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Check out the companies making headlines yesterday:
Freshpet (NASDAQ: FRPT): Pet food company Freshpet (NASDAQ: FRPT)
fell by 6.5% on Wednesday after
UBS maintained its 'Sell' rating and significantly lowered its price target for the company's shares. See our full article here.
HP (NYSE: HPQ): Personal computing and printing company HP (NYSE: HPQ) fell by 2.6% on Wednesday after
Evercore ISI downgraded the stock's rating to 'In Line' from 'Outperform', citing concerns about future demand. See our full article here.
Lyft (NASDAQ: LYFT): Ride sharing service Lyft (NASDAQ: LYFT)
rose by 4% on Wednesday after
the latest Producer Price Index (PPI) report came in softer than expected, fueling speculation of an imminent interest rate cut by the Federal Reserve. See our full article here.
AMD (NASDAQ: AMD): Computer processor maker AMD (NASDAQ: AMD)
rose by 3.9% on Wednesday after
a strong outlook from software giant Oracle (ORCL) fueled optimism for companies exposed to artificial intelligence demand. See our full article here.
DaVita (NYSE: DVA): Dialysis provider DaVita Inc. (NYSE: DVA)
fell by 3.1% on Wednesday after
markets pulled back, reversing early gains, as investor sentiment remained cautious despite a softer-than-expected inflation reading. See our full article here.