BUZZ-U.S. Stocks on the Move-Workday, Petrobras, Tiffany, Cyberark
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were slightly higher on Tuesday as the market's long-running upward bias looked to continue, though further gains may be difficult to come by in a week that's expected to be quiet. Dow Jones industrial average e-mini futures were up 0.11 percent at 17,812, S&P 500 e-mini futures were up 0.10 percent at 2,069.5 and Nasdaq 100 e-mini futures were up 0.19 percent at 4,290.
** WORKDAY INC, Monday close $92.49, -8.10 pct premarket
The maker of cloud-based human resources software forecast fiscal year 2016 revenue below market estimates and Q4 revenue forecast indicates growth of roughly 66-67 percent for the year ending January, much slower than 71 percent growth in fiscal 2014.
At least 6 brokerages, including Goldman Sachs, cut price target on the stok by as much as $10 to as much as $90; Median price target on stock is $100.
** PETROBRAS SA, Monday close $10.5, +6.67 pct premarket
Citigroup Global Markets analyst Pedro Medeiros raised its recommendation on U.S.-traded common shares of Petróleo Brasileiro SA to "buy" from "neutral" while cutting the price target to $13 from $17. In a client note, Medeiros said the stock's 54 percent drop in the past three months left the stock trading at attractive multiples relative to global rivals. The target on Brazil-traded common shares was also cut to 17 reais from 21 reais.
** SUNGY MOBILE LTD, Monday close $6.18, -9.87 pct premarket Continuación...