US futures are now pointing higher and before the bell, Israel-based pharma giant Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA) is up 4.68% to US$21.25.
Elsewhere, Macy's Inc (NYSE:M) shares are up 0.23% to US$30 ahead of the bell and ahead of quarterly earnings, in which analysts expect to see US$0.35 per share on revenue of US$5.39bn before the opening bell.
Yesterday, Stifel analyst Kevin Cassidy raised his price target on the stock to US$101 from US$95. The new target is reportedly the highest on Wall Street, and represents more than 90% upside from current levels.
Arbor Realty Trust (NYSE:ABR), the real estate investor, saw shares plunge over 4% to US$8.93 after-hours after the mortgage lender also announced a public offering of shares.