Stocks to Watch: Timberland, Universal Health, MGM Resorts and More...
Stocks gained Monday, buoyed by a handful of M&A news and after investors snapped up beaten-down stocks following six straight weeks of declines.
The Dow Jones Industrial Average was higher, clawing near the 12,000 mark, after finishing lower for the sixth-consecutive week.
Here are six stocks that are on the move:
Ryder System
The transportation and supply chain company was upgraded to buy from hold at KeyBanc.
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World Wrestling Entertainment
The entertainment company was trading at lows not seen since November 2008.
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Universal Health
The health care provider was upgraded to outperform from market perform at Leerink Swann.
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First Solar
The solar company's price target was cut to $100 from $115 at Credit Suisse with lowered earnings estimates for the year.
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MGM Resorts
The casino company was upgraded to outperform from market perform at Bernstein with a price target of $17.
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Timberland
The apparel company's shares soared after VF Corporation agreed to buy them for two billion dollars.
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