Stocks to Watch: Verizon, Pilgrim's Pride and More ...
Stocks weakened and turned mixed after slightly disappointing economic data, but all the major indexes had hit multi-years on Thursday after gaining steadily throughout the week.
The Dow Jones Industrial Average rose more than 15 points after rallying to a new record high again on Thursday, despite slow first-quarter growth figures and disappointing weekly jobless claims.
Among Dow components, Caterpillar, Boeing and Procter & Gamble gained, while Microsoft and Alcoa fell.
Here are six stocks that are on the move:
Eastman Chemical
The chemical company was trading at all-time highs, which has not seen since its spin-off from Eastman Kodak in 1994.
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Choice Hotels
The hotel franchisor was dowgraded to market perform from outperform at Wells Fargo.
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WW Grainger
The industrial supplier was upgraded to neutral from underperform at Bank of America Merrill Lynch. The firm raised the price target to $170 from $138.
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Imax
The entertainment company was downgraded to hold from buy at Canaccord Genuity. The firm says the downgrade is based on price.
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Pilgrim's Pride
The chicken producer was trading lower Friday after the company reported that about 100 of its chicken houses were damaged or destroyed in the Southeast storms, and that it will have a short-term impact on U.S. chicken production.
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Verizon
The communications company was downgraded to hold from buy at Citi.
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