In this report: Endeavor International Corp. (NYSE:END), Masco Corp. (NYSE:MAS) and News Corp. (NASDAQ:NWSA).
Endeavor International Corp. (NYSE:END) shares are trading sharply lower today after soaring by more than 11 percent on Wednesday after the company Rodman & Renshaw upgraded the company to ‘Market Outperform’ from ‘Market Perform’. The investment bank reinstated a $12.50 price target on the oil and gas company and cited its purchase of three North Sea production assets from ConocoPhillips for $330 million for the move. Rodman & Renshaw stated that the move will likely benefit the company and see its reserves and production levels increase. Endeavor International currently trades at $8.35 per share.
Masco Corp. (NYSE:MAS) as well as other building suppliers and companies related to the housing industry are trading higher today after the National Association of Realtor’s index of pending homes sales climbed by 7.3 percent in November. The last time the index was that high was in April of 2010. Masco Corp. currently trades 6.7 percent higher today at $10.54 per share.
News Corp. (NASDAQ:NWSA) is trading over 2.1 percent higher today after the company received an upgrade by analysts at RBC Capital Markets. The firm upped its rating on Rupert Murdoch’s media empire to ‘Top Pick’ from ‘Outperform’ which helped push the stock to its current price of $17.83 per share.
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