Midday movers: Agilent, VMware, Lowe’s and more

Go back to Midday movers: Agilent, VMware, Lowe’s and more

Volkswagen to hike wages for U.S. workers by 11%

November 22, 2023 1:35 PM EST

German automaker, Volkswagen revealed Wednesday its decision to increase salaries for production workers at its Chattanooga assembly plant in Tennessee by 11%. This announcement comes weeks after the United Auto Workers union secured substantial pay and benefit raises from the Detroit Three automakers.

Volkswagen and other non-union automakers in the United States are facing escalating pressure to... More

New vehicle sales expected to grow 10% in November

November 22, 2023 9:35 AM EST

A recent report by industry analysts J.D. Power and GlobalData, published on Wednesday, projects that November's new-vehicle sales will hit 1,236,000 units, marking a significant 10.2% increase compared to the same period last year.

"Sales growth is being enabled by improving vehicle availability," said Thomas King, president of the data and... More

Burlington Stores (BURL) PT Raised to $157 at TD Cowen

November 22, 2023 6:25 AM EST

TD Cowen analyst John Kernan raised the price target on Burlington Stores (NYSE: BURL) to $157.00 (from $146.00) while maintaining a Market Perform rating.

The analyst commented, "Surprising issuance of a five-year plan that targets an acceleration and +500bps of cumulative operating margin expansion from FY22,... More