A a number of sclerosis drug is manufactured on the Biogen Idec plant in Cambridge, Mass.Essdras M Suarez | The Boston Globe | Getty ImagesCheck out the businesses making headlines noon Monday:Biogen — A Morgan Stanley analyst upgraded the biopharma firm to obese from underweight and predicted a 30% rally within the stock over the following 12 months. The analyst expects Wall Street to “price in greater odds of success for aducanumab, Biogen’s investigational drug which is the primary potential illness modifying remedy for Alzheimer’s illness.” Biogen shares rose greater than 3%. Amazon — Shares of the e-commerce big gained 0.5% after a number of Wall Street companies raised their price goal on the stock, together with Bank of America and Wells Fargo. The corporate is slated to report its second quarter outcomes on Thursday.Walgreens Boots Alliance — Walgreens shares fell greater than 2% after the corporate introduced Stefano Pessina will step down from his function as CEO. As an alternative, he’ll turn into the corporate’s subsequent govt chairman, changing Jim Skinner. Walgreens stated Skinner will stay on the corporate’s board after Pessina turns into chairman. There was no timetable set for locating the following Walgreens CEO.Moderna — Moderna jumped 7% after the corporate stated it acquired a further $472 million in authorities help because the biotech firm continues work on the event of a possible Covid-19 vaccine. On Monday, the corporate’s part three examine of the attainable vaccine, which is able to embrace at the least 30,000 contributors, started.Tapestry — Tapestry gained 1.5% after Goldman Sachs upgraded the luxurious retailer to purchase from impartial. The Wall Street agency stated it sees an “engaging valuation alternative” because the stock has lagged friends regardless of optimistic firm and business tendencies within the close to time period. Goldman additionally cited Tapestry’s “sturdy steadiness sheet, managed promotionality, and advantageous direct-to-consumer led distribution.”Hasbro — Shares of the toymaker dropped greater than 7% following its dismal quarterly earnings report. Hasbro reported earnings of two cents per share on income of $860 million. Wall Street anticipated earnings of 23 cents per share on income $992 million, in keeping with Refinitiv.Albertsons — Albertsons shares fell greater than 5% after firm reported combined fiscal first-quarter outcomes. The grocery retailer chain posted a revenue of $1.35 per share, topping a Refinitiv estimate of $1.30 per share. The corporate’s income, nonetheless, got here in at $22.75 billion. That is just under a forecast of $22.78 billion.DraftKings — The web playing stock dropped by 9% after some Main League Baseball video games had been postponed amid studies that the Miami Marlins suffered a Covid-19 outbreak. The MLB was the primary of the 4 greatest North American sports activities leagues to start play because the pandemic led to shutdowns in March.Apple — Apple rose greater than 1% and was among the many best-performing stocks regardless of a JPMorgan analyst saying the tech big may lose steam after reporting earnings later this week. “We imagine traders on the lookout for additional upside should concentrate on the longer-term earnings trajectory reasonably than anticipate near-term upside, because the probability of an earnings beat in F3Q (Jun) in addition to sturdy early 5G cycle volumes (driving upside to calendar 2H20 estimates) look like priced in,” the analyst stated.— With reporting from Pippa Stevens, Maggie Fitzgerald, Jesse Pound and Yun Li.