Últimas noticias sobre Baldwin Insurance (NASDAQ:BWIN) Bolsa

Baldwin Insurance

The Baldwin Insurance

The Baldwin Insurance Group Inc is a United States-based insurance distribution firm. Its products include Business Insurance, Benefits Consulting, Reinsurance, Specialty MGA, Embedded Insurance., Personal insurance, etc.

The Baldwin Insurance Group, Inc. - Class A Common Stock

The Baldwin Insurance Group Inc

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23013447/Ganfeng.jpeg" alt="" class="wp-image-16293" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23013447/Ganfeng.jpeg 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23013447/Ganfeng-300x200.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23013447/Ganfeng-768x512.jpeg 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The producer of the key component used to make EV batteries expects to report a worse-than-expected loss in the first half of 2025, with no end in sight as prices remain low 
Key Takeaways:
<ul class="wp-block-list">
<li>Ganfeng Lithium's net loss, excluding non-recurring items, widened in the first half of 2025 from a year earlier</li>
<li>The producer of the key component used to make EV batteries and energy storage equipment is suffering as lithium prices continue to hover near cost levels </li>
</ul>
A slight uptick in battery-grade lithium carbonate prices since mid-June isn't offering much solace to China's embattled lithium producers.
After crashing in 2023, the price of lithium, once hailed as the "white oil" of the new energy revolution, has yet to see the arrival of a new spring in 2025. Industry giant&nbsp;Ganfeng Lithium Group Co. Ltd.&nbsp;(1772.HK; 002460.SZ) reflected the industry's ongoing woes with a&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0714/2025071401236.pdf">profit warning</a>&nbsp;earlier this month, forecasting it will report a net loss of 300 million yuan ($41.76 million) to 550 million yuan for the first half of 2025, representing a 27.6% to 60.5% improvement from its 760 million yuan loss in the first half of 2024.
Still, the company's expected loss of 500 million to 950 million yuan for the first half of 2025, which excludes non-recurring items, is quite a bit wider than the 160 million yuan loss it reported on that basis in the year-ago period.
The narrowing of the overall net loss was largely attributable to investment gains, and unrelated to Ganfeng's core lithium mining and production business. The company said those gains stemmed from the disposal of some energy storage power station projects by its Shenzhen Yichu Energy Technology subsidiary, and the disposal of some of its equity interests in other companies.
Regarding the worsening performance for its core mining business, Ganfeng explained that while its sales volume grew in sync with growing capacity for its battery segment, falling prices for lithium salts and lithium battery products still dragged down the company's overall profitability.
Meanwhile, rival producer&nbsp;Tianqi Lithium&nbsp;(9696.HK), in its own similar&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0714/2025071400928.pdf">interim results forecast</a>, said it expects to report a net profit ranging from nil to 155 million yuan for the first half of 2025, returning to profitability after posting a substantial 5.21 billion yuan loss a year earlier.&nbsp;
While Tianqi's forecast looks hopeful for the industry at first glance, its operating profit, excluding non-recurring items, is expected to be much smaller, ranging from nil to 89 million yuan. Tianqi attributed the return to profitability to factors outside its core lithium business, citing foreign exchange gains and investment returns from its SQM associate. Without those, the company might still be struggling with profitability.
In short, the two companies continue to struggle with profitability, even as they work hard to control costs and make strategic investments that can eventually return them to their former glory days of fat, sustainable profits.
<h4 class="wp-block-heading">Weak fundamentals&nbsp;</h4>
