Stock Groups

Apple, Tesla, Starbucks and more

Apple signage at the Apple campus, Cupertino in California.

Getty Images| Bloomberg | Getty Images

These are the headline-grabbing companies in midday trading.

Apple — The tech giant saw its shares jump more than 3% after Morgan Stanley’s Katy Huberty raised Apple’s price target from $164 to $200 and maintained an overweight rating. Analyst believes new Apple products, such as an augmented reality headset and self-driving vehicle, have yet to be incorporated into the share price.

Tesla — Tesla shares gained 3.5% after UBS hiked its price targetThe stock will be sold at $1,000 UBS believes that Tesla will be the only competitor in 2022.

Starbucks — Starbucks shares rose nearly 3% after MKM Partners upgradedName was upgraded to a buy rating by neutral. The stock’s price target has been increased. According to the firm, recent stock performance underperformance has created an opportunity for buyers.

American Airlines – The airline’s shares gained 1.5% after announcing Doug Parker will retire as CEO next year and be succeeded by the company’s president, Robert Isom, on March 31. American’s chairman will continue to be Parker.

AutoZone – Shares of AutoZone rose 6.6% after the auto parts retailer reported a better-than-expected quarterly report. Refinitiv estimates that the company will earn $25.87 per share. However, they posted a quarter-end profit of $25.69 per shares. The revenue beat all estimates and the comparable-store sales rose 13.6%.

Designer Brands — Shares of Designer Brands soared more than 16% in midday trading after reporting better-than-expected quarterly earnings. Refinitiv reported that the earnings were 86c per share. This is well ahead of estimates of 56c per share. Revenue, however, missed estimates.

GlaxoSmithKline – The British pharmaceutical company saw its shares rise more than 1% after it said its monoclonal antibodies treatment is effective in treating all 37 identified mutations of omicronAccording to early-stage data, it is.

Intel — Intel shares rose 4.6% after the chipmaker announced plansIt plans to make its autonomous driving car public by mid-2022. In 2017, the company bought Israeli autonomous driving company Mobileye.

Acadia Pharmaceuticals — Acadia shares rallied 9.4% after the pharmaceutical company announced positive resultsIn a late stage trial, the experimental treatment was tested for Rett Syndrome (a genetic disorder that affects brain development in young girls)

Jack In The Box — Jack In The Box shares rose 5.4% after Deutsche Bank upgradedHold the stock you want to buy. The company liked Jack In The Box’s purchase of Mexican food chain Del Taco.

Bumble — Shares of Bumble rallied 11.4% after JPMorgan upgraded the stock to overweightFollowing a meeting, the firm was more positive. After a meeting with company management, the firm was more confident in the app’s potential user growth.

— CNBC’s Maggie Fitzgerald, Yun Li and Tanaya Macheel contributed reporting

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.