Check out the companies making headlines on Monday lunchtime:
Dillards The retailer’s shares rose more than 32% after one of Warren Buffett’s top lieutenants announced an interest in the company. Ted Weschler’s stake is over 1 million shares, or about 5.89% of the shares outstandingafter a securities registration.
Twitter – Twitter stocks rose more than 4% after a The Deutsche Bank analyst upgraded social media stock to buy from the hold. “We’re now hearing more positive feedback on the advertising channel and would take the opportunity to build a position now,” said the analyst, who raised his price target on Twitter from $ 36 per share to $ 56 per share. The new target implies an upward trend of 22% over the next 12 months.
Twilio – Twilio rose more than 5% after the cloud communications company announced the acquisition of Segment, a customer data infrastructure company. for $ 3.2 billion in stock. The deal is expected to close in late 2020.
PepsiCo – An analyst at PepsiCo has switched PepsiCo to neutral, pointing out “constant organic sales growth” and a low operating margin compared to its competitors. “After nearly five years of relative underperformance, we think now is the time to buy PEP,” said the analyst. PepsiCo stock rose nearly 3%.
Levi Strauss Morgan Stanley upgrades Levi Strauss from equal weight to overweight and increases stock by 5%. Analysts for the bank noted that “the impressive sales acceleration and positive EPS of the third quarter underscore management’s quick response to a stressed retail environment.”
DouYu International – Shares in China’s live video streaming service DouYu rose more than 11% after it was revealed that Huya, a China-based video game publisher, will close an all-stock deal. The merger is expected to close in the first half of 2021.
Ford engine – Old auto stocks rose more than 6% after Benchmark updated the name to buy from hold. The investment firm said in a notice to clients that new products and low inventory should give the company momentum as it moves into 2021.
alphabet Alphabet shares rose more than 3% after Deutsche Bank raised its target price for the tech giant from $ 1,975 per share to 2,020 per share, up 34% from Friday’s close. The analyst expects Google Sites revenue growth to accelerate to 12.1% while YouTube revenue will remain strong.
Apple – Apple shares rose more than 5% ahead of the iPhone launch Tuesday. Apple is expected to release new iPhones with 5G cellular networks, which advertises faster download times.
– CNBC’s Michael Bloom, Maggie Fitzgerald and Jesse Pound contributed to this report.