MMG (OTC:MMLTF) Stock, Quote.Headers.trade-ideas

MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority of revenue comes from the Las Bambas segment. The key revenue by metal is derived from Copper.

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Stocks That Hit 52-Week Lows On Wednesday

MMG Ltd

The planned expansion, expected to be complete by Spring 2027, includes a new approximately 31,000-square-foot ballroom, approximately 38,000 square feet of breakout space and approximately 39,000 square feet of pre-function space. Once complete, this project will bring Gaylord Opryland's total exhibit and meeting space to approximately 756,000 square feet and its meeting space per guest room to approximately 260 square feet, solidifying its status as the largest non-gaming hotel by exhibit and meeting space in the United States.
The meeting space expansion is the latest in a multi-phase transformational capital improvement plan to enhance the guest experience at Gaylord Opryland. Other previously announced projects include:
<ul>
<li>An approximately $17 million transformation of the Governor's ballroom and pre-function space, expected to be complete by the end of January 2025;</li>
<li>An approximately $36 million renovation and reconfiguration of the Presidential ballroom and pre-function space, which is currently underway and expected to be completed by mid-year 2025; and</li>
<li>An approximately $40 million new 550-seat sports bar, approximately 6,200 square-foot event lawn and approximately 3,000-square-foot pavilion, expected to be completed in late 2025.</li>
</ul>

Ryman Hospitality Properties Announced Plans To Add Approximately 108,000 Square Feet Of Meeting Space Worth $131M To Its Gaylord Opryland Resort & Convention Center In Nashville, Tennessee

<ul>
<li>Operating revenue of $6.1 billion was down 1% driven by lower fuel surcharge revenue, unfavorable business mix, and lower other revenue, partially offset by increased volume and core pricing gains.</li>
<li>Revenue carloads were up 5%.</li>
<li>Operating ratio was 58.7%, an improvement of 220 basis points. This includes an unfavorable 70 basis point impact from the ratification of a crew staffing agreement.</li>
<li>Operating income of $2.5 billion was up 5%.</li>
</ul>

Earnings

Union Pacific Q4 Operating Ratio 58.7%, +220 bps YoY, Revenue Carloads +5%

Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) reported quarterly earnings of $2.91 per share which beat the analyst consensus estimate of $2.78 by 4.68 percent. This is a 7.38 percent increase over earnings of $2.71 per share from the same period last year. The company reported quarterly sales of $6.121 billion which missed the analyst consensus estimate of $6.143 billion by 0.36 percent. This is a 0.62 percent decrease over sales of $6.159 billion the same period last year.

Earnings Beats

Earnings Misses

Union Pacific Q4 2024 GAAP EPS $2.91 Beats $2.78 Estimate, Sales $6.121B Miss $6.143B Estimate

Contracts

Jacobs Announces Contract With  Japan District of the U.S. Army Corps of Engineers Valued At Total Aggregate Contract Capacity Of $249M

