BUZZ-U.S. STOCKS ON THE MOVE-Seagate, SunEdison, Repros

Thu Apr 14, 2016 11:01am 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 on Thursday as investors assessed quarterly earnings of big banks: Dow Jones industrial average futures were up 0.04 percent at 17,835, S&P 500 futures were up 0.01 percent at 2,076.25 and Nasdaq 100 futures were up 0.03 percent at 4,549.

** SEAGATE TECHNOLOGY PLC, $27.74, -18.24 pct

** WESTERN DIGITAL CORP, $41.52, -7.32 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, $0.6119, +65.33 pct

** TerraForm Power Inc, $10.1, +0.80 pct

** TerraForm Global Inc, $2.6599, +0.75 pct   Continued...