An Apple sign on the Apple campus in Cupertino, California.
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Check out the companies that make headlines for trading at noon.
Apple — After Morgan Stanley’s Katy Huberty raised Apple’s price target from $ 164 to $ 200 and maintained its overweight reputation, tech giants saw its share skyrocket by more than 3%. Analysts believe that Apple’s new products, such as augmented reality headsets and self-driving cars, have not yet been incorporated into the stock price.
Tesla — Tesla’s share price rose 3.5% after UBS raised its share price target to $ 1,000. UBS predicts that “no rivals will approach Tesla in 2022.”
Starbucks — Starbucks shares rose nearly 3% after MKM partners upgraded their name from neutral to birating and raised their target price. The company said the recent slump in stocks created buying opportunities.
American Airlines – The airline’s stake increased by 1.5% after Doug Parker retired as CEO next year and announced on March 31 that the company’s president, Robert Isom, would replace him. Parker serves as Chairman of the Board of American Airlines.
AutoZone – AutoZone’s share rose 6.6% after auto parts retailers reported better quarterly reports. The company posted a quarterly profit of $ 25.69 per share, surpassing Refinitiv’s consensus estimate of $ 20.87. Revenues also exceeded expectations, with same-store sales increasing 13.6%.
Designer Brands — Designer brand shares surged more than 16% in noon trading after reporting higher-than-expected quarterly earnings. According to Refinitiv, the company reports revenue of 86 cents per share, well above the estimate of 56 cents per share. However, revenue missed an estimate.
GlaxoSmithKline – New data from early-stage studies show that monoclonal antibody therapy increased its share by more than 1% after stating that monoclonal antibody therapy was effective in treating all 37 identified variants of Omicron. I confirmed that.
Intel — Intel’s share price rose 4.6% after chip makers announced plans to unveil self-driving car units in mid-2022. The company acquired Israeli self-driving company Mobileye in 2017.
Acadia Pharmaceuticals — Acadia’s share increased by 9.4% after pharmaceutical companies announced positive results in late-stage trials of experimental treatment of Rett Syndrome, a hereditary disorder that primarily affects girl’s brain development. ..
Jack in the Box — Jack in the Box shares rose 5.4% after Deutsche Bank upgraded its shares to buy from Hold. The company liked the acquisition of Jack in the Box, a Mexican food chain, Del Taco.
Bumble — Bumble’s stock rose 11.4% after JP Morgan upgraded its stock from neutral to overweight after a meeting with company management. The company is more confident of the growth of dating app users.
— CNBC’s Maggie Fitzgerald, Yunley, and Tanayama Seal contributed to the report.
Apple, Tesla, Starbucks, etc.
Source link Apple, Tesla, Starbucks, etc.