Billionaire entrepreneur Richard Branson on Tuesday criticized U.S. President Donald Trump&#8217;s decision to withdraw from the 2015 Paris climate deal aimed at tackling climate change.
What Happened: &#8220;Powering the world with clean energy is common sense,&#8221; Branson said in a post on social media platform X. &#8220;It will secure the future for our grandchildren. The clean energy transformation is &#8211; and remains &#8211; unstoppable.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Powering the world with clean energy is common sense. It will secure the future for our grandchildren. The clean energy transformation is &#8211; and remains &#8211; unstoppable <a href="https://t.co/qHgnq49jzS">https://t.co/qHgnq49jzS</a>
&mdash; Richard Branson (@richardbranson) <a href="https://twitter.com/richardbranson/status/1881844725336179129?ref_src=twsrc%5Etfw">January 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Branson, founder of the Virgin Group, has previously called for action to address climate change. In February, he signed an open letter calling for immediate action from global leaders to address the pressing threats of artificial intelligence (AI) and the climate crisis.
The signatories, including Branson, urged immediate multilateral action, including <a href="https://www.benzinga.com/news/24/02/37175015/richard-branson-oppenheimers-grandson-and-other-notables-urge-world-leaders-to-tackle-ai-climate-cri">financing the shift away from fossil fuels</a>, signing an equitable pandemic treaty, restarting nuclear arms discussions, and establishing global governance to ensure AI is used for the greater good.
Why It Matters: Trump after swearing in on Monday declared a national energy emergency, allowing for easing environmental restrictions on energy projects, and also ordered the U.S. to withdraw from the 2015 Paris climate deal calling it "unfair." 
The new President revoked a 2021 executive order signed by Biden aimed at ensuring that half of all vehicles sold in the United States are electric by 2030 and said that his administration would consider ending tax credits on new EV purchases as well.
U.S. is the world&#8217;s second biggest polluter after China but Trump has previously dismissed climate change as a &#8220;hoax.&#8221;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43152345/bmw-uk-exits-elon-musks-x-to-continue-posting-on-instagram-facebook" target="_blank" rel="noreferrer noopener">BMW UK Stops Posting On X, Will Use It Only For Customer Support: To Continue Posting On Instagram, Facebook</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

Tech

Billionaire Richard Branson Criticizes Trump's Decision To Withdraw From Paris Climate Deal: 'Powering The World With Clean Energy Is Common Sense'

Health Care

Dr Reddy's Laboratories Q3 2025 GAAP EPS $0.20 Versus $0.19 YoY, Sales $977.00M Compared To $843M YoY

Baird analyst Peter Arment maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Outperform and lowers the price target from $100 to $92.

Price Target

Analyst Ratings

Baird Maintains Outperform on Textron, Lowers Price Target to $92

Keybanc analyst Ashley Owens upgrades Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) from Sector Weight to Overweight and announces $190 price target.

Upgrades

BOOT

Keybanc Upgrades Boot Barn Holdings to Overweight, Announces $190 Price Target

ARAY

Accuray Says Shandong Cancer Hospital And Institute Achieved Completion Of Treatment For 100 Patients Using The Tomo C Radiation Treatment Delivery System

