Market Movers rounded up the latest reactions on Nike from investors and analysts. The pros discussed the sports apparel retailer after Jefferies lowered its call on the stock from buy to hold. The analyst behind the call, Randal Konik, also lowered Nike’s price target by $40 to $100 . The firm’s recent consumer survey signaled…

Rolled aluminum is fed into a machine on the auto treatment line at the Alcoa Inc. Davenport Works aluminum facility in Riverdale, Iowa. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alcoa — Shares of the aluminum stock slipped 5% after the company said executive vice president William…

Sealed Air could see an earnings revival, Citi says. Analyst Anthony Pettinari upgraded the packaging company to buy from neutral. He assigned a $41 price target, which implies a 30.5% rally from Friday’s close. “Sentiment on SEE (and the broader packaging space) has been highly negative given share price weakness, persistent vol challenges, and downward…

Striking members of the Writers Guild of America picket with striking members of SAG-AFTRA, the actors guild, outside Paramount Studios in Los Angeles, Sept. 18, 2023. Mario Tama | Getty Images Check out the companies making headlines before the bell. AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The…

Now is the time to buy the dip in chemical company Dow Inc. , says JPMorgan. The bank upgraded Dow to overweight from neutral and maintained its price target of $55, implying shares can gain 9.5% from where they closed Friday. “We think the recent downward movement in equity values has given investors an opportunity…

Investors may want to stay away from Nike as near-term headwinds weigh on the sports retailer, according to Jefferies. Analyst Randal Konik downgraded the apparel giant to hold from buy. He also lowered his price target by $40 to $100, which suggests roughly 10.1% upside from Friday’s close. “We see incremental risk ahead for NKE…

Generative AI advancements can help Microsoft bounce back from its recent losses, according to Guggenheim. Analyst John DiFucci upgraded the stock to neutral from sell, saying the “potential monetary benefit from Generative AI is too strong a force to contend with” despite the company’s recent underperformance. The analyst removed his price target on the stock…

Customers experience the new Mate 60 Pro smartphone at a Huawei-branded store in Shanghai, China, September 5, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese telecommunications and smartphone giant Huawei didn’t reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event Monday. Instead, the company teased…

Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the new features of the iPhone and how its sales will affect the stock. After its release to stores on Friday, crowds flocked to stores in China to buy the latest version of the smartphone…

A visitor views a titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show in Toronto, Ontario, in Canada, Feb. 18, 2020. Chris Helgren | Reuters Check out the companies making headlines in midday trading. Ford — Shares popped about 3% in midday trading after a CNBC report said both Ford…