2019-09-20 08:59:10 | Fly Intel: Pre-market MoversHIGHER: McDermott (MDR), up 56% after announcing that it recently received unsolicited approaches to acquire all or part of Lummus Technology, with valuations exceeding $2.5B... California Resources (CRC), up 23% after Bloomberg reported the company said it is not considering restructuring, refuting a report published yesterday afternoon... Etsy (ETSY), up 2% after RBC Capital analyst Shweta Khajuria upgraded shares to Outperform from Sector Perform with a price target of $68. The analyst, who admits there's some risk to estimates in the second half of 2019, views the stock's risk/reward as attractive. UP AFTER EARNINGS: Steelcase (SCS), up 3%. LOWER: Xilinx (XLNX), down 3% after announcing CFO Lorenzo Flores is stepping down in October... Wayfair (W), down 2% after Berenberg analyst Graham Renwick initiated coverage of the stock with a Sell rating and $100 price target. Wayfair has been a success story and "disruptive force" in home and living, however its "first-mover advantages are being eroded as competition intensifies," Renwick tells investors in a research note. | |
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