Latest News for Yik Wo Intl Hldgs Stock (OTC:YIKWF)

Yik Wo International Holdings Ltd is engaged in the design and development, manufacturing and sales of disposable plastic food storage containers. The company's plastic containers are processed by high temperature hot-melt plastic injection moulding method with polypropylene resin or other thermoplastic materials. In terms of application, disposable plastic food storage containers can be divided into lunch boxes, fresh and preserved fruit containers, semi-food containers and others. The Company has identified the following reportable segments which include Disposable plastic food storage containers; and E-commerce: Daily necessities and other household goods. The group derives prime revenue from the PRC.

YIK WO INTL HLDGS LTD. by Yik Wo International Holdings Ltd

Yik Wo International Holdings Ltd

Keybanc analyst Eric Gonzalez maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Overweight and raises the price target from $3250 to $3400.

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Keybanc Maintains Overweight on Chipotle Mexican Grill, Raises Price Target to $3400

Deutsche Bank analyst Lauren Silberman maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $3400 to $3600.

Deutsche Bank Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3600

European Aeronautic Defence And Space Unsponsored

EADSY

Airbus CEO Says R&T Not At The Point Of Launching New Plane Programmes, Any Request For European Support Would Be Much Later In The Decade If At All

Carrier Global Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>)&nbsp;shares are trading higher, rebounding from earlier weakness following&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38425103/carrier-reports-strong-first-quarter-2024-results" rel="noreferrer noopener">first quarter FY24 results</a>.
Net sales rose 17% Y/Y to $6.18 billion, missing the consensus of $6.28 billion.
Adjusted operating profit of $927 million was up 44% Y/Y,&nbsp;driven by&nbsp;strong&nbsp;productivity and the contribution from Viessmann Climate Solutions. Margin expanded to 15.0% from 12.2% a year ago.
The company reported adjusted EPS of $0.62, beating<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">&nbsp;the consensus of $0.51</a>.
Net cash provided by operating activities totaled $40 million, and capital expenditures were&nbsp;$104 million, resulting in a free cash outflow of&nbsp;$(64) million.
The company exited the quarter with cash and cash equivalents worth $1.31 billion.
David Gitlin, Carrier Chairman &amp; CEO, said, &#8220;We closed on&nbsp;Viessmann Climate Solutions at the beginning of the year, which will be transformational for Carrier and the industry. We are focused on capitalizing on the long-term secular sustainability trends, outperforming the market, and achieving and accelerating revenue and cost synergies.&#8221;
&#8220;The business exits are also on track as we are within months of closing on three of our four transactions and are making significant progress on completing the fourth. We&nbsp;now&nbsp;expect to resume share repurchases in 2024 as the net proceeds from the announced transactions help us return to ~2x net leverage this year.&#8221;
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37481571/fire-sale-carrier-global-divests-industrial-fire-unit-for-1-425b-in-portfolio-shake-up" rel="noreferrer noopener">Fire Sale: Carrier Global Divests Industrial Fire Unit For $1.425B In Portfolio&nbsp;Shake-Up</a>
FY24 Outlook:&nbsp;Carrier reiterated adj. EPS of $2.80-$2.90&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the $2.84 estimate</a>.&nbsp;
The company revised its sales outlook to ~$26 billion from ~$26.5 billion (vs.&nbsp;$26.205 billion&nbsp;estimate), with&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/36959531/carrier-globals-mixed-bag-in-q4-flat-sales-solid-profits-and-big-moves-in-business-strategy" rel="noreferrer noopener">mid-single-digit organic growth</a>.
Carrier now sees an adjusted operating margin of 15.5% (vs. 15%-15.5% earlier) and a free cash flow of ~$0.4 billion.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38317463/carrier-global-invests-in-strategic-thermal-labs-for-data-center-cooling-solutions" rel="noreferrer noopener">Carrier Global Invests In Strategic Thermal Labs For Data Center Cooling Solutions</a>
Investors can gain exposure to the stock via&nbsp;First Trust US Equity Opportunities ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPX#NYSE">FPX</a>) and&nbsp;Invesco S&amp;P Spin-Off ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSD#NYSE">CSD</a>).
Price Action:&nbsp;CARR shares are up 7.3% at $58.77&nbsp;at the last check Thursday.

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CARR

Why Carrier Global Shares Are Surging Today

Southwest Airlines CFO Says Now Expect Lower 2024 Maintenance Expense Compared With Our Previous Expectations

Deutsche Bank analyst Benjamin Black maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Buy and lowers the price target from $540 to $500.

Deutsche Bank Maintains Buy on Meta Platforms, Lowers Price Target to $500

Airbus CEO Says Co-Operation And Partnership With Spirit Aero Is 'Good If Not Very Good' To Manage Complex And Difficult Situation

On April 24 Cardinal Health Got Warning Letter From FDA

Craig-Hallum analyst Ryan Sigdahl maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Buy and lowers the price target from $350 to $310.

Craig-Hallum Maintains Buy on Lithia Motors, Lowers Price Target to $310

B of A Securities analyst Mihir Bhatia maintains Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) with a Neutral and raises the price target from $43 to $44.

