Despite the failure of the Conservative Party in the U.K. to win a majority of the seats in the House of Commons, the markets opened sharply higher with the Dow soaring 102 points to 21,285. Nasdaq gained 18 points to 6,340.
On the upside
Morgan Stanley upgraded Zynga (Nasdaq: ZNGA) from an Equal Weight rating to an Overweight rating and lifted its price target from $3.00 to $4.50.
Citi lifted its price target on Nvidia (Nasdaq: NVDA) to a record $180.
Lexicon Pharmaceuticals (Nasdaq: LXRX) reported positive results from a Phase 3 inTandem3 study of sotagliflozin.
On the downside
The Food and Drug Administration asked Endo International (Nasdaq: ENDP) to stop selling its Opana ER opioid pain drug.
BTIG downgraded Juno Therapeutics (Nasdaq: JUNO) from a Neutral rating to a Sell rating.
Morgan Stanley downgraded Teekay Offshore Partners (NYSE: TOO) from an Equal Weight rating to an Underweight rating and slashed its price target from $5.50 to $1.50.
The broader S&P 500 gained 11 points to 2,444. Bitcoin climbed $62 to $2796.
