Latest News for Challenger Stock (OTC:CFIGF)

Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an upfront lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.

CHALLENGER LIMITED ORD by Challenger Ltd.

Challenger Ltd

Mizuho analyst Ann Hynes maintains Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) with a Buy and raises the price target from $150 to $155.

News

Price Target

Analyst Ratings

Mizuho Maintains Buy on Quest Diagnostics, Raises Price Target to $155

Rosenblatt analyst Blair Abernethy maintains Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) with a Neutral and maintains $225 price target.

MANH

Rosenblatt Maintains Neutral on Manhattan Associates, Maintains $225 Price Target

Wedbush analyst Richard Anderson reiterates Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) with a Outperform and maintains $140 price target.

Reiteration

Wedbush Reiterates Outperform on Alexandria Real Estate, Maintains $140 Price Target

<a href="https://www.sec.gov/Archives/edgar/data/1849635/000114036124021595/ny20026576x11_ex99-1.htm" title="https://www.sec.gov/Archives/edgar/data/1849635/000114036124021595/ny20026576x11_ex99-1.htm">https://www.sec.gov/Archives/edgar/data/1849635/000114036124021595/ny20026576x11_ex99-1.htm</a>

Legal

Trump Media & Technology Group Sent Letter To House Committees Regarding Potential Stock Manipulation

Wedbush analyst David Chiaverini reiterates Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) with a Neutral and maintains $17 price target.

HAFC

Wedbush Reiterates Neutral on Hanmi Financial, Maintains $17 Price Target

The introduction of Intel&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) newest artificial intelligence chip, Gaudi 3, is projected to benefit three global semiconductor companies significantly.
What Happened: According to Morgan Stanley, TSMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Alchip (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ALCPF#OTC">ALCPF</a>) and Wistron (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WICOF#OTC">WICOF</a>) stand to gain the most from the demand for Intel&#8217;s latest AI chip, CNBC <a href="http://cnbc.com/2024/04/24/morgan-stanley-says-these-3-global-stocks-will-benefit-from-intels-new-ai-chip.html">reported</a> on Tuesday. The financial institution anticipates that Intel&#8217;s supply issues will be resolved in the second half of 2024, leading to a surge in confirmed sales.
TSMC will be responsible for the fabrication of Gaudi 3 chips using its latest-generation 5-nanometer process. Alchip is expected to provide design services for both Gaudi 2 and Gaudi 3, while Wistron is predicted to be the primary baseboard supplier.
Charlie Chan and his team at Morgan Stanley forecast that the total Gaudi shipment volume could hit 300-400k units in 2025, generating $2-3bn revenue for Intel. The investment bank also reiterated its overweight rating on Alchip and TSMC, considering them long-term winners in AI semiconductor demand.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38372445/cathie-woods-ark-invest-says-bitcoin-could-be-priming-for-over-3-000-rally-over-nex?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood&#8217;s Ark Invest Says Bitcoin Could Be Priming For Over 3,000% Rally Over Next 12 Months As King Crypto Becomes Less Inflationary Than Gold After Halving</a>
Why It Matters: The <a href="https://www.benzinga.com/24/04/38362650/tsmc-topped-estimates-on-the-back-of-insatiable-ai-demand">insatiable demand for AI</a> has already propelled TSMC&#8217;s net revenue growth by 16.5% YoY in Q1 2024. The company&#8217;s broad customer base, including AI chip leader NVIDIA and tech giant Apple, is expected to drive further growth.
Earlier this year, <a href="https://www.benzinga.com/markets/asia/24/02/37254196/taiwanese-chip-firms-flock-to-japan-as-china-decoupling-accelerates">Alchip relocated its research and development</a> roles from China to Japan, indicating a strategic shift in the global semiconductor industry. The company&#8217;s anticipated involvement in the design of Intel&#8217;s Gaudi chips aligns with this expansion strategy.
Intel&#8217;s stock has been consolidating since October 2023, with <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38355764/intels-inventory-issues-redditors-highlight-how-overstock-killed-their-margins-yet-">Reddit users speculating about its undervaluation</a>. The launch of the Gaudi 3 chip could potentially boost Intel&#8217;s stock value, especially if supply constraints are resolved as predicted.
Price Action: As of Tuesday, Intel&#8217;s stock closed 0.41% at $34.27, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38356886/s-p-500-trades-at-two-month-low-where-is-the-next-support?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500 Trades At Two-Month Low: Where Is The Next Support?</a>
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ALCPF

