Indiabulls shares in focus on Rs 1,000cr fundraise via convertible warrants

Argus downgraded Prudential Financial (PRU) to Hold from Buy on June 9, citing ongoing challenges in Japan. Prudential said it will extend the suspension of new Japan sales by 180 days after a prior 90-day pause. Argus noted long-term above-average ROE and a ~5.4% dividend yield, and said it could upgrade with more clarity. In Q1 2026, PRU reported retail annuity sales over $3B, $1.4B in PRT deals, and after-tax adjusted operating income of ~$1.3B ($3.61/share).

Rein Therapeutics (NASDAQ: RNTX) said it has expanded its Phase 2 RENEW trial of inhaled peptide LTI-03 for idiopathic pulmonary fibrosis into the United Kingdom, with the first U.K. patient randomized. The company reported 16 patients enrolled to date. Trial sites are enrolling in the U.S., Australia, and the U.K., with two additional countries expected to add sites soon.

TD Cowen cut its Accenture (ACN) price target to $258 from $282 and kept a Buy rating, citing ongoing pressure on the company and the services sector from AI-related changes and macroeconomic challenges. It said fiscal Q3 results are unlikely to shift cautious sentiment. Separately, JPMorgan lowered its target to $201 from $247, maintaining Overweight and adjusting estimates to match Accenture’s guidance midpoint.

Mizuho raised its Cigna (CI) price objective to $340 from $330 and reiterated an Outperform rating, citing a more stable, predictable managed-care policy environment and fewer severe policy surprises. Mizuho also lifted price targets across the sector. UBS increased its CI target to $400 from $375, maintaining Buy, citing stronger Q1 results and improved Medicare Advantage and ACA trends, while noting ongoing cost pressures.

UPS met its June 1 deadline to retrofit 2,000 parcel delivery vans in the hottest U.S. regions with air conditioning, Teamsters General President Sean O’Brien said. The union also cited a pilot piping cooled air into rear cargo areas. UPS previously agreed in October to modify 5,000 vehicles by June 1, 2027, and to upgrade 100 cars with vented cargo-compartment cooling.

Amazon priced a record C$14 billion bond sale in Canada (about $10 billion), including a C$4.75 billion 30-year tranche. The deal is the largest corporate bond in Canadian dollars, surpassing Alphabet’s C$8.5 billion issue, and moved Amazon into the top 10 issuers by outstanding debt in a Bloomberg index. Canadian bond investors reportedly sold some longer-dated issues to make room; spreads widened ~2 bps Tuesday.