Svenska Cellulosa (OTC:SCABY) Stock, Quote.Headers.trade-ideas

Svenska Cellulosa AB is Europe's private forest owner, engaged different business segments such as; the Forest segment which generates key revenue, supplies its industries with timber. The Wood segment includes five sawmills in northern Sweden and wood processing and distribution to the building materials trade in Sweden and France, The Pulp segment encompasses the production and sale of bleached softwood kraft pulp (NBSK) and chemi-thermomechanical pulp (CTMP), which are produced at the Ostrand pulp mill, The Containerboard segment includes packaging paper with kraft liner manufacturing at the Obbola and Munksund paper mills, and The Renewable Energy segment which encompasses production and sales of processed and unprocessed biofuels as well as liquid biofuels.

SVENSKA CLLULSA UNSP/ADR by Svenska Cellulosa AB

Svenska Cellulosa AB

JP Morgan analyst Joseph Greff downgrades Ryman Hospitality Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHP#NYSE">RHP</a>) from Neutral to Underweight and announces $100 price target.

News

Downgrades

Price Target

Analyst Ratings

JP Morgan Downgrades Ryman Hospitality Props to Underweight, Announces $100 Price Target

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates Elevation Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELEV#NASDAQ">ELEV</a>) with a Buy and maintains $6 price target.

Reiteration

ELEV

HC Wainwright & Co. Reiterates Buy on Elevation Oncology, Maintains $6 Price Target

Needham analyst Ryan Koontz maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Buy and raises the price target from $80 to $95.

CIEN

Needham Maintains Buy on Ciena, Raises Price Target to $95

JP Morgan analyst Joseph Greff upgrades PENN Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) from Neutral to Overweight and raises the price target from $19 to $27.

Upgrades

PENN

JP Morgan Upgrades PENN Entertainment to Overweight, Raises Price Target to $27

PLRZ

Polyrizon Announces Appointment Of Asaf Azulay, The Managing Director Of Eurofins' Li-med Team, To Its Leadership As Its VP Of Regulatory Affairs And Quality Assurance (RA/QA)

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates ITeos Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITOS#NASDAQ">ITOS</a>) with a Buy and maintains $21 price target.

ITOS

HC Wainwright & Co. Reiterates Buy on ITeos Therapeutics, Maintains $21 Price Target

Wedbush analyst Nick Setyan reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Outperform and maintains $60 price target.

PZZA

Wedbush Reiterates Outperform on Papa John's International, Maintains $60 Price Target

On Thursday, December 12th, U.S. markets closed lower as investors assessed economic data ahead of the Federal Reserve&#8217;s meeting. Mixed signals from rising producer prices and climbing unemployment claims fueled uncertainty about inflation and the Fed&#8217;s rate cut trajectory, prompting profit-taking after recent market highs.
In economic data, U.S. initial jobless claims climbed to 242,000 in early December, surpassing market expectations of 220,000, signaling potential labor market softening. Meanwhile, core producer prices increased by 0.2% month-over-month in November.
The majority of S&amp;P 500 sectors fell, led by losses in healthcare, consumer discretionary, and communication services, while consumer staples gained.
The Dow Jones Industrial Average was down 0.53% and closed at 43,914.12, the S&amp;P 500 declined 0.54% to 6,051.25, while the Nasdaq Composite fell 0.66% to finish at 19,902.84.
Asia Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 declined 1.02% and ended the session at 39,490.50, led by losses in the Shipbuilding, Paper &amp; Pulp, and Finance &amp; Investment sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 slid 0.41% and ended the day at 8,296.00, led by losses in the Gold, Metals &amp; Mining and Materials sectors.</li>
<li>India&#8217;s Nifty 50 rose 0.96% to 24,783.30, and the Nifty 500 was up 0.47%, closing at 23,365.45. Gains in the Technology, Consumer Durables, and Banking sectors led the index.</li>
<li>China&#8217;s Shanghai Composite fell 2.01% to close at 3,391.88, while the Shenzhen CSI 300 fell 2.37%, finishing the day at 3,933.18.</li>
<li>Hong Kong&#8217;s Hang Seng was down 2.09% and closed the session at 19,971.24.</li>
<li>Asian markets dropped Friday as China&#8217;s lack of detailed stimulus measures disappointed investors.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 0.29%.</li>
<li>Germany&#8217;s DAX gained 0.31%.</li>
<li>France&#8217;s CAC rose 0.19%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.02%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.91% at $70.64/bbl, and Brent was up 0.84% at $74.00/bbl.</li>
<li>Natural Gas gained 0.46% to $3.472.</li>
<li>Gold was trading lower by 0.75% at $2,689.01, Silver was down 0.96% to $31.317, and Copper fell 0.35% to $4.2300.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures were up 0.23%, S&amp;P 500 futures were up 0.32%, and Nasdaq 100 futures rose 0.65%.
Forex at 05:30 AM ET
The U.S. Dollar Index was up 0.02% to 106.98, USD/JPY was up 0.54% at 153.45, and USD/AUD slid 0.01% to 1.5703.
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Ex-India Fall On China Stimulus Concerns, Europe Up; Dollar Gains - Global Markets Today While US Slept

