— Shares of the software company slid more than 12% following the company's analyst day on Tuesday. Stifel cut its target on the stock to $180 from $210, saying the "premium valuation" causes the firm to "remain on the sidelines." Analysts at RBC also lowered their target to $212 from $225.
— Shares of U.S. Bancorp rose 2% after the regional bank beat on the top and bottom lines of its third-quarter earnings. The firm reported earnings per share of $1.15 on revenue of $5.920 billion. Wall Street forecast earnings per share of $1.11 on revenue of $5.815, according to Refinitiv.
Manipulated by Boeing
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: Bank of America, Bank of NY Mellon, MGM Resorts & moreThese are the stocks posting the largest moves before the bell. Is the mythical Phase 1 of the China trade “deal” finalized and signed? I don’t believe promises to buy more soybeans. And I don’t buy realDonaldTrump bluster. Please report on the trade war with China.
Source: CNBC - 🏆 12. / 72 Read more »
Three before you leave — What to watch for Wednesday including Netflix, Bank of America earningsWe'll get earnings from Bank of America and Netflix, as well as retail sales on Wednesday
Source: CNBC - 🏆 12. / 72 Read more »
Bank of America is set to report third-quarter earnings — here's what the Street expectsUnder Moynihan, the firm has steadily trimmed expenses while holding the line on or increasing revenue. This network suffers so badly from TDS, that now everything they report is potential FakeNews because they just can’t help themselves!
Source: CNBC - 🏆 12. / 72 Read more »