Latest news for Recce Pharmaceuticals (OTC:RECEF) Stock

Recce Pharmaceuticals Ltd is an Australia-based globally-focused biotechnology company engaged in the development and commercialization of a new class of antibiotics. It operates in only one business segment being research and development of pharmaceutical drugs. The firm operates in three geographic segments being Australia, the United Kingdom, and the United States of America, of which the majority of the revenue comes from Australia. The company offers antibiotic drugs to treat the diseases caused by various bacterias namely Sepsis, Helicobacter Pylori, Escherichia coli, Pseudomonas aeruginosa, and others.

RECCE PHARMACEUTICALS by RECCE PHARMACEUTICALS

Recce Pharmaceuticals Ltd

Wells Fargo analyst Elyse Greenspan maintains Willis Towers Watson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>) with a Overweight and raises the price target from $318 to $321.

News

Price Target

Analyst Ratings

Wells Fargo Maintains Overweight on Willis Towers Watson, Raises Price Target to $321

RBC Capital analyst Michael Harvey reiterates Whitecap Res (TSX:<a class="ticker" href="https://www.benzinga.com/stock/WCP#TSX">WCP</a>) with a Outperform and maintains C$14 price target.

Reiteration

TSX:WCP

RBC Capital Reiterates Outperform on Whitecap Res, Maintains C$14 Price Target

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) with a Outperform and raises the price target from $10.5 to $11.5.

HTBK

Keefe, Bruyette & Woods Maintains Outperform on Heritage Commerce, Raises Price Target to $11.5

Creates a community-focused, regional financial services partner with $27+ billion in assets
Announces $200 million in capital commitments in support of the merger
WHEELING, W.Va., July 26, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) and Premier Financial Corp. ("Premier") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) jointly announced today that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco. Jeff Jackson, President and Chief Executive Officer of WesBanco, and Gary Small, President and Chief Executive Officer of Premier, made the joint announcement.
Under the terms of the Agreement, which has been unanimously approved by the board of directors of both companies, WesBanco will exchange shares of its common stock for all of the outstanding shares of Premier common stock, in an all-stock transaction. Premier shareholders will be entitled to receive 0.80 of a share of WesBanco common stock for each share of Premier common stock they own upon the effective time of the merger, for aggregate merger consideration valued at approximately $959 million, or $26.66 per share, based on WesBanco's closing stock price of $33.32 as of July 24, 2024. The transaction values Premier at a price to June 30, 2024 tangible book value per share of 142% and a price to mean analyst estimated 2024 earnings per share of 12.9 times. The merger is expected to qualify as a tax-free reorganization.

WSBC

WesBanco Announces Merger With Premier Financial, Premier Shareholders Will Be Entitled To Receive 0.80 Of A Share Of WesBanco Common Stock For Each Share Of Premier Common Stock They Own Upon The Effective Time Of The Merger, For Aggregate Merger Consideration Valued At ~$959M, Or $26.66 Per Share

Wells Fargo analyst Elyse Greenspan maintains Arthur J. Gallagher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>) with a Overweight and raises the price target from $282 to $301.

Wells Fargo Maintains Overweight on Arthur J. Gallagher, Raises Price Target to $301

Oxford Lane Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXLC#NASDAQ">OXLC</a>) reported quarterly earnings of $0.41 per share which met the analyst consensus estimate. The company reported quarterly sales of $89.800 million which missed the analyst consensus estimate of $159.621 million by 43.74 percent. This is a 27.38 percent increase over sales of $70.500 million the same period last year.

Earnings

Earnings Misses

OXLC

Oxford Lane Capital Q1 2025 Adj EPS $0.41, Inline, Sales $89.800M Miss $159.621M Estimate

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Horace Mann Educators (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMN#NYSE">HMN</a>) with a Outperform and lowers the price target from $42 to $40.

Keefe, Bruyette & Woods Maintains Outperform on Horace Mann Educators, Lowers Price Target to $40

Wells Fargo analyst Timur Braziler maintains Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) with a Equal-Weight and raises the price target from $22 to $26.

COLB

Wells Fargo Maintains Equal-Weight on Columbia Banking System, Raises Price Target to $26

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains Heritage Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HFWA#NASDAQ">HFWA</a>) with a Market Perform and raises the price target from $20 to $23.

HFWA

Keefe, Bruyette & Woods Maintains Market Perform on Heritage Financial, Raises Price Target to $23

Management

LAES

SEALSQ Appoints Katsu Miyahata As Sales Director And Representative Director For Japan; Miyahata To Lead Expansion Of IoT Security And Brand Enhancement Operations

Oxford Lane Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXLC#NASDAQ">OXLC</a>) reported quarterly earnings of $0.41 per share. This is a 4.65 percent decrease over earnings of $0.43 per share from the same period last year. The company reported $89.80 million in sales this quarter. This is a 27.38 percent increase over sales of $70.50 million the same period last year.

Oxford Lane Capital Q1 Adj $0.41 Down From $0.43 YoY, Sales $89.80M Up From $70.50M YoY

Wells Fargo analyst Jonathan Reeder maintains SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) with a Equal-Weight and raises the price target from $62 to $63.