Shares of Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) have declined sharply following President Donald Trump&#8217;s announcement of significant electric vehicle <a href="https://www.benzinga.com/trading-ideas/25/01/43116755/trumps-plan-to-end-7500-ev-tax-credits-could-be-devastating-for-telsa-rivals-poll-says-could-be-bullish-for-elon-musks-company">policy changes</a>. Technical analysis of these companies reflects a bleak picture for the stocks in the near term.
What Happened: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, shares of Rivian fell by 10.93% and Lucid Group slid 12.70% over the last two trading sessions after Trump signed executive orders related to EV policies on his first day in office.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-1024x576.png" alt="" class="wp-image-746424" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The stocks of these EV makers have been under pressure over the speculation of Trump&#8217;s reversal of the tax credit worth $7,500.
According to the technical analysis of daily moving averages from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Rivian&#8217;s stock is under short-term pressure with longer-term support. Whereas, Lucid&#8217;s stock is undergoing a period of consolidation. 
<h4 class="wp-block-heading">Rivian Automotive</h4>
RIVN's shares closed at $12.69 apiece on Wednesday and it was below its eight-day simple moving average of $13.66 and its 20-day average of $14 apiece. It was also below its 50-day simple moving average of $12.82.
The stock was above its 200-day simple moving average of $12.28, suggesting support at this level in the longer term.
On the other hand, the relative strength index of 43.52 suggested that the stock is in a neutral zone.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-1024x576.png" alt="" class="wp-image-746364" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h4 class="wp-block-heading">Lucid Group</h4>
LCID's shares closed at $2.67 apiece on Wednesday and it was below its eight-day simple moving average of $2.96 and its 20-day average of $3.08 apiece. The 200-day simple moving average was also above the share price at $2.93, signaling a bearish trend.
However, the stock was above its 50-day simple moving average of $2.59 acting as a support. Thus, suggesting a phase of consolidation.
On the other hand, the relative strength index of 41.69 indicates that the stock is in a neutral zone.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-1024x576.png" alt="" class="wp-image-746365" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also: <a href="https://www.benzinga.com/trading-ideas/25/01/43116755/trumps-plan-to-end-7500-ev-tax-credits-could-be-devastating-for-telsa-rivals-poll-says-could-be-bullish-for-elon-musks-company">Trump&#8217;s Plan To End $7,500 EV Tax Credits Could Be &#8216;Devastating&#8217; For Telsa Rivals, Poll Says Could Be Bullish For Elon Musk&#8217;s Company</a>
Why It Matters: After his swearing-in ceremony, Trump&#8217;s <a href="https://www.benzinga.com/trading-ideas/25/01/43116755/trumps-plan-to-end-7500-ev-tax-credits-could-be-devastating-for-telsa-rivals-poll-says-could-be-bullish-for-elon-musks-company">executive order</a> canceled the target set by Joe Biden in 2021, mandating 50% of EV sales in the U.S. by 2030.
President Trump also halted unspent funds from a $5 billion EV charging infrastructure program. The administration will also reassess emissions rules requiring automakers to sell 30% to 56% electric vehicles by 2032. Additionally, Trump plans to challenge California&#8217;s zero-emission vehicle mandate, also adopted by 11 other states.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, a major Trump supporter and the world&#8217;s richest person, in an X post dated July 16, 2024, said, &#8220;Take away the subsidies. It will only help Tesla.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Take away the subsidies. It will only help Tesla. Also, remove subsidies from all industries!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1813112958157005259?ref_src=twsrc%5Etfw">July 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Following this, during a post-earnings call, when Tesla reported its lowest profit margin in over five years. Musk said, &#8220;It would be devastating for our competitors and hurt Tesla slightly, but long-term, it would probably actually help Tesla.&#8221;
For Rivian, known for electric trucks, SUVs, and delivery vans, the potential repeal of tax credits and reduced EV infrastructure funding could hurt demand for its premium vehicles. Lucid, another emerging <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43113872/rivian-lucid-shares-are-falling-today-whats-going-on">EV brand</a>, faces similar challenges with reduced government incentives and infrastructure support, both key to its growth.
In premarket on Thursday, RIVN was down 0.39% and LCID fell by 1.50%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/management/25/01/43073354/warren-buffett-openly-called-bitcoin-a-rat-poison-in-2018-7-years-later-he-is-invested-in-this-crypto-linked-stock-which-soared-27-in-2024">Warren Buffett Openly Called Bitcoin A &#8216;Rat Poison&#8217; In 2018. 7 Years Later, He Is Invested In This Crypto-Linked Stock Which Soared 27% In 2024 </a></li>
</ul>
Photo courtesy: Rivian

Equities

Market Summary

Technicals

LCID

RIVN

TSLA

Tesla Rivals Rivian, Lucid Fall Sharply After Donald Trump Revokes Biden's EV Targets, Freezes Infra Funding: Here's What Technical Analysis Says

Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) reported quarterly earnings of $2.26 per share which beat the analyst consensus estimate of $1.99 by 13.57 percent. The company reported quarterly sales of $1.960 billion which beat the analyst consensus estimate of $1.935 billion by 1.31 percent. This is a 26.86 percent increase over sales of $1.545 billion the same period last year.

