An Apple sign on the Apple campus in Cupertino, California.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that make headlines for trading at noon.
Apple — Technology giants have since confirmed that their share has skyrocketed by more than 3%. Katy Huberty of Morgan Stanley Raises Apple’s Price Target It went from $ 164 to $ 200 and maintained its overweight rating. Analysts believe that Apple’s new products, such as augmented reality headsets and self-driving cars, have not yet been incorporated into the stock price.
Starbucks — Starbucks shares have since risen nearly 3% MKM Partner has been upgraded Raised the name to valuation of buys from neutral and its price target for stocks. The company said the recent slump in stocks created buying opportunities.
American Airlines – The airline’s stake increased by 1.5% after Doug Parker retired as CEO next year and announced on March 31 that the company’s president, Robert Isom, would replace him. Parker will continue to serve as Chairman of the American Board of Directors.
AutoZone – AutoZone’s share rose 6.6% after auto parts retailers reported better quarterly reports than expected. The company posted a quarterly profit of $ 25.69 per share, surpassing Refinitiv’s consensus estimate of $ 20.87. Revenues also exceeded expectations, with same-store sales increasing 13.6%.
Designer brand — Designer brand share surged more than 16% in noon trading after reporting higher-than-expected quarterly earnings. According to Refinitiv, the company reports revenue of 86 cents per share, well above the estimate of 56 cents per share. However, revenue missed an estimate.
GlaxoSmithKline – UK pharmaceutical companies have increased their market share by more than 1% after announcing monoclonal antibody therapy. Effective in treating all 37 identified mutations in Omicron, According to new data from early stage research.
Acadia Pharmaceutical — Acadia shares rose 9.4% after pharmaceutical companies Announce positive results It is a late-stage trial of experimental treatment for Rett syndrome and is a hereditary disorder that primarily affects the development of the girl’s brain.
Bumble — Bumble’s share has since risen 11.4% JP Morgan has upgraded its shares to overweight From neutral after a meeting with the company’s management. The company is more confident of the growth of dating app users.
— CNBC’s Maggie Fitzgerald, Yunley, and Tanayama Seal contributed to the report.
Apple, Tesla, Starbucks, etc.
Source link Apple, Tesla, Starbucks, etc.