According to Shanghai Metals Market, the average price for Chinese battery-grade lithium carbonate stood at 64,950 yuan per ton in mid-July, down 17.6% from 78,800 yuan at the start of the year. The drop is far more dramatic when compared with the 580,000 yuan per ton price at the end of 2022, down nearly 90% from that peak.
Oversupply is the main culprit keeping prices weak. Over the past two years, large-scale lithium mining projects have started producing across Tibet and Sichuan in China, as well as overseas in South America and Australia, leading to a surge in supply. But downstream demand has failed to keep pace. While electric vehicle (EV) sales continue to grow, the growth rate is slowing after several years of strong gains. Demand from the energy storage sector is expected to pick up some of the slack, though has yet to take off, resulting in a lack of fundamental support for lithium prices.
Against such a backdrop, numerous small and medium-sized lithium salt producers have begun pausing operations or reducing output, trapping the industry in a painful phase of destocking and capacity shutdowns.
Current spot prices for lithium carbonate are approaching the cost floor for many small and medium-sized Chinese producers, below which they would lose money for each kilogram produced. According to estimates from Citic Securities and Goldman Sachs, production costs for most Chinese lithium salt producers are between 50,000 yuan and 60,000 yuan per ton. Current prices have eroded profit margins for everyone, forcing out suppliers with relatively higher costs.
Goldman Sachs predicts further price drops that could take lithium carbonate into a zone where high-cost suppliers are increasingly forced to drop out, laying the potential groundwork for a rebound as early as next year. However, Morgan Stanley cautions that without strong restocking demand from downstream EV and energy storage markets, lithium prices may remain bound within the current range. It forecasts the average price is likely to remain below 100,000 yuan per ton next year, indicating it doesn't expect any major relief for at least a year.&nbsp;
<h4 class="wp-block-heading">Share price rebound&nbsp;</h4>
Ganfeng Lithium's shares fell over 7% to HK$24 in the two trading days after issuing its profit warning, indicating investors may have been surprised by the big profit declines. While the shares are still up 19.7% year-to-date, they remain more than 80% below their peak from September 2021.
Longer-term optimism about an eventual recovery is still drawing investor attention. Ganfeng's shares have rebounded from around HK$19 at the beginning of this year to nearly HK$26 by mid-July, approaching a 52-week high. The rally is mainly driven by hopes that lithium prices may have bottomed out, and strong policy support for EVs and energy storage could help to lift demand. However, investment banks remain skeptical about the sustainability of such a rebound.
Morgan Stanley pointed out that planned lithium production growth in China for July continues to outpace growth in demand. Without improvement in the supply-demand balance, the bank said, any rebound in lithium prices may prove unsustainable. It expects Ganfeng to remain under pressure in the third quarter, maintaining an "underweight" rating on the company with a target price of HK$14.30. UBS also issued a report noting Ganfeng's loss was worse than market expectations, assigning the company a "sell" rating with a target price of HK$18.10.
While lithium prices have rebounded in recent weeks, fundamental challenges of oversupply and sluggish demand are likely to persist, and it's too early to call an industry-wide cyclical turnaround. Ganfeng currently trades at a price-to-sales (P/S) ratio of approximately 2.59 times, lower than Tianqi's 3.5 times, reflecting lingering market skepticism about the former's profitability and growth prospects.&nbsp;
If lithium prices fail to stage a sustained recovery, the company could continue to face more losses. But for those with a longer-term view towards new energy demand and a potential lithium price rebound within the next year or two, Ganfeng's current valuation might offer some potential upside.&nbsp;
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Commodities

