Today's Pre-Market Stock Movers And Top Ratings: CVX, F, ADBE, UPS and More
Pre-Market Stock Movers
Gapping up
(The stock gained 2.4% before the bell after Morgan Stanley upgraded shares to overweight from equal weight and boosted its price target, citing artificial intelligence tailwinds.)
(Shares rose 1.6% after Goldman Sachs upgraded Chevron to buy from neutral and hiked its price target. Analysts said the oil giant is due for a breakout.)
(The stock rose 0.7% after Disney reportedly brought back two former executives who were previously considered potential successors to Bob Iger, according to a Financial Times report citing people familiar. The two are Kevin Mayer and Tom Staggs.)
(The toymaker added 2.9% before the bell after Bank of America upgraded the stock to buy from neutral. Bank of America said the company should beat expectations for earnings when it reports on Thursday given the strong demand for the Lord of the Rings Magic set.)
(The digital healthcare platform saw shares rise more than 8% premarket after Cowen upgraded the stock to outperform, saying its pharmacy benefit management partnerships – like Express Scripts and CVS’ Caremark – help not just generate a new revenue stream but also solidify the company’s position in the healthcare ecosystem. Cowen also raised its price target to reflect about 78% potential upside.)
(The chipmaker's shares gained 1.9% ahead of second-quarter earnings. ON Semiconductor is projected to report earnings of $1.21 per share on revenue of $2.02 billion, according to analysts polled by FactSet. It's set to report results Monday morning.)
Gapping down
(Shares declined 1.1% after Jefferies downgraded the stock to hold, citing weakness in Model E guidance.)
(The U.S.-listed shares of Chinese electric vehicle maker XPeng fell 2% in premarket trading. UBS on Monday downgraded the company to neutral from buy after the stock’s extraordinary run-up, saying it expects near-term upside has been priced in. The stock is up 135% this year.)
(Shares fell 1% after Credit Suisse downgraded UPS to neutral from outperform, citing labor concerns.)
(Shares fell 1.6% in premarket trading. The real estate investment trust involved in wireless communications infrastructure is set to report its second-quarter results after the close Monday.)
Source: CNBC
US Top Rating Updates on 7/31
$GE HealthCare Technologies(GEHC.US$ initiated at Buy by BofA Securities, announced target price at $15.
$Chevron(CVX.US$ was upgraded by Goldman Sachs from Neutral to Buy, increased target price to $187.
$Wayfair(W.US$ was upgraded by Piper Sandler from Neutral to Overweigt, increased target price from $35 to $97.
$Southwest Airlines(LUV.US$ was downgraded by Bernstein from Outperform to Market Perform, decreased target price from $41 to $32.
$Ford Motor(F.US$ was downgraded by Jefferies from Buy to Hold, decreased target price from $17 to $15.
Source: Dow Jones
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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