— Shares of TripAdvisor rose 2% after Cowen upgraded the travel service to market perform from underperform. Cowen said the stock's pullback after disappointing third quarter results more adequately values TripAdvisor, although the firm also cut its price target to $30 from $39.
— Cabot Microelectronics shares plummeted more than 18% on the back of disappointing revenue guidance. The company expected fiscal first-quarter revenue to come in flat on a year-over-year basis. That would be below a FactSet estimate of $285.9 million. Cabot's fiscal 2020 EBITDA guidance also missed estimates.
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