Wall Street turns bullish on Snap, Apple scores legal victory in China, EU approves Dow-DuPont merger
Here are some of the stocks the Yahoo Finance team will be watching for you today.
Snap (SNAP) shares were sharply higher in early trading. Wall Street is turning bullish on the parent company of Snapchat. Several top analysts have issued buy, outperform and overweight ratings on the company this morning after the blackout period for its IPO underwriters ended. Goldman Sachs, Citi, RBC, Jefferies and Morgan Stanley all initiated coverage on the stock with bullish ratings and price targets ranging from $27 to $31 a share.
Related: Snap shares jump after 5 top analysts say ‘buy’
Apple (AAPL) shares are also on investors’ watch list. The tech giant scored a legal victory in China. A Chinese court overturned a ruling against Apple over iPhone patents, saying the iPhone 6 and iPhone 6 Plus don’t infringe on patents for exterior smartphone design held by a defunct local manufacturer.
Disney (DIS) is back in the spotlight. The entertainment giant’s “Beauty and the Beast” grabbed the top spot at the weekend box office once again, taking in $88.3 million in North American ticket sales.
The Dow Chemical (DOW) and DuPont (DD) merger has cleared a regulatory hurdle. The European Commission has approved their planned merger. However, the two chemical companies must divest several businesses to address antitrust concerns. The deal also needs US approval.
