Verizon Communications (NYSE:VZ) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Monday, Analyst RN reports. The firm currently has a $55.00 price objective on the stock. Bank of America’s target price points to a potential upside of 18.82% from the stocks previous close. Verizon Communications Inc. (NYSE:VZ) stock opened at $46.09 in last session, and closed at $46.35, while the day range of Verizon Communications Inc. (NYSE:VZ) stock is $45.88 – $46.50. The stock showed a positive weekly performance of -0.39%.
Teen apparel retailer Abercrombie & Fitch Co(NYSE:ANF) said it would lower prices to deal with intense competition, after discounts in the holiday season helped quarterly revenue fall less than expected. Abercrombie & Fitch Co. (NYSE:ANF) stock opened at $37.37 in last session, and closed at $40.04 by gaining 11.25%. The 52 week range of $31.14 – $55.23. Company’s market capitalization is $3.06B.
QEP Resources (NYSE:QEP)’s share price hit a new 52-week low during mid-day trading on Wednesday following a weaker than expected earnings announcement, Analyst Ratings News reports. The company traded as low as $25.93 and last traded at $28.83, with a volume of 18,618,904 shares. The stock had previously closed at $32.02. QEP Resources Inc. (NYSE:QEP) stock decreased -10.02% and finished the last session at $28.81. The EPS of the stock remained 1.05. Company’s market capitalization is $5.17B.
Yesterday, assets in the SPDR Gold Trust, Homebuilders (ETF) (NYSEARCA:XHB) the biggest exchange-traded product backed by the metal, climbed for the third straight session, the longest advance since November 2012. SPDR S&P Homebuilders (ETF) (NYSEARCA:XHB) stock opened the session at $33.23, and closed the session at $33.97. The 52 week range of the SPDR S&P Homebuilders (ETF) (NYSEARCA:XHB) stock remained $27.05 – $34.26 and the day range was $33.10 – $34.26.
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