Mercedes Rises on Cost Cuts and Chip News

On this episode of Stock Movers:
- Ryanair CEO Michael O'Leary struck a note of caution on UK taxes even as the airline beat earnings estimates and expects to exceed its passenger growth target for the full year.
- A2A shares reached their highest since March 2008, as Morgan Stanley upgrades to overweight, saying the firm is an “under-the-radar” potential beneficiary of a data center build-out.
- Mercedes shares rose after DZ Bank AG raised its recommendation on the German automaker from hold to buy.

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