$DigitalOcean (DOCN.US)$ — Shares rose 6.1% after Needham in...
$DigitalOcean (DOCN.US)$ — Shares rose 6.1% after Needham initiated the stock as a buy and said it expects its consumption-based model and initiatives "to land larger customers and better mine the market opportunity." It also said the cloud infrastructure company's managed services offerings can help its revenue growth in the medium-term.
$Express (EXPR.US)$ — The apparel retailer rallied more than 38% after announcing a strategic partnership with brand management firm WHP Global. CEO Tim Baxter said the partnership will "drive greater scale and profitability" and strengthen its balance sheet
$PVH Corp (PVH.US)$ — The Tommy Hilfiger parent added 2.7% after UBS named the company a top pick. UBS said it was one of the most likely to beat expectations in earnings next year from a list of about 40 stocks, while also saying it had faith in its business transformation plan.
$C3.ai (AI.US)$ — Shares gained more than 7% after C3.ai surpassed estimates in its latest earnings report. The enterprise artificial intelligence software company reported a loss of 11 cents per share on revenue of $62.4 million. Analysts polled by Refinitiv were forecasting a loss of 16 cents per share on revenue of $60.9 million.
$Lincoln National (LNC.US)$ — Shares dropped 10.1% following commentary that Lincoln National would pause buybacks in 2023 during a presentation at the Goldman Sachs Financial Services Conference, according to FactSet’s StreetAccount.
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