Shoppers close a Bed Bath & Beyond Inc. store in New York, USA
Michael Nagle | Bloomberg | Getty Images
Check out the companies heading Thursday:
Bed Bath & Beyond – Shares of Bed Bath & Beyond hovered as much as 24% after retailer announced Mark Tritton would become the new president and CEO. effective November 4th. Tritton will join Bed Bath & Beyond from Target, where he has led many recent store updates.
Cisco Systems ̵
Apple – An analyst at Longbow upgraded Apple to buy from neutral amid growing demand for the new iPhone models. "Given increased iPhone production to match better than expected demand, especially for iPhone 11, we see AAPL beat FY4Q guidance," the analyst said in a note. Apple shares rose more than 1%.
Morgan Stanley – The bank giant's shares rose 2.1% after an analyst at Sandler O & # 39; Neill upgraded it to buy off hold because the valuation in relation to other banks is "unjustified."
Delta Air Lines – Delta Air Lines shares fell more than 3% after the airline said they expect costs, excluding fuel, to rise as much as 5% in the fourth quarter. Delta's earnings projections for the next quarter were no less than expected. It projected earnings per share of $ 1.20 to $ 1.50, against analysts' estimate of $ 1.51 per share.
Kroger – Jefferies downgraded the supermarket chain to keep from buying, bringing Kroger shares down by about 2%. "We check out as confidence in KR's [long-term] grocery strategy and management's ability to communicate effectively," according to Jefferies.
PG&E – Shares of the embattled California utility plunged more than 20% after a judge opened the door to a bankruptcy plan competing with a Elliott Management executive.
—CNBC's Yun Li contributed to this report.