On Thursday, PNC Financial Services Group Inc (NYSE:PNC)’s shares declined -0.17% to $87.80.
Several equities analysts have recently commented on PNC shares. Jefferies Group raised their price target on PNC Financial Services Group from $93.00 to $102.00 in a research report on Thursday, July 2nd. Sanford C. Bernstein raised their price objective on PNC Financial Services Group from $95.00 to $100.00 in a report on Tuesday, June 16th. Nomura lowered their target price on PNC Financial Services Group from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Deutsche Bank upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Tuesday, September 8th. Finally, Zacks raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Tuesday, September 15th. Sixteen analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. PNC Financial Services Group presently has a consensus rating of “Hold” and an average price target of $100.09.
The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina.
International Business Machines Corp. (NYSE:IBM)’s shares gained 0.54% to $144.44.
International Business Machines expanded the industry’s largest and most diverse set of cognitive APIs, technologies and tools for developers who are creating products, services and applications embedded with Watson.
The declaration was made by IBM during its forum on cognitive computing and Artificial Intelligence, where the company declared a new Watson location in San Francisco. IBM also previewed new platform innovations and research projects that will extend its industry-leading cognitive portfolio.
“Since introducing the Watson development platform, thousands of people have used these technologies in new and inventive ways, and many have done so without extensive experience as a coder or data scientist,” said Mike Rhodin, senior vice president, IBM Watson. “We believe that by opening Watson to all, and continuously expanding what it can do, we are democratizing the power of data, and with it innovation.”
International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS), which includes Strategic Outsourcing, Integrated Technology Services, Cloud and Technology Support Services, and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS), which offers its services across Consulting and Systems Integration, Global Process Services and Application Management Services; Software, which consists of middleware and operating systems software; Systems and Technology (STG), which provides infrastructure technologies, and Global Financing, which provides financing solutions for products or services that are critical to the end users’ business operations.
At the end of Thursday’s trade, Cognizant Technology Solutions Corp (NASDAQ:CTSH)‘s shares dipped -1.82% to $61.12.
Cognizant Technology Solutions has a one year consensus target of $75.040 according to Thomson Reuters. This is the average number based on the research firms taken into consideration by First Call, the defacto standard when it comes to estimates. The same brokerage firms have are anticipating earnings per share of $0.770 for next quarter and earnings of $3.040 for current year.
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology.
Plug Power Inc (NASDAQ:PLUG), ended its Thursday’s trading session with 0.98% gain, and closed at $2.07.
Plug Power, a leader in providing clean, reliable energy solutions strongly supports the Fuel Cell Tax Extenders Act of 2015 introduced by Representative John Larson (CT-01) with original co-sponsors Representatives Paul Tonko (NY-20) and Chris Gibson (NY-19) on Friday, September 18, 2015. The bi-partisan bill will extend federal incentives for residential, commercial and vehicular fuel cell use in addition to extend and expand credits for hydrogen infrastructure. This legislation will provide important certainty for fuel cell manufacturers and Plug Power’s GenDrive and ReliOn customers.
The current tax incentives for fuel cell vehicles and hydrogen infrastructure are set to expire at the end of this year, while the fuel cell investment tax credit for material handling and stationary fuel cells will end on December 31, 2016. This legislation will extend all of the credits through the year 2021. The Fuel Cell Extenders Act of 2015 assists to level the playing field, enabling customers of all sizes to invest in new business-improving technology like hydrogen fuel cells.
“The existing tax credits have been very successful in sparking great interest and demand for hydrogen and fuel cell solutions, thus passing this bill now will assist keep that momentum strong,” said Andy Marsh, CEO at Plug Power. “I commend Representatives Larson, Tonko and Gibson for their steadfast support for hydrogen fuel cell technology adoption and for Plug Power’s continued growth.”
Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power.
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