Diagnostic systems firm Hologic (HOLX) was up as much as 3% on a bad day for the market Friday after Stifel upgraded it to buy from hold. Analyst Jonathan Block wrote that Hologic is overcoming some of the problems that led its growth to flatten out the last couple of years. “Our diligence leads us to believe that Hologic’s transformation from a broken story to a successful turnaround will continue to evolve into a sustainable multi-year growth
Adobe Systems (ADBE) stock spiked to an all-time high Friday after the digital media software firm reported fiscal-fourth-quarter earnings per share above Wall Street’s target. The San Jose, Calif.-based company late Thursday said it earned 62 cents a share, excluding items, on sales of $1.31 billion for the quarter ended Nov. 27. EPS was 2 cents above the consensus estimate of analysts polled by Thomson Reuters. Sales were in line with views.
American Tower (AMT) touted plans for global growth at its investor day on Thursday, but its U.S. outlook has some analysts cautious on the stock. The cell tower operator did not provide 2016 guidance at the New York event, but it is expected to provide guidance for 2016 when it reports its Q4 earnings. Shares of American Tower, which competes with Crown Castle (CCI) and SBA Communications (SBAC), were down 0.6% in morning trading in the stock