3M, CoreCivic and Almonty Industries among stocks on the move
SPY•3M rose after Bernstein upgraded the stock, Almonty gained after Stifel initiated coverage with a buy rating, and CoreCivic fell after its CEO resigned. Other movers included Akamai, Comcast, Twilio, Costco, Delek US and Nektar Therapeutics.
1. Three stocks in focus
3M shares were highlighted after Bernstein upgraded the company, citing a stronger growth and valuation outlook. Almonty Industries gained after Stifel initiated coverage with a buy rating, while CoreCivic fell after its CEO resigned.
2. Other notable movers
Akamai surged on an $11.6 billion Anthropic deal. Comcast fell after a KeyBanc downgrade citing broadband and theme park concerns, while Twilio slipped after HSBC cut its rating to reduce on doubts about AI monetization. Costco shares dipped as brokerages cut price targets after quarterly results; Delek US steadied after a $400 million convertible bond sale, and Nektar gained after a jury found Eli Lilly breached a contract in a drug partnership dispute.
