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Lions Gate Entertainment, Legg Mason, Lyft & more



Check out the companies that made headlines before the bell:

Lions Gate Entertainment – Lions Gate received an informal offer from CBS to purchase its Starz cable network, sources have told CNBC. However, there is no deal before, according to sources. CBS submitted an offer to Starz before it was purchased by Lions Gate in 2016.

Legg Mason – According to Dow Jones, Legg Mason is close to an agreement with the activist hedge fund Trian Management. Persons familiar with the matter say that Trian, the money manager, would give three or four seats on the board and that a deal could be announced soon.

Lyft ̵

1; Lyft was sued by a group of investors for its IPO. The lawsuit alleged that Lyft had misled investors about its market position and labor issues, and that the company's "false and misleading" statements were driving up the company's stock price. The stock has lost 25% since its IPO.

Goal – Target has been raised from "underweight" at Morgan Stanley to "Equilibrium", with concerns over the mid-term profit margins of Target now apparently reflected in the stock price. The retailer is expected to report its quarterly earnings on Wednesday morning.

Tesla – A Wedbush analyst report expresses concern over the underlying demand for the automaker's model 3 in the US and said that Tesla faces a significant upward trend in the second half of the year.

T-Mobile USA – According to a Bloomberg report, T-Mobile will announce the sale of assets and other licenses to obtain approval to purchase wireless competitor Sprint.

Uber – Uber's IPO has been undermined by big investors, according to the Wall Street Journal. The newspaper said BlackRock, Tiger Global Management and other pre-IPO investors bought more shares in the offering and tried to sell shares before or during the IPO.

GrubHub – GrubHub was sued by a Philadelphia restaurateur who demands $ 5 million in damages and class action lawsuit. According to the New York Post, the delivery service is accused of charging restaurants for phone calls, even if no order has been placed. GrubHub said it denies the allegations and that the lawsuit is unfounded.

Boeing – Boeing has received a large jet order from Air New Zealand, according to people with direct knowledge of the matter, who have spoken with Reuters. This would end an 18-month competition for Air New Zealand between Boeing and Airbus.

International Game Technology – The manufacturer of gaming machines and other gambling products reported an adjusted quarterly profit of 12 cents per share, well below the 23 cents an estimate of the stock consensus. Revenue was also below Wall Street forecasts. However, the company was able to return to profitability after losing a year ago.

Canada Goose – Outerwear manufacturer has been "rebuilt" at HSBC as the brand sees strong growth prospects and the company is successfully shifting into the focus of trading.


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