Kroger See the companies that make headlines in Friday lunches. Robinhood – Shares of the trading app fell more than 7% after Goldman Sacks downgraded the stock to sell-off. The Wall Street company cited declining retail engagement levels, a continuing weakness in account development and a limited path to short-term profitability for its up-to-date outlook. WD-40 – The lubricant maker reported quarterly results that exceeded analysts’ expectations, leading the stock to rise nearly 9%. The WD-40 reported a gain of $ 1.41 per share, easily exceeding Refinitiv’s consensus estimate of $ 1.01 per share. EPAM Systems – The shares of the software company increased by 12.5% after the announcement of EPAM Systems that it will end its activities in Russia. Stifel analysts said in a note late Thursday that they interpreted the decision as “positive as it removes the most visible protrusion”. Kroger – Grocery chain shares jumped almost 3% after Bank of America upgraded Kroger’s share to buy from neutral. The company believes that Kroger can pass on the cost of rising food prices to customers. Objective – Shares jumped 2.5% in midday trading. Target on Thursday was named the top retailer by Barclays, which said the stock was undervalued given its fundamental strength. UPS – UPS shares fell about 0.8% after Bank of America shares fell, citing “worsening demand”. The bank downgraded eight other transport companies, which it worries will be hit by falling prices and a slowdown in demand. HP – Shares of computer maker fell nearly 3% after UBS downgraded the stock to market neutral. UBS believes that high valuations and a weak consumer climate will limit the upward trend for HP. The call comes after Warren Buffett’s Berkshire Hathaway bought a significant stake in the company this week. – CNBC’s Yun Li and Samantha Subin contributed to the report.
