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JP Morgan analyst Kenneth Worthington maintains Blackstone (NYSE:BX) with a Neutral and lowers the price target from $136 to $132.
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Nvidia surged 7% after delivering blockbuster Q2 earnings with $96.22B revenue (106% YoY growth) and raising FY28 guidance to ~70% growth. The Vera Rubin platform is ramping ahead of schedule with orders from all major hyperscalers. However, gross margins are expected to compress from 75% to 71-72% due to rising memory costs, and the company's massive capital commitments warrant monitoring.
Read original at zacks-investment-researchBusiness development companies (BDCs) are resuming debt issuance after a period of market freeze, with Barings BDC issuing $350 million in bonds at 6.5% interest. While this signals easing credit concerns in the sector, the shift to fixed-rate debt presents both opportunities and risks depending on future interest rate movements.
Read original at the-motley-foolhttps://ec.europa.eu/commission/presscorner/detail/en/mex_26_1761
Read original at benzinga