Latest news for  (OTC:JIREF) Stock

Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) has unveiled a major partnership with the Shanghai municipal government to <a href="https://global.toyota/en/newsroom/corporate/42193101.html">support carbon neutrality efforts</a>. 
This collaboration will concentrate on key areas such as hydrogen energy, self-driving technology and battery recycling.
As part of the agreement, the company will set up a fully-owned subsidiary in Jinshan District, Shanghai, to address the increasing demand for new energy vehicles in China.
Toyota&#8217;s upcoming subsidiary will be central to manufacturing battery electric vehicles (BEVs) and batteries. 
The company plans to introduce a new Lexus BEV model, with production slated for 2027. At the outset, the facility is expected to produce 100,000 units annually, while also creating approximately 1,000 jobs during its initial phase of operation.
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Toyota sold over a million electrified vehicles in the U.S., including nearly 900,000 Toyota brand vehicles and over 100,000 Lexus brand vehicles, marking a <a href="https://www.benzinga.com/tech/25/01/42809131/toyota-overtakes-ford-gm-in-ev-sales-in-us-thanks-to-its-hybrid-vehicle-lineup">growth of over 50% year-on-year</a>.
The company retained its position as the world's best-selling automaker in 2024 with 10.8 million sales, out of which <a href="https://www.benzinga.com/tech/25/01/43380849/toyota-retains-top-selling-automaker-position-while-continuing-to-trail-tesla-byd-in-ev-sales">4.5 million were electrified vehicles</a>.
Electrified vehicles encompass a range of types, including hybrid, plug-in hybrid, battery electric, mild hybrid and fuel-cell electric vehicles.
The company raised its full-year operating income forecast by 400 billion yen ($2.62 billion), bringing the total to 4,700 billion yen for the fiscal year ending in March 2025.
Toyota&#8217;s latest initiative supports China&#8217;s ambition to reach net-zero emissions by 2060. Through established collaborations with major local players like China FAW Group Co. and Guangzhou Automobile Group Co., Toyota aims to enhance its footprint, offering environmentally friendly solutions while playing a key role in China&#8217;s shift toward sustainability.
Price Action: TM shares are trading higher by 2.63% at $192.50 in premarket at the last check Wednesday.
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Photo: Shutterstock

News

General

Toyota To Open New EV Production Facility In Shanghai

Barrington Research analyst Alexander Paris maintains H&amp;R Block (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) with a Outperform and maintains $70 price target.

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on H&R Block, Maintains $70 Price Target

VCIG

VCI Global Limited Announces The Development Of A Next-Generation AI Aggregator Platform. Designed to Streamline AI Integration

Chinese e-commerce giant&nbsp;JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) shares are trading lower in the<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> premarket session on Wednesday.</a>
The company is in the headlines today for reportedly reviving its interest in buying Düsseldorf, Germany-based Ceconomy AG, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-05/jd-com-is-said-to-revive-interest-in-buying-germany-s-ceconomy" target="_blank" rel="noreferrer noopener">reports</a>.
This is not the first time, when JD.com showed interest in the German retailer. Earlier in 2023, it expressed interest in Ceconomy.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, JD has gained over 80% in the past year.
This time, JD.com is aiming for deal and has approached shareholders of the German company, Bloomberg adds, citing people familiar with the discussions.
Apart from the Ceconomy update, JD.com had been in the news last year for announcing in that it would not proceed with a previously considered cash offer for UK-based Currys.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/25/02/43480859/trump-confirms-maximum-economic-pressure-on-iran-calls-chinas-tariff-retaliation-fine" rel="noreferrer noopener">Trump Confirms Maximum Economic Pressure On Iran, Calls China's Tariff Retaliation ‘Fine'</a>
In a <a target="_blank" href="https://www.londonstockexchange.com/news-article/0JOQ/statement-from-jd-com/16380661" rel="noreferrer noopener">filing </a>to the London Stock Exchange, the company cited &#8220;careful&#8221; consideration as the reason behind its decision to back away from the transaction, after initially exploring the potential move in early 2024.
Meanwhile, JD.com&#8217;s relationship with Walmart has also evolved.
After eight years of partnership, Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) last year sold its entire stake in JD.com, worth up to $3.74 billion, to refocus on its operations in China.
The two companies began their collaboration in 2016 when Walmart sold its Yihaodian grocery store to JD.com in exchange for a 5% stake, valued at around $1.5 billion at the time.
As JD.com explores its next moves, investors looking to gain exposure to the company can do so through the Invesco Golden Dragon China ETF (PGJ), which includes JD.com in its portfolio.
While JD.com&#8217;s stock has seen a slight dip in premarket trading, the company&#8217;s ongoing strategic shifts reflect its ambitious plans for growth and expansion in global markets.
Price Action: JD shares are trading lower by 2.84% to $40.14 premarket at last check Wednesday.
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</ul>
Image: Shutterstock

Equities

Markets

Movers

JD.com's Stock Dips As Ceconomy Deal Heats Up In Germany: Is the E-Commerce King Eyeing Expansion?

