Major Hack Campaign Against Fortinet Devices Hits Prominent Organizations
A widespread hacking campaign targeting Fortinet firewall and VPN devices has led to compromises in Fortune 500 companies and government agencies across more than 15 countries, with the US, India, and Taiwan being the most affected. Researchers from Hudson Rock estimate around 75,000 devices have been compromised, attributing the attacks to "bruteforcing" techniques using data from previous incidents. While Fortinet acknowledges credential theft, they deny any new vulnerabilities, and researchers suggest the campaign might be linked to a Russian cybercrime group.
Lennox to acquire HVAC supplier Heat Controller
Lennox has signed a definitive agreement to acquire Heat Controller, a North American HVAC equipment supplier. This acquisition aims to expand Lennox's access to small and mid-size distributors and grow its North American HVAC market share by integrating Heat Controller's Comfort-Aire and Century brands. The deal, expected to close later in 2026, was announced with Lennox shares trading at approximately $516.11.
Hershey Reports Positive Results from One Hershey Initiative Three Months After Merger - News and Statistics
Three months after merging its sweet, salty, and protein brands into a single "One Hershey" entity, Hershey is already seeing positive results. This integration streamlines retailer relationships, allows for cross-category merchandising, and has shown a significant sales lift in in-store testing. The company is also focusing on product reformulation, including returning some Reese's products to a classic recipe and working to remove artificial colors from its U.S. products by the end of 2027.
Xcel Energy Stock - Thursday chart check and trading levels
Xcel Energy stock is trading near its recent highs on the Nasdaq, with shares changing hands above $79. The utility's price pattern shows a steady upward bias, underlining solid underlying demand in the regulated utilities sector. Technical analysis suggests muted volatility, with shares trading near the upper end of their recent daily range and comfortably above recent lows.
UBS reiterates Neutral on CarMax stock, keeps $42 price target
UBS has reaffirmed its Neutral rating and $42 price target for CarMax Inc. following the company's first-quarter fiscal 2027 results, which surpassed EPS expectations by 30%. CarMax also introduced a new four-pillar growth strategy under its new CEO, Keith Barr, which UBS believes may help build investor confidence. Despite the stock's 21% return over the past six months, InvestingPro analysis indicates it is currently undervalued.
Raymond James overweight on industrial REITs (LXP:NYSE)
Raymond James has given an "Overweight" rating to the industrial REIT sector, initiating or resuming coverage on several companies. The investment bank noted that while the sector as a whole is attractive, their approach remains selective due to diverging trends in embedded rent growth, development opportunities, and valuations among individual REITs.
ESS Maintained by Scotiabank -- Price Target Raised to $290
Scotiabank has maintained a 'Sector Outperform' rating for Essex Property Trust (ESS), increasing its price target from $282.00 to $290.00. GuruFocus indicates that ESS is currently 0.8% undervalued with a GF Value™ of $278.74 and a strong GF Score™ of 79/100, driven by solid profitability and valuation. Investors should also consider recent insider selling activity, despite the positive analyst outlook and valuation metrics.
American Express Stock Is Powering the Financial Sector to a Fresh Breakout
American Express (AXP) stock is showing a strong technical breakout, suggesting it's poised for significant upside, potentially driven by a rotation of institutional money into premium financial names. The company's robust fundamentals, including a high-margin business model, strong EPS growth, and an accelerating global travel booking footprint, support this positive outlook. Analysts maintain a "Moderate Buy" rating with an average target price significantly above current trading levels, making it a compelling entry point for investors.
Qualcomm Shares Gain as Investor Day Hopes and AI Data Center Momentum Lift Sentiment
Qualcomm (QCOM) shares rose 4.5% due to high expectations for its upcoming Investor Day on June 24, 2026, and increasing confidence in its AI data center chip strategy. Investors are anticipating new long-term revenue targets beyond smartphones and reacting to a bullish price-target increase. The company's focus on agentic AI, gigawatt-scale data centers, and an announced custom AI silicon engagement are contributing to its emerging profile as an AI infrastructure player.
Ameren Corp. Stock - Analyst consensus and technical picture on Thursday
Ameren Corp. stock is currently trading in line with Wall Street's fair-value range and near its 200-day moving average. Analysts maintain a "moderate buy" consensus with an average 12-month price target of $117.54, indicating a moderate upside. The company primarily generates revenue from regulated electric and natural-gas utilities in Missouri and Illinois.