According to Barrons, Gleacher & Company began covering Quantum Corp (NYSE:QTM) with a buy rating and a price target of $4.
Shares of Quantum are higher by 17%.
The USDA cut back their forecast for corn crop production. Agriculture-related companies are higher on the news.
Shares of CF Industries Holdings (NYSE:CF) are up 12.3%.
Penn National Gaming (NASDAQ:PENN) said they purchased all of The M Resort LLC bank debt, plus $160 million of subordinated debt formerly held by MGM Resorts International (NYSE:MGM), which represents all of the outstanding debt of M Resort, from Bank of Scotland plc, a unit of Lloyds Banking Group, for $230.5 million.
Shares of MGM are higher by 15.3% on the news.
Jefferies & Company assigned a buy rating to Neurocrine Biosciences (NASDAQ:NBIX).
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