Cannabis company Cronos on Thursday confirmed it received a number of unsolicited indications of interest from third parties regarding potential transactions.
Cronos said it is in the initial stages of reviewing the indications. The company also said it doesn't plan to make any further announcements regarding the matter unless or until required by law.
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Expected Major Events for Friday
05:00/JPN: May Indexes of Business Conditions - Preliminary Release
06:00/GER: May Industrial Production Index
06:00/UK: 2Q Halifax House Price Index: UK Regional Breakdown quarterly release
06:00/UK: Jun Halifax House Price Index
06:45/FRA: May Foreign trade
06:45/FRA: May Balance of payments
08:00/ITA: May Retail Sales
08:59/JPN: May Provisional Labour Survey - Earnings, Employment & Hours Worked
12:30/US: Jun U.S. Employment Report
12:30/US: U.S. Weekly Export Sales
12:30/CAN: Jun Labour Force Survey
14:00/CAN: Jun Ivey Purchasing Managers Index
14:30/US: 06/30 EIA Weekly Natural Gas Storage Report
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Friday
AZZ Inc (AZZ) is expected to report $0.89 for 1Q.
Abraxas Petroleum (AXAS) is expected to report for 1Q.
Andrea Electronics Corp (ANDR) is expected to report for 1Q.
Tingo Group Inc (TIO) is expected to report for 1Q.
Urban One Inc - Class A (UONE,UONEK) is expected to report for 4Q.
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ANALYST RATINGS ACTIONS
Affirm Holdings Cut to Underweight From Neutral by Piper Sandler
Allscripts Cut to Hold From Buy by Argus Research
Amedisys Cut to Hold From Buy by Jefferies
American Equity Cut to Sector Perform From Outperform by RBC Capital
American Express Cut to Neutral From Outperform by Baird
Aptiv Raised to Buy From Neutral by B of A Securities
Associated Banc-Corp Raised to Outperform From Market Perform by Raymond James
BorgWarner Raised to Buy From Neutral by B of A Securities
Eagle Materials Cut to Underweight From Neutral by JP Morgan
First Horizon Raised to Outperform From Market Perform by Raymond James
Gentex Raised to Neutral From Underperform by B of A Securities
Great Ajax Cut to Market Perform From Outperform by Raymond James
Hanover Insurance Raised to Overweight From Neutral by Piper Sandler
Horizon Bancorp (Indiana) Cut to Market Perform From Outperform by Raymond James
HubSpot Cut to Neutral From Overweight by Piper Sandler
Keurig Dr Pepper Raised to Overweight From Equal-Weight by Morgan Stanley
Martin Marietta Cut to Neutral From Overweight by JP Morgan
MGIC Invest Cut to Sector Perform From Outperform by RBC Capital
Netstreit Cut to Peer Perform From Outperform by Wolfe Research
Neurocrine Raised to Market Perform From Underperform by BMO Capital
Phillips Edison Cut to Peer Perform From Outperform by Wolfe Research
Repligen Raised to Outperform From Sector Perform by RBC Capital
Simon Property Raised to Outperform From Peer Perform by Wolfe Research
Subscribers: Disregard Generac Ratings Headline by William Blair
Summit Materials Cut to Underweight From Neutral by JP Morgan
Sweetgreen Raised to Buy From Neutral by B of A Securities
Truist Financial Raised to Outperform From Market Perform by Raymond James
Vulcan Materials Cut to Neutral From Overweight by JP Morgan
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
07-07-23 0604ET
