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Lindt to Cut Prices; FICO Drops; Netflix Upgraded
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Lindt (LISN SW) plans to lower prices for its chocolate products after it pared back its sales-growth guidance for a second time this year citing subdued consumer sentiment.
- Fair Isaac (FICO,) the credit score company known as FICO, slumps 19% in premarket trading after Federal Housing Finance Agency Director Bill Pulte announced a move that makes it easier for lenders to adopt VantageScore. According to analysts, this will increase competition while pressuring FICO’s market share and pricing power.
- Netflix (NFLX) shares are up after Deutsche Bank upgraded the streaming-video company to buy from hold, saying that concerns about engagement were overblown.
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