Market Overview

Morning Market Gainers

Remy International, Inc. Announces Receipt of Korean Antitrust Approval for BorgWarner Inc.'s Acquisition of Remy International, Inc.
Benzinga's Top Downgrades
Related BWA
BorgWarner Beats Revenue Consensus, Misses Guidance
Earnings Scheduled For February 14, 2019
BorgWarner Inc. (BWA) CEO Frédéric Lissalde on Q4 2018 Results - Earnings Call Transcript (Seeking Alpha)

Remy International, Inc. (NASDAQ: REMY) shares climbed 42.38 percent to $29.23 after the company agreed to be acquired by BorgWarner Inc. (NYSE: BWA) for $29.50 per share in cash.

Anacor Pharmaceuticals Inc (NASDAQ: ANAC) shares jumped 36.05 percent to $115.11 after announcing positive top-line results from atopic dermatitis studies.

OHR Pharmaceutical Inc (NASDAQ: OHRP) gained 26.25 percent to $2.87 as the company reported positive results of a Phase II clinical study for OHR-102 in retinal vein occlusion.

Markwest Energy Partners LP (NYSE: MWE) shares jumped 14.63 percent to $68.49 after the company agreed to be acquired by Marathon Petroleum MLP for $78.64 per share.

Applied Optoelectronics Inc (NASDAQ: AAOI) surged 12.74 percent to $19.07. Applied Optoelectronics reported preliminary Q2 sales of $49.6 million and raised its adjusted earnings outlook to a range of $0.36 to $0.38 per share.

Marathon Petroleum Corp (NYSE: MPC) climbed 8.52 percent to $59.13 as the company will continue as general partner of MPLX following the merger with Markwest Energy Partners LP (NYSE: MWE).

Groupon Inc (NASDAQ: GRPN) rose 3.55 percent to $5.01. Macquarie analyst Tom White upgraded Groupon from Neutral to Outperform, while reducing the price target from $7.75 to $7.

Dot Hill Systems Corp. (NASDAQ: HILL) shares surged 3.36 percent to $6.15 after the company updated its Q2 guidance. Dot Hill projected Q2 sales of $60.4 million to $60.8 million, and adjusted earnings of $0.06 per share.

Ethan Allen Interiors Inc. (NYSE: ETH) rose 1.50 percent to $28.38. Ethan Allen expects Q4 sales to drop 2.6 percent year-over-year and adjusted earnings of $0.42 to $0.43 per share.

Apple Inc. (NASDAQ: AAPL) shares gained 1.21 percent to $124.77. Societe Generale analyst Andy Perkins upgraded Apple from Hold to Buy, while maintaining a price target of $140.

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