The Latest Breaking News from UBS

Extreme weather is being blamed for a shortage of lettuce that has prompted fast food chain KFC to put cabbage on its burgers and led to soaring prices.

Generac Holdings Inc. (NYSE:GNRC) subsidiary Generac Grid Services and German utility RWE AG (OTC:RWEOY) reveal the expansion of their collaboration. The companies plan to jointly launch additional market products following the delivery of uninterrupted automatic Frequency Restoration Reserve (aFRR) capacity for the last six months. "Generac Grid Services is proud to support RWE in…

 

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The stock market closed the last trading session of May in the red, underscoring inflation fears and rising oil prices. Furthermore, strategists expect the broad market to decline further, given the inflationary pressures and the Fed’s monetary tightening. Hence, we think stocks that have outpaced the broader market so far…

The Kraft Heinz Co (NASDAQ: KHC) shares are trading lower Thursday following bearish analyst coverage from UBS.

UBS cut The Kraft Heinz Company (NASDAQ: KHC) price target from $40 to $34. Kraft Heinz shares fell 3.1% to $38.66 in pre-market trading.

UBS has decided to maintain its Sell rating of Williams-Sonoma (NYSE:WSM) and lower its price target from $140.00 to $100.00. Shares of Williams-Sonoma are trading down 5.44% over the last 24 hours, at $102.41 per share. A move to $100.00 would account for a 2.35% decline from the current share…

UBS upgraded the technology sector to Overweight on Wednesday morning, but Requisite Capital Management's Bryn Talkington splashed caution on the analyst firm's call.

UBS has decided to maintain its Neutral rating of Jack In The Box (NASDAQ:JACK) and lower its price target from $93.00 to $85.00. Shares of Jack In The Box are trading down 3.57% over the last 24 hours, at $76.15 per share.

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