Here are the companies Yahoo Finance is watching today.
There’s new pressure today on Micron (MU), with two more analysts cutting their price targets. JPMorgan now sees the stock reaching $50 a share, while analysts at Baird have cut their target to $28. Both cite a downturn in demand for memory chips. Micron reports earnings next week.
There’s a better outlook at Funko (FNKO). The toymaker has just gotten two price target increases from SunTrust and Stifel Nicolaus. That comes on the heels of the stock popping 9% yesterday. Execs told investors at a conference earlier this week that they're optimistic, and enjoying "strong growth," thanks in part to keeping development costs low.
ExxonMobil (XOM) is reportedly running into trouble helping get oil out of Iraq. Reuters says a $53 billion project there has hit snags over contracts and security. The Iraqi government is apparently objecting to some terms, including just how much oil Exxon could have access to — the company is not commenting.
UnitedHealth (UNH) is buying up payments firm Equian for about $3.2 billion. The healthcare company is likely to merge Equian with its health services arm Optum, according to the Wall Street Journal. Equian offers payment-processing for health-care companies and insurers and claims to reduce overpayment mistakes.
McDonald's (MCD) is trying out some new technology. The fast food giant is testing robotic deep-fryers and voice-activated drive-thrus as it looks to streamline its operations and speed up service. This comes as the Golden Arches faces increasing pressure from smaller burger chains and declining fast food visits.