Alcoa (AA) shares rose nearly 9% in Friday trading after UBS upgraded the aluminum producer to buy from neutral and raised its price target to $80 from $75.
Trading volume stood at over 4.5 million shares compared with a daily average of about 5.5 million shares.
Price: $72.07, Change: $+5.80, Percent Change: +8.74%
AutoZone (AZO) is gaining market share by riding on its service and inventory availability, as smaller rivals face heat from higher interest rates, tariffs, and broader macroeconomic challenges, Truist Securities said in a note on Friday.The automotive parts retailer, much like its peer O'Reilly Automotive (ORLY), is also benefiting from a consumer trend of repairing or fixing vehicles rather than purchasing new ones as higher cost-of-living constrain spending, according to the note.The brokerage sees the operating environment for smaller companies to become increasingly difficult over time, while it expects AutoZone's inventory accounting pressures to ease over the next few quarters and operating expense growth to slow down as the company continues to aggressively buy back shares.Truist maintained its buy rating and its price target of $4,045.Price: $3447.58, Change: $+9.40, Percent Change: +0.27%
Sweetgreen (SG) shares rose 9.4% on Friday after JPMorgan upgraded the stock to overweight from neutral with a price target of $13 per share.Trading volume stood at over 7.7 million shares compared with a daily average of more than 4.6 million.Price: $9.85, Change: $+0.87, Percent Change: +9.63%
Microsoft-backed (MSFT) OpenAI must produce testimony from its recent trial win over Elon Musk and X.AI as part of separate copyright litigation against OpenAI, Bloomberg reported, citing court documents.Depositions from top OpenAI and Microsoft executives could reveal inconsistencies regarding the commercial nature of OpenAI's use of copyrighted works, the report said, citing the documents.Microsoft and OpenAI didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $419.57, Change: $+0.48, Percent Change: +0.11%