Pre-Open Stock Movers 10/11: (KMPH) (SUPN) (TWLO) Higher; (RCII) (ILMN) (LITE) Lower (more...)
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- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
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- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
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- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
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- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
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FBR Capital Cuts Price Target on Chatham Lodging Trust (CLDT) to $22 Following Company Update
October 11, 2016 11:07 AM EDTFBR Capital maintained a Market Perform rating on Chatham Lodging Trust (NYSE: CLDT), and cut the price target to $22.00 (from $23.00), following the company's updated outlook. The update shows that CLDT is expecting weak 3Q16 results, mainly driven by a 21% RevPAR decline across six hotels. Management will host its 3Q16 earnings call at 10 a.m. November 3, and we will be hosting a meeting with... More
Canaccord Genuity Cuts Price Target on Illumina (ILMN) to $135 Following Weak 3Q Preannouncement
October 11, 2016 9:53 AM EDTCanaccord Genuity maintained a Hold rating on Illumina (NASDAQ: ILMN), and cut the price target to $135.00 (from $165.00), following the company's 3Q preannouncement. After the close, ILMN preannounced revenues of ~$607M, ~$21M below the Street's $628M and the $625-630M guide. ILMN did not report adjusted EPS but the revenue shortfall implies EPS of $0.87, below the Street's $0.91 estimate.
Analyst Mark... More
