Thu, Aug 18, 2022 9:21 PM
M-cap of BSE-listed firms is just 2000 pts away from its all-time high
A Flip by Farha
A JPMorgan analyst recently lowered his price target on 3M stock to $110 from $118 and retained his neutral rating on it. That new price target still anticipates a near-20% upside over 12 months from the current price of about $92, highlighting the stock's value case. It looks like a downgrade, but in reality, the change reflects the spin off of 3M's healthcare business, now trading as Solventum.
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Wipro's chief executive officer (CEO) Srinivas Pallia, on April 19, outlined five key focus areas to turn around the company in the days to come. This was in response to how the new CEO plans to take charge and drive growth, at a time when not just the market demand is tepid but Wipro's inherent challenges have led to consistent dwindling of market share.
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Bitcoin’s dominance in the cryptocurrency sector has surged to a three-year high, capturing nearly 55% of the $2.4 trillion market for virtual currencies, according to CoinMarketCap data. The success of the newly introduced U.S. spot exchange-traded funds (ETFs), including offerings from BlackRock Inc. and Fidelity Investments, has been remarkable, amassing approximately $56 billion in assets.
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