Sundry Photography 10x Genomics (NASDAQ:TXG) stock slid 14% Wednesday amid news that Illumina (ILMN) has acquired single cell analysis technology company Fluent BioSciences and a downgrade by Deutsche Bank. The investment bank cut its rating of 10x Genomics to hold, stating that heightened competition was “eroding the inelastic demand thatContinue Reading
Marten Transport (NASDAQ:MRTN) shares fell over 5% on Tuesday after Vertical Research downgraded the truckload carrier to Hold from Buy and lowered its EPS expectation. The brokerage, which reduced PT to $19 from $22, continues to believe that Marten is a premium story within the truckload marketplace, but the environmentContinue Reading
“We downgrade the stock to Neutral today, as upside will only materialize in a bull case, in which the outlook beyond 2025 increases materially, and we do not have the conviction on this scenario playing out yet,” said New Street analyst Pierre Ferragu in a report on Friday. The firmContinue Reading
Robert Way/iStock Editorial via Getty Images Shares of Spirit Airlines (NYSE:SAVE) and Frontier Group Holdings (NASDAQ:ULCC) are both trading with a loss ~2% in premarket trading following a downgrade to both carriers from Raymond James as weaker fare trends and insufficient post summer capacity adjustments remains a medium-term risk forContinue Reading
