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U.S. stock indexes were little changed on Thursday, with investors reluctant to trade aggressively ahead of the Federal Reserve’s interest rate decision later in the day. The Dow Jones industrial average was up 0.09 percent at 16,755.32, the S&P 500 was up 0.09 percent at 1,997.04 and the Nasdaq Composite was up 0.24 percent at 4,900.992.
** AERIE PHARMACEUTICALS INC $30.6831, +70.46 pct
The drugmaker said on Wednesday its experimental eye drop met the main goal of a late-stage study. The drug, Rhopressa, showed that it was not inferior to a commonly prescribed treatment, timolol, in reducing pressure inside the eye in patients suffering from glaucoma, or ocular hypertension, the company said.
At least five brokerages raised their price targets by as much as $18 to as high as $49.
** CABLEVISION SYSTEMS CORP, $32.879, +15.20 pct
European telecoms group Altice has agreed to buy the fourth-largest U.S. cable TV operator for a mix of cash and shares in a deal worth $17.7 billion, including debt.
** CLARCOR INC, $48.44, -12.94 pct
The air filtration system maker reported a lower-than-expected profit for the third quarter, hurt by lower demand for its products. The company cut its 2015 profit forecast to $2.70-$2.80 per share from $3.00-$3.15, anticipating lower sales, particularly in its largest industrial and environmental filtration business.
** ORACLE CORP, $36.97, -3.40 pct
The company’s sales fell more than expected in the first quarter, hurt by a strong dollar and a continued drop in licensed software sales and the company warned revenue could fall in the current quarter even on a constant currency basis.
** SHOPIFY INC, $34.88, +20.65 pct
The Canadian e-commerce software maker said merchants who use its platform would be able to sell on Amazon.com Inc. The company currently has similar arrangements with other platforms such as Facebook Inc and Pinterest.
** YINGLI GREEN ENERGY HOLDING CO LTD, $0.5825, +7.87 pct
The Chinese solar company’s unit signed an agreement with CFC Group Construction Ltd to supply 170 megawatts of solar panels for utility plants in China. It will deliver over 650,000 solar panels to CFC Construction during the third and the fourth quarters. The deal is Yingli’s largest supply agreement in China.
** LINNCO LLC, $2.9999, +7.14 pct
** LINN ENERGY PLC, $3.53, +6.01 pct
** PIONEER ENERGY SERVICES CORP, $2.85, +6.74 pct
** LEGACY RESERVES LP, $5.19, +5.70 pct
** BONANZA CREEK ENERGY INC, $7.42, +6.30 pct
** SANCHEZ ENERGY CORP, $6.41, +5.25 pct
** STONE ENERGY CORP, $6.51, +3.01 pct
** CALIFORNIA RESOURCES CORP, $3.36, +3.38 pct
Shares of oil and gas producers rose after oil prices gained as a lower dollar and strong U.S. employment data balanced weak Japanese trade figures.
** PEABODY ENERGY CORP, $1.455, -7.91 pct
The coal miner announced a 1-for-15 reverse stock split and said the common stock would begin trading on split-adjusted basis on Oct. 1. The reverse split will reduce Peabody’s number of outstanding shares to about 19 million from 278 million.
** TEREX CORP, $19.66, -5.02 pct
Finnish crane maker Konecranes, which agreed to an all-share merger with Terex in August, said its 2015 operating profit would be roughly the same as last year’s due to lower-than-expected equipment deliveries.
** RITE AID CORP, $7.75, -9.78 pct
The drugstore chain operator cut its full-year forecast for drugstore sales and total earnings, citing “recent sales trends” and expenses related to its $2 billion acquisition of pharmacy benefit manager EnvisionRx.
** NVIDIA CORP, $23.44, +1.47 pct
Jefferies & Co raised its rating on the chipmaker’s stock to “buy” from “hold” and price target to $30 from $23. “With 20 percent of gaming sales occurring in the (United States), we think U.S. investors haven’t yet internalized how rapidly the eSports industry has grown,” analysts wrote in a note. Nvidia, the leading supplier of graphics chips that drive eSports games, is well positioned to benefit from growth in the gaming market, the analysts wrote.
** VERIZON COMMUNICATIONS INC, $44.875, -2.85 pct
The company warned that its full-year 2016 earnings might “plateau” at 2015 levels as it manages near-term impacts including commercial model change in wireless.
** SEQUENOM INC, $2.38, +14.98 pct
The diagnostic device maker said its unit signed a deal with UnitedHealthcare Insurance to provide prenatal lab tests for 43 million people in the United States.
** ZUMIEZ INC, $15.74, +5.78 pct
Stifel raised its rating on the sports apparel and accessories maker’s shares to “buy” from “hold” and set a price target of $18. Long term, the company is well positioned to drive comparable sales and achieve margin expansion, given its unique product assortment and ability to quickly chase trends, analysts wrote in a note. (Compiled by Manish Parashar in Bengaluru; Editing by Kirti Pandey)