Finance

Spotify, Caesars, Virgin Galactic & more

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Check out the companies making headlines in the premarket Monday:

Caesars Entertainment, William Hill — Shares of Caesar’s were up more than 6% after the casino operator disclosed a cash offer of 2.9 billion pounds to buy London-based sports betting site William Hill. London-listed William Hill shares dropped more than 10%.

Snap, Spotify — An analyst at Guggenheim upgraded Snap to “buy” from “neutral,” and Spotify from “sell” to “neutral.” “Over the next 12 months, we expect the valuation scale will be tipped in favor of software, and as such, we view current software multiples as upside targets for our internet coverage,” the analyst said in a note. Both Snap and Spotify were up more…



Source cnbc.com

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