INTC

WICOF

Move Over Nvidia: Experts Bullish On Intel's AI Chip, Predict Surge In These Three Global Stocks

Move Over Nvidia: Experts Bullish On Intel's AI Chip, Predicts Surge In These Three Global Stocks

MSCI Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) reported upbeat earnings for its fiscal <a href="https://www.benzinga.com/news/earnings/24/04/38383493/whats-going-on-with-msci-stock-on-monday">first quarter on Tuesday</a>.
The company posted revenue growth of 14.8% year-on-year to $679.97 million, missing the consensus of $684.14 million. The adjusted EPS of $3.52 beat the consensus of $3.45, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Index operating revenues of the investment research firm rose 10.2% Y/Y to $373.9 million, aided by higher recurring subscription revenues and asset-based fees. Analytics operating revenues increased 11.5% Y/Y to $164.0 million, driven by higher recurring subscription revenues from Equity and Multi-Asset Class Analytics products.
ESG and Climate operating revenues grew 16.1% year over year to $77.9 million, driven by solid growth in Ratings, Screening, and Climate products.
Henry A. Fernandez, Chairman and CEO of MSCI said, "Elevated cancels reflected a concentration of unusual client events, including a large merger among our banking clients. We are managing through these pressures and do not expect this level of cancels to continue."
For FY24, MSCI reiterated operating expense guidance of $1.30 billion – $1.34 billion, capex of $95 million – $105 million, and free cash flow of $1.225 billion – $1.285 billion.
MSCI shares fell 13.4% to close at $446.00 on Tuesday.
These analysts made changes to their price targets on MSCI following earnings announcement.
<ul>
<li>Deutsche Bank cut the price target on MSCI from $613 to $569. Deutsche Bank analyst Faiza Alwy upgraded the stock from Hold to Buy.</li>
<li>Morgan Stanley lowered the price target on MSCI from $671 to $615. Morgan Stanley analyst Toni Kaplan maintained an Overweight rating.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38396543/meta-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-streets-mos">Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>

Earnings

MSCI

These Analysts Cut Their Forecasts On MSCI Following Q1 Results

WIIM

HOOK

HOOKIPA Pharma shares are trading higher after the company received FDA clearance for its IND application for HB-700.

Rosenblatt analyst Barton Crockett maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy and raises the price target from $315 to $396.

