U.S. stock futures point to a modestly higher open, but Wall Street just can't seem to shake its recent Fed-driven turn lower.
2. Wells Fargo agrees to a $3.7 billion settlement with the government's Consumer Financial Protection Bureau over consumer abuses. Shares of the Club holding dropped about 2% in the premarket. 3. 3M promises to stop making so-called forever chemicals, setting a 2025 deadline . Ceasing PFAS production is very necessary given the issues with groundwater worldwide. 3M expects a fourth-quarter per-tax charge between $700 million to $1 billion.
Meanwhile, Analysts downgrade Norfolk Southern to hold from buy but increase PT to $262 from $240. 8. American and other airlines saw price target cuts on Wall Street. Really rather amazing that this group is back to where the Covid pandemic began. 9. Barclays raises price target on Merck to $128 per share from $110 and keeps overweight rating. Analysts cite cancer treatment dynamics. 10. Mizuho cuts price target on Tesla to $285 per share from $330 but keeps buy rating.
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