Today's Pre-Market Stock Movers And Top Ratings: MSFT, JPM, LEN, T and More

$Jpmorgan Chase & Co(JPM-C.US)$ +2.7% (The bank stock climbed 2.7% after reporting better-than-expected earnings due to higher interest rates and strong bond trading from the investment bank side. The company reported an adjusted $4.37 per share and $42.4 billion in revenue, while analysts polled by Refinitiv estimated $4 a share and $38.96 billion.)

$Wells Fargo & Co(WFC.US)$ +3.87% (Shares climbed nearly 4% after an earnings beat due to a 29% increase in interest income. Wells reported an adjusted $1.25 per share and $20.53 billion in revenue, while analysts polled by Refinitiv forecasted $1.16 per share and $20.12 billion.)

$Citigroup(C.US)$ +1.47% (Citi stock added nearly 2% in premarket trading after beating on earnings. The firm reported an adjusted $1.33 per share and $19.44 billion in revenue. Analysts polled by Refinitiv forecasted $1.30 per share and $19.29 billion.)

$Microsoft(MSFT.US)$ +1.8% (Microsoft gained 1.8% after UBS upgraded the tech stock to buy from neutral. The Wall Street firm said the recent weakness in the stock, which is a major artificial intelligence play, is an opportunity for investors. UBS also hiked the price target to $400, implying more than 16% upside. Microsoft is higher by 42% this year.)

$UNITED HEALTH PRODUCTS INC(UEEC.US)$ +3.4% (The healthcare stock climbed 3.4% after beating on earnings. The company reported an adjusted $6.14 per share and $92.9 billion in revenue while analysts polled by Refinitiv forecasted $5.99 and $91 billion.)

BlackRock -0.51% (Shares slipped roughly 1% after quarterly results. The investment firm reported an adjusted $9.28 per share and $4.46 billion in revenue while analysts surveyed by Refinitiv expected $8.45 per share and $4.45 billion.)

Coinbase -1.2% (Stock in the cryptocurrency exchange pulled back 1.2% in premarket trading. Shares of Coinbase are coming off of a strong rally a day earlier thanks to a ruling in a case concerning the cryptocurrency XRP. A judge in New York's Southern District said that the token may not classify as a security.)

AT&T -1.3% (Shares of the telecommunications giant slipped 1.3% after a downgrade to neutral from JPMorgan over increased competition in both its wireless and cable segments.)

$Moderna(MRNA.US)$ initiated at Reduce by HSBC, announced target price at $97.

$BioNTech(BNTX.US)$ initiated at Buy by HSBC, announced target price at $124.

$Microsoft(MSFT.US)$ was upgraded by UBS from Neutral to Buy, increased target price from $345 to $400.

$Lennar Corp(LEN.US)$ was upgraded by Raymond James from Market Perform to Outperform, increased target price to $150.

$Progressive(PGR.US)$ was downgraded by Wells Fargo from Overweight to Equal-weight, decreased target price from $162 to $128.

$AT&T(T.US)$ was downgraded by JP Morgan from Overweight to Neutral, decreased target price from $22 to $17.