Global

Opinion

Trading Ideas

Lithium Price Slump Continues To Haunt Ganfeng Lithium

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Peapack Gladstone Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGC#NASDAQ">PGC</a>) with a Outperform and lowers the price target from $38 to $35.

News

Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Outperform on Peapack Gladstone Finl, Lowers Price Target to $35

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23023708/Lufax-0723-900x600-1.png" alt="" class="wp-image-16296" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23023708/Lufax-0723-900x600-1.png 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23023708/Lufax-0723-900x600-1-300x200.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23023708/Lufax-0723-900x600-1-768x512.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The online loan facilitator has signed a flurry of agreements strengthening its ties to its parent, Ping An Group, as it works towards reinstatement of trading for its Hong Kong stock
<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul class="wp-block-list">
<li>Lufax has hired Ernst &amp; Young as its new auditor after firing PwC over disagreements about related-party transactions</li>
<li>At the same time, the online loan facilitator disclosed a series of new agreements involving its parent, Ping An, to support its business growth</li>
</ul>
Lufax Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) (6623.HK) has been embroiled in a scandal this year over questionable transactions with related parties, likely involving parent Ping An Group and the financial services giant's subsidiaries. Yet the online loan facilitator's financial dependence on its parent appears to be only deepening as it seeks to jumpstart its growth. That doesn't exactly help reduce the very risk that has led to the company's current predicament, which led to the suspension of trading for Lufax's Hong Kong-listed shares in January.
Lufax has been in hot water since late last year when a senior executive tipped off then-auditor PricewaterhouseCoopers (PwC) about potentially problematic related-party transactions that the company had made.&nbsp;PwC started expressing reservations, only&nbsp;<a href="https://thebambooworks.com/auditor-drama-casts-unflattering-light-on-lufax-at-already-difficult-time/">to get sacked</a>&nbsp;by Lufax early this year. The sudden absence of an auditor meant the company couldn't publish its annual report for 2024 on time, which led to the suspension of its Hong Kong-listed shares.
Lufax's Hong Kong shares remain suspended to this day. Last Thursday, the company provided its&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0717/2025071701096.pdf">latest quarterly update</a>&nbsp;on what it's doing to return to compliance so its Hong Kong stock can resume trading.
For starters, Lufax said it's still answering questions from the stock exchange about its situation, and, more importantly, that it has hired Ernst &amp; Young (E&amp;Y) and the auditing giant's Ernst &amp; Young Hua Ming China affiliate as its new auditor. In that process, though more by coincidence than as a deliberate act, Lufax joined a long list of Chinese companies that have ditched PwC since last summer after PwC was punished for its role in questionable accounting practices at troubled property developer Evergrande.&nbsp;
Lufax said it has also turned to Deloitte for independent evaluations of its internal controls across a wide range of areas, from corporate governance to the management of related-party transactions.
In the same disclosure, the company gave a sneak preview of its operational performance for the second quarter, though the numbers are unlikely to awe investors. The balance of its total outstanding loans shrank about 18% year-on-year to 193.4 billion yuan ($27 billion) at the end of June, even as the number of users of its services increased nearly 20%.
