BUZZ-U.S. Stocks on the Move-Groupon, NeuroMetrix, PHH, Guess
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U.S. stock index futures pointed to a lower open on Tuesday, suggesting a second day of weakness as investors continued to hold off from making big bets going into the start of corporate earnings season. Dow Jones industrial average futures were down 0.18 percent at 16,915, S&P 500 futures were down 0.20 percent at 1,967 and Nasdaq 100 futures were down 0.14 percent at 3,898.75.
** ABBVIE INC, Monday close $57.4, -0.87 pct premarket
The U.S. drugmaker raised its offer for Shire Plc to 30.1 billion pounds ($51.3 billion) on Tuesday, hoping to win over its reluctant target after three earlier offers were rejected.
** GROUPON INC, Monday close $6.45, +5.43 pct premarket
B. Riley & Co raises its rating on the daily coupon website's stock to "buy" from "neutral" and price target to $9.50 from $6.
"GRPN has put into place several initiatives that should be gaining traction and provide top and bottom line momentum in 2014," B. Riley analyst Sameet Sinha said.