BUZZ-U.S. STOCKS ON THE MOVE-Seagate, SunEdison, 3D Systems

Thu Apr 14, 2016 1:52pm 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)

Wall Street inched higher in muted trading on Thursday, propped up by financial stocks, as investors turn their focus on corporate earnings season: Dow Jones industrial average futures were up 0.13 percent at 17,851, S&P 500 futures were up 0.07 percent at 2,077.5 and Nasdaq 100 futures were up 0.04 percent at 4,549.75.

** SEAGATE TECHNOLOGY PLC, $27.4499, -19.10 pct

** WESTERN DIGITAL CORP, $41.63, -7.08 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, $0.607, +64.01 pct

** TerraForm Power Inc, $9.6662, -3.53 pct   Continued...