Today's Pre-Market Stock Movers And Top Ratings: GAP, UBER, SOFI, EL and More

(The retail stock climbed nearly 4% after Barclays upgraded Gap to overweight from equal weight. Analyst Adrienne Yih assigned a $13 price target to the company, which suggests shares could rally 26.2% from Monday's close. )

(Shares rose 2% after Incyte beat analysts' expectations in its latest results. The pharmaceutical company reported second-quarter revenue of $954.6 million, exceeding the FactSet consensus estimate of $909.7 million. Per-share adjusted earnings came in at $0.99, higher than the forecasted $0.72 per share. )

(Shares of the ride-hailing giant rose more than 2% in premarket trading after the company reported second-quarter results that missed analysts' expectations for revenue but offered rosy guidance for the third quarter. )

(Shares of the manufacturing company gained 1.4% after reporting better-than-expected earnings and revenue. Caterpillar warned of potential decline in sales and margins for the third quarter, however. )

(The financial technology stock dropped 3.7% after KBW analyst Michael Perito downgraded the stock from underperform from market perform. )

(The beauty stock shed 1.1% following a Barclays downgrade to neutral from buy. The firm said difficulties in China could weigh on the business in the near-term.)

(Shares of the pharmaceutical giant rose nearly 2% premarket after the company reported second-quarter revenue that topped expectations, driven by sales of its blockbuster cancer drug Keytruda and HPV vaccine Gardasil. Merck also posted a narrower than expected loss for the quarter.)

(Shares sank by nearly 20% in premarket trading after the data company reported a weak outlook for third-quarter revenue. ZoomInfo, which posted results after Monday's close, said it anticipates $309 million to $312 million in revenue, falling short of analysts' expectations of $326 million as gauged by Refinitiv. )

Source: CNBC

Source: Dow Jones

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