Gapping down
In reaction to disappointing earnings/guidance:
- AVYA -10.6%
Other news:
- SNN -5% (NuVasive said to be in talks to be acquired by Smith & Nephew (SNN), according to the FT)
- BCS -1.2% (reports some investors want Board shakeup at Barclays)
- MTCH -1% (prices upsized offering $350 mln of 5.625% senior notes due 2029)
Analyst comments:
- CVLT -3.6% (downgraded to Neutral from Overweight at Piper Jaffray)
- BBBY -3.2% (downgraded to Sell from Hold at Loop Capital)
- ARMK -2.4% (downgraded to Neutral at Goldman; removed from Conviction Buy List)
- GT -1.8% (downgraded to Underperform from Neutral at Longbow)
- AYX -1.6% (downgraded to Neutral from Outperform at Wedbush)
- NVDA -1.3% (target lowered to $200 from $244 at Citigroup, replaced as Top Pick; downgraded to Mkt Perform from Outperform at Bernstein)