Top Midday Decliners

HSBC downgraded Trade Desk (TTD) to reduce from hold while adjusting its price target to $20 from $31.

Shares of Trade Desk were down 7.2%, with intraday trading volume at more than 12.6 million, compared with the stock's daily average of about 20.8 million.

BNP Paribas adjusted the price target for Zoetis (ZTS) shares to $146 from $185, following the company's Q1 results late last week.

Shares of Zoetis dropped 7.5%, with intraday trading volume at over 7.94 million, compared with a daily average of about 4.61 million.

Certara (CERT) reported Q1 adjusted earnings below market expectations on Monday, while sales rose moderately from a year ago.

Shares slumped 20% as intraday trading volume catapulted to more than 3.99 million from a daily average of about 3.67 million.

Price: $21.33, Change: $-1.73, Percent Change: -7.50%

McDonald's Poised for Market Share Gains Despite Macro Headwinds, UBS Says

McDonald's (MCD) is poised for underlying momentum with US and global market share gains likely through 2026 despite macro headwinds, UBS said in a note emailed Monday.The company's negative US and international April same-store sales growth reflects tough prior year comparisons, and the setup over the rest of the year could include additional difficult laps and headwinds from higher gas prices and depressed consumer sentiment, UBS added.UBS still expects solid sales gains in 2026, led by sales initiatives rolling out through the year across menu innovation, marketing campaigns, and digital and loyalty programs, along with stronger value offerings, according to the note.McDonald's appears to be on track to reach approximately 50,000 stores by the end of 2027, but management is reviewing its development pipeline amid higher construction costs and supply chain challenges, the brokerage said, adding that the company is also considering franchising US co-owned stores partly due to softer-than-expected margins.While sales trends will likely decelerate in Q2 due to slightly negative April comps given the difficult Minecraft limited-time offer lap, underlying momentum should remain solid and 2-year trends should accelerate, according to UBS.UBS kept a buy rating on McDonald's with a price target of $365.Price: $272.13, Change: $-3.62, Percent Change: -1.31%

$MCD

Sylvamo Improving Into 2027 Despite Near-Term Cost Pressure, RBC Says

Sylvamo's (SLVM) earnings should improve into 2027 as price gains, fewer mill issues, North America investments, and cost-savings work to offset near-term cost pressure and market uncertainty, RBC Capital Markets said in a note Monday.The investment firm said it remains somewhat cautious because some price increases may not fully hold and paper imports could affect the North American market, while Sylvamo expects about $15 million in higher costs in Q2, though better pricing, fewer reliability problems, and the end of a prior Riverdale payment could help offset that pressure.US uncoated free sheet prices are moving higher and could rise further because of tight supply, while prices in Europe, Latin America, and export markets may also improve modestly, RBC said.RBC added 2026 looks like a transition year for Sylvamo, with investors likely to focus more on the company's path toward stronger 2027 results as the year moves forward.RBC kept its sector perform rating and cut its price target for Sylvamo to $49 from $50.Price: $41.43, Change: $+0.33, Percent Change: +0.80%

$SLVM

Top Midday Decliners

Related Articles

McDonald's Poised for Market Share Gains Despite Macro Headwinds, UBS Says

Qualcomm CEO to Join Trump on China Trip

Sylvamo Improving Into 2027 Despite Near-Term Cost Pressure, RBC Says