Goldman Sachs – Goldman was downgraded to "neutral" from "buy" at Bank of America. Bank of America said although the current valuation discounts most potential negatives related to the 1MDB investigation, uncertainty may linger for a while.
HP Inc. – HP reported adjusted quarterly profit of 54 cents per share, matching Street forecasts. The computer and printer maker's revenue slightly beat estimates on growth in the company's personal systems business.
Under Armour – The athletic apparel maker's shares were upgraded to "market perform" from "underperform" at Wells Fargo, ahead of the company's December 12 meeting with analysts. Wells Fargo said the bear case for Under Armour has "run out of steam" and that management is likely to lay out bullish sales and margin targets at that meeting.
Deutsche Bank – The bank's headquarters were raided by police in Frankfurt for a second day, amid money laundering allegations linked to the so-called "Panama Papers."
AT&T – AT&T told investors it is committed to cutting up to $20 billion in debt next year. It also told its Investor Day gathering that it plans to launch three versions of a new video streaming service next year featuring original content from its Warner Brothers, Turner, and HBO units.
General Electric – Deutsche Bank lowered its price target on GE stock to $7 per share from $11, based on what it sees as the most likely macroeconomic scenario. However, it is maintaining its "hold" rating on the stock, which closed Thursday at $7.94.
Source: CNBC
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