Market Overview

Stocks Hitting 52-Week Highs

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Methode Electronics, Inc. (NYSE: MEI) shares reached a new 52-week high of $43.297 after the company reported better-than-expected earnings for the fiscal third quarter.

Installed Building Products, Inc. (NYSE: IBP) shares gained 5.85% to touch a new 52-week high of $19.83. RBC Capital upgraded Installed Building Products from Sector Perform to Outperform and raised the price target from $19.00 to $22.00.

American Eagle Outfitters, Inc. (NYSE: AEO) shares reached a new 52-week high of $16.39. B Riley upgraded American Eagle from Neutral to Buy and raised the price target from $15.00 to $20.00.

Pharmacyclics Inc. (NASDAQ: PCYC) shares touched a new 52-week high of $255.13 after AbbVie (NYSE: ABBV) announced its plans to acquire Pharmacyclics for $261.25 per share in cash and stock.

 

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