Wells Fargo makes a deal, Apple gets good news, Disney receives an upgrade
Here are the companies Yahoo Finance is watching today.
A big deal for Wells Fargo (WFC). Principal Financial is buying the company's institutional retirement and trust business for $1.2 billion. The deal doubles the size of Principal's retirement business in the U.S. and is expected to close later this year.
Apple (AAPL) is getting an upgrade. Wedbush just raised its price target to $225 a share and said "calm is being restored" at the tech giant. However, it’s warning over a potential "code red" in China, thanks to growing phone competition from Huawei and others.
Disney's (DIS) stock just got an upgrade. Cowen is now rating the stock "outperform" and raised the price target to $131 a share. Analysts there say Disney has a "very powerful pipeline," and they're optimistic about the new streaming service and the next Star Wars film due in December. Disney will hold its investor day on Thursday.
Facebook (FB) is gearing up for elections in India with the help of artificial intelligence. The social networking site is using AI to block or remove one million accounts a day that violate its rules against misinformation, hate speech and voter suppression. The move comes years after critics blamed facebook for not doing enough to prevent abuses during the 2016 U.S. presidential election.