Check out the companies making headlines before the market opens. Ford Motor — Shares of the automaker rose 2.3% after Goldman Sachs upgraded the stock to buy from neutral. The company highlighted its growing software and services and super-heavy vehicles as potential drivers. Disney — Shares of the media company fell about 0.9% after Raymond James downgraded the company to “perform” from outperform. Analyst Rick Prentiss believes that Disney’s park business is facing pressure. CVS Health – CVS shares rose 2% after CNBC reported that it was working with advisers to conduct a strategic review of its business, citing people familiar with the matter. Reuters first reported that the company was exploring options, which could include a potential spinoff. Anheuser Busch InBev — The beverage maker rose 1.5% after Citigroup upgraded its stock to “buy” from “neutral”, highlighting improving margins and lower costs. The investment bank also believes Anheuser-Busch could announce a $1 billion stock buyback program. Clorox — Shares of Clorox rose more than 1.5% after Jefferies upgraded the home products company’s stock to “buy” from “hold.” The investment firm said Clorox is at a turning point and profits should rise going forward. Alphabet — Shares of Alphabet rose 1.2% after Pivotal initiated its coverage of the Google parent company with a buy rating, calling it “an attractive valuation under any realistic scenario.” The company’s $215 price target implies an upside of about 30% from Monday’s closing price. Boeing Co. – Boeing Co. shares fell about 1% after Bloomberg reported that the planemaker is considering raising at least $10 billion through the sale of new shares to replenish cash reserves hit by factory worker strikes. Pinterest – Shares of the online platform rose 3.3% after Goldman Sachs added Pinterest to its “American Conviction List.” The company said that as user growth trends improve, Pinterest is well-positioned to continue to compound revenue growth at mid- to high-teenage rates. HP – The information technology stock fell nearly 2% after Citi cut its rating to neutral. The company believes that the recovery of the PC market still faces challenges due to continued macroeconomic weakness. Alcoa — Shares of the aluminum company rose more than 3%. Bank of America raised its buy rating on the mining stock. The investment firm predicts a bullish outlook for aluminum prices in 2025, with strong global demand. Atlassian — Shares of the software product developer rose nearly 3% after Raymond James upgraded its shares to outperform, citing stronger expectations for cloud computing growth in fiscal 2025. Datadog — The cloud analytics company gained 1.7%. DA Davidson upgraded the stock to Buy and named Datadog a best-in-class brand. SharkNinja — Shares rose 1% after Oppenheimer debuted an outperform rating. The company calls SharkNinja “an attractive global consumer growth game.” —CNBC’s Sean Conlon, Sarah Min, Samantha Subin, Pia Singh, Michelle Fox and Jesse Pound contributed reporting
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved