Stock Market News

Apple’s Price Target From BMO Slashed to $153 From $213, Rating Kept at Market Perform

Apple (AAPL) received a sharp cut to its price target from BMO Capital Markets late Wednesday after the consumer-technology company reduced its fiscal Q1 revenue guidance, citing greater-than-expected economic weakness in some emerging markets and fewer iPhone upgrades than it anticipated. BMO’s new price target on the stock is $153 per share, down from $213. The shares closed Wednesday’s session […]

FDA Expands Bristol-Myers Squibb’s Dasatinib Tablets to Pediatric Patients

Bristol-Myers Squibb Co. (BMY) said the US Food and Drug Administration has expanded the indication for its Sprycel (dasatinib) tablets to include the treatment of pediatric patients one year of age and older with newly diagnosed Philadelphia chromosome-positive (Ph+) acute lymphoblastic leukemia (ALL) in combination with chemotherapy. Sprycel is the only second-generation tyrosine kinase inhibitor approved for this patient population, […]