Trump&#8217;s Department of Government Efficiency <a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">Co-Lead </a>and CEO of&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Elon Musk, expressed skepticism about the cost of electric vehicles&nbsp;for the U.S. Postal Service.
What Happened:&nbsp;On Friday, Musk reacted to a post by Sawyer Merritt regarding a $10 billion program aimed at purchasing electric vehicles for the USPS. Merritt highlighted that the initiative is significantly delayed, with defense contractor Oshkosh failing to reveal substantial manufacturing issues for over&nbsp;a year. The USPS has&nbsp;only received 93 trucks, far short of the 3,000 initially anticipated. 
Musk commented, &#8220;That is a crazy price&nbsp;per truck,&#8221; reflecting his surprise at the program&#8217;s cost.
<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">That is a crazy price per truck <a href="https://t.co/DnsD9uZN7B">https://t.co/DnsD9uZN7B</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1867454563013603349?ref_src=twsrc%5Etfw">December 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42449593/tesla-stock-is-analysts-top-2025-sector-pick-elon-musks-political-involvement-will-accelerate-teslas-journey-beyond-autos?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Is Analyst&#8217;s Top 2025 Stock Pick: Elon Musk Political Involvement May &#8216;Accelerate&#8217; EV Maker Beyond Autos</a>
Why It Matters: The post also mentioned that the transition team of President-elect Donald Trump is contemplating canceling the contract to acquire over 60,000 more electric vehicles for the USPS. Musk&#8217;s reaction indicates his concern over the financial aspects of the program.
As <a href="https://www.washingtonpost.com/business/2024/12/11/biden-usps-ev-oshkosh-climate/">per</a> the Washington Post, the project was bolstered by $3 billion from the 2022 Inflation Reduction Act, a major legislative success for Biden. However, the delays now threaten the program&#8217;s role in the administration&#8217;s climate agenda. During a recent hearing, House Oversight and Reform Committee Chairman James Comer (R-Kentucky) expressed concerns about potential reforms and the future of the allocated EV funds, emphasizing the end of &#8220;bailouts and handouts.&#8221;
Musk has been critical about government spending for a long time. Recently, he <a href="https://www.benzinga.com/news/24/11/42157649/trumps-doge-co-lead-elon-musk-slams-lockheed-martins-f-35-fighter-jets-advocates-drone-warfare-as-pentagon-defends-1-8-trillion-program">voiced strong criticism </a>against the F-35 stealth fighter program, advocating for drones over manned fighter jets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/12/42409527/trump-humorously-calls-justin-trudeau-as-governor-days-after-floating-idea-of-canada-dodging-tariffs-as-51st-state-of-america?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Humorously Calls Justin Trudeau As &#8216;Governor&#8217; Days After Floating Idea Of Canada Dodging Tariffs As 51st State Of America</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

TSLA

Trump's DOGE Co-Lead Elon Musk Slams $10 Billion USPS EV Program: 'This Is A Crazy Price Per Truck'

HC Wainwright &amp; Co. analyst Amit Dayal maintains Electrovaya (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVA#NASDAQ">ELVA</a>) with a Buy and lowers the price target from $16 to $10.

ELVA

HC Wainwright & Co. Maintains Buy on Electrovaya, Lowers Price Target to $10

Jefferies analyst Bret Jordan initiates coverage on Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) with a Buy rating and announces Price Target of $500.

Initiation

Jefferies Initiates Coverage On Group 1 Automotive with Buy Rating, Announces Price Target of $500

B of A Securities analyst Tal Liani upgrades Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) from Neutral to Buy and raises the price target from $70 to $95.

B of A Securities Upgrades Ciena to Buy, Raises Price Target to $95

Stephens &amp; Co. analyst Jim Salera reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Overweight and maintains $62 price target.

Stephens & Co. Reiterates Overweight on Papa John's International, Maintains $62 Price Target

DA Davidson analyst Michael Shlisky initiates coverage on Titan Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWI#NYSE">TWI</a>) with a Buy rating and announces Price Target of $11.

DA Davidson Initiates Coverage On Titan Intl with Buy Rating, Announces Price Target of $11

The 2025 Shareholder Return Program is the next step consistent with the Company's capital allocation framework outlined at its recent Capital Markets Day.&nbsp;
As discussed at Capital Markets Day, the Company expects its business plan to support up to $80.0 billion in investments and capital returns between September 18, 2024 and the end of 2027.
&nbsp;

Dividends

Buybacks

TMUS

On December 13, 2024, T-Mobile US Says Board Authorized New Shareholder Return Program Of Up To An Initial $14B That Will Run Through December 31, 2025 - Filing

U.S. Energy has agreed to sell the majority of its East Texas assets located in Anderson, Chambers, Henderson, and Liberty Counties, Texas, to a private buyer. The East Texas Assets, representing a total of 122 wells, are primarily operated properties that produced approximately 1.1 million cubic feet per day of natural gas and 168 barrels of oil per day for the quarter ending September 30, 2024. The effective date for the Transaction will be November 1, 2024, and the Transaction is expected to close on or before December 31, 2024.&nbsp;&nbsp;

USEG

U.S. Energy Announces Entry Into Binding Agreement For Sale Of East Texas Properties At All Cash Proceeds of $6.825M; Transaction  To Close On Or Before December 31, 2024

Mizuho analyst Maheep Mandloi initiates coverage on Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) with a Outperform rating and announces Price Target of $20.

CSIQ

Mizuho Initiates Coverage On Canadian Solar with Outperform Rating, Announces Price Target of $20

Ensign has been a dividend-paying company since 2002.
 &nbsp;

ENSG

The Ensign Group Increases Quarterly Dividend to $0.0625 Per Share, Which Is Payable On Jan 31, 2025

SOGP

Sound Group Reports First Half Of 2024: Revenues Fell YoY To $127.1M Primarily Due To Decrease In Paying Users, Average Total Mobile MAUs Was 35.7M

Deutsche Bank analyst Ross Seymore maintains Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with a Buy and raises the price target from $190 to $240.

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Svenska Cellulosa (SCABY) Forecast

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