Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Things appear to be going from bad to worse for Equifax (EFX). Investors continue to unload the stock on Tuesday following news that the credit reporting agency knew of another hack earlier this year. Equifax admits the incident happened in March, months before the July 29 hack that hit nearly half the country’s consumers. Bloomberg reports the breaches involve the same criminals.
Bob Evans (BOBE) shares soared in early trading after Post Holdings (POST) agreed to buy the food company in a deal worth around $1.5 billion. Post expects to combine its refrigerated retail egg, potato and cheese business with Bob Evans’ existing refrigerated retail business.
Tesla (TSLA) shares were slightly lower in early trading after Jefferies told clients that Tesla would lose a quarter of its value and it started the stock with an underperform rating. The firm warns in a note that Tesla won’t be able to scale up as quickly as people think. Jeffries set a 12-month price target of $280, 27% below Monday’s close.
Amazon (AMZN) is expanding its partnership with Kohl’s (KSS). The department store chain will offer free returns of Amazon products in select stores. Kohl’s will pack and ship eligible return items back to the warehouses. Earlier this month, Kohl’s announced it would start selling Amazon smart-home products in select locations.