The discrepancy between those two trends seems to be the result of Lufax's growing focus on consumer lending. Such loans, intended to cover personal purchases of goods and other expenses, tend to be smaller in size than business loans. Lufax's traditional bread-and-butter has been loans to small businesses, but it has been increasingly branching out to individuals by setting up a consumer finance subsidiary in 2020 with Ping An as the minority shareholder.&nbsp;
The establishment of that venture, Ping An Consumer Finance, is probably a bet that credit demand will grow among ordinary consumers as China takes steps to rejuvenate its economic growth partly through greater private consumption. That move marked a departure from Lufax's original focus on simply connecting borrowers with lenders to earn fees, since the unit makes direct loans using its own capital.
<h4 class="wp-block-heading">Credit risks</h4>
Ping An Consumer Finance can directly earn interest on its loans, but it's also exposed to credit risks that loan facilitators don't typically incur. To reduce this vulnerability — as odd as it sounds — Lufax provides the subsidiary with services to cover defaults on some of its loans. These guarantee services allow Lufax to earn fee income, while Ping An Consumer Finance can deflect some of its credit risks, though to its parent company.
In fact, last Thursday — the same day Lufax disclosed its progress toward a Hong Kong trading resumption — the company said it agreed to raise the maximum amount of fees it can earn from the consumer finance unit per year by more than 50% to 1.1 billion yuan, anticipating growth for the business, partly fueled by Beijing's efforts to spur consumption.&nbsp;
Further leaning on its ties to its massive parent, Ping An Consumer Finance on Monday signed a deal to transfer some of its nonperforming loans to an entity owned by Ping An's life insurance unit and state-owned China Merchants Financial Holdings.
And under yet another Ping An-related deal signed in the past week, Lufax's insurance agency subsidiary set up in March last year will sell Ping An's health insurance products until the end of this year, extending an original deadline of the end of October.
This flurry of deals within the Ping An ecosystem only underscores Lufax's need for parental support to sustain its operations. Its inability to become independent is a crucial risk. For one thing, related-party transactions are susceptible to breaches of rules if they are not handled properly, as vividly illustrated by Lufax's current difficulties and the resulting trading suspension.
Also, the actual benefits of some of these deals involving Ping An are questionable. For example, the loan guarantee arrangement for Ping An Consumer Finance only shifts credit risks within Lufax and not to outside third parties. If defaults on Ping An Consumer Finance's loans increase, Lufax will still take a hit, even if the subsidiary is protected. And any eventual divorce between Ping An and Lufax could be disastrous to Lufax, depriving it of business and relationships with its well-connected, resource-rich parent.
While Lufax's Hong Kong-listed shares are suspended, its New York-listed stock has continued trading throughout this year. Those New York-listed shares have gained more than 7% in the past five trading days after the company's latest update. But they are still down more than 90% since their IPO in 2020, and trade at a mediocre trailing price-to-earnings (P/E) ratio of about 3, based on its latest available annual net profit for 2023. That's less the half the multiple for&nbsp;FinVolution&nbsp;(FINV.US), another online loan facilitator.
That valuation gap shows Lufax has a lot of ground to recover to earn its way back into investors' good graces. But to do that, it will need to resume trading of its Hong Kong shares, and also reassure investors that it can operate profitably and isn't becoming too dependent on its powerful parent.&nbsp;
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Equities

Financing

Lufax Has Plenty Of Ground To Cover To Win Investors' Good Graces

DA Davidson analyst Peter Winter maintains KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) with a Buy and raises the price target from $19 to $21.

