Today's Pre-Market Stock Movers: CL, KSS, INTC, JD and More
Gapping up
$Colgate-Palmolive(CL.US$ +1% (Morgan Stanley analysts upgraded the stockto overweight from equal weight. The Wall Street investment firm said the recent dropdown in shares create an attractive entry point for investors.)
$Flora Growth(FLGC.US$+36% (The company issued 2023 revenue guidance of $90 million to $105 million.)
Gapping down
$Boot Barn Holdings(BOOT.US$ -2.5% (The retailer was downgraded to neutral from outperform by Baird, which cited concerns over macroeconomic risks for the sector.)
$Kohl's Corp(KSS.US$ -2.4% (The firm was rated as a sell by Goldman Sachs.)
$Tesla(TSLA.US$ -1% (The electric-vehicle maker was upgraded by Berenberg, which said Tesla's price cuts are part of a broader strategy and that battery cell production is another opportunity for the company to scale.)
$Salesforce(CRM.US$ -1% (Morgan Stanley boosted its price target on the software stock to $236 from $228 per share, implying 43% upside from Friday's close.)
$Intel(INTC.US$-1.5% (The company's fourth-quarter financial results missed Wall Street's expectations on Friday. Intel, which lost 9% on Friday, also forecast a loss for the current quarter.)
$Coinbase(COIN.US$ -2.7% (JMP Securities reiterated its outperform rating on the stock, which has rallied 85% since the start of trading Jan. 9, analysts said in a note Friday.)
$JD.com(JD.US$-4% (The company decides to shutter e-commerce services in Indonesia, Thailand)
Source: CNBC
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