Minerals Technologies Inc
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Materials : Chemicals | Small Cap Blend
Company profile

Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc. The Performance Materials segment is a supplier of bentonite and bentonite-related products to industrial and consumer markets globally. The Refractories segment produces and markets monolithic and shaped refractory materials and specialty products, services and application and measurement equipment. The Energy Services segment offers a range of services to improve the production, costs, compliance and environmental impact of activities performed in the oil and gas industry.


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1.63 (2.63%)
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Microsoft's stock surges to pace the Dow's gainers after Oppenheimer analyst turns bullish

8:13 am ET November 5, 2020 (MarketWatch)

Shares of Microsoft Corp. (MSFT) surged 2.8% in premarket trading Thursday, enough to pace all of the Dow Jones Industrial Average components in pre-open gains, after Oppenheimer analyst Timothy Horan turned bullish on the software behemoth, citing strong cloud demand (http://www.marketwatch.com/story/microsoft-earnings-easily-top-expectations-as-cloud-pc-businesses-continue-to-shine-during-pandemic-11603829963) in the fact of the COVID-19 pandemic. The stock's implied price gain would add about 40 points to the Dow's price, while Dow futures rallied 423 points, or 1.5%. Horan raised his rating to outperform, less than two months after downgrading it to perform, while establishing a price target of $260, which is 20% above Wednesday's closing price of $216.349. "Cloud growth has been more resilient than we expected despite enterprises hit hard by the pandemic, positive for [Microsoft's] revenue growth," Horan wrote in a note to clients. "Given industries accelerating their digitization strategies and less political uncertainty, we think now is a good entry point." The stock has run up 37.2% year to date through Wednesday, while the Dow has slipped 2.4%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 05, 2020 08:13 ET (13:13 GMT)

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