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Today's Morning Movers and Top Ratings: MSFT, ZI, AAL, HSY and More

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Movers and Shakers wrote a column · Jan 29 07:19
Morning Movers
Gapping up
$ZoomInfo(ZI.US)$ The software stock popped 5.5% after Bank of America analyst Koji Ikeda upgraded it to buy from neutral. “We believe it is a classic self-help story that is set to outperform,” the analyst wrote, underscoring the company’s revenue growth reacceleration and new AI products as potential catalysts.
$Boeing(BA.US)$ stock rose 0.9% after Ryanair, Europe's largest airline by passenger numbers, said if any U.S. customers refuse to take delivery of 737 MAX 10 aircraft, that it would buy them "at the right price."
$Microsoft(MSFT.US)$ stock rose 0.7% ahead of Tuesday's quarterly results, with investors confident that the software giant is set to report its best revenue growth in nearly two years, thanks to its early lead in artificial intelligence.
$Intel(INTC.US)$ stock rose 0.4%, attempting to bounce after last week's disappointing numbers resulted in a slump of almost 12% on Friday.
$Tesla(TSLA.US)$ stock rose 1%, recovering to a degree after last week's slump in the wake of CEO Elon Musk warning about slower sales growth despite price cuts that have already negatively affected margins.
$American Airlines(AAL.US)$ stock rose 1.5% after Citi upgraded its stance on the carrier to buy from neutral, citing its diversified revenue streams and strong demand for its premium cabin services.
$SoFi Technologies(SOFI.US)$ stock rose 10% after the personal finance company reported strong fourth-quarter earnings, helped by surging lending volumes.
$Dollar Tree(DLTR.US)$ Shares of the discount retailer popped nearly 2% after JPMorgan upgraded them to overweight from neutral. The bank cited higher profitability and a larger total addressable market as potential tailwinds.
$Hershey(HSY.US)$ The chocolate stock added 1.4% following an upgrade to outperform from market perform at AllianceBernstein. As catalysts for the change, the investment firm cited tailwinds such as improving market share and volume trends, continued strong top-line growth and an attractive valuation.
Gapping down
$Royal Philips(PHG.US)$ ADRs fell 7% after the Dutch medical devices manufacturer halted sales of its sleep apnoea machines in the U.S., setting aside almost $400 million in the fourth quarter to fix long-running issues, after a deal with U.S. authorities.
$Warner Bros Discovery(WBD.US)$ Shares slid 1.6% after Wells Fargo downgraded the media and entertainment company to equal weight from overweight. Analyst Steven Cahall cited higher amortization, a less favorable M&A environment and ad migration as reasons for a flattening multiple.
$Albemarle(ALB.US)$ Shares of the chemical company fell about 1% after TD Cowen downgraded Albemarle to market perform from outperform. The investment firm said the company is dealing with uncertainty around cash flow and needs lithium prices to rebound.
Source: CNBC; Investing.com
US Top Rating Updates on 01/29
Today's Morning Movers and Top Ratings: MSFT, ZI, AAL, HSY and More
Source: Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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