Icahn Enterprises, Sony, Bank of America: 3 Stories In Focus
Morning Brief Hosts Seana Smith and Brad Smith break down the top trending tickers on Yahoo Finance.
According to a Wall Street Journal report, Icahn Enterprises (IEP) plans to increase its CVR Energy (CVI) position by more than 20%. This move would bring Icahn's ownership stake in the company to above 80%.
Shares of Sony (SONY) are trading higher after the company reported its second quarter fiscal results. The tech giant's operating profit beat estimates and has raised its full-year sales guidance.
Citi (C) has upgraded Bank of America (BAC) to Buy from Neutral and raised the price target to $54 from $46. Analysts cite an attractive valuation and expect the bank to benefit from reduced regulation under the Trump administration.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Angel Smith
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