Notable Analyst Rating Changes 8/23: (CF) (FBNC) (OA) Upgraded; (RMC) (FHN) (OAS) Downgraded
- Futures falter as Meta Platforms weighs on megacaps
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen at multi-decade lows, dollar drops before US data
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Oppenheimer Cuts Price Target on Kroger (KR) to $40 Ahead of 2Q
August 24, 2016 9:54 AM EDTOppenheimer maintained an Outperform rating on Kroger (NYSE: KR), and cut the price target to $40.00 (from $42.00), ahead of the company's 2Q earnings report. Sentiment remains negative toward KR shares as Oppenheimer expects management will likely cut both Comp and EPS guidance.
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