WH Smith Cuts, Sanofi Setback, STMicro Up
from Stock Movers Hosted by iHeartPodcasts
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - WH Smith lowered its profit outlook and set out a plan to raise capital as the fallout from the conflict in the Middle East weighs on sales at the retailer’s network of airport stores. - Sanofi halted a late-stage trial of an experimental medicine for a rare autoimmune disorder, ramping up pressure on its new chief executive to beef up the drugmaker’s pipeline. - The rally in STMicroelectronics NV shares has nearly 40% further to go, Bank of America Corp. analysts said, raising their price targets to the highest among brokers tracking the French-Italian chipmaker.
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