Wells Fargo Maintains Equal-Weight on SJW Gr, Raises Price Target to $63

Friday,&nbsp;Bristol Myers Squibb &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>)&nbsp;posted second-quarter revenues of $12.20 billion, beating the consensus of $11.55 billion, an increase of 9% year-over-year, or 11% when adjusted for foreign exchange impacts, primarily driven by the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">Growth Portfolio and&nbsp;Eliquis</a>.
Growth Portfolio worldwide revenues increased to $5.6 billion compared to $4.7 billion a year ago, representing growth of 18% on a reported basis or 21% when adjusted for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39980444/bristol-myers-squibb-reports-second-quarter-financial-results-for-2024" rel="noreferrer noopener">foreign exchange impacts</a>.
Growth Portfolio revenues were primarily driven by higher demand for&nbsp;Opdivo,&nbsp;Reblozyl, Camzyos, and&nbsp;Opdualag,&nbsp;partially offset by&nbsp;Abecma.
Related: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/06/39454533/fda-approves-bristol-myers-squibbs-combination-therapy-for-colorectal-cancer-patients-with-certai" rel="noreferrer noopener">FDA Approves Bristol Myers Squibb&#8217;s Combination Therapy For Colorectal Cancer Patients With Certain Type Of Gene Mutation</a>.
Opdivo sales incresaed 11% to $2.39 billion. Abecma sales fell 28% to $95 million.
Revenues for the Legacy Portfolio in the second quarter were $6.6 billion compared to $6.5 billion a year ago, representing growth of 2% on a reported basis, or 3% when adjusted for foreign exchange impacts.
Legacy Portfolio revenues were driven by higher demand for&nbsp;Eliquis&nbsp;and&nbsp;Pomalyst, partially offset by a decline in&nbsp;Revlimid&nbsp;due to generic erosion. Eliquis sales were up 7% to $3.42 billion.
The company reported an adjusted EPS of $2.07, compared to an income of&nbsp;$1.75 a year&nbsp;ago, beating the consensus of $1.63.
&#8220;Our second quarter results reflect progress against our strategy to position BMS for long-term, sustainable growth. As we move into the second half of the year, we remain focused on prioritizing opportunities with the greatest growth potential and impact for patients, including the anticipated U.S. launch of KarXT. We&#8217;re also driving operational excellence throughout the company, becoming more agile and strengthening execution,&#8221; said Christopher Boerner, board chair and CEO.
Guidance:&nbsp;Bristol Myers Squibb revises 2024 adjusted EPS guidance to $0.60-$0.90 <a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38437857/bristol-myers-squibb-swings-to-quarterly-loss-after-string-of-multi-billion-acquisitions" rel="noreferrer noopener">versus prior guidance</a> of $0.40-$0.70 and consensus Of $0.51.
For 2024, the U.S. drug maker expects revenue growth to be at the upper end of the previously provided low single-digit range.
Price Action: BMY stock is up 5.17% at $47.61 during the premarket session at the last check on Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/05/39118061/fda-expands-approval-for-bristol-myers-squibbs-breyanzi-making-car-t-cell-therapy-available-for-b" target="_blank" rel="noreferrer noopener">FDA Expands Approval For Bristol Myers Squibb&#8217;s Breyanzi, Making CAR T Cell Therapy Available For Broadest Range Of B-Cell Malignancies</a>.</li>
</ul>
Photo via Shutterstock

Biotech

Large Cap

Health Care

Movers

General

Bristol Myers Squibb Witnesses Strong Demand For 'Newer Drugs' As Q2 Earnings Beat Expectations, Raises 2024 Profit Forecast

Keefe, Bruyette &amp; Woods analyst Tommy McJoynt reiterates Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) with a Outperform and lowers the price target from $85 to $84.

GSHD

Keefe, Bruyette & Woods Reiterates Outperform on Goosehead Insurance, Lowers Price Target to $84

RBC Capital analyst Greg Pardy reiterates Athabasca Oil (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ATH#TSX">ATH</a>) with a Sector Perform and maintains C$6 price target.

TSX:ATH

RBC Capital Reiterates Sector Perform on Athabasca Oil, Maintains C$6 Price Target

Wells Fargo analyst Roger Read maintains Valero Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) with a Equal-Weight and raises the price target from $156 to $165.

Wells Fargo Maintains Equal-Weight on Valero Energy, Raises Price Target to $165

MEDS

TRxADE Health Closes  Business Combination With Scienture In $103M All-Stock Transactoin; TRxADE Acquired All Of Scienture's Assets In Exchange For TRxADE Shares

Wells Fargo analyst Neil Kalton maintains PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with a Overweight and raises the price target from $21 to $22.

Wells Fargo Maintains Overweight on PG&E, Raises Price Target to $22

RBC Capital analyst Greg Pardy reiterates Baytex Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BTE#TSX">BTE</a>) with a Outperform and maintains C$6.5 price target.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

Recce Pharmaceuticals

News

Latest news for Recce Pharmaceuticals (OTC:RECEF) Stock