Here are the companies Yahoo Finance is watching today.
Uber (UBER) is getting a mixed review at Stifel. Analysts there just initiated coverage of the ride hailing giant at a Hold, with a $50 price target. They say while they like Uber's growth prospects, it will be a long road to profitability. They also just upped their price target on Lyft (LYFT) to $76 a share, rating that stock a Buy.
A lot of bulls started coverage this morning on Revolve (RVLV), an online clothing retailer. The post-IPO quiet period just ended for this influencer driven website — and Guggenheim, Morgan Stanley and Jefferies all rated the stock "outperform." Jefferies even set the price target at $60 a share. The stock is up nearly 90% since it went public at $18 a share back in June.
Trouble for General Electric (GE) in Brazil. Several power companies there have started removing GE equipment after a series of explosions. One grid company said the equipment showed a higher failure rate than they expected. GE tells Yahoo Finance it has investigated the equipment and to date, there is no evidence that the incidents were caused by the design, components or manufacturing processes of this specific product.
Arizona's governor wants to pull incentives from a Nike (NKE) plant there after the company dropped an Independence Day-themed shoe. Colin Kaepernick had reportedly raised concerns about the symbolism of selling a shoe with an early American flag on it. The sneaker was expected to go on sale this week in celebration of Fourth of July.
Hooters is getting a new owner. Chanticleer Holdings (BURG) is selling the restaurant chain to Nord Bay Capital and TrisArtisan Capital Advisors. No word yet on the terms of the deal but Hooters' investors are set to retain a stake in the company. In a statement, Terry Marks, CEO of Hooters of America, said the partnership with Nord Bay and TriArtisan will "support our next phase of growth."