SPOT

Rosenblatt Maintains Buy on Spotify Technology, Raises Price Target to $396

The demand for Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38373531/spot-bitcoin-etfs-register-35m-net-inflow-on-first-post-halving-trading-day">spot exchange-traded funds</a> (ETFs) continues to rebound, with significant inflows recorded on Tuesday. 
What Happened: This trend coincides with news that Hong Kong is poised to launch its own Bitcoin ETFs, potentially becoming a major player in the digital asset space.
According to <a href="https://sosovalue.xyz/assets/etf">data</a> from SoSoValue, the net inflow into Bitcoin spot ETFs totaled $31.6354 million. 
Notably, BlackRock&#8216;s iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) led with a net inflow of $37.9233 million, boosting its total historical net inflow to an impressive $15.479 billion. Ark&#8217;s ETF ARKB (BATS: <a href="https://www.benzinga.com/quote/ARKB">ARKB</a>) and Bitwise&#8217;s Bitcoin ETF  (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BITB#BATS">BITB</a>) netted inflows of $33.28 million and $23.23 million, respectively.
In contrast, Grayscale&#8216;s GBTC (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTC">GBTC</a>) experienced a notable outflow, with a net decrease of $66.8838 million in a single day.
Hong Kong&#8217;s Emerging Role in the Global Crypto ETF Market
As the crypto market continues to evolve, Hong Kong is positioning itself as a significant player. 
Following the U.S.&#8217;s lead, the city is preparing to launch several cryptocurrency ETFs, including those for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-04-23/hong-kong-bitcoin-btc-ether-eth-etf-launches-to-test-crypto-hub-ambition?embedded-checkout=true">reported</a>. 
These developments are part of Hong Kong's broader strategy to establish itself as a regulated hub for the digital asset industry, competing with other financial centers like Singapore and Dubai. 
The upcoming ETFs, expected to begin trading by the end of April, are anticipated to attract substantial investment, potentially reaching $1 billion in assets under management within two years.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38385726/brics-eye-stablecoins-cbdc-bridge-to-advance-financial-integration">BRICS Eye Stablecoins, CBDC Bridge To Advance Financial Integration</a>
Hong Kong&#8217;s initiative aligns with global trends where major asset managers are actively engaging with digital currencies, reflecting a maturing market that now integrates more seamlessly with established financial systems. 
The success of these new ETFs in Hong Kong could signal a pivotal shift in the global acceptance and integration of cryptocurrencies into mainstream finance.
Benzinga&#8217;s Future Of Digital Assets Event And The Global Crypto Market
The shifting dynamics of the cryptocurrency market and the introduction of new ETFs underscore the themes that will be explored at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19. 
This event will provide a platform for discussing the integration of traditional financial mechanisms, like ETFs, with the burgeoning field of digital assets, emphasizing the innovations <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38382733/crypto-lobby-group-sues-sec-over-new-dealer-rule">driving forward the crypto sector.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38378731/venezuela-turns-to-crypto-as-us-sanctions-return-on-oil-exports">Venezuela Turns To Crypto As US Sanctions Return On Oil Exports </a>
Image created using artificial intelligence with Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

GBTC

IBIT

Bitcoin Spot ETFs Net $31.6M Inflows As Hong Kong Readies For ETF Launches

SES AI shares are trading higher. The company announced that it signed an agreement to enter the next phase of its existing joint development agreement with Hyundai Motor And Kia to start developing B samples.

IMMP

Immutep shares are trading higher after the company announced data evaluating efti with KEYTRUDA in recurrent/metastatic head  and neck squamous cell carcinoma patients.

Changpeng Zhao, the founder and former CEO of Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), is facing a <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35921171/exclusive-changpeng-zhaos-exit-binances-4b-fine-a-wake-up-call-for-crypto-or-a-death-knell">potential prison sentence of three years</a> after the U.S. Department of Justice (DOJ) argued for his incarceration in a recent sentencing memo.
DOJ Seeks Imprisonment, Citing National Security Concerns
The DOJ is pushing for a harsher sentence than the 18 months stipulated in Zhao&#8217;s plea agreement, citing the &#8220;massive scope and ramifications&#8221; of his misconduct, Coindesk <a href="https://www.coindesk.com/policy/2024/04/24/binance-founder-changpeng-zhao-should-spend-3-years-in-prison-doj-says/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">reported</a>.
They argue that Binance, under Zhao&#8217;s leadership, facilitated transactions involving illicit activities like ransomware attacks and darknet markets. 
This, the DOJ claims, posed a threat to U.S. national security.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38384156/mt-gox-creditors-see-repayment-light-at-the-end-of-the-tunnel">Mt. Gox Creditors See Repayment Light At The End Of The Tunnel</a>
Defense Argues for Probation, Downplays Knowledge of Violations
Zhao&#8217;s defense team countered these accusations, stating that he lacked knowledge of specific illegal transactions and that Binance wasn&#8217;t explicitly prohibited from having users from sanctioned countries on its platform. 
They further claim that the sanctions violations were &#8220;microscopically tiny&#8221; compared to Binance&#8217;s overall trading volume.
Zhao apologized for his &#8220;poor decisions,&#8221; taking responsibility for his actions as he faces sentencing on April 30th. In a letter to the judge overseeing his case, he admitted to failing to establish necessary compliance controls at Binance and expressed his desire to support biotech startups and youth in the future, Coindesk <a href="https://www.coindesk.com/policy/2024/04/24/binance-founder-changpeng-zhao-apologizes-ahead-of-sentencing-161-others-send-letters-of-support/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">reported</a>.
This ongoing case highlights the evolving regulatory landscape surrounding cryptocurrencies, particularly regarding money laundering and national security concerns.
Stay Informed At Benzinga&#8217;s Future Of Digital Assets Event
The rapid development of the digital asset space necessitates staying informed about regulatory changes and potential risks. 
The Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event, happening on Nov. 19 offers a valuable opportunity to gain <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38339548/exclusive-industry-leaders-predict-how-the-bitcoin-halving-impacts-prices-and-mining">insights from industry experts.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38382733/crypto-lobby-group-sues-sec-over-new-dealer-rule">Crypto Lobby Group Sues SEC Over New Dealer Rule</a>
Image: Shutterstock

