Wendy's Cut to Hold by Stifel on Valuation After Surge
The 26% jump in Wendy's stock on Tuesday, part of a general gain for meme stocks, put it at a level that reflects Stifel's $25 price target.
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The 26% jump in Wendy's stock on Tuesday, part of a general gain for meme stocks, put it at a level that reflects Stifel's $25 price target.
FibroGen Tumbles on Earnings Miss, FDA Meeting Notice FibroGen shares are lower after the FDA says it wants to discuss the company's kidney-disease treatment. One analyst says investors should buy the dip. Author: FibroGen ( FGEN) - Get Report shares dropped on Tuesday after the biotech posted a wider-than-expected fourth-quarter loss and reported that regulators would convene an advisory meeting to discuss the kidney disease treatment roxadustat. Shares of the San Francisco company at last check were off 32% at $34.33. FibroGen and AstraZeneca ( AZN) - Get Report, its partner on roxad...
Spotify Expands to Developing Countries; Atlantic Cuts Rating Spotify says it is expanding to 85 new countries, mostly developing, in Asia, Africa, the Pacific and the Caribbean. Author: Spotify ( SPOT) - Get Report is planning to launch in 85 new markets, expanding the music and podcast streaming service to more than a billion more potential listeners. The Luxembourg company unveiled the plan during a livestream event featuring pop singer Justin Bieber as well as the U.K. royals Prince Harry and Meghan Markle. Most of the company's new markets are developing countries in Asia, Africa,...
BlackBerry shares have been volatile due to a targeted short squeeze, Canaccord Genuity says, downgrading the stock to sell.
GWPH) - Get Report for its treatments including cannabinoid-therapeutics for $7.2 billion in cash. The acquisition will bolster the combined company’s efforts to develop, produce and commercialize regulator-approved therapeutics that address a range of diseases, including epilepsy-related seizures associated with Lennox-Gastaut syndrome, Dravet syndrome and tuberous sclerosis complex. Investors have been bidding cannabis companies higher in hopes that federal legalization is possible. There also has been momentum in state-by-state legalization. In addition, Canopy Growth ( CGC) - Get Rep...