2019-12-12 08:57:12 | Fly Intel: Pre-market MoversHIGHER: Delta Air Lines (DAL), up 2% after announcing FY20 guidance at its annual investor day... General Electric (GE), up 2% after UBS analyst Markus Mittermaier assumed coverage of GE from prior analyst Damian Karas and upgraded the shares to Buy from Neutral with a price target of $14, up from $11.50. The shares are at a "positive inflection point" into 2020 given GE's successful de-levering, "strong" estimated earnings growth in 2020 and 2021, and a tripling of free cash flow to $2.3B next year led by Aviation and Healthcare, Mittermaier tells investors... Lumber Liquidators (LL), up 6% after raising FY19 adjusted operating margin expectations. UP AFTER EARNINGS: FormFactor (FORM), up 5%. DOWN AFTER EARNINGS: Ciena (CIEN), down 2%... Veru (VERU), down 12%... Lovesac (LOVE), down 11%... Lululemon (LULU), down 3%. ALSO LOWER: Akoustis (AKTS), down 13% after its 4.8M share spot secondary priced at $6.25. | |
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