Stocks in the news: CIT Group, Apple, Accenture, First Solar

Melly Alazraki
Updated

Some of the companies making headlines today:

CIT Group (CIT) is seeking to cut at least $5.7 billion of debt to help it avoid collapse and return to profitability after nine quarters of losses. CIT asked bondholders to exchange unsecured obligations for new secured debt maturing in four to eight years and preferred shares. Shares jumped over 12 percent at last pre-market trade (8:47 a.m.).

Apple Inc. (AAPL) was upgraded to Buy from Neutral by UBS on bright iPhone prospects. UBS upped its Apple target to $265 from $170.

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