Business

MGM Resorts, Airbnb, Enphase Energy, etc.

The Airbnb logo will appear on March 12, 2019 in a small mini-pyramid under the glass pyramid of the Louvre Museum in Paris, France.

Charles Platyau | Reuters

Check out the companies that make headlines for trading at noon.

MGM Resorts — After Credit Suisse, MGM Resort’s share surged 9.6% upgrade Casino stocks that outperform from neutral. The company said MGM’s new business and strong cash flow should make it an attractive stock for investors. Credit Suisse said, “MGM has undergone a transformation and has recently announced four transactions, but believes the market is not giving full credit.”

Cureback – German biotechnology company stocks have since fallen 4.6% Withdrawal of application for Covid-19 vaccine In Europe, following the European Medicines Agency’s decision not to proceed with the CureVac approval process as soon as possible.

Photovoltaic Inventories — Solar PV inventories are declining this week amid global concerns about energy shortages. Enphase Energy Although it increased by 5.3%, Sanran Recovered 8.5%.

Airbnb — Accommodation rental company stocks surged 3.7% after Cohen upgrade Stocks that outperform the market perform well. The Wall Street company said Airbnb’s growth next year will exceed expectations amid strong demand for alternative accommodation. Cohen has raised its Airbnb target price from $ 160 to $ 220 per share.

Nike — Sportswear company shares rose 2% after Goldman Sachs Start stock coverage with purchase rating.. The company said inventory could still be upside as Nike is likely to benefit from more wellness-focused customers.

Signet Jeweler — The stock price of jewelery retailers fell 0.5% after the company announced that it had acquired rival Diamonds Direct for $ 490 million in cash. SIgnet said the acquisition would quickly increase the company’s bottom line.

Fastenal – Fastenal’s share price rose 3.1% following the company’s third-quarter earnings report. Refinitiv estimates that industrial product makers earned 42 cents per share, which was in line with Wall Street’s expectations. Revenues were $ 1.55 billion, slightly above the analysts’ expectations of $ 1.54 billion.

General Electric — After JP Morgan, stocks in industrial companies fell 1.3% Repeated neutral valuation of stocks.. JP Morgan analyst Stephen Tusa said stock prices seem to be overvalued, even if they adopt the more optimistic forecasts offered by other analysts.

— Reports from CNBC’s Hannah Miao, Jesse Pound, Tanaya Macheel and Yun Li.

MGM Resorts, Airbnb, Enphase Energy, etc.

Source link MGM Resorts, Airbnb, Enphase Energy, etc.

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