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Fly Intel: Pre-market Movers.

HIGHER: Petrobras (PBR), up 14% after the stock saw analyst upgrades following the strong showing of Jair Bolsonaro in winning the presidential election's first round in Brazil.... Tetraphase (TTPH), up 2% after announcing "positive" data from Phase 3 trials of XERAVA... Arconic (ARNC), up 3% after Reuters reported that Blackstone (BX), Carlyle Group (CG), Onex and Canada Pension Plan Investment Board have joined up in a bid to acquire the company, which is exploring its strategic options... Novamax (NVAX), up 3% after B. Riley FBR analyst George Zavoico added Novavax to his firm's Alpha Generator list based on the upcoming top-line results of two key clinical trials expected in early Q1... General Electric (GE), up 2% after Barclays analyst Julian Mitchell upgraded the stock to Overweight from Equal Weight with an unchanged price target of $16. LOWER: iRobot (IRBT), down 3% after Piper Jaffray analyst Troy Jensen downgraded the stock to Neutral with an unchanged price target of $90. The analyst continues to believe the robotic vacuum market is in a secular uptrend and that iRobot will "maintain its dominant position in the market."... Beacon Roofing (BECN), down 1% after William Blair analyst Ryan Merkel downgraded the stock to Market Perform from Outperform saying he's not confident in the near-term stock outperformance following "another soft" roofing survey... Ensco (ESV), down 2% after Ensco and Rowan Companies (RDC) agreed to merge in an all-stock transaction.

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Publication:The Fly
Date:Oct 8, 2018
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