E-Learning

Prologis downgraded to Underperform from Market Perform at BMO Capital

BMO Capital downgraded Prologis (PLD) to Underperform from Market Perform with a price target of $104, down from $120. Prologis is a “world-class company with a moat business,” but its valuation screens expensive, the analyst tells investors in a research note. The firm says the company’s s embedded growth is set to moderate back to pre-COVID levels by 2026. Industrial leasing demand is down 56% year-over-year, and BMO does not see a near-term rebound with Amazon expanding modestly and shifting

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Prospect Capital’s Private Credit Fund Cut to Junk by S&P

(Bloomberg) -- S&P Global Ratings lowered its rating on Prospect Capital Corp. to BB+, or one step into junk territory, citing losses and a deterioration in credit quality for the $7.6 billion private credit fund.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCompared to peers, Prospect has received a higher proportio

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Trillion-Dollar Gap Shows Diverging Korea, Taiwan Stock Fortunes

(Bloomberg) -- As South Korea descends into political chaos, its equity market risks falling further behind major tech rival Taiwan, which is basking in the glory of the global artificial intelligence boom.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectA near 30% surge in Taiwan’s stock benchmark this year, set to be

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Super Micro Receives Extension From Nasdaq Until February

(Bloomberg) -- Super Micro Computer Inc. said Nasdaq Inc. has granted the company additional time to become compliant with listing rules, easing the near-term risk that the embattled server maker would be delisted.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSuper Micro said it received a letter Friday from Nasdaq a

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Apollo and Workday to Join S&P 500 After Index Rebalancing

(Bloomberg) -- Apollo Global Management Inc. has been added to the S&P 500 index in the latest quarterly weighting change, joining alternative asset manager Blackstone Inc. on the world’s most-watched equity gauge. Workday Inc. has been included too.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe two companies will

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