banking banner, RBC Origins, which it says makes it the first major bank in Canada to do so. RBC Origins brings together the Truth and Reconciliation Office with the Indigenous Banking strategy...

LONDON, May 28 (Reuters) - Royal Mail's parent company International Distributions Services (IDS) is set to recommend a firm offer by Czech billionaire Daniel Kretinsky, a person with knowledge of the situation said. An announcement is expected on the fate of the bid for one of the world's oldest postal companies before a May 29 deadline under UK takeover rules....

01:47 PM EDT, 05/28/2024 (MT Newswires) -- DuPont de Nemours' ( DD ) plan to split up holds clear logic in capturing higher valuations for its Water and Electronics businesses while also showing some disadvantages from smaller market values, BofA Securities said in a note. Last week, DuPont ( DD ) said it would split into three publicly traded companies,...