BUZZ-U.S. STOCKS ON THE MOVE-Seagate, SunEdison, Pier 1 Imports

Thu Apr 14, 2016 9:41am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stocks were little changed higher on Thursday as investors assessed quarterly earnings from big banks: Dow Jones industrial average futures were down 0.04 percent at 17,821, S&P 500 futures were down 0.06 percent at 2,074.75 and Nasdaq 100 futures were down 0.16 percent at 4,540.5.

** SEAGATE TECHNOLOGY PLC, $28.92, -14.77 pct

** WESTERN DIGITAL CORP, $41.72, -6.88 pct

Analysts at six brokerages cut price targets on Seagate's shares, after the company on Wednesday estimated Q3 revenue and gross margin below its forecast. Analysts at Craig-Hallum also cut their price target on Western Digital's stock on Seagate's gloomy estimates.

** SUNEDISON INC, $0.6701, +81.06 pct

** TerraForm Power Inc, $10.44, +4.19 pct   Continued...