NTRS

Northern Trust Q4 2024 GAAP EPS $2.26 Beats $1.99 Estimate, Sales $1.960B Beat $1.935B Estimate

The World Trade Organization&#8217;s (WTO) chief issued a warning on Thursday about the potentially disastrous impact of trade wars on global economic growth.
What Happened: Ngozi Okonjo-Iweala, the WTO&#8217;s Director-General, voiced her concerns during a debate&nbsp;at the World Economic Forum&nbsp;in Davos, Reuters reported. The conversation centered around the <a href="https://www.benzinga.com/government/regulations/25/01/43083803/market-bets-on-trumps-tariff-announcement-plummet-dollar-falls-whats-going-on">tariff threats posed</a> by U.S. President Donald Trump.
Okonjo-Iweala warned that if a &#8220;tit-for-tat retaliation&#8221; trade war breaks out, with tariffs varying between 25% to 60%, the world might experience a situation akin to the 1930s. This could lead to double-digit global GDP losses, a scenario she termed as &#8220;catastrophic.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/01/43152917/elon-musk-led-doge-targets-us-penny-over-179m-annual-production-cost" target="_blank" rel="noreferrer noopener">Elon Musk's DOGE Takes Aim At The US Penny Citing Soaring Production Costs</a>
&#8220;Everyone will pay,&#8221; cautioned the WTO chief, underlining the universal repercussions of such a trade conflict.
Why It Matters: These remarks come in the wake of Trump&#8217;s announcement of a <a href="https://www.benzinga.com/etfs/emerging-market-etfs/25/01/43130930/trump-looking-at-10-tariff-on-china-starting-feb-1">potential 10% tariff on Chinese goods,</a> which could be implemented as early as Feb. 1. This move has sparked concerns about a renewed trade conflict between the U.S. and China.
US-listed Chinese stocks initially surged on Tuesday, buoyed by President Trump&#8217;s inauguration speech, which surprisingly didn&#8217;t target China or impose immediate tariffs. However, the stocks — such as Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) — were trading lower in Wednesday premarket after the president&#8217;s subsequent comments.
Despite the potential economic impact, some industry leaders, such as&nbsp;Jamie Dimon, <a href="https://www.benzinga.com/news/25/01/43150451/jamie-dimo-supports-trumps-tariffs-if-its-a-little-inflationary-but-its-good-for-national-security-so-be-it">have expressed support for Trump&#8217;s</a> proposed tariffs, citing national security benefits. &nbsp;"If it's a little inflationary, but it's&nbsp;good for national security, so&nbsp;be it. I mean, get&nbsp;over it," Dimon said.
Canada, a key player in U.S. trade, has also&nbsp;<a href="https://www.benzinga.com/news/25/01/42938083/justin-trudeau-says-canada-is-ready-to-respond-with-tariffs-as-necessary-amid-potential-trump-trade-war">indicated its readiness</a>&nbsp;to respond with tariffs if the U.S. initiates a trade conflict. &#8220;As we did last time, we are ready to respond with tariffs as necessary,&#8221; the outgoing Canadian prime minister said. In 2018, Canada swiftly responded to the Trump administration&#8217;s tariffs on steel and aluminum by imposing its own tariffs on various U.S. goods. These targeted goods included household appliances and whiskey, among others.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43152627/microsoft-ceo-satya-nadella-stands-firm-after-elon-musk-questions-stargates-100-billion-funding-potential-all-i-know-is-im-good-for-my-80-billion" target="_blank" rel="noreferrer noopener">Satya Nadella Stands Firm After Elon Musk Questions Stargate's $100 Billion Funding Potential: ‘All I Know Is, I'm Good For My $80 Billion'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

BABA

BIDU

XPEV

WTO Chief Says 'Everyone Will Pay' If 'Tit-For-Tat' Trade War Breaks Out Amid Trump's Tariff Threat, Leading To Double-Digit Global GDP Losses

