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U.S. Steel Falls As Recovery In Energy Sector Falters
Shares of U.S. Steel closed lower, along with the price of crude oil. With U.S. Steel's prospects so closely tied to crude prices, shares of the steel maker fell with the drop in crude, after stockpiles dropped less than expected in the latest week.
Finisar Plunges After MKM Reports 'Surprisingly Negative' Checks
Shares of optical component maker Finisar have been weak since the open today after MKM Partners lowered estimates, pointing to its "surprisingly negative" channel checks.
Credit Suisse Gets Bullish On Coca-Cola With Many M&A Opportunities Seen
Credit Suisse analyst Laurent Grandet upgraded Coca-Cola to Outperform, citing the arrival of incoming CEO James Quincey, who takes over next month, and the company's nearly complete refranchising.
Analyst Sees Wayfair As Takeover Target After Chewy.com Acquisition
Following PetSmart's "pricey acquisition" of online pet supplies retailer Chewy.com yesterday for an estimated $3.35B, Wedbush analyst Seth Basham argued that Wayfair could be the next takeover target in online commerce.
Coca-Cola Upgraded To Outperform From Neutral At Credit Suisse
Credit Suisse analyst Laurent Grandet upgraded Coca-Cola to Outperform and raised his price target for the shares to $49 from $44.
Dish Spectrum Splurge May Lower M&A Chances, Macquarie Says
Too much spectrum could make Dish "harder to swallow" for a potential acquirer.
Piper Tells Investors To 'Revisit' 3D Printing, Ups Stratasys To Buy
Demand for 3D printer systems and for materials used in the printers rose slightly last quarter compared with the previous quarter, according to research firm Piper Jaffray.
JPMorgan Ups Netflix Target To $178 Following Q1 Results
While content timing can shift subscriber additions quarter by quarter, the underlying secular trend toward Internet TV "remains very strong," Anmuth tells investors in a research note.
Cardinal Health To Acquire Patient Product Portfolio From Medtronic For $6.1B
Cardinal Health announced that it has entered into a definitive agreement to acquire Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1B in cash.
Incyte, Eli Lilly Plunge After FDA Won't Approve Arthritis Drug
Shares of drugmaker Incyte (INCY) and mega-cap partner Eli Lilly (LLY​) are sliding after the Food and Drug Administration rejected their application for rheumatoid arthritis therapy baricitinib in its current form, due to safety concerns.
This Week In Review: How Trump's Policies Moved Stocks
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap.
Analyst Defends Glaukos After Reimbursement Cut Recommended
After Noridian, a Medicare administrator, proposed drastically lowering the physician reimbursement rate for Glaukos' iStent implant, Wells Fargo sees the reduction as unjustified.
RBC Comments On Disney As Apple Takeover Speculation 'Creeps In'
RBC Capital analyst Steven Cahall contends that investors are increasingly discussing how Disney could be an acquisition target for Apple in the event of cash repatriation.
Biogen Licenses Phase 2 Anti-Tau Antibody From Bristol-Myers
With an expanded AD pipeline that includes a range of anti-tau and anti-amyloid candidates as well as a BACE inhibitor program, Biogen is targeting multiple mechanisms implicated in the disease.
Rockwell Collins Completes Acquisition Of B/E Aerospace For $8.6B
Rockwell Collins announced it has successfully completed the acquisition of B/E Aerospace, a manufacturer of aircraft cabin interior products and services, for $8.6 billion in total consideration, including debt assumed.
Piper Ups Facebook Target, More Cautious On Snap After Survey
Piper Jaffray analyst Samuel Kemp raised his price target for Facebook shares to $160 from $150 after surveying 860 U.S. Instagram users to gauge engagement with its ephemeral photo/video messaging release.
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