DA Davidson Maintains Buy on KeyCorp, Raises Price Target to $21

TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) has outperformed the market over the past 15 years by 5.11% on an annualized basis producing an average annual return of 17.44%. Currently, TD Synnex has a market capitalization of $11.77 billion. 
Buying $100 In SNX: If an investor had bought $100 of SNX stock 15 years ago, it would be worth $1,117.52 today based on a price of $143.64 for SNX at the time of writing.
<h3>TD Synnex's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753285519_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have This Much Today

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Outperform and raises the price target from $53 to $56.

MBWM

Keefe, Bruyette & Woods Maintains Outperform on Mercantile Bank, Raises Price Target to $56

DA Davidson analyst Gary Tenner maintains Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) with a Neutral and raises the price target from $26 to $27.

HAFC

DA Davidson Maintains Neutral on Hanmi Financial, Raises Price Target to $27

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) with a Market Perform and raises the price target from $27 to $28.

Keefe, Bruyette & Woods Maintains Market Perform on Hanmi Financial, Raises Price Target to $28

Rumors

ACIW

Watching ACI Worldwide; Traders Circulate Zacks Newsletter Mentions Stock As A Buy

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) with a Outperform and raises the price target from $110 to $120.

EWBC

Keefe, Bruyette & Woods Maintains Outperform on East West Bancorp, Raises Price Target to $120

DA Davidson analyst Gary Tenner maintains East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) with a Buy and raises the price target from $115 to $125.

DA Davidson Maintains Buy on East West Bancorp, Raises Price Target to $125

Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) shares are falling after news broke of a new lawsuit seeking to hold the gaming platform and Discord accountable for allegedly enabling the sexual exploitation of a minor. 
The suit, underscoring claims of systemic failures in child safety protections, accuses both companies of creating platforms that allowed a predator to target and abuse the plaintiff, who was a minor at the time and is now just entering adulthood.
According to the complaint, the predator was able to easily identify, groom, and exploit the plaintiff due to design flaws and a lack of safety measures within the apps. Benzinga has contacted Roblox for comment on these serious allegations and is awaiting their response. 
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/07/46538469/roblox-expands-into-edtech-with-google-bbc-games" rel="noreferrer noopener">Roblox Expands Into EdTech With Google, BBC Games</a>
<h2 class="wp-block-heading">The Digital Predator&#8217;s Playbook: From Roblox to Discord</h2>
The predator first contacted the child through Roblox, then directed communication to Discord, where voice, video, and text messaging were used to coerce the victim into sharing explicit content and potentially meeting in person.
The complaint asserts that both companies failed to invest in basic safeguards despite knowing the risks their platforms posed to minors.
The <a target="_blank" href="https://www.anapolweiss.com/roblox-and-discord-complaint-florida-minor.pdf" rel="noreferrer noopener">lawsuit</a> highlights how Roblox and Discord misrepresented the safety of their platforms, misleading parents into believing they were appropriate for children.
Plaintiff&#8217;s father allowed usage of these apps based on these assurances, only to later discover the devastating consequences. The plaintiff&#8217;s family learned the truth only after the exploitation had occurred. The harm suffered, according to the complaint, is severe and lasting.
The suit emphasizes that the plaintiff&#8217;s case is not an isolated incident but one among many. It frames the litigation as a broader challenge against tech platforms that prioritize profits over child safety, accusing them of knowingly enabling exploitation.
<h2 class="wp-block-heading">Roblox: A &#8220;Metaverse&#8221; Without Mature Safeguards?</h2>
Roblox, launched in 2006, is a free online gaming platform with over 40 million user-generated &#8220;experiences.&#8221; It is accessible across various devices, including phones, tablets, and gaming consoles.
While Roblox claims to require parental permission for underage users, the platform does not verify age or confirm parental approval, allowing children of any age to sign up and interact with adult users.
Although Roblox recently limited direct messaging for users under 13, it still relies on self-reported birthdates, allowing children to bypass restrictions. Conversely, adults can enter fake birthdates to pose as minors and continue targeting children.
Leaked documents show Roblox&#8217;s internal discussions about avatar nudity and sexualized content, suggesting a level of awareness and control over what is allowed. Despite this, the platform continues to host exploitative content, including &#8220;condo games&#8221; and virtual strip clubs.
<h2 class="wp-block-heading">The Broader Implications: A Call for Accountability and Regulatory Scrutiny</h2>
This lawsuit against Roblox and Discord is emblematic of a growing societal reckoning with the responsibilities of social media and gaming platforms. As these digital spaces become increasingly integrated into the lives of children and teenagers, the pressure mounts on tech companies to move beyond self-regulation and implement robust, verifiable safety measures.
As the legal proceedings unfold, the outcome of this case could set a significant precedent, potentially forcing a paradigm shift in how major tech platforms approach child safety and compelling them to invest substantially more in protecting their youngest and most vulnerable users.
Price Action: RBLX stock is trading lower by 3.10% to $116.47 at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46568764/obama-slams-trumps-coup-allegations-over-2016-election-as-outrageous-and-ridiculous-in-rare-public-rebuke" target="_blank" rel="noreferrer noopener">Obama Slams Trump&#8217;s &#8216;Coup&#8217; Allegations Over 2016 Election As &#8216;Outrageous&#8217; And &#8216;Ridiculous&#8217; In Rare Public Rebuke</a></li>
</ul>
Image via Shutterstock

