Freedom Capital Markets maintains Buy rating on Minerals Technologies, $90 price target

Minerals Technologies (MTX) reported Q2 2026 revenue of $548.4 million, up 4%, and adjusted EPS of $1.60, up 3%. Adjusted operating income was $75 million, with higher costs partially offset by volume and pricing. Q3 guidance calls for sales near $550 million and EPS $1.55 to $1.60. The company recorded a $290 million charge tied to talc litigation reserves and related costs.

MINERALS TECHNOLOGIES INC (MTX) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 News Release Minerals Technologies Inc. Announces 2026 Second Quarter Financial Results ● Sales up 4 percent versus prior year and up 7 percent year-to-date; on track for mid-single digit growth for full year ● Strong cash flow generation, up significantly year-to-da

Claimants’ attorney Clay Thompson said a June 18 hearing in the Barretts Minerals talc/asbestos bankruptcy fight could determine whether victims can settle or must continue through civil lawsuits. Thompson said a bid to dismiss the bankruptcy was denied and a special committee was appointed. Minerals Technologies says talc is safe and set a $215 million reserve for a trust.

Nike (NKE) will be removed from the S&P 100 on Sept. 21, replaced by Palo Alto Networks (PANW). Nike's stock has fallen, reducing its impact on the Dow Jones Industrial Average, a price-weighted index. Nike's revenue was $46.4B in fiscal 2026, with net income declining 3% to $3.1B. CEO Elliott Hill is working on a turnaround amid weaker sales and competition.

Oracle's Project Jupiter loans, totaling $18 billion, are trading at 89-91 cents on the dollar, below the typical par range, according to the Financial Times. The loans are tied to a data center campus Oracle plans to lease, with construction delays and credit concerns impacting investor demand. Oracle's long-term debt is near $156 billion, and its capital expenditure is approaching $28 billion.

Unisys (NYSE:UIS) transferred $200M in pension obligations to New York Life, expecting a $150M noncash pretax charge in Q3. This reduces pension liabilities by 87% of its $600M target, with no immediate cash impact. The move limits future pension risk but doesn't necessarily improve the funding gap.