Cava Group Upgraded to Buy by UBS with Price Target of $90
Stocks are under pressure this morning as investors confront escalating U.S.-Iran tensions and a highly anticipated inflation report. Futures are pointing lower, with the Nasdaq leading the decline as semiconductor and AI-related stocks continue to retreat from their recent highs.The market's primary focus is the May CPI report, which showed annual inflation accelerating to 4.2% in May, in line with expectations, while core monthly inflation slowed more than anticipated to 0.2%.Geopolitics are adding another layer of uncertainty. Renewed military exchanges between the United States and Iran have increased concerns about energy markets and global economic growth. Oil prices remain volatile as traders assess the risk of disruptions in the Middle East, particularly around the Strait of Hormuz.In pre-market trading, S&P 500 futures fell 0.47%, Nasdaq futures fell 0.72% and Dow futures fell 0.44%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Cava Groupup 2% after UBS upgraded the stock to Buy with a price target of $90, up from $85Hinge Healthup 1% after raising its Q2 and FY26 revenue outlook at its inaugural investor dayUP AFTER EARNINGS -Yuanbaoup 18%Cracker Barrelup 17%Core & Mainup 1%DOWN AFTER EARNINGS -Chewydown 2%J.Jilldown 8%Lakeland Industriesdown 1%LOWER -Dianthusdown 20% after peer Sanofiannounced that its riliprubart Phase 3 study in patients with chronic inflammatory demyelinating polyneuropathy will be stoppedSuper Microdown 12% after announcing a series of concurrent equity and equity-linked financing transactions totaling $7B, in expected aggregate amount as part of its plan to fund the purchase of components to satisfy the AI orders that the company has received in recent weeks for its advanced AI serversNikedown 1% after RBC Capital downgraded shares to Sector Perform with a price target of $50, down from $70
