Pareto Securities cuts its price target for Vend Marketplaces to NOK 305 (370), reiterates buy (R)

Vend Marketplaces ASA reported Q3 2026 EBITDA up 11%, with CEO Christian highlighting investments in recommerce in Norway. CFO PC noted raised 2026 cost savings targets to $250 million due to accelerated initiatives. The 40% OpEx-to-sales target for 2027 remains a medium-term ambition. Adevinta will now report quarterly. Mobility Sweden and Denmark faced challenges, but recovery is expected. Blockit saw private car listings down 5% in September. The company is focusing on AI and agentic future.

The US DOE approved a $5.1bn loan to Alliant Energy for power projects in Wisconsin and Iowa, including natural gas plants and energy storage. The loan will create jobs and add 2.6GW of capacity, potentially powering 1.8 million homes. Alliant Energy serves nearly 1 million electricity customers and 430,000 gas customers in the region.

Jefferies upgraded Chemed (CHE) to Buy with a $620 price target, citing growth in its hospice business and margin gains. The firm expects earnings stability and valuation expansion. Chemed's Q2 earnings beat estimates, with adjusted EPS of $6.06 and revenue of $673.25M. UBS also initiated coverage with a Buy rating and $650 target, projecting strong EPS growth.

JPMorgan placed ArcelorMittal (MT) on Positive Catalyst Watch, maintaining an Overweight rating and €70 price target. The bank expects a 35% increase in 2027 operating income. ArcelorMittal is expanding its Tokadeh iron-ore plant in Liberia, investing $1.8B to boost shipments to 20M tons by 2026, including rail, power plants, and port upgrades.

KB Asset Management's RISE ETF, listed July 14, allocates 25% each to SpaceX and Tesla, with the rest in short-term U.S. Treasuries. SpaceX reported Q3 revenue of $14.6B, net income of $4.4B, its first quarterly profit. Elon Musk mentioned potential merger talks between Tesla and SpaceX. The ETF, with $25.8M in assets, offers retirement investors exposure to growth stocks and bonds.

Coinbase reported a security incident at vendor Amplitude, exposing contact info of some customers. Coinbase denied a breach of its own systems and stated funds were unaffected. The incident is part of broader cyberattack reports affecting financial firms. In May 2025, Coinbase disclosed another breach with up to $400M in costs.