Check out the companies making the biggest moves midday. RH — The luxury retailer surged 17.2% after offering strong full-year forecasts for demand and revenue growth. That allowed investors to look past a fourth-quarter earnings report that came in below expectations. Estée Lauder — Shares jumped more than 6% after Bank of America upgraded them to buy from neutral. The firm highlighted improving profitability, new products and rising presence in the prestige beauty sector.
Its full-year guidance was for an 8 cent to 12 cent loss per share, compared to the consensus estimate of a 2 cent loss. Allstate — The insurance company gained nearly 2% on the back of an HSBC upgrade to buy from hold. The bank cited Allstate's "decisive management actions" and a less restrictive regulatory backdrop for the call. — CNBC's Alex Harring, Hakyung Kim and Pia Singh contributed reporting.— The luxury retailer surged 17.
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Source: CNBC - 🏆 12. / 72 Read more »