WS #16802
Ferrari raised its full-year EBITDA and revenue forecasts, citing robust demand and fully allocated EV sales, signaling strength in the luxury auto segment. In the energy services sector, Transocean outlined a December close for its merger with Valaris, expecting $200 million in annual synergies. Conversely, Marriott was downgraded to Hold by Freedom Broker, reflecting caution in the travel and hospitality space despite raised price targets.
Corporate Earnings and M&A
Ferrari raised its full-year EBITDA and revenue forecasts, citing robust demand and fully allocated EV sales, signaling strength in the luxury auto segment. In the energy services sector, Transocean outlined a December close for its merger with Valaris, expecting $200 million in annual synergies. Conversely, Marriott was downgraded to Hold by Freedom Broker, reflecting caution in the travel and hospitality space despite raised price targets.