Franklin Resources' Western Asset Management Co (Wamco) has agreed to pay $100 million to settle an SEC investigation. The settlement stems from an SEC probe into the "cherry-picking" practices of Wamco's former chief investment officer, Kenneth Leech.

Citizens Jmp has reduced its price target for Guidewire Software (NYSE:GWRE) from $300.00 to $220.00, while maintaining a "market outperform" rating. This new target still suggests a potential upside of 45.43% from the company's previous closing price. Despite the cut, Guidewire Software recently beat quarterly earnings expectations, reporting an EPS of $0.82 against an expected $0.79 and revenue of $372.5 million compared to a forecast of $355.9 million, marking a 26.9% year-over-year increase.

JPMorgan Chase & Co. has adopted a less bearish stance on Tesla Inc. after replacing its lead autos analyst. Following the change, JPMorgan's new analyst, Rajat Gupta, increased the price target for Tesla shares to $475 and upgraded the stock to a "hold" rating, a significant shift from the previous analyst's pessimistic outlook.

Western Asset Management Co (Wamco), a unit of Franklin Resources, will pay a $100 million civil penalty to settle charges from the U.S. Securities and Exchange Commission (SEC). The charges are related to an alleged "cherry-picking" scheme by former co-chief investment officer Kenneth Leech. Wamco stated it settled the issue as a "business decision" to avoid prolonged litigation, without admitting wrongdoing.

Hillhouse Investment is reportedly close to acquiring a significant minority stake in LRQA, a UK-based certifications and inspections business. The stake is being purchased from Goldman Sachs Group Inc.'s asset management arm, which will retain a majority holding. LRQA offers services in quality assurance, inspection, safety, and cybersecurity across over 150 countries.

Morgan Stanley has increased its price target on ZTO Express (ZTO) to $30.10 from $28.50, maintaining an Overweight rating, citing market share gains and improved unit profitability after the company's Q1 results. Conversely, BofA lowered its price target to $25.60 with a Neutral rating due to a potential stake sale by Alibaba following the termination of a 2018 investor agreement. ZTO Express reported Q1 adjusted EPS of RMB2.95 and revenue of RMB13.282B, with parcel volume growing 13.2%.

Delta Air Lines is expanding its flight schedule and upgrading aircraft for the upcoming pro football season to accommodate increased fan travel. The airline will add new flights and boost capacity on key routes for high-demand game weekends from September through January, including service to international games in Madrid and Munich. Fans will also have access to Live TV on all Delta flights to watch games onboard.

Humana (HUM) stock surged 6% as health insurance stocks rallied, driven by analyst optimism regarding moderating medical costs and the potential for AI to drive efficiency gains. Both Bank of America and Morgan Stanley highlighted favorable Q1 trends and the significant EPS upside AI could offer to managed care companies. Humana's strategic focus on cost-cutting and a dedicated transformation office aims to double Medicare Advantage margins by 2026 and reach 3% by 2028, signaling potential long-term upside despite ongoing challenges.

G-III Apparel Group reported its Q1 fiscal 2027 financial results, showing an 8% decline in net sales but a significant boost to GAAP diluted EPS ($1.50) due to a $102.7 million tariff refund. The company raised its full-year earnings guidance and is moving forward with a strategic joint venture with WHP Global to acquire the Marc Jacobs brand, aiming to mitigate revenue headwinds from expiring licensing agreements.

Royal Caribbean has secured the rights to broadcast every match of the FIFA World Cup 2026 live across its fleet from June 11 to July 19, 2026. Matches will be shown on stateroom televisions and various onboard venues. The cruise line also became an official Miami World Cup 2026 host city supporter, offering passengers access to city events including the FIFA Fan Festival at Bayfront Park.