U.S. stocks closed lower on Friday, ahead of the Federal Reserve’s policy meeting this week. The Dow, meanwhile, settled slightly higher last week, while the S&P 500 and Nasdaq both recorded losses for the second straight week.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Jefferies boosted the price target for ACM Research, Inc. (NASDAQ: ACMR) from $9 to $23.4. Jefferies analyst Nick Cheng upgraded the stock from Underperform to Buy. ACM Research shares fell 2.2% to close at $13.08 on Friday.