Yahoo Finance is tracking Pandora, Costco, Avis, Alphabet and Micron in intraday trading on Monday.
Pandora (P) – Reports of a shakeup in management is moving Pandora’s stock in intraday trading on Monday. Recode is reporting that the music streaming company’s co-founder, Tim Westergren, will step down from his role as CEO. This follows Sirius XM’s $480 million investment in Pandora, which was announced earlier this month.
Costco (COST) – Raymond James thinks investors oversold Costco following Amazon’s (AMZN) deal to buy Whole Foods (WFM). The firm upgraded Costco to outperform and raised its 12-month price target on the stock to $173, implying a 10% move to the upside from its closing price on Friday. Costco’s stock is down about 4% over the past three months.
Avis (CAR) – Google’s parent company Alphabet (GOOGL) has reached a multi-year deal with Avis. The two companies will work alongside each other in the self-driving car space. Google’s Waymo will rely on Avis to manage its fleet of self-driving Chrysler vans, which includes parking, cleaning and oil changes. The service agreement is expected to begin later this year.
Micron (MU) – Cowen raised its price target on Micron to $38 from $34 while maintaining its outperform rating. The firm thinks Wall Street is underestimating Micron’s EPS by up to 10 cents for the fourth quarter. Shares of Micron have rallied about 47% since the start of the year.
For more on Monday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.