قالب وردپرس درنا توس
Home / Business / Bed Bath & Beyond, Apple, Newell Brands

Bed Bath & Beyond, Apple, Newell Brands



Shoppers walk out of a Bed Bath & Beyond store in New York.

Michael Nagle | Bloomberg | Getty Images

Check out companies as headlines in afternoon trading:

Bed Bath & Beyond – Shares of Bed Bath & Beyond jumped 7% after WedBush upgraded its home-based retailer to outperform the neutral, the renewed board said has led to improved management. WedBush also said the company could name a "well-regarded and highly experienced" CEO during the revenue cut Wednesday.

Apple ̵

1; Shares of Apple rose more than 2% after JP Morgan raised its price target to $ 265 per share from $ 243 a share, representing 20% ​​upside for the stock. The company said sales of Apple's new line of iPhones are stronger than expected.

Newell Brands – Consumer and Commercial Distributor Shares Newell Brands rose 6% following an upgrade to buy from SunTrust on hold. The company raised its price target to $ 25 per share from $ 15 per share and said the company is on the verge of a turnaround.

Thor Industries – Shares of Thor Industries rose more than 21%, in line with its best trading day since September 2011, after reporting better-than-expected earnings for the fourth quarter. Earnings per share were $ 1.67 and top estimates were $ 1.43, according to Refinitive. The manufacturer of recreational vehicles stock jump higher comes despite lower than expected sales, which showed particular weakness in North America for both towable and motorized motorhomes.

Seattle Genetics —Shares of Seattle Genetics rose 12% after the company unveiled a positive trial results for its tucatinib drug in the treatment of metastatic colon cancer.

Dova Pharmaceuticals – Dova Pharmaceuticals skyrocketed more than 38% after biopharmaceutical Swedish Orphan Biovitrum announced it would acquire Dova for more than $ 900 million, or $ 29 per share. The agreement is expected to conclude in the fourth quarter of this year.

Cal-Maine Foods – Egg manufacturer Cal-Maine Foods crater 11% after disappointing first-quarter earnings. The company reported a loss of 94 cents on revenue of $ 241.2 million. Wall Street projected a loss of 85 cents on revenue of $ 254.5 million, according to Refinitive. Cal-Maine cited a significant fall in egg prices due to an oversupply of eggs in the United States

—CNBC & # 39; s Yun Li, Fred Imbert and [19659012] JR Reed contributed to this report.


Source link