Gapping down
In reaction to disappointing earnings/guidance: RFIL -9.7%, LNDC -3.5%.
Other news: GYRO -5.7% (Bulldog Investors liquidates activist stake - amended 13D filing yesterday in late trade), BIOD -5.4% (modestly pulling back), JMBA -3.6% (enters into a master franchise development agreement with Foodmark to develop 80 Jamba Juice stores across the Middle East region over the next ten years; downgraded to Neutral from Outperform at Wedbush), TMUS-2.9% (AT&T confirms it will Offer T-Mobile Customers Up To $450 Per Line To Switch), GRPN -1.3% (completes acquisition of Ticket Monster for $260 mln in cash and stock), SAP -1% (still checking), VOD -0.2% ( in discussions to purchase stake in Tata Teleservices, according to reports).
Analyst comments: S -2.2% (downgraded to Sell at Stifel on valuation/skepticism of M&A prospects), SWIR -2.1% (downgraded to Equal Weight from Overweight at boutique firm), MU -1.7% (downgraded to Sector Perform at RBC Capital Mkts; tgt $19 ), JOY -1.5% (downgraded to Sell from Neutral at Goldman), EXC -1.4% ( downgraded to Sell from Neutral at Citigroup; downgraded to Underperform from Neutral at BofA/Merrill), FE -1.2% (downgraded to Sell from Neutral at Citigroup), ED -0.9% (downgraded to Neutral from Buy at Citigroup; target to $46 from $49 at Jefferies following New York PSC settlement ), GE -0.7% (downgraded to Perform from Outperform at Oppenheimer ; awarded $572.5 mln Navy contract), ETR -0.9% (downgraded to Sell from Neutral at Citigroup).
Other news: GYRO -5.7% (Bulldog Investors liquidates activist stake - amended 13D filing yesterday in late trade), BIOD -5.4% (modestly pulling back), JMBA -3.6% (enters into a master franchise development agreement with Foodmark to develop 80 Jamba Juice stores across the Middle East region over the next ten years; downgraded to Neutral from Outperform at Wedbush), TMUS-2.9% (AT&T confirms it will Offer T-Mobile Customers Up To $450 Per Line To Switch), GRPN -1.3% (completes acquisition of Ticket Monster for $260 mln in cash and stock), SAP -1% (still checking), VOD -0.2% ( in discussions to purchase stake in Tata Teleservices, according to reports).
Analyst comments: S -2.2% (downgraded to Sell at Stifel on valuation/skepticism of M&A prospects), SWIR -2.1% (downgraded to Equal Weight from Overweight at boutique firm), MU -1.7% (downgraded to Sector Perform at RBC Capital Mkts; tgt $19 ), JOY -1.5% (downgraded to Sell from Neutral at Goldman), EXC -1.4% ( downgraded to Sell from Neutral at Citigroup; downgraded to Underperform from Neutral at BofA/Merrill), FE -1.2% (downgraded to Sell from Neutral at Citigroup), ED -0.9% (downgraded to Neutral from Buy at Citigroup; target to $46 from $49 at Jefferies following New York PSC settlement ), GE -0.7% (downgraded to Perform from Outperform at Oppenheimer ; awarded $572.5 mln Navy contract), ETR -0.9% (downgraded to Sell from Neutral at Citigroup).