Today's Pre-Market Stock Movers and Top Ratings: ORCL, AXP, ABNB, LOW and More
Pre-Market Stock Movers
Gapping up
$Lowe's Companies(LOW.US$ stock rose 0.9% after Bernstein upgraded its stance on the home improvement retailer to ‘outperform’ from ‘market perform’, saying tailwinds are starting to add up.
$Airbnb(ABNB.US$ stock rose 5.7% and $Blackstone(BX.US$ stock added 3.8% with the two companies set to join the benchmark S&P 500 index.
$Oracle(ORCL.US$ stock rose 1.9% after Barclays upgraded its stance on the software firm to ‘overweight’ from ‘equal weight’, citing artificial intelligence tailwinds.
$Tesla(TSLA.US$ stock rose 0.2% with the U.S. EV manufacturer suing a Chinese firm over tech secret infringement and unfair competition disputes, Shanghai Securities Journal reported on Tuesday.
$Fidelity National Financial(FNF.US$ stock rose 5.4% after a filing showed that Citigroup increased its stake in the financial services company by just over 23% during the first quarter of this year.
$Brady Corp(BRC.US$ stock rose 12% after the industrial company reported record earnings in its fiscal fourth quarter, raised its dividend and expanded its share buyback program.
Gapping down
$Disney(DIS.US$ stock fell 0.1% while Charter Communications (NASDAQ:CHTR) stock fell 0.3% after Disney said it hoped it would be able to reach an agreement to restore access to ABC, ESPN and other Disney-owned channels that have been blacked out on Charter's service since Thursday.
Source: CNBC
US Top Rating Updates on 9/5
$American Express(AXP.US$ was upgraded by RBC Capital from Sector Perform to Outperform, increased target price from $197 to $200.
$Domino's Pizza(DPZ.US$ was upgraded by TD Cowen from Market Perform to Outperform, increased target price from $420 to $450.
$Douglas Emmett Inc(DEI.US$ was downgraded by Piper Sandler from Overweight to Neutral, decreased target price to $15.
$FMC Corp(FMC.US$ was downgraded by UBS from Buy to Neutral, decreased target price from $120 to $97.
Source: Dow Jones
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