U.S. equities started the week in negative territory on Monday, dragged down by investor worries about a resurgence in coronavirus cases. Banks, industrials and energy dragged down the major averages. The technology sector rose, helped by gains in mega-cap technology darlings Apple and Microsoft.
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11:30 am: Jefferies raises price target on Chegg to a Street high, calls it the ‘forefront of educational transformation’
Jefferies raised its price target on the education technology company to $80 from $55 and said its more “constructive on CHGG after an upbeat CEO meeting.” “Chegg is leaning into recent initiatives that have yielded better than…