U.S. stocks closed mixed on Friday, with the Dow Jones gaining around 150 points. Here is the list of some big stocks recording gains in the previous session.
Coupa Software (COUP) - A play on a rumor from Wednesday. Shares closed up nearly 30% following a Bloomberg report Vista Equity Partners was considering a buyout of Coupa. An analyst at Raymond James Friday morning
Credit Suisse raised Universal Health Services, Inc. (NYSE: UHS) price target from $129 to $157. Credit Suisse analyst Jonathan Yong maintained an Outperform rating on the stock. Universal Health fell 2.7% to $126.15 in pre-market trading.
Citi analyst Itay Michaeli upgraded Tesla Inc (NASDAQ: TSLA) to Neutral from Sell with a price target of $176. Michaeli sees around 4% decline in the stock and has an accuracy rate of 53%.
Analyst predicated the action on the year-to-date pullback that has balanced out near-term risk/reward.
U.S. stocks may return to their defensive ways after a dovish Federal Open Market Committee meeting sparked a rally in the previous session. The index futures are pointing to a modestly higher opening on Friday.
The CNN Money Fear and Greed index showed an improvement in overall market sentiment after US stocks closed higher for second straight day.
Minutes from the Fed’s meeting indicated that the central bank is looking to slow the pace of interest rate increases. Earlier in November, the Fed raised rates by 75 bps for fourth time in a row.