2018-09-19 09:02:44 | Fly Intel: Pre-market MoversHIGHER: Tilray (TLRY), up 48% following CEO Brendan Kennedy's appearance last night on Jim Cramer's Mad Money... Command Security (MOC), up 46% after signing a definitive agreement to be acquired by Prosegur SIS, a wholly-owned subsidiary of Prosegur, for $2.85 in cash per share... SunPower (SPWR), up 7% after receiving a solar tariff exclusion... Juniper (JNPR), up 2% after Nomura Instinet analyst Jeffrey Kvaal upgraded the stock to Buy from Neutral and raised his price target for the shares to $34 from $28. The analyst believes Juniper "will finally be able to catch the webscale capex growth tailwind in 2019."... Aerpio (ARPO), up 2% after Guggenheim analyst Adnan Butt started the stock with a Buy rating and $10 price target... MGM Resorts (MGM), up 1.5% after the New York Post reported that Starboard Value took at least a $500M stake in the casino chain. LOWER: LyondellBasell (LYB), down 2.5% after JPMorgan analyst Jeffrey Zekauskas downgraded the stock to Underweight from Neutral and lowered his price target for the shares to $95 from $110. Consensus expectations have the company facing a "shallow trough" in petrochemical pricing leading to flat to lower consolidated EBITDA in 2019, Zekauskas tells investors... G1 Therapeutics (GTHX), down 9% after a 3M share secondary priced at $60.00 per share... Novartis (NVS), down 1% after the U.K.'s National Institute for Health and Care Excellence said it "encourages further discussions on Kymriah for adult lymphoma," but in draft guidance, NICE says "CAR-T is too expensive to recommend as a treatment for adults with lymphoma."... Resolute Forest (RFP), down 1% after the stock was downgraded to Neutral from Outperform at CIBC. | |
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