2019-10-14 09:21:28 | Fly Intel: Pre-market MoversHIGHER: Aecom (ACM), up 8% after announcing the sale of its management services business to affiliates of American Securities and Lindsay Goldberg for a purchase price of $2.41B and issuing FY19 guidance... Dorian LPG (LPG), up 4% after DNB Markets analyst Nicolay Dyvik upgraded the stock to Buy from Hold with a $16.30 price target... Lyft (LYFT), up 1% after Reuters reported the company has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers... Western Digital (WDC), up 2% after Loop Capital analyst Ananda Baruah upgraded shares to Buy from Hold with a price target of $75, up from $50. The analyst cites his findings that flash memory average selling prices are set to increase starting in the September and December quarters while also sustaining those increases in 2020, along with expectations of strong hyperscale HDD demand next year... LOWER: Flexion (FLXN), down 5% after announcing the FDA has informed the company it needs additional time to complete the review of the supplemental new drug application for Zilretta... TD Ameritrade (AMTD), down 2% after Citi analyst William Katz downgraded the stock to Sell from Neutral with a price target of $27, down from $35.50. The analyst expects "another leg down" in the shares given the commission wars among the electric brokers that he believes is not fully factored into the stock... IPG Photonics (IPGP), down 4% after Needham analyst James Ricchiuti downgraded shares to Hold from Buy, citing signs of a "stagnant" global manufacturing environment along with continued competitive concerns. | |
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