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The Marked Chart Wire · Business
Analyst Ratings
Deutsche Bank upgrades Walmart to Buy with a $136 target, while KeyBanc reiterates an Overweight rating on Nvidia. Baird upgrades Bank of America to Outperform, and GLJ Research maintains a Sell rating on Tesla.
Analyst Ratings
PhillipCapital upgrades SpaceX to Buy with a $250 price target. Bank of America upgrades Allegion to Buy with a $200 target.
SpaceX Tesla
SpaceX stated that a potential deal with Tesla would require further sign-off from its oversight group, directors and majority owner.
SpaceX
SpaceX is completing a $40 billion borrowing deal with interest rates near 8.3 percent for its lowest-rated portion, more than one percentage point above its existing bonds. Apollo and Goldman Sachs lead the transaction as investors weigh the company's rising debt and AI spending.
Deals
Anthropic is said to file for an initial public offering in the coming days, with some investors expecting a market value up to $2 trillion. The firm's current private worth is $965 billion.
Affirm
Affirm will serve as the only buy-now-pay-later option for Sam's Club shoppers. The service arrives online soon and reaches brick-and-mortar stores in 2027.
Tesla
Tesla shares dropped 2.9 percent following the release of quarterly results. The company also reduced its annual capital expenditure forecast.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.