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Why Cracker Barrel (CBRL) Stock Is Trading Lower Today
Shares of restaurant company Cracker Barrel (NASDAQ:CBRL) fell 2.6% in the afternoon session after Bank of America Securities maintained its "Underperform" rating on the company and lowered its price target. The firm adjusted its price target down to $29.00 from $34.00. This move added to a pattern of cautious analyst outlooks for the restaurant chain.
Seagate Technology (STX) Stock Is Up, What You Need To Know
Shares of data storage manufacturer Seagate (NASDAQ:STX) jumped 2.9% in the afternoon session after analysts at Morgan Stanley and Benchmark raised their price targets on the stock, citing strong demand.
Why Lamb Weston (LW) Shares Are Sliding Today
Shares of potato products company Lamb Weston (NYSE:LW) fell 24.1% in the afternoon session after its fourth-quarter (fiscal Q2) results beat expectations but its full-year outlook fell short of analyst forecasts, raising concerns about future profitability.
Why BrightSpring Health Services (BTSG) Stock Is Trading Up Today
Shares of healthcare services provider BrightSpring Health Services (NASDAQ:BTSG) jumped 2.8% in the afternoon session after an analyst at Mizuho raised the firm's price target on the stock from $38 to $42.
Why Boeing (BA) Stock Is Trading Up Today
Shares of aerospace and defense company Boeing (NYSE:BA) jumped 3.4% in the afternoon session after JP Morgan raised its price target on the shares to $245 from $240. The firm kept its "Overweight" rating, signaling it expected the stock to perform well. JP Morgan cited a positive outlook for the aerospace sector, noting that with multi-year production backlogs for Boeing and Airbus, growing air traffic, and an aging global aircraft fleet, the environment for commercial airplane makers was favorable. The bank called Boeing a "top pick," stating the opportunity was straightforward: "the company must build and deliver more aircraft."
Why Tutor Perini (TPC) Stock Is Up Today
Shares of general contracting company Tutor Perini (NYSE:TPC) jumped 2.9% in the afternoon session after the company announced two significant contract awards through its subsidiary, Rudolph and Sletten, bolstering its project backlog.
Why Are Rocket Lab (RKLB) Shares Soaring Today
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 16.6% in the afternoon session after the stock's positive momentum continued as the U.S. Space Development Agency awarded the company a contract worth up to $805 million to provide 18 satellites for missile warning, tracking, and defense.
Why ABM (ABM) Stock Is Trading Lower Today
Shares of facility services provider ABM Industries (NYSE:ABM) fell 3.1% in the afternoon session after the stock's negative momentum continued as the company reported weaker-than-expected fiscal fourth-quarter earnings.
Rocket Companies (RKT) Stock Trades Up, Here Is Why
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 2.8% in the afternoon session after Jefferies initiated coverage on the company with a "Buy" rating and a $25.00 price target.
Why Gilead Sciences (GILD) Stock Is Up Today
Shares of biopharmaceutical company Gilead Sciences (NASDAQ:GILD) jumped 3.3% in the afternoon session after the stock's positive momentum continued as the company announced a series of positive developments, including successful late-stage trial results for a new HIV treatment, regulatory approval for another HIV drug in the U.K., and a new pricing agreement with the U.S. government.