Morningstar analyst Michael Makdad has also increased his target price to $47 from $46, implying a P/B multiple of 2 times.

Stocks in Europe mostly traded higher on Monday despite President Trump announcing plans to impose 25% tariffs on all steel and aluminum imports. Jefferies suggested that risky assets were becoming ...

The U.S. hedge fund, which manages around $70 billion in assets, is one of Wall Street's most influential investors, known for pressuring companies to fire management, break apart and spin off ...