Yahoo Finance UBS says Berkshire Hathaway a buy; Pandora sinks after new CEO named; Finish Line soars
It’s time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Berkshire Hathaway (BRK-A) – UBS initiates coverage on billionaire Warren Buffett’s insurance company with a buy rating and a price target of $244,500. UBS said, “We believe that the current uncertain economic and market environment plays into the hands of BRK, with its structural advantages of permanent capital, strong cash generation, and industry-leading portfolio of businesses.”
Pandora (P) – The music-streaming service appointed co-founder Tim Westergren as chief executive officer. The changes take place immediately, along with a new, larger management structure.
Finish Line (FINL) – BB&T upgraded the stock to a buy rating from neutral, while Jefferies lifted its price target to $24 per share. Finish Line reported quarterly earnings last week that beat on both the top and bottom lines.
Avon (AVP) – The company confirmed it has worked out an agreement with an investment group led by Barington Capital Group. Under the terms of the deal, Barington will have the right to approve the appointment of an independent director to the Avon Board.
Time Warner (TWX) – The Time Warner–owned studio, Warner Brothers, looks to be the early winner in Batman vs. Superman. The movie recorded the fourth-largest global opening in box office history, grossing an estimated $424.1 million.
Yahoo (YHOO) – Shares are on the move following reports that Microsoft is in early talks with potential Yahoo investors about contributing financing to buy the company.
TrueCar (TRUE) – The company is making big changes. TrueCar said it is overhauling its platform to improve transparency for consumers. A number of modifications to the TrueCar platform have already been executed, with many more planned for the rest of the year.
Gamestop (GME) – Sterne Agee analyst Arvind Bhatia sends out a warning on GameStop. In its latest note, the investment firm states the company’s forecast for flat growth in the pre-owned gaming business is too aggressive, saying that a decline is more likely.
