Today's Morning Movers and Top Ratings: SEDG, HD, M, UNP and More
Morning Movers
Gapping up
$Macy's (M.US)$ Shares of the department store giant added 2% in premarket trading after the company over the weekend rejected a $5.8 billion proposal by Arkhouse Management and partner Brigade Capital Management to take the retailer private. Macy’s cited concerns over deal financing and valuation.
$International Flavors & Fragrances (IFF.US)$ Shares added 1.9% after Morgan Stanley upgraded the fragrance company to overweight from equal weight, citing an end to the stock's downgrade cycle and bottoming of the consumer cycle as catalysts for share price growth.
$SolarEdge Technologies (SEDG.US)$ Shares gained more than 5% after the solar company said it will cut 16% of its workforce as it looks to reduce operating expenses.
Gapping down
$B. Riley Financial (RILY.US)$ The financial services stock sank nearly 14% following a Bloomberg report that the U.S. Securities and Exchange Commission is investigating the company’s deals with a client connected to securities fraud.
$Boeing (BA.US)$ The airline stock slid 1.8% after the U.S. Federal Aviation Administration recommended operators visually inspect the mid-exit door plugs of Boeing 737-900ER aircraft, which are similar to the ones grounded after the Alaska Airlines flight emergency.
$Home Depot (HD.US)$ $Lowe's Companies (LOW.US)$ Shares fell about 0.7% each after Oppenheimer downgraded the home improvement giants to market perform from an outperform rating, citing a complicated short-term setup.
Source: CNBC; Investing.com
US Top Rating Updates on 01/22
Source: Dow Jones
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