B of A Securities Maintains Neutral on Synchrony Finl, Raises Price Target to $44

Airbus CEO Says Supply Chain Difficulties Include Detail Parts And Aerostructures, Including At Spirit AeroSystems; Spirit Aero Facing Their Own Difficult Supply Chain Situation

B of A Securities analyst Wamsi Mohan maintains Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) with a Buy and raises the price target from $121 to $124.

B of A Securities Maintains Buy on Amphenol, Raises Price Target to $124

U.S. Senator Tim Scott's (R-S.C.), effort to crack down on the illicit fentanyl supply chain was signed into law on Wednesday as a part of the national security supplemental package.
Scott, a member of the Senate Committee on Banking, Housing and Urban Affairs, wrote and introduced the <a href="https://outreach.senate.gov/iqextranet/iqClickTrk.aspx?&amp;cid=quorum_scott-iq&amp;crop=15492QQQ30513556QQQ7471293QQQ8592410&amp;report_id=&amp;redirect=https%3a%2f%2fwww.banking.senate.gov%2fimo%2fmedia%2fdoc%2ffend_off_fentanyl_-_bill_text.pdf&amp;redir_log=50658488304550" target="_blank" rel="noreferrer noopener">FEND Off Fentanyl Act</a>, which directs the Department of Treasury to use U.S. economic national security tools to choke off the profits of the Chinese precursor manufacturers and the Mexican cartels that push fentanyl across the border. "The precursors for fentanyl come from China, they're manufactured in Mexico, and then the Mexican cartels bring them to America — leading to the deaths of 70,000 Americans. My solution — the FEND OFF Fentanyl Act — freezes and sanctions the assets of the Mexican cartels, cutting off their cash and starving them of what they need to kill 70,000 Americans," Scott <a href="https://www.scott.senate.gov/media-center/press-releases/sen-scotts-fentanyl-bill-signed-into-law/">said</a> in a statement. "Today, we'll have a greater opportunity to stop the flow of fentanyl."
In an overwhelmingly bipartisan vote Wednesday, the Senate passed the legislation, co-sponsored by Senate Banking Committee Chair Sen. Sherrod Brown (D-Ohio). The bill takes definitive action to expand sanctions to illicit fentanyl traffickers in Mexico and the creators of precursor chemicals in China.
"Fentanyl has taken too many lives and caused too much devastation in Ohio.&nbsp;FEND Off Fentanyl will save lives by going directly after the drug cartels' billions in illicit profits, targeting&nbsp;the entire fentanyl supply chain and sanctioning illicit opioid traffickers and money launderers in&nbsp;China and Mexico," Brown <a href="https://www.banking.senate.gov/newsroom/majority/signed-into-law-browns-bill-to-crack-down-on-fentanyl-traffickers-becomes-law">said</a>. "This is good news for law enforcement and for families on the front lines who have demanded action for years now."
The bill, which was unanimously passed in the Senate Banking Committee in June 2023, ensures sanctions are imposed not only on the illicit drug trade but also on the money laundering that makes it profitable.
The Centers for Disease Control and Prevention <a href="https://www.benzinga.com/markets/cannabis/24/01/36707665/dea-seizes-largest-amount-of-fentanyl-in-its-history-386m-lethal-doses-enough-to-kill-every-amer">predicted record numbers of drug poisonings </a>for 2023, with their latest estimate for the 12 months ending June 2023 at 112,323 American lives lost.&nbsp; Nearly 70% of these drug poisonings are from fentanyl.&nbsp;&nbsp;
Fentanyl is the leading cause of death for Americans between 18 and 45. The DEA calls it &#8220;the deadliest drug threat&#8221; in the country.
Photo: Courtesy of C-Span

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GOP Sen. Tim Scott's Fentanyl Bill Signed Into Law, Freezes And Sanctions Assets Of Mexican Cartels

B of A Securities analyst Ken Hoexter maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Neutral and lowers the price target from $223 to $205.

ODFL

B of A Securities Maintains Neutral on Old Dominion Freight Line, Lowers Price Target to $205

Southwest CEO Says Capacity Growth In Near Term To Come Entirely From Gauge, Higher Aircraft Utilization, Including Tightening Turn Time & Modest Level Of Red-Eye Flying

B of A Securities analyst Jason Haas maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Neutral and raises the price target from $60 to $70.

B of A Securities Maintains Neutral on Hasbro, Raises Price Target to $70

B of A Securities analyst Ken Hoexter maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Buy and lowers the price target from $97 to $92.

B of A Securities Maintains Buy on Canadian Pacific Kansas, Lowers Price Target to $92

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RBRK

Rubrik Shares Open For Trade At $38.60/Share; IPO Priced At $32/Share On 23.5M Shares

Southwest Airlines CEO Says Further Capacity Reductions In 2024 And 2025 Create Additional Head Count And Efficiency Challenges; Have Essentially Frozen And Stopped All Hiring Except For A Limited Number Of Critical Positions; We Are Admittedly Materially Off The Plan To Cover The Cost Of Capital In 2024

B of A Securities analyst Craig Siegenthaler maintains Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) with a Buy and raises the price target from $22 to $25.