-- Nordea Bank on Monday raised Swedish bearings, seals, and lubrication systems company SKF (SKF-A.ST, SKF-B.ST) to buy from a hold rating.
(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
ON Semiconductor (ON) shares were up nearly 11% in afternoon trading on Thursday after B. Riley upgraded the company's stock to buy from neutral and raised the price target to $115 from $64.Trading volume stood at more than 14.9 million shares against a daily average of about 8.8 million.Price: $98.57, Change: $+9.58, Percent Change: +10.76%
(Updates with the latest stock move in the headline and in the first paragraph.)PENN Entertainment (PENN) shares were up over 15% in Thursday trading after the company reported better-than-expected Q1 performance.Earlier, the firm posted an adjusted earnings of $0.11 per diluted share, swinging from an adjusted loss of $0.25 a year ago.Analysts polled by FactSet expected a loss of $0.04.Revenue for the quarter ended March 31 was $1.78 billion, up from $1.67 billion a year earlier.Analysts surveyed by FactSet expected $1.75 billion.Price: $17.12, Change: $+2.35, Percent Change: +15.88%
Chevron (CVX) resumed full production at its Wheatstone liquefied natural gas facility in Western Australia after repairs from damage caused by a cyclone last month, Reuters reported Wednesday evening, citing the oil major.In March, extreme winds brought by the tropical cyclone Narelle damaged several hundred air-cooled heat exchangers, Danny Woodall, Chevron's director of operations and maintenance for Australia, was quoted as saying by Reuters.(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: $187.80, Change: $+1.48, Percent Change: +0.79%