Today's Pre-Market Stock Movers and Top Ratings: AZN, W, RL, DE and More
Pre-Market Stock Movers
Gapping up
(Shares of the British pharmaceutical company gained more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXd in a trial for treating a common type of breast cancer.)
(Shares gained more than 2% after Bernstein upgraded home merchandiser to market perform from underperform. The firm cited improving revenue growth and margin commentary.)
Chinese e-commerce stocks ( U.S. listed shares of $Alibaba(BABA.US$ and $PDD Holdings(PDD.US$ added nearly 4% in premarket trading, while JD.com rose 3.3%. Bloomberg reported that China is considering easing rules that cap foreign investment in domestic publicly traded companies.)
(Shares of the biotech firm rose nearly 4% in premarket trading after the company reported positive topline results from a clinical trial of treatment for patients with previously untreated bladder cancer. The results showed the treatment improved both overall survival and progression-free survival, compared with chemotherapy.)
(Shares of the chip designer added 1.3% during premarket trading. The stock jumped nearly 25% during its public trading debut but is now trading just above its $51 IPO price. Susquehanna initiated a neutral rating on the company in a Friday note.)
(Shares gained about 2% after Wells Fargo upgraded Charter Communications to an overweight rating, saying that its mobile roll-to-pay offering and rural growth should contribute to accelerating EBITDA and free cash flows.)
(The clothing brand's shares ticked up nearly 1% after Raymond James initiated an overweight rating in a note Thursday evening. Analyst Rick Patel forecasts 20% upside potential from where shares closed on Thursday.)
(Shares gained about 3% in the premarket. Jefferies on Friday called Yeti a “best-in-class” favorite in drinkware, even as the market expands to new entrants.)
Gapping down
(The tractor manufacturer fell around 1% after Canaccord Genuity downgraded shares to hold from buy, citing slowing growth for large agricultural equipment and normalizing dealer inventories.)
Source: CNBC; Investing.com
US Top Rating Updates on 9/22
$Wix.com(WIX.US$ initiated at Buy by UBS, announced target price at $125.
$CCC Intelligent Solutions Holdings(CCCS.US$ initiated at Buy by Stifel, announced target price at $14.
$Wayfair(W.US$ was upgraded by Bernstein from Underperform to Market Perform, increased target price from $60 to $65.
$Deere(DE.US$ was downgraded by Canaccord Genuity from Buy to Hold, decreased target price from $530 to $400.
$Splunk(SPLK.US$ was downgraded by Needham from Buy to Hold.
Source: Dow Jones
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