Stock Movers Today: Semiconductors, MO, MCD, GIS, BBBY

Bank of America analyst cut price targets and downgraded several semiconductor stocks. Texas Instruments (TXN) Skyworks (SWKS), and Qorvo (QRVO) were downgraded. Also, the AMD Inc. (AMD) stock price target was cut to $110 from $160. Bank of America has buy ratings for NVDA, AMD, AVGO, AMAT, MU, MRVL, NXPI, and ON. Next, Jeff Pierce weighs in on the Altria (MO) stock being downgraded to underweight from equal weight at Barclays. The Barclays analyst stated that the company is a melting ice cube. Also, the McDonald’s (MCD) stock was upgraded to overweight from neutral at Atlantic Equities. The analyst said that MCD operates a resilient business and has experienced managing through challenging periods. The General Mills (GIS) earnings report indicated $1.12 in EPS and $4.89 in revenue, beating the estimates. GIS increased their dividend by 6% to $0.54 per share. Finally, Bed Bath & Beyond (BBBY) earnings report showed -$2.83 in EPS and $1.46B in revenue. The BBBY stock price fell today f