Stocks are set to open the new week slightly higher, while Club name Danaher (DHR) plans to acquire life-sciences company Abcam (ABCM).
The Club's top 10 things to watch Monday, Aug. 28 1. Stocks are set to open the new week slightly higher, with the S & P 500 up 0.3% in premarket trading. The move follows gains from Friday after Federal Reserve Chair Jerome Powell gave a balanced update on U.S. monetary policy in Jackson Hole, Wyoming. Powell reiterated that inflation remains too high, but said the central bank would "proceed carefully" with future interest-rate hikes. 2.
on Monday upgrades Zimmer Biomet to buy, from neutral, with a $139-per-share price target, arguing a recent sell-off was "a little overdone." After a challenging few months, the medical-device group is starting to show some signs that the valuations have gotten too cheap. 10. Jefferies on Monday raises its price target on Club name Pioneer Natural Resources to $265 a share, from $245, while reiterating a hold rating on the stock.
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