Stocks to Watch: Brown Forman, Gap, Transocean and More...
Stocks extended their gains Tuesday after existing home sales fell less than forecast and amid expectations that a solution will be found for Greece to avoid a debt default and ahead of a confidence vote in Athens later this afternoon.
The Dow Jones Industrial Average climbed after posting its third straight gainin the previous session.
Here are six stocks that are on the move:
Brown Forman
The spirits and wine producer was trading at all time highs dating back to 1968.
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Gap
The apparel retailer was downgraded to neutral from outperform at Cowen and Company citing top-line growth struggles and rising product costs as the main headwinds.
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Transocean
The offshore drilling company was upgraded to overweight from equal-weight at Johnson Rice.
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DreamWorks Animation SKG
The studio’s 2011 estimates were reduced based on weaker domestic box office returns for Kung Fu Panda 2.
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Discover Financial
The consumer finance firm was upgraded to outperform from neutral at Macquarie Research.
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McCormick & Company
The spice company was trading at all time highs dating back to 1999.
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