The Latest Breaking News from Benchmark

The industry insists that cured-in-place plastic pipe liners are safe. Some scientists say the installation process is not.

 

Snap Inc (NYSE: SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.

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The impact of continued U.S. dollar strength is not reflected either in Netflix Inc’s (NASDAQ: NFLX) guidance for the second quarter or in the Street projections, according to Benchmark.

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Benchmark has decided to maintain its Buy rating of Cross Country Healthcare (NASDAQ:CCRN) and lower its price target from $42.00 to $37.00. Shares of Cross Country Healthcare are trading down 6.22% over the last 24 hours, at $17.33 per share.

Benchmark has decided to maintain its Buy rating of Zoom Video Comms (NASDAQ:ZM) and raise its price target from $124.00 to $128.00. Shares of Zoom Video Comms are trading up 5.68% over the last 24 hours, at $94.40 per share.

Automakers and suppliers are rushing to establish new battery manufacturing facilities. Total lithium-ion capacity has doubled since the beginning of 2021.

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HSBC analyst Charlene Liu cut the price target on Baidu Inc (NASDAQ:BIDU) to $180 from $195 (31.3% upside) and kept a Buy rating on the shares.  The analyst now assumes a worse impact from COVID-19 on the company's core ad and cloud businesses and margins, seeing a recovery only in Q4. Liu reduced the price…