Top Wall Street analysts initiated coverage on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>BMO Capital analyst Jack Matten initiated coverage on Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) with an Underperform rating and announced a price target of $101. Prudential Financial shares closed at $117.35 on Wednesday. <a href="https://www.benzinga.com/quote/PRU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Kevin Dede initiated coverage on Exodus Movement, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXOD#NYSE">EXOD</a>) with a Buy rating and announced a price target of $50. Exodus Movement shares closed at $41.00 on Wednesday. <a href="https://www.benzinga.com/quote/EXOD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler analyst Yasmeen Rahimi initiated coverage on Bright Minds Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRUG#NASDAQ">DRUG</a>) with an Overweight rating and announced a price target of $93. Bright Minds Biosciences shares closed at $33.35 on Wednesday. <a href="https://www.benzinga.com/quote/DRUG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Daniel Magder initiated coverage on Electrovaya Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVA#NASDAQ">ELVA</a>) with a Strong Buy rating and announced a price target of $4.5. Electrovaya shares closed at $2.52 on Wednesday. <a href="https://www.benzinga.com/quote/ELVA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Roth MKM analyst Chip Moore initiated coverage on Innventure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INV#NASDAQ">INV</a>) with a Buy rating and announced a price target of $16. Innventure shares closed at $12.42 on Wednesday. <a href="https://www.benzinga.com/quote/INV/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PRU stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="624" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23073115/image-170-1024x624.png" alt="" class="wp-image-746649" style="width:535px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23073115/image-170-1024x624.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23073115/image-170-300x183.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23073115/image-170-768x468.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23073115/image-170.png 1083w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/01/43126364/jim-cramer-this-tech-stock-is-a-buy-amd-is-a-great-company">Jim Cramer: AMD Is A &#8216;Great&#8217; Company, Hold Onto Dow Inc.</a></li>
</ul>

Initiation

Pre-Market Outlook

DRUG

ELVA

EXOD

This Prudential Financial Analyst Begins Coverage On A Bearish Note; Here Are Top 5 Initiations For Thursday

Keybanc analyst Ashley Owens upgrades Revolve Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVLV#NYSE">RVLV</a>) from Sector Weight to Overweight and announces $37 price target.

RVLV

Keybanc Upgrades Revolve Gr to Overweight, Announces $37 Price Target

The higher dose regimen of nusinersen comprises a more rapid loading regimen, two 50 mg doses 14 days apart, and higher maintenance regimen, 28 mg, every 4 months, compared to the approved nusinersen regimen (SPINRAZA).&nbsp;

Biotech

Large Cap

BIIB

The FDA Has Accepted Biogen's Supplemental New Drug Application And The European Medicines Agency Has Validated The Application For A Higher Dose Regimen Of Nusinersen For Spinal Muscular Atrophy

RCAT

Red Cat Secures New Orders For Its Edge 130 Drone From The Army National Guard And Another U.S. Government Agency, Totaling $518K

D. Boral Capital analyst Jason Kolbert maintains UroGen Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URGN#NASDAQ">URGN</a>) with a Buy and maintains $25 price target.

URGN

D. Boral Capital Maintains Buy on UroGen Pharma, Maintains $25 Price Target

VS-7375 is on track for U.S. IND filing in Q1 2025 with plans for a Phase 1/2a study in mid-2025. Cash position following recent debt and equity financing provides expected runway beyond potential FDA approval and helps to advance early-stage pipeline.
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VSTM

Verastem Oncology Unveils 2025 Priorities And Upcoming Catalysts For Its Novel Clinical Pipeline;

<ul>
<li>Demonstrated bioavailability of IHL-42X, Incannex's proprietary combination formulation, confirming delivery of both dronabinol and acetazolamide</li>
<li>Achieved similar PK and equivalent total drug exposure levels of IHL-42X and the reference listed drugs (RLD) for dronabinol and acetazolamide, building a scientific bridge to established safety and toxicology data with the potential to support a future FDA 505(b)(2) new drug application (NDA)</li>
<li>Pharmacokinetic results for IHL-42X will inform analysis of anticipated Phase 2/3 data assessing IHL-42X in patients with obstructive sleep apnea</li>
<li>Continued excellent safety and tolerability findings, with no serious adverse events reported</li>
</ul>

IXHL

Incannex Healthcare Announced Topline Results From A Completed Pharmacokinetics And Safety Study Of IHL-42X For Obstructive Sleep Apnea

Baird analyst Luke Junk maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Outperform and raises the price target from $162 to $168.

Baird Maintains Outperform on TE Connectivity, Raises Price Target to $168

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