Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Commerzbank falls as much as 2.4% after its latest earnings. Analysts say the lender’s upgraded targets are ambitious, but also viewed with some skepticism as the bank steps up its defense against a hostile takeover attempt by UniCredit.
_ IAG shares fall as much as 5.9%, the most in two months, after the airline group warned profit will be lower than previously anticipated this year. Analysts point to higher fuel costs due to the Middle East conflict and cuts to capacity growth, free cashflow and capital expenditure outlooks.
_ Rheinmetall shares fall 2.7% on Tradegate versus Germany’s Thursday close after JPMorgan cut its rating to neutral from overweight and slashed its price target by almost 30%.