Large Cap

Legal

Movers

Tech

General

RBLX

Lawsuit Highlights Secret Dangers Lurking Behind Roblox Avatars And Discord Chats - What Parents Need to Know

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 class="wp-block-list">
<li>JP Morgan raised Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) price target from $480 to $585. JP Morgan analyst Seth Seifman maintained a Neutral rating. Northrop Grumman shares closed at $563.79 on Tuesday. <a href="https://www.benzinga.com/quote/noc/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein cut the price target for Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) from $74 to $59. Bernstein analyst Alexia Howard downgraded the stock from Outperform to Market Perform. Tyson Foods shares closed at $54.47 on Tuesday. <a href="https://www.benzinga.com/quote/tsn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel slashed Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) price target from $31 to $29. Stifel analyst Stephen Gengaro maintained a Buy rating. Halliburton shares closed at $21.39 on Tuesday. See how other <a href="https://www.benzinga.com/quote/hal/analyst-ratings">analysts view this stock</a>.</li>
<li>Truist Securities boosted the price target for Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) from $57 to $59. Truist Securities analyst Jennifer Demba maintained a Hold rating. Zions Bancorporation shares closed at $56.85 on Tuesday. <a href="https://www.benzinga.com/quote/zion/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted the price target for Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from $700 to $775. Deutsche Bank analyst Benjamin Black maintained a Buy rating. Spotify shares closed at $675.74 on Tuesday. <a href="https://www.benzinga.com/quote/spot/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) price target from $215 to $195. Wells Fargo analyst Joe Quatrochi maintained an Equal-Weight rating. Texas Instruments shares settled at $214.92 on Tuesday. <a href="https://www.benzinga.com/quote/txn/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital slashed Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) price target from $480 to $440. RBC Capital analyst Ken Herbert maintained a Sector Perform rating. Lockheed Martin shares closed at $410.74 on Tuesday. <a href="https://www.benzinga.com/quote/lmt/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna cut ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) price target from $114 to $113. Susquehanna analyst Biju Perincheril maintained a Positive rating. ConocoPhillips shares closed at $92.98 on Tuesday.  <a href="https://www.benzinga.com/quote/cop/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) from $31 to $38. B of A Securities analyst Nicholas Thomas maintained a Buy rating. Carnival shares settled at $29.89 on Tuesday. <a href="https://www.benzinga.com/quote/ccl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim increased Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $190 to $210. Guggenheim analyst Michael Morris maintained a Buy rating. Alphabet shares closed at $191.34 on Tuesday. <a href="https://www.benzinga.com/quote/googl/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying GOOGL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23113706/image-336-1024x586.png" alt="" class="wp-image-997462" style="width:598px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23113706/image-336-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23113706/image-336-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23113706/image-336-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23113706/image-336.png 1110w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/dividends/25/07/46541326/wall-streets-most-accurate-analysts-weigh-in-on-3-industrials-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Industrials Stocks With Over 5% Dividend Yields</a></li>
</ul>
Photo via Shutterstock

Intraday Update

Markets

GOOGL

SPOT

ZION

Alphabet To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Wednesday

Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintains Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) with a Outperform and raises the price target from $248 to $260.

