Metlife boosts stock buyback; Carnival upgraded; J.C. Penney's changes at top
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
J.C. Penney
J.C. Penney (JCP) was a stock to watch in the session. Ahead of the crucial holiday shopping season, the department store chain is replacing its chief merchant. Starting October 1st, J.C. Penney veteran, John Tighe will be its new chief merchant officer. The role is key in overseeing sales and monitoring inventory levels.
Metlife
Metlife (MET) rose after increasing its stock buyback program. Metlife raised its repurchase authorization to $1 billion. That's on top of the $1 billion it already bought back in the first quarter. Metlife's chairman and CEO said the decision came as the company awaits "clarity on capital rules for federally regulated life insurers."
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Carnival
Carnival (CCL) drifted higher after a bullish call on Wall Street. The stock was upgraded to "buy" from "neutral" at Nomura Securities. The price target was raised by $9 to $62 a share. That's an upside potential of about 24% from the last closing price. The firm thinks the recent pullback in Carnival shares presents a buying opportunity.