Midday movers: Agilent, VMware, Lowe’s and more
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November 22, 2023 1:35 PM EST
German automaker, Volkswagen revealed Wednesday its decision to increase salaries for production workers at its Chattanooga assembly plant in Tennessee by 11%. This announcement comes weeks after the United Auto Workers union secured substantial pay and benefit raises from the Detroit Three automakers.
Volkswagen and other non-union automakers in the United States are facing escalating pressure to... More
November 22, 2023 9:35 AM EST
A recent report by industry analysts J.D. Power and GlobalData, published on Wednesday, projects that November's new-vehicle sales will hit 1,236,000 units, marking a significant 10.2% increase compared to the same period last year.
"Sales growth is being enabled by improving vehicle availability," said Thomas King, president of the data and... More
November 22, 2023 6:25 AM EST
TD Cowen analyst John Kernan raised the price target on Burlington Stores (NYSE: BURL) to $157.00 (from $146.00) while maintaining a Market Perform rating.
The analyst commented, "Surprising issuance of a five-year plan that targets an acceleration and +500bps of cumulative operating margin expansion from FY22,... More
