GrainCorp Agrees to Sell GrainsConnect Canada Business; to Sell GrainsConnect Canada to Parrish & Heimbecker; Sale by Canada JV Follows Period of Challenging Performance; Sale Values GrainsConnect at C$150M on Cash-Free, Debt-Free Basis; Sale Includes Additional Cash Payment at Close for Net Working Capital; Expects to Recognize A$5M-A$10M Loss on Sale; Transaction Does Not Affect Through-Cycle Ebitda of A$320M; Expects Completion in 1H of 2026; FY26 Receival Volumes Impacted by Lower Year-on-Year East Coast Australia Crop; Prices, Production Levels Pressuring Handler Margins; Estimates FY26 Receivals of 11 Million-12 Million Tons; Maintains Strong Focus on Cost Management; to Give Earnings Guidance at February's AGM
Kiwetinohk Energy Shareholders Approve Cygnet Energy Acquisition
Montage Gold Expands Exploration Portfolio in Cote d'Ivoire Along Kone Project; Granted New Greenfield Property
Pason Systems Renewal of Normal Course Issuer Bid
Expected Major Events for Wednesday
07:00/UK: Nov UK producer prices
07:00/UK: Nov CPI
09:00/GER: Dec ifo Business Climate Index
09:30/UK: Oct UK House Price Index
11:00/UK: Dec CBI Industrial Trends Survey
12:00/US: 12/12 MBA Weekly Mortgage Applications Survey
13:30/CAN: Oct International transactions in securities
15:00/US: Sep Metropolitan Area Employment and Unemployment
15:30/US: 12/12 EIA Weekly Petroleum Status Report
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Expected Earnings for Wednesday
ABM Industries Inc (ABM) is expected to report $0.95 for 4Q.
Enerpac Tool Group Corp (EPAC) is expected to report $0.37 for 1Q.
General Mills Inc (GIS) is expected to report $1.01 for 2Q.
Jabil Inc (JBL) is expected to report $2.18 for 1Q.
Micron Technology Inc (MU) is expected to report $3.85 for 1Q.
MillerKnoll Inc (MLKN) is expected to report $0.35 for 2Q.
Office Properties Income Trust (OPITS) is expected to report for 3Q.
Progressive Corp (PGR) is expected to report.
Raymond James Financial Inc (RJF) is expected to report.
Toro Co (TTC) is expected to report $0.86 for 4Q.
Veru Inc (VERU) is expected to report for 4Q.
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ANALYST RATINGS ACTIONS
Allstate Cut to Equal-Weight From Overweight by Morgan Stanley
Archer Daniels Midland Cut to Underweight From Equal-Weight by Morgan Stanley
Atmos Energy Cut to Equal-Weight From Overweight by Morgan Stanley
Automatic Data Cut to Underperform From Hold by Jefferies
AutoZone Cut to Peer Perform From Outperform by Wolfe Research
CH Robinson Worldwide Raised to Overweight From Equal-Weight by Barclays
Choice Hotels Intl Cut to Hold From Buy by Argus Research
Cognex Raised to Buy From Sell by Goldman Sachs
Dime Community Bancshares Cut to Equal-Weight From Overweight by Stephens & Co.
Essex Property Cut to Hold From Buy by Jefferies
Federal Realty Raised to Buy From Hold by Jefferies
Frequency Electronics Cut to Hold From Buy by Freedom Capital Markets
Gap Inc Raised to Overweight From Equal-Weight by Wells Fargo
General Dynamics Raised to Overweight From Equal-Weight by Morgan Stanley
Generation Bio Cut to Hold From Buy by Jefferies
Generation Bio Raised to Outperform From Neutral by Wedbush
GitLab Cut to Sector Weight From Overweight by Keybanc
Healthpeak Properties Cut to Hold From Buy by Jefferies
Idacorp Raised to Overweight From Equal-Weight by Morgan Stanley
Illinois Tool Works Cut to Sell From Neutral by Goldman Sachs
Jack Henry & Associates Raised to Outperform From Sector Perform by RBC Capital
James River Group Cut to Neutral From Buy by Compass Point
KLA Raised to Overweight From Neutral by Cantor Fitzgerald
L3Harris Technologies Raised to Overweight From Equal-Weight by Morgan Stanley
Lockheed Martin Cut to Equal-Weight From Overweight by Morgan Stanley
Microchip Tech Raised to Overweight From Neutral by Cantor Fitzgerald
Monte Rosa Therapeutics Raised to Overweight From Equal-Weight by Wells Fargo
Moody's Raised to Buy From Neutral by Goldman Sachs
Okta Raised to Buy From Hold by Jefferies
OUTFRONT Media Raised to Overweight From Equal-Weight by Morgan Stanley
ResMed Cut to Neutral From Outperform by Baird
Rockwell Automation Raised to Neutral From Sell by Goldman Sachs
ServiceNow Raised to Neutral From Sell by Guggenheim
Shoals Technologies Cut to Equal-Weight From Overweight by Morgan Stanley
Southwest Airlines Raised to Overweight From Equal-Weight by Barclays
Sphere Entertainment Cut to Neutral From Buy by Seaport Global
Spire Inc Raised to Overweight From Equal-Weight by Morgan Stanley
Stubhub Holdings Cut to Market Perform From Market Outperform by Citizens
Tandem Diabetes Care Raised to Outperform From Neutral by Baird
Teradyne Raised to Buy From Sell by Goldman Sachs
Trimble Raised to Overweight From Sector Weight by Keybanc
Victoria's Secret Raised to Equal-Weight From Underweight by Wells Fargo
Zimmer Biomet Holdings Cut to Neutral From Outperform by Baird
Zscaler Raised to Outperform From Neutral by Mizuho
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
12-17-25 0613ET
