U.S. Stocks on the Move: Estee Lauder, Target, Analog Devices
SPY•Market backdrop and individual stock moves
August 19 (Reuters) - U.S. stock index futures were stable on Wednesday following a technology-driven selloff that rocked Wall Street in the prior session as investors turned their attention to the inflation outlook and geopolitical tensions in the Middle East.
- Cogent Communications Holdings Inc (CCOI.O): Shares fall after J.P. Morgan cuts rating, price target.
- Klarna Group PLC (KLAR.N): J.P. Morgan cuts Klarna to "neutral" on limited earnings visibility, execution concerns.
- Keysight Technologies Inc (KEYS.N): Gains as AI data center demand drives upbeat Q4 forecast.
- Target Corp (TGT.N): Falls despite annual forecast hike.
- Honeywell Aerospace Inc (HONA.O): Gains after Morgan Stanley ups rating to "overweight".
- Dollar Tree Inc (DLTR.O): Gets an upgrade at Jefferies on improving traffic.
- Lowe's Companies Inc (LOW.N): Falls after cutting annual sales growth forecast.
- Estee Lauder Companies Inc (EL.N): Rises on robust annual profit outlook.
- Moderna Inc (MRNA.O): Surges after skin cancer vaccine combined with Merck's Keytruda wins late-stage trial.
- Analog Devices Inc (ADI.O): Rises after forecasting Q4 revenue above estimates.
- Alliance Laundry Holdings Inc (ALH.N): Steadies after backer BDT Capital's upsized stake sale.
