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home / news releases / TEVA - Hot Stocks: TEVA upgrade; SWCH downgrade; BBBY reaches board deal; GM chip shortage

TEVA - Hot Stocks: TEVA upgrade; SWCH downgrade; BBBY reaches board deal; GM chip shortage

Teva Pharmaceutical Industries Limited American Depositary Shares
Analyst comments provided a key catalyst in Friday's midday action. Teva Pharmaceutical Industries (TEVA) advanced on an upgrade from Bernstein, while Switch (SWCH) lost ground on a Wells Fargo downgrade. In other news, Bed Bath & Beyond (NASDAQ:BBBY) advanced in intraday trading, bolstered by news the company has reached a deal with activist investor Ryan Cohen. Meanwhile, General Motors (GM) also drew some attention. Shares slipped amid word that a chip supply shortage would force it to pause production at an Indiana plant. Gainers Bed Bath & Beyond (BBBY) received buying interest after reaching a deal with activist investor Ryan Cohen that would give his RC Ventures board representation. Under the agreement, RC Ventures will designate three independent directors to BBBY's board. In early March, RC Ventures disclosed a nearly 10% stake in BBBY. Cohen has been advocated strategic changes at the company, including the possible sale of its buybuy

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Hot Stocks: TEVA upgrade; SWCH downgrade; BBBY reaches board deal; GM chip shortage
Stock Information
Company Name: Teva Pharmaceutical Industries Limited American Depositary Shares
Stock Symbol: TEVA
Market: NYSE
Website: tevapharm.com
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