Latest news for Manila Electric (OTC:MERVF) Stock

Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and goal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

MANILA ELEC CO ORD by Manila Electric Co. (MERALCO)

Manila Electric Co

B of A Securities analyst Elizabeth Suzuki maintains Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) with a Buy and lowers the price target from $6.4 to $5.15.

News

Price Target

Analyst Ratings

LESL

B of A Securities Maintains Buy on Leslies, Lowers Price Target to $5.15

The energy storage solutions will be used for Root-Power&#39;s Coryton Energy Park project, in Corringham, Essex, England. Construction of the project started in late May 2024.

Contracts

General

CSIQ

Canadian Solar Announced That e-STORAGE, Part Of The Company's Majority-owned Subsidiary CSI Solar, Has Received A Contract For 11 MW AC/22 MWh AC Energy Storage Solutions From Root-power, Part Of The Ylem Group

Wayfair Plans Four Days Of Exclusive Sales For Black Friday In July; Up To 80% Off All Things Home July 26-29

WIIM

FTNT

Fortinet shares are trading higher after TD Cowen upgraded the stock from Hold to Buy.

B of A Securities analyst Heather Balsky maintains Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) with a Buy and raises the price target from $255 to $286.

B of A Securities Maintains Buy on Equifax, Raises Price Target to $286

Commodities

Markets

Sempra Infrastructure, A Subsidiary Of Sempra Announced Port Arthur LNG Phase 2 And Bechtel Energy Have Signed A Fixed-Price Engineering, Procurement And Construction Contract For The Port Arthur LNG Phase 2 Project Under Development In Port Arthur, Texas

BRKR

Bruker Posted Bond In Order To Suspend Injunction That Had Been Impacting Sales Of CosMx Spatial Molecular Imager Products By Its NanoString Business In Germany

Biotech

Health Care

MRNS

China National Medical Products Administration Has Approved Marinus Pharmaceuticals' Ganaxolone Oral Suspension For Epileptic Seizures In Patients Two Years Of Age And Older With CDKL5 Deficiency Disorder

Guidance

Hexcel Revised FY24 Outlook: Adj. EPS $2.02-$2.18 (From $2.10-$2.30) Vs. $2.21 Est., Revenue $1.90B-$1.98B (From $1.925B-$2.025B) Vs $1.955B Est.

B of A Securities analyst Kevin Fischbeck downgrades Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) from Buy to Neutral and lowers the price target from $646 to $530.

Downgrades

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

B of A Securities Downgrades Elevance Health to Neutral, Lowers Price Target to $530

SYRA

Siyata Mobile shares are trading higher after the company announced new orders for its SD7 handsets and related accessories valued at more than $4.5 million in aggregate for US wireless carriers.

INFY

Infosys Expects FY25 Revenue Growth of 3%-4% (Prior 1%-3%) in Constant Currency Vs $19.04B Est, Reiterated Operating Margin of 20%-22%

SYTA

Siyata Mobile Says It Expects To Deliver Record Sales In Q3 Ending September 30, 2024; Expects Q3 To Represent Best Sales Quarter In Company History

Dividends

VIRT

Virtu Financial Declared A Quarterly Cash Dividend Of $0.24 Per Share, Which Is Payable On September 15, 2024

AGEN

Agenus Announces End-of-Phase-2 Meeting Outcomes, Announces Topline Interim Phase 2 Data For BOT/BAL; Agreement Reached With FDA On Phase 3 Dose For BOT/BAL Combination

Siyata Mobile Bags New Orders For Its SD7 Handsets And Related Accessories Valued At More Than $4.5M In The Aggregate For US Wireless Carriers

IONS

Ionis Pharmaceuticals Has Completed Enrollment In The Pivotal Trial Of Zilganersen (ION373) For The Treatment Of Children And Adults With A Rare, Progressive Neurological Disorder Known As Alexander Disease. Topline Data Are Anticipated In 2H Of 2025

BMO Capital analyst Michael Zaremski upgrades Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) from Market Perform to Outperform and raises the price target from $190 to $191.

Upgrades

BMO Capital Upgrades Allstate to Outperform, Raises Price Target to $191

Management

LICY

Li-Cycle Appoints Craig Cunningham To The Role Of CFO, Effective July 20, 2024

The monotherapy dose escalation phase of ELUCIDATE is designed to assess the safety, pharmacokinetics and pharmacodynamics of &#39;617 in advanced solid tumours.
Recruitment for the trial is progressing well with monotherapy dose escalation data on track to readout in the second half of 2024. In late 2024/early 2025, the study will transition to a combination dose escalation phase. The first tumour type to be explored in this portion of the study is expected to be HR+/HER2- breast cancer patients that have progressed on CDK4/6 inhibitors, assessing &lsquo;617 in combination with a selective estrogen receptor degrader (SERD).
&nbsp;Exscientia will pay GT Apeiron&nbsp;$10 million&nbsp;in upfront cash,&nbsp;$10 million&nbsp;in upfront equity, and take on all existing development costs, in addition to paying single digit royalties if Exscientia or a third party commercializes &#39;617. Following the transaction, Exscientia&#39;s cash runway is still expected to extend well into 2027.

EXAI

Exscientia Agrees To Acquire GT Apeiron's Share Of Its Oral CDK7 Inhibitor Program, Gaining Full Control Of GTAEXS617 And All Related Intellectual Property; To Pay GT Apeiron $10M Upfront Cash

Manila Electric

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Latest news for Manila Electric (OTC:MERVF) Stock