Keefe, Bruyette & Woods Maintains Outperform on Capital One Finl, Raises Price Target to $260

DA Davidson analyst Gary Tenner maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Neutral and raises the price target from $45 to $51.

CATY

DA Davidson Maintains Neutral on Cathay General, Raises Price Target to $51

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23013210/ATRenew-ESG-0723-900x600-1.png" alt="" class="wp-image-16290" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23013210/ATRenew-ESG-0723-900x600-1.png 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23013210/ATRenew-ESG-0723-900x600-1-300x200.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/23013210/ATRenew-ESG-0723-900x600-1-768x512.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The company boosted sales of pre-owned products last year, leading to a 26% increase in its annual revenue
<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul class="wp-block-list">
<li>ATRenew handled sales of more than 35.3 million pre-owned smartphones and other products last year, up from 32.3 million in 2023</li>
<li>The company also set ambitious emissions reduction goals, aiming to cut Scope 1 and 2 emissions by 35% and Scope 3 emission by 50% by 2030 from 2024 levels</li>
</ul>
In the environmental, social and governance (ESG) universe, ATRenew Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) by default is in a sweet spot. As a recycling specialist, it can contribute to pollution reductions, the "E" in ESG, simply by growing its business. The company's <a href="https://www.atrenew.com/resources/downloads/2024_ESG_Report_EN.pdf?_v=1.0.0_5837559">latest annual update</a> on its ESG performance shows how it is doing just that, and helping to make the environment greener in the process.
The company handled sales of more than 35.3 million pre-owned products last year, up from 32.3 million in 2023, which underpinned a 26% increase in its revenue to 16.3 billion yuan ($2.3 billion) for 2024. The company noted that its new "multi-category" strategy of expanding the types of products it recycles, initiated in 2022, gained "significant momentum" last year, with the number of its multi-category recycling stores more than doubling.
The multi-category segment supplements ATRenew's traditional focus on electronics recycling by moving it into other consumer goods like designer handbags, gold and even vintage liquors that might otherwise end up in landfills.
ATRenew also expanded its trade-in services, in line with a national program to boost consumption by encouraging the replacement of old devices with new ones through subsidies and other incentives. By the end of last year, the company had more than 1,800 offline stores across China, and more than 650 offering multi-category recycling services.
Technology is undoubtedly an important enabler for the company. In particular, it uses artificial intelligence (AI) to inspect second-hand products to streamline its operations and ensure more consistent results.
Recycling is crucial for environmental protection for a number of reasons. Take mobile phones, ATRenew's core product, for example. Those gadgets contain a lot of chemicals, so improper disposal can release those harmful substances into the environment.
Throwing used phones away also means people need to buy new ones, requiring large consumption of resources like rare earth elements, whose short supply is currently roiling world markets. Mining such minerals is also environmentally taxing as it causes deforestation and water pollution during production. What's more, making and shipping new phones leads to the release of greenhouse gases, the main culprit behind global warming and climate change.
Back in 2022, the Waste Electrical and Electronic Equipment (WEEE) forum estimated that about 5.3 billion smartphones would be discarded that year, equal to almost one-third of the total number of smartphones people owned at that time. While there's no readily available newer data, the disposal of mobile phones has likely grown, since the recycling rates for electronic devices in general are quite low. According to a separate projection also from 2022, the number of scrapped smartphones in China alone would hit 6 billion by this year as less than 2% of such devices were being recycled.
Abandoned smartphones are just one part of swelling electronic waste, or e-waste. One estimate puts the total annual volume of e-waste at some 40 million tons, with just about 12.5% of such waste being recycled. The rest is sent to landfills or burned, detrimental to the environment either way.&nbsp;
<h4 class="wp-block-heading">E-waste</h4>
E-waste management is another area where ATRenew is contributing to the "E" part of the ESG equation. The company says it reduced e-waste pollution by 21.9 tons last year, up from 17.8 tons in 2023, by disposing of 137,000 units of electronics in eco-friendly ways.
On top of such achievements, ATRenew is proactively striving to cut its own carbon footprint, another key part of getting the "E" of ESG right.
It set an ambitious target to reduce the intensity, or the amount of greenhouse gases emitted per unit of economic output or activity, of its so-called Scope 1 and 2 emissions by 35% by 2030 from the 2024 level. ATRenew currently doesn't produce any Scope 1 carbon dioxide emissions, or emissions that originate from sources owned or controlled by it under the Greenhouse Gas Protocol. So practically, it's looking to significantly cut Scope 2 emissions from purchased electricity.
It also aims to halve the figure for its Scope 3 emissions by 2030 using 2024 as the baseline. Such emissions indirectly stem from various sources, such as use of transportation for purposes like distribution and employee commuting.
These goals are part of the company's broader efforts to reach peak carbon emissions by 2030 and achieve carbon neutrality in the following three decades, in line with Beijing's objectives for the entire nation. While achieving these reductions may present challenges, ATRenew continues to focus on improving energy efficiency through technology. Although the company successfully lowered its Scope 2 emission intensity from 0.30 in 2022 to 0.28 in 2023, we note that the figure subsequently increased to 0.31 last year. Maintaining a downward trajectory over the next five years will require sustained commitment to meet the company's Scope 2 emission-reduction target.
Still, ATRenew's environmental commitment is rather clear. Just the fact that it continues to disclose its Scope 3 emissions speaks volumes. Such data is complicated and tedious to assemble as it involves tracking and estimating emissions from a wide variety of sources, so not many companies are willing to deal with the hassle. The U.S. Securities and Exchange Commission (SEC) included mandatory disclosure of Scope 3 emissions in its original proposal for climate disclosure requirements two years ago. But many companies protested the idea, leading the SEC to ultimately exclude it from its final rules.
ATRenew is working to improve the other areas of ESG as well, with its risk management committee proactively identifying potential mishaps, among other measures.
In recognition of these efforts, S&amp;P Global's Corporate Sustainability Assessment raised the company's ESG score to 35 last year from 33 in 2023, putting it among the top 7% of retail technology service providers globally.
ATRenew shares have risen nearly 70% in the past year, though their price-to-sales (P/S) ratio is still far below 1, a level above which reflects a certain level of investor optimism. But if it continues to show that the good things it does for the environment can pay off financially as well, it may only be a matter of time before investors give it more credit, especially as China sticks to its climate commitment, unfazed by a retreat in the U.S. under Donald Trump.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

