JP Morgan analyst Steven Alexopoulos downgrades Live Oak Bancshares (NASDAQ:LOB) from Overweight to Neutral and lowers the price target from $58 to $41.
Pre-open movers
U.S. stock futures traded slightly lower in early pre-market trade on Friday after the Wall Street recorded its worst first half in over 50 years.
The biotech sector is poised to end June on a positive note, despite largely disappointing regulatory decisions scheduled during the month, thanks to a reversal in broader market sentiment.