RBC

American Axle & Manufact. Holdings, Inc. (NYSE: AXL) has been down roughly 12. percent since the United Kingdom voted to exit the European Union. As only 3 percent of American Axle's sales are reliant on Europe, experts, including RBC's Joseph Spak, believe such a large drop is unwarranted....

RBC Capital's Ross MacMillan reiterated Adobe Systems Incorporated (NASDAQ: ADBE) Outperform rating with a price target of $104.00. The reiteration came after Adobe reported EPS at $0.69–$0.75 vs $0.71 estimates Tuesday. The analyst was impressed with Adobe's beat on earnings Tuesday, but was...

RBC has reiterated its Outperform rating on Werner Enterprises, Inc. (NASDAQ: WERN) despite a negative pre-announcement from the transportation company, which was a victim of excess capacity and soft retail demand. "[W]e believe that the company possesses some meaningful cost levers (fleet age...

Shares of Chesapeake Energy Corporation (NYSE: CHK) fell more than 5 percent after RBC downgraded the stock to Underperform from Sector Perform on limited opportunities to add value. "Our downgrade is based on relative valuation and our view that CHK's opportunities to add value in a rising...

Jabil Circuit, Inc. (NYSE: JBL) is reporting its third-quarter earnings on June 15, and RBC has said the main focus will be on the company's ability to sustain revenue growth if iPhone headwind persists. RBC now expects third-quarter revenue/EPS at $4.14 billion/$0.14, which is slightly below...

There is certainly plenty of autonomous vehicle technology to be excited about in coming years. However, according to RBC analyst Joseph Spak, bringing this type of advanced technology to the mass market may prove to be much more challenging than investors are anticipating. So far, Alphabet Inc...

Northrop Grumman Corporation (NYSE: NOC) has been downgraded from Outperform to Sector Perform by RBC Capital Markets' Robert Stallard. The analyst did not change the $222 price target. The downgrade from Stallard comes as he "takes a breather" from a ten-year valuation peak. The valuation peak is...

RBC Capital Markets' Robert Stallard downgraded Lockheed Martin Corporation (NYSE: LMT) from Outperform to Sector Perform with an unchanged price target of $244. However, Stallard changed the valuation due to the strong performance of the stock. Lockheed is at its "highest valuation that we have...

RBC expects a strong quarter from Medtronic PLC (NYSE: MDT) when it reports its fourth quarter results on May 31. Dublin, Ireland-based Medtronic makes medical devices such as pacemakers, implantable cardioverter defibrillators and drug delivery systems. Expectations For The Quarter "We expect a...

Wall Street isn't surprised at the lack of weekend deal in Doha that would have froze oil production at January levels. However, the Street views the lack of deal is a bearish sign for oil and could make the prices further volatile. Oil prices have been rallying in the recent past, in part...

Shibani Malhotra of Nomura thinks Allergan plc Ordinary Shares (NYSE: AGN) is compelling, despite treasury notice that threatens the company's $160 billion merger with Pfizer Inc. (NYSE: PFE). Allergan shares fell as much as 20 percent amid fears that the U.S. Treasury Department and the...

Aerie Pharmaceuticals Inc (NASDAQ: AERI) and Aratana Therapeutics Inc (NASDAQ: PETX) have come out with positive announcements that should cheer investors on Thursday. Aerie Pharma reported the successful 12-month interim safety results of Rocket 2, Aerie's second Phase 3 registration trial for...

United Rentals, Inc. (NYSE: URI) is set to deliver better performance from its specialty rental business this year, according to RBC analyst Seth Weber. The unit accounts for about 19 percent of the total revenues and has roughly $1 billion of fleet, including businesses with historically high...

RBC Capital Markets recently issued a report on the software industry following the most recent decline within the software index. Matthew Hedberg and Ross MacMillian highlighted ServiceNow Inc (NYSE: NOW), salesforce.com, inc. (NYSE: CRM) and Proofpoint Inc. (NASDAQ: PFPT) as companies that "have...