Gapping down
In reaction to disappointing earnings/guidance:
- BLKB -19% (lowers outlook), PPG -9.7% (issues downside Q3 guidance), UMC -1.7% (Sep revs) DHI -0.9% (reports prelim Q4 results)
Other news:
- AFMD -25.9% (placed AFM11 on clinical hold and notified authorities of its decision)
- IGC -15.3% (ongoing volatility - closed up 66% on Monday)
- SHW -4% (following PPG guidance)
- PRGO -2.6% (appoints Murray Kessler as Pres/CEO effective immediately; Uwe Roehrhoff steps down)
- PBR -1.2% (after Brazilian stocks outperformance following the first round of the country's presidential elections)
- GWRE -1.2% (coverage resumed/downgraded to Hold from Buy at Deutsche Bank)
Analyst comments:
- SEMG -4.1% (downgraded to Sell from Neutral at Goldman)
- KR -3.1% (downgraded to Sell from Hold at Deutsche Bank)
- MYL -3.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- SNAP -2.7% (Target lowered to 6.50 from 8.00 at MoffettNathanson)
- WHR -2.1% (downgraded to Neutral from Overweight at JP Morgan)
- WRK -1.8% (downgraded to Market Perform from Outperform at BMO Capital Mkts)
- IP -1.1% (downgraded to Market Perform from Outperform at BMO Capital Mkts)
- MPLX -1% (downgraded to Neutral from Buy at Goldman)
- COHR -1% (downgraded to Neutral from Buy at Longbow)
- MMP -0.9% (downgraded to Neutral from Buy at Goldman)
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