RERE

Recycling Specialist ATRenew In A Sweet Spot As China Sticks To Climate Goals

DA Davidson analyst Peter Winter maintains BOK Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOKF#NASDAQ">BOKF</a>) with a Buy and raises the price target from $114 to $120.

BOKF

DA Davidson Maintains Buy on BOK Financial, Raises Price Target to $120

Keefe, Bruyette &amp; Woods analyst Catherine Mealor maintains City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Market Perform and raises the price target from $125 to $135.

CHCO

Keefe, Bruyette & Woods Maintains Market Perform on City Holding, Raises Price Target to $135

Following its <a target="_blank" href="https://www.benzinga.com/topic/moody-s" rel="noreferrer noopener">second-quarter earnings</a> release on Wednesday, Moody&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) stock saw an uptick.
The financial intelligence company reported a strong 4% year-on-year (Y/Y) <a target="_blank" href="https://ir.moodys.com/investor-relations/default.aspx" rel="noreferrer noopener">increase in revenue</a>, reaching $1.90 billion and comfortably exceeding the analyst consensus of $1.82 billion.
Moody&#8217;s also beat profit forecasts, posting adjusted earnings per share of $3.56 compared to <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the $3.29 estimate</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/education/25/05/45208955/warren-buffetts-giant-berkshire-portfolio-top-10-includes-banks-oil-and-apple" rel="noreferrer noopener">Warren Buffett&#8217;s Giant Berkshire Portfolio: Top 10 Includes Banks, Oil, And Apple</a>
Moody&#8217;s Investors Service&#8217;s (MIS)&nbsp;revenue reached $1.0 billion during the quarter, marking a flat growth rate Y/Y. Moody&#8217;s Analytics (MA) revenue grew 11% to $888 million.
Operating expenses grew 4% compared to the prior-year period, including 2% from restructuring charges and 2% related to M&amp;A. The company&#8217;s adjusted operating margin was 50.9%, up 130 basis points from the prior-year period.
MA&#8217;s adjusted operating margin rose by 360 basis points to 32.1% reflecting strong revenue growth combined with disciplined cost management. MIS&#8217;s adjusted operating margin of 64.2% improved 100 basis points.
Cash flow from operations was $543 million, and free cash flow was $468 million.
On July 22, 2025, the Board of Directors approved a quarterly dividend of 94 cents per share, an 11% increase from last year&#8217;s 85 cents. This dividend will be paid on September 5, 2025, to shareholders on record as of August 15, 2025.
During the second quarter of 2025, Moody&#8217;s repurchased 0.6 million shares at an average of $460.76 per share, while issuing 39 thousand net shares through employee stock-based compensation programs (including shares for payroll taxes).
As of June 30, 2025, Moody&#8217;s had 179.4 million shares outstanding and approximately $0.9 billion remaining in its share repurchase authority, with no set expiration.
Moody&#8217;s reported $7.0 billion in outstanding debt and an undrawn $1.25 billion revolving credit facility. The company also held approximately $2.174 billion in cash and cash equivalents as of June 30, 2025.
2025 Outlook
Moody&#8217;s&nbsp;revised the adjusted EPS outlook&nbsp;to $13.50-$14.00 (from $13.25-$14.00) versus&nbsp;the&nbsp;$13.85 <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">analyst consensus estimate</a>. The company still projects revenues to increase in the <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44928762/why-is-financial-services-firm-moodys-stock-rising-today" rel="noreferrer noopener">mid single-digit</a> percent range. Operating expenses are projected to increase in the low to mid-single-digit percentage range in 2025.
Price Action:&nbsp;Moody&#8217;s shares traded higher by 2.40% to $511.12 at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46567649/pony-ai-races-toward-mass-production-gen-7-robotaxi-hits-beijing-streets" target="_blank" rel="noreferrer noopener">Pony AI Races Toward Mass Production, Gen-7 Robotaxi Hits Beijing Streets</a></li>
</ul>
Photo by Andrius Zemaitis via Shutterstock

Earnings

Guidance

Moody's Stock Gains Traction On Confident Outlook

TDIC

Dreamland Shares Halted On Circuit Breaker To The Upside At $5.06/Share

Press Releases

MSI Launches Commercial General Liability Insurance for Habitational Property Owners to Protect Against Emerging Risks in a Challenging Market

New Survey: Commercial Insurance Market Holds Steady in Q1, but The Baldwin Group Advises Preparedness as Conditions Evolve

The Baldwin Group Announces First Quarter 2025 Results

The Baldwin Group to Participate in the William Blair Growth Stock Conference

The Baldwin Group: Companies May Be Over-Insuring Directors & Officers (D&O) Coverage by Millions, Study with Nasdaq Finds

The Baldwin Group Enters Into Agreement to Acquire Homebuilder Distribution Network From Hippo; Baldwin's Westwood and MSI Businesses Enter Into Various Commercial Agreements With Hippo and Its Affiliates to Support Ongoing Growth

Insurance

Hippo Unveils Go-Forward Strategy and 2028 Financial Targets at 2025 Investor Day

MSI Launches Cyber Insurance Program for Managed Care Organizations

The Baldwin Group Completes Acquisition of Homebuilder Distribution Network From Hippo

The Baldwin Group to Report Second Quarter 2025 Results on Tuesday, August 5, 2025

BWIN

HIPO

Abacus Global Management, Inc. - Class A Common Stock

Abacus Global Management

AIFU

Arthur J. Gallagher

Aon plc Class A Ordinary Shares (Ireland)

Brown & Brown

Cheche Group Inc. - Class A Ordinary Shares

Cheche Group

Crawford & Company Common Stock

eHealth

GoHealth

Goosehead Insurance, Inc. - Class A Common Stock

Goosehead Insurance

Hagerty

Hippo Holdings

Health In Tech, Inc. - Class A Common Stock

Health In Tech

Huize Holding Limited - American Depositary Shares

Huize Holding

Marsh & McLennan Companies, Inc. Common Stock

Marsh & McLennan Cos

Ryan Specialty Holdings, Inc. Class A Common Stock

Ryan Specialty Hldgs

SelectQuote

TIAN RUIXIANG Holdings Ltd - Class A Ordinary Shares

Tian Ruixiang Holdings

TWFG

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares)

Comments

Baldwin Insurance

Noticias

Últimas noticias sobre Baldwin Insurance (NASDAQ:BWIN) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL