Before we get into the top analyst upgrades and downgrades, we would like to draw your attention to Methes Energies International Ltd (OTCMKTS:MEIL).
According to FORTUNE Business Insights, the bio-lubricant marketplace is to reach $4.26 billion by 2029 as government initiatives govern oil-based lubricants to stimulate market growth with a CAGR of almost 4.7%, 2022 – 2029. While this segment is less than 1.5% of the total global finished lubricant market, its growth is significantly faster than the others. Government policies and socially responsible end-users are projected to increase demand to drive the market during this period. With that said, we would like to draw your attention to a micro cap company Methes Energies International Ltd (OTCMKTS:MEIL) that anounced solid news in related to the bio-lubricant industry.
Methes Energies International Ltd (OTCMKTS:MEIL) announced that it has finalized the acquisition of Celebration, Florida based EarthFriendly Products Inc., the manufacturer and marketer of b2 biOil and other bio-lubricants. This acquisition will combine efforts and build upon Methes’ current platform in which to launch an increased assortment of bio-renewable solutions.
“After an intensive three-year search to find a synergistic partner to continue promoting our bio-renewable solutions while bolstering shareholder value, I am pleased to announce this seamless transition with EarthFriendly Products;” said Michel G. Laporte, past Chairman and CEO of Methes. “Their branding and go-to-market strategies will help the Company further penetrate the bio-lubricant marketplace within multiple channels.”
“We are delighted to finalize this transaction and expand our environmentally charged agenda;” said Carol Loch, President of EarthFriendly Products Inc., now appointed Chairwoman and CEO of Methes Energies International Ltd. She added; “Environmentally concerned and socially responsible consumers and customers alike should not have to sacrifice value or performance when selecting an earth friendlier product over their traditional product choices…as it is our mission to make our GREEN choices a logical choice!”
Below are analyst top upgrades and downgrades for today:
Mizuho affirms Tesla (NASDAQ:TSLA) as a buy rating ahead of the company’s analyst day on March 1, citing the anticipated growth of electric vehicle and advanced driver assistance systems at a 20-30% CAGR between 2022-2030, with Tesla in a leadership position.
Barclays reiterates Apple’s (NASDAQ:AAPL) equal weight rating, acknowledging the low growth of the App Store as the “new norm” for the company. The App Store is estimated to contribute 33% of revenue and 11% of gross profit to Apple.
Goldman Sachs downgrades Arconic (NYSE:ARNC) to a sell rating from neutral, citing uncertainty in European demand and delayed growth investments that moderate the path for EBITDA inflection.
Morgan Stanley reiterates Dick’s (NYSE:DKS) as an overweight rating ahead of the company’s earnings on March 7, noting the lack of visibility on post-reversion floor and choppy stock path in the near term. However, the company is believed to sustain its sales/margin gains and is undervalued in the long term.
Evercore ISI downgrades FuboTV (NYSE:FUBO) to an in-line rating from outperform, indicating that shares are likely to remain volatile. Despite reporting strong Q4 earnings, the streaming subscription service company is expected to experience volatility in the stock market.
BMO initiates Structure Therapeutics (NASDAQ:RUBY) as an outperform rating, citing the significant advancement in the obesity therapeutics market. The company is well positioned to succeed in this market, which is seeing a sea change in the treatment of a widespread metabolic disease.
Bank of America names Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Meta (NASDAQ:FB) as its top picks in artificial intelligence, highlighting their respective AI integrations, including OpenAI ChatGPT integration into Bing search engine for Microsoft, Google search ecosystem, DeepMind Sparrow LLM, Bard AI chatbot for Alphabet, LLaMA large language model, GPU enabled AI research supercluster for Meta, and iOS licensing for default search engine (Google vs Microsoft) for Apple.
Source: https://finance.yahoo.com/news/methes-energies-international-ltd-acquires-132000217.html
InvestorBrandMedia has been compensated eleven hundred dollars by a 3rd party for the content, research, dissemination, and syndication pertaining to MEIL for a period of one week starting March 1st, 2023 to March 3rd, 2022. We own zero shares of MEIL
