ATVI - Hot Stocks: SNOW rises on bullish opinion; DE downgrade; PSB agrees to be purchased; ATVI earnings

Analyst comments remained a crucial catalyst during Monday's midday action. Snowflake (NYSE:SNOW) rallied on a bullish take from Wolfe Research. Meanwhile, a downgrade sparked selling in shares of Deere (DE). Elsewhere, PS Business Parks (PSB) jumped on a deal to be acquired by Blackstone (BX). On the other side of the spectrum, Activision Blizzard (ATVI) slipped on earnings news. Gainers Snowflake (SNOW) soared in midday trading, boosted by a bullish note from Wolfe Research. The firm initiated coverage of the data warehousing provider at Outperform, praising its management team and highlighting the company's ability to scale. Wolfe argued that SNOW can rise nearly 50% from current levels. Bolstered by the upbeat assessment, the stock rose about 7%. A merger deal sparked buying in shares of PS Business Parks (PSB). The stock climbed 12% after Blackstone (BX) agreed to purchase the owner of industrial and office spaces. The purchase price for

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Hot Stocks: SNOW rises on bullish opinion; DE downgrade; PSB agrees to be purchased; ATVI earnings