Stephens &amp; Co. analyst Jim Salera maintains Lancaster Colony (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LANC#NASDAQ">LANC</a>) with a Equal-Weight and raises the price target from $196 to $200.

LANC

Stephens & Co. Maintains Equal-Weight on Lancaster Colony, Raises Price Target to $200

BWS Financial analyst Hamed Khorsand maintains Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) with a Buy and maintains $13.5 price target.

IMMR

BWS Financial Maintains Buy on Immersion, Maintains $13.5 Price Target

XAIR

Beyond Air Receives Notification From Nasdaq Stating That The Company Has Been Granted An Additional 180-Day Compliance Period, Or Until August 4, 2025 To Regain Compliance With Nasdaq's Minimum Bid Price Rule

Baird analyst Andrew Wittmann maintains Jacobs Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) with a Outperform and lowers the price target from $154 to $148.

Baird Maintains Outperform on Jacobs Solutions, Lowers Price Target to $148

BWS Financial analyst Hamed Khorsand maintains A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) with a Buy and maintains $24 price target.

ATEN

BWS Financial Maintains Buy on A10 Networks, Maintains $24 Price Target

WIIM

SMCI

Super Micro Computer shares are trading higher after the company announced the full production of NVIDIA Blackwell rack-scale solutions with NVIDIA HGX B200.

<a href="https://www.sec.gov/Archives/edgar/data/715153/000119312525020499/d878946d6k.htm" title="https://www.sec.gov/Archives/edgar/data/715153/000119312525020499/d878946d6k.htm">https://www.sec.gov/Archives/edgar/data/715153/000119312525020499/d878946d6k.htm</a>

NSANY

Honda Motor Reports On Integration Of Management Between Nissan Motor & Honda Says Nissan & Co Are In Stage Of Advancing Various Discussions

IVVD

Invivyd Announces A Strategic Partnership With Professional Football Coach Jim Harbaugh To Raise Awareness About the Ongoing Short And Potential Long-Term Risks of COVID-19 To The Broad Population

Baird analyst Ghansham Panjabi maintains Graphic Packaging Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPK#NYSE">GPK</a>) with a Outperform and lowers the price target from $36 to $32.

Baird Maintains Outperform on Graphic Packaging Holding, Lowers Price Target to $32

Telsey Advisory Group analyst Dana Telsey maintains Capri Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>) with a Market Perform and maintains $23 price target.

CPRI

Telsey Advisory Group Maintains Market Perform on Capri Holdings, Maintains $23 Price Target

Canada-based global medical cannabis company&nbsp;Aurora Cannabis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>) reported a third-quarter fiscal 2025 net revenue of CA$88.2 million, compared to&nbsp;CA$64.4 <a target="_blank" href="https://www.benzinga.com/quote/ACB" rel="noreferrer noopener">million a year ago</a>.
The 37% increase from the prior period was mainly due to 51% growth in the global medical cannabis business and 22% in the plant propagation business, slightly offset by lower quarterly revenue in the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43490408/aurora-cannabis-announces-fiscal-2025-third-quarter-results" rel="noreferrer noopener">consumer cannabis business</a>.
Consolidated adjusted gross margin was 65% in the third quarter and 53% in the prior-year quarter. Adjusted gross profit was&nbsp;CA$56.0 million&nbsp;in the third quarter vs.&nbsp;CA$33.6 million&nbsp;in the prior year quarter, an increase of 67%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43195749/the-week-in-cannabis-trumps-dea-pick-tysons-reform-push-dutch-coffee-shop-crisis-and-more" rel="noreferrer noopener">The Week In Cannabis: Trump&#8217;s DEA Pick, Tyson&#8217;s Reform Push, Dutch Coffee Shop Crisis And More</a>
Medical cannabis net revenue was CA$68.1 million, a 51% increase from the prior-year quarter, driven by CA$23.1 million was primarily due to higher sales to Australia, Germany, Poland and the UK, as well as increased revenue in Canada to insurance covered and self-paying patients.
The adjusted gross margin reached 74%, compared to 63% in the prior year quarter, through sustainable cost reductions, higher selling prices, and improved efficiency in production operations, including sourcing for&nbsp;Europe&nbsp;from&nbsp;Canada.
Aurora&#8217;s consumer cannabis net revenue&nbsp;was&nbsp;CA$9.9 million, a 15% decrease compared to&nbsp;$11.6 million&nbsp;in the prior year quarter, mainly due to the decision to prioritize the supply of GMP manufactured products to high-margin global medical cannabis business rather than the consumer business, which offers lower margins.
Plant propagation net revenue contributed&nbsp;$8.9 million, a 22% increase compared to&nbsp;$7.3 million&nbsp;a year ago, due to organic growth and expanded product offerings arising from increased capacity.
Adjusted EBITDA&nbsp;increased 316% to&nbsp;CA$23.1 million&nbsp;compared to&nbsp;CA$5.5 million&nbsp;a year ago.
&#8220;This quarter was record-breaking for Aurora, driven by all-time highs in global medical net revenue, net income, adjusted EBITDA, and free cash flow,&#8221; said Miguel Martin, executive chairman and CEO for Aurora Cannabis.
Fiscal Q4 2025 Expectations:
<ul>
<li>Revenue is expected to grow, driven by international medical cannabis sales.</li>
<li>Seasonal increase in plant propagation revenue, following usual trends.</li>
<li>Strong profit margins and continued positive adjusted EBITDA.</li>
<li>Lower operating cash use due to disciplined spending and revenue growth.</li>
<li>Free cash flow should be slightly positive as cash use improves.</li>
</ul>
Price Action: ACB stock is up 31.3% at $4.83 during the premarket session at last check Wednesday.
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</ul>

Cannabis

Earnings

Guidance

Trading Ideas

Aurora Cannabis Stock Jumps On 'Record-Breaking' Q3 Earnings

BBAI

BigBear.Ai shares are trading higher after the company announced a contract by the DOD's chief digital and artificial intelligence office.

Baird analyst David Leiker maintains Cummins (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) with a Neutral and raises the price target from $395 to $407.

Baird Maintains Neutral on Cummins, Raises Price Target to $407

Beyond Air Granted 180-Day Extension To Regain Nasdaq Compliance

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Baird raised Mercury Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) price target from $37 to $58. Baird analyst Peter Arment upgraded the stock from Neutral to Outperform. Mercury Systems shares closed at $42.09 on Tuesday. <a href="https://www.benzinga.com/quote/MRCY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho raised the price target for Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) from $243 to $263. Mizuho analyst Ben Chaiken downgraded the stock from Outperform to Neutral. Hilton Worldwide shares closed at $258.74 on Tuesday. <a href="https://www.benzinga.com/quote/HLT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson cut The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) price target from $171 to $169. DA Davidson analyst Linda Bolton Weiser maintained a Neutral rating. Clorox shares closed at $148.21 on Tuesday. <a href="https://www.benzinga.com/quote/CLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised the price target for Silicon Laboratories Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) from $140 to $150. Needham analyst Quinn Bolton maintained a Buy rating. Silicon Laboratories shares closed at $136.60 on Tuesday. <a href="https://www.benzinga.com/quote/SLAB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stephens &amp; Co. cut the price target for Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) from $61 to $60. Stephens &amp; Co. analyst Jim Salera maintained an Equal-Weight rating. Chipotle shares closed at $59.02 on Tuesday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised Janus Henderson Group plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) price target from $44 to $53. JP Morgan analyst Kenneth Worthington upgraded the stock from Neutral to Overweight. Janus Henderson shares settled at $44.02 on Tuesday. <a href="https://www.benzinga.com/quote/JHG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup raised Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) price target from $47 to $57. Citigroup analyst Filippo Falorni upgraded the stock from Sell to Neutral. Molson Coors shares closed at $52.95 on Tuesday. <a href="https://www.benzinga.com/quote/TAP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) price target from $15 to $11. Wells Fargo analyst Ken Gawrelski downgraded the stock from Overweight to Equal-Weight. Snap shares closed at $11.60 on Tuesday.  <a href="https://www.benzinga.com/quote/SNAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc cut the price target for Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) from $150 to $140. Keybanc analyst John Vinh maintained an Overweight rating. AMD shares settled at $119.50 on Tuesday. <a href="https://www.benzinga.com/quote/AMD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) price target from $650 to $700. Canaccord Genuity analyst Maria Ripps maintained a Buy rating. Spotify shares closed at $621.77 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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</ul>

Janus Henderson Group plc Ordinary Shares

MRCY

SLAB

SNAP

SPOT

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