Fly Intel: Pre-market Movers - InvestingChannel

Fly Intel: Pre-market Movers

HIGHER: Accuray (ARAY), up 10% after BTIG analyst Marie Thibault upgraded shares to Buy from Neutral with a $9.50 price target. The analyst notes that the company’s long-term revenue growth outlook of 8%-12% announced last week, driven in large part by the contribution from China, is “significantly higher” than its historical performance and the low-to-single digit growth anticipated by consensus. UP AFTER EARNINGS: Halliburton (HAL), up 1%. DOWN AFTER EARNINGS: UBS (UBS), down 4%… TAL Education (TAL), down 8%. ALSO LOWER: McDermott (MDR), down 14% after announcing that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the company’s funded debt, eliminating over $4.6B of debt. The restructuring transaction will be implemented through a prepackaged Chapter 11 process that will be financed by a debtor-in-possession financing facility of $2.81B… Las Vegas Sands (LVS), down 5% after Morgan Stanley analyst Thomas Allen downgraded the stock to Equal Weight from Overweight. He continues to see the stock as “the mass market play on Macau” and his Macau mass market growth forecast for 2020 trails what Consensus Metrix suggests is the U.S. analyst forecast average… Orgenesis (ORGS), down 7% after announcing it has entered into a definitive securities purchase agreement for the sale of 2,200,000 shares of the company’s common stock in a private placement at a purchase price of $4.20 per share and warrants to purchase up to 1,000,000 shares of common stock at an exercise price of $5.50 per share… Lumber Liquidators (LL), down 6% after Morgan Stanley analyst Simeon Gutman downgraded shares to Underweight from Equal Weight with a price target of $5, down from $9.