Gapping down
In reaction to strong earnings/guidance:
- SFIX -19.6%, PEP -1%
M&A news:
- ARNC -2.9% (to sell Texarkana, Texas rolling mill to Ta Chen International for approx $300 mln in cash plus contingent consideration of up to $50 mln; expected to close in the fourth quarter)
Other news:
- GWPH -2.4% (announces $300 mln proposed public offering of ADSs )
- UTX -1.4% (Justice Department confirms will require UTX to divest two aerospace businesses to proceed with acquisition of Rockwell Collins)
- TPX -0.6% (following late decline on reports of AMZN selling mattresses)
Analyst comments:
- MDB -3.9% (downgraded to Reduce from Neutral at Nomura)
- WHR -3.4% (initiated with a Sell at Goldman)
- VNE -3.2% (downgraded to Sell from Neutral at UBS)
- EW -2.8% (downgraded to Neutral from Buy at Guggenheim)
- SKX -2.3% (downgraded to Neutral from Buy at Citigroup)
- X -2.1% (downgraded to Hold from Buy at Deutsche Bank)
- CENX -2% (downgraded to Hold from Buy at Deutsche Bank)
- SERV -1.9% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- BECN -1.8% (downgraded to Neutral from Outperform at Robert W. Baird)
- COP -0.7% (downgraded to Neutral from Buy at Goldman)
- MS -0.6% (downgraded to Hold from Buy at HSBC Securities)
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