Today's Morning Movers and Top Ratings: SQ, RDDT, HTZ, WYNN and More
Morning Movers
Gapping up
$Zeta Global(ZETA.US$ The stock increased by 5% after Morgan Stanley upgraded the software firm to an overweight rating from equal-weight, anticipating positive revisions to valuation and estimates due to near-term catalysts and a "strong track record" of prudent guidance.
$Wayfair(W.US$ The home-focused e-commerce retailer's shares climbed nearly 5% following an upgrade to outperform from in line by Evercore ISI, who noted Wayfair's potential to gain market share during a recovery in the home furnishing space.
$Levi Strauss & Co.(LEVI.US$ Shares surged 8% after the company exceeded first-quarter expectations for both revenue and earnings and raised its full-year profit forecast.
$Conagra Brands(CAG.US$ The company's shares grew more than 4% after reporting fiscal third-quarter earnings and revenue that beat expectations.
$Lamb Weston(LW.US$ Shares ascended nearly 1% in anticipation of the french-fry producer’s latest quarterly results, which analysts expect to show third-quarter revenue of $1.65 billion.
$Intuitive Machines(LUNR.US$ The space stock rocketed by nearly 11% after securing a $30 million NASA contract to build a lunar terrain vehicle for the Artemis moon exploration campaign.
$Reddit(RDDT.US$ Shares slightly rose by 0.4%, recovering from the previous session's near 7% decline, even as Bernstein initiated coverage with an ‘underperform’ rating, calling it "an institutional meme stock."
Gapping down
$Hertz Global(HTZ.US$ The car rental company's stock decreased nearly 5% after a downgrade to sell from neutral by Goldman Sachs, with the analyst noting that the market hasn't fully priced in some near-term pressures.
$Block(SQ.US$ Shares of the financial services platform fell by 3% following a downgrade to underweight from equal-weight at Morgan Stanley, which mentioned "high market penetration and limited additional opportunity" as the rationale for the downgrade.
Source: CNBC; Investing.com
US Top Rating Updates on 04/04
Source: Dow Jones
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74459585 : interesting