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Perrigo CEO leaves for Valeant; Tribune Publishing soars on bid; Manchester United gains

Today's big winners and losers

Seana Smith
·Host

Yahoo Finance is tracking the stocks you’re following, based on your Yahoo Finance ticker searches.

Perrigo (PRGO) – The company names president John Hendrickson as CEO, succeeding former chief executive Joseph Papa. Perrigo’s board waived the non-compete clause in Papa's contract and elected to not contest his move to Valeant Pharmaceuticals (VRX).

Tribune Publishing (TPUB) – Gannett Co. (GCI) has proposed to buy Tribune Publishing in a deal valued at $815 million. Gannett will pay $12.25 a share for Tribune, which is 63% above Friday’s closing price.

Manchester United (MANU) – Billionaire investor Ron Baron called Manchester United one of his favorite picks of the year in the weekend edition of Barron's. Baron said the company is undervalued compared to the Los Angeles Dodgers and New York Yankees.

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Amazon (AMZN) – A new report by Cowen Research shows that Amazon is taking market share from Wal-Mart's and Target’s grocery businesses. The online retail giant posted 18% year-over-year growth while sales from Wal-Mart and Target declined.

Chipotle (CMG) – UBS (UBS) warns that Chipotle has more challenges than just food safety. The investment firm said, “Customer reviews of Chipotle restaurants exhibit a meaningful multi-year deterioration going back to 2010.” UBS has a neutral rating on the stock with a $460 price target.

Xerox (XRX) – The copier and printer giant reported a first quarter drop in profits and revenue. Xerox’s profit tumbled 84% amid increasing restructuring costs.

Caterpillar (CAT), Joy Global (JOY) – Both firms were upgraded by Goldman Sachs (GS) from sell to neutral. The investment firm raised its price target on Caterpillar’s stock to $78 per share and Joy Global’s price target to $24.