$BNB

Binance Founder Changpeng Zhao Apologizes, DOJ Pushes For 3-Year Sentence

Baird analyst David Koning maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Outperform and raises the price target from $185 to $186.

Baird Maintains Outperform on Fiserv, Raises Price Target to $186

AEYE

AudioEye shares are trading higher after the company reported better-than-expected Q1 financial results.

Based on the strong momentum in both enterprise SaaS solution demands and YouCam mobile apps subscriptions, the Company anticipates a healthy recovery in 2024.

Guidance

PERF

Perfect Corp Expects Growth Rate Of 2024 Total Revenue To Range 12%-16% Compared To 2023

Baird analyst Ghansham Panjabi maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Neutral and raises the price target from $300 to $310.

Baird Maintains Neutral on Sherwin-Williams, Raises Price Target to $310

Sterling Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBT#NASDAQ">SBT</a>) reported quarterly sales of $15.133 million which missed the analyst consensus estimate of $15.460 million by 2.12 percent. This is a 15.71 percent decrease over sales of $17.954 million the same period last year.

Earnings Misses

Sterling Bancorp Q1 Sales $15.133M Miss $15.460M Estimate

PROG Holdings Sees Q2 Total Revenues of $550M-$575M (Est $565.93M), Adj EPS Of $0.65-$0.75 (Est $0.69)

Jefferies analyst Simon Fitzgerald maintained a Buy rating on Challenger Limited (CFIGF – Research Report) yesterday and set a price target of A$7....

Jefferies Sticks to Its Buy Rating for Challenger Limited (CFIGF)

Challenger Limited (AU:CGF) has released an update. Challenger Limited has announced the cessation of 59,954 performance rights due to unmet condit...

Challenger Limited Reports Lapsed Securities

Jarden analyst Kieran Chidgey maintained a Buy rating on Challenger Limited (CFIGF – Research Report) yesterday and set a price target of A$7.55. T...

Challenger Limited (CFIGF) Receives a Buy from Jarden

Goldman Sachs analyst Julian Braganza maintained a Buy rating on Challenger Limited (CFIGF – Research Report) on April 5 and set a price target of ...

Goldman Sachs Reaffirms Their Buy Rating on Challenger Limited (CFIGF)

Challenger Limited (AU:CGF) has released an update. Challenger Limited, an investment management firm specializing in retirement financial security...

Challenger Bank Awaits Sale Completion by 2024

Challenger Limited (AU:CGF) has released an update. Heartland Group Holdings announces regulatory approval for Heartland Bank's acquisition of Chal...

Heartland Gears Up for Challenger Bank Acquisition and Growth

Jarden analyst Kieran Chidgey maintained a Buy rating on Challenger Limited (CFIGF – Research Report) today and set a price target of A$7.50. The c...

Jarden Sticks to Its Buy Rating for Challenger Limited (CFIGF)

Challenger Limited (AU:CGF) has released an update. Challenger Limited has reported a 6% increase in assets under management for the third quarter,...

Challenger Limited Reports Strong Q3 Performance

In a report released today, Damian Thong from Macquarie maintained a Hold rating on Challenger Limited (CFIGF – Research Report), with a price targ...

Macquarie Sticks to Its Hold Rating for Challenger Limited (CFIGF)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Ares Management (ARES – Research Report), Challenge...

Analysts Have Conflicting Sentiments on These Financial Companies: Ares Management (ARES), Challenger Limited (OtherCFIGF) and Marsh & Mclennan Companies (MMC)