Potential Twitter bid; Goldman Sachs upgrades Eli Lilly; US Labor Dept launches review of Wells Fargo

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Twitter (TWTR) – Wall Street is closely watching Twitter following speculation that it’s moving closer to being acquired. Disney (DIS) and Microsoft (MSFT) are both reportedly interested in making an offer for the company.

Eli Lilly (LLY) – Goldman Sachs (GS) upgraded the drug maker to buy from neutral with a price target of $95 per share, implying upside of 19%. Goldman’s bullish call on Eli Lilly comes as the company expects it to post significant revenue and earnings growth.

Wells Fargo (WFC) – The Labor Department has agreed to review Wells Fargo after lawmakers say the bank may have pressured employees to meet lofty sales quotas. Congress is interested in whether or not Wells Fargo violated wage and overtime rules.

IMAX Corporation (IMAX) – The company has signed a new multi-picture agreement with Fox. Under the terms of the new deal, “Maze Runner: The Death Cure,” “The Predator,” “Alita: Battle Angel” and Fox’s upcoming Marvel movie will be shown in IMAX format.