Today's Pre-Market Stock Movers: PYPL, WYNN, TSLA, HZN and More
Gapping up
$Coty Inc(COTY.US$ +2.7% (Piper Sandler upgraded it to overweight from neutral. Coty is increasing exposure to China and travel retail, which should allow for recovery tailwinds, analyst Korinne Wolfmeyer said.)
$PayPal(PYPL.US$ +3% (The company received an upgrade to a buy from a hold rating by Truist. The bank lifted its price target on the digital payments stock, saying that estimates now look reasonable.)
$Wynn Resorts(WYNN.US$ +3%, $Las Vegas Sands(LVS.US$+2% (Wells Fargo upgraded Wynn Resorts to overweight from equal weight on Macau reopening optimism.)
$Swvl Holdings(SWVL.US$ +67% (the company initiated strategic review process.)
Gapping down
$Tesla(TSLA.US$ -5% (The company reported a record 40% growth in deliveries. However, the numbers missed analyst expectations. JPMorgan analyst Ryan Brinkman cut his price target on the stock Tuesday, saying he sees more downside ahead.)
$Molson Coors Beverage(TAP.US$ -1% (The company was downgraded to underweight from equal weight by Wells Fargo, which said it sees significant downside to street estimates in 2023.)
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