March 1, 2024

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Goldman, Pfizer, The Cheesecake Factory, Alibaba and more

Goldman, Pfizer, The Cheesecake Factory, Alibaba and more

The Cheesecake Factory in Louisville, Kentucky.

Andy Lyons | Getty Images

Check out the companies making the biggest moves in the middle of the day:

Goldman Sachs The bank fell more than 2% after that Reporting earnings per share and revenue That missed Wall Street estimates on Tuesday.

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Pfizer – Wells Fargo The pharmaceutical giant has slashedto an equal weight from the overweight on Monday, saying the company needs a reset from the pandemic to get shares to work again. Pfizer shares fell 1.25% in the primary market.

Morgan Stanley – Morgan Stanley Earnings exceeded Wall Street expectations Tuesday, thanks in part to Recording Wealth Management returns. Shares were 1% higher in the primary market.

Vodafone BT prices are up about 2% in the primary market. Ghana on Monday agreed to sell Vodafone its 70% stake in Vodafone Ghana to Telecel Group. On Thursday, it was Vodafone upgrade to buy From Bank of America, which said it was optimistic about the company’s prospects amid the departure of CEO Nick Read.

global payments — Morgan Stanley upgraded Global Payments to overweight from equal weight on Tuesday, citing a more favorable competitive background and attractive valuation, among other things. The company gained 2% in the primary market.

Church and Dwight – Morgan Stanley FMCG promotion To increase the weight from equal weight and raise the price target to $91 from $82. Church & Dwight gained more than 1% in the market.

The Cheesecake Factory The restaurant chain fell more than 3% after Citi downgraded its rating to “neutral from buy,” which said shares were close to its price target. Cheesecake was also downgraded to retain by Gordon Haskett.

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Bloomin Brands — Outback Steakhouse parent fell nearly 2% after being downgraded to hold by Gordon Haskett, which cited an increased risk/reward balance for the company.

Rocco Shares of Roku fell 1.8% after Truist downgraded the company to hold from a buy rating, saying the streaming stock is highly sensitive to a tough macro environment since a large portion of revenue is tied to advertising.

pop JMP Securities downgraded the company to market performer from market outperformer, citing decreased time spent on Snap and increased competition from Reels and YouTube shorts. Snap fell 1.4% on Premarket.

Ali Baba Activist investor Ryan Cohen has built a stake in the Chinese e-commerce giant, According to The Wall Street Journal. The report said Cohen is pushing the company to increase its share buyback program. Shares rose 0.5% in the primary market.

Reynolds Consumer Products Shares fell about 1.3% after Credit Suisse downgraded the home goods maker to neutral from outperforming, saying share gains were now confined to the share price.

whirlpool Shares fell 3% after Whirlpool said it would do so Divest the majority of its business in Europe, the Middle East and Africaand formed a new Europe-focused company with Turkish home appliance maker Arcelik. Whirlpool will own 25% of the new entity, while Arcelik will own 75%.

— CNBC’s Sam Sobin, Sarah Maine and Michael Blum contributed to reporting.