The Spotify app on an iPhone.
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Intuitive Surgical – Shares of Intuitive Surgical rose 3.5% after Piper Sandler on Monday upgraded the medical inventory to chubby from impartial. The agency stated the “latest pullback affords buyers a gorgeous entry level right into a premier medtech identify.”
Align Expertise — Shares of the dental firm popped greater than 7% in noon buying and selling after Morgan Stanley initiated protection of Align Expertise as chubby. “ALGN is properly positioned within the fastest-growing phase of the Dental market with its main place in clear aligners,” the agency stated. The financial institution gave the inventory a $575 per share worth goal.
Kellogg — Shares of the meals firm ticked 2.8% decrease in noon buying and selling after BMO downgraded Kellogg to market carry out from outperform. The Wall Road agency stated that it sees cereal “challenges” forward.
Enphase Vitality — Enphase Vitality shares surged 10% after the corporate, which makes microinverters and backup vitality storage for photo voltaic methods, introduced an expansion of battery storage in Massachusetts.
Citrix Methods — Citrix shares fell 3.7% after stories that the cloud-computing firm will probably be taken non-public in an all-cash deal worth $16.5 billion, including debt. Vista Fairness Companions and an affiliate of Elliott Administration are buying Citrix for $104 per share, in response to The Wall Road Journal.
BlackBerry – BlackBerry shares added 4.7% after the communications software company announced a deal to promote its legacy patents for $600 million. The noncore patent belongings embody cell gadgets, messaging and wi-fi networking. Catapult, a particular function car, was shaped to amass the BlackBerry patents.
Otis Worldwide – Shares of the elevator firm rose greater than 2% after Otis reported 72 cents in earnings per share for the fourth quarter, 4 cents forward of estimates, in response to Refinitiv. The corporate missed on income estimates however stated it anticipated gross sales and working margins to develop in 2022.
Walgreens – Walgreens shares dipped about 2% after Bloomberg reported the corporate has began the gross sales course of for its Boots worldwide drugstore unit. Further buyout corporations, resembling Sycamore Companions, are reportedly contemplating bids.
— CNBC’s Leslie Joseph, Yun Li, Tanaya Macheel, Margaret Fitzgerald and Jesse Pound contributed reporting