Today's Pre-Market Stock Movers and Top Ratings: SBUX, CVS, SMCI, TGT and More

$Dell Technologies(DELL.US)$ stock rose 1.3% after Daiwa Securities upgraded the PC maker to 'outperform' from 'neutral', citing its strong second quarter numbers as well as growing AI sales.

$CVS Health(CVS.US)$ stock rose 0.9% after Evercore ISI upgraded the drugstore operator to 'outperform' from 'in-line', as it sees operational issues improving and an attractive current valuation.

$Boston Scientific(BSX.US)$ stock rose 0.9% after the medical devices manufacturer agreed to buy Relievant Medsystems, a medical tech company, for $850 million upfront as well as milestone payments.

$Tesla(TSLA.US)$ stock rose 0.2% after the WSJ reported that the EV manufacturer was in talks with Saudi Arabia to set up a manufacturing facility in the kingdom.

$Target(TGT.US)$ stock rose 0.2% after the retailer said it will hire nearly 100,000 employees for the holiday season and offer deep discounts starting October, as it braces for a competitive shopping period.

$AutoZone(AZO.US)$ stock fell 2.1% after the auto parts retailer announced disappointing domestic commercial results, overshadowing international strength.

$Starbucks(SBUX.US)$ fell 1.3% after TD Cowen downgraded the coffee chain to 'market perform' from 'outperform', citing likely lower consumer spending in China.

$Block(SQ.US)$ stock fell 1.3% after Alyssa Henry, the CEO of the fintech's unit Square, is set to leave the company after more than nine years.

$Interactive Brokers(IBKR.US)$ initiated at Neutral by Goldman Sachs, announced target price at $97.

$Super Micro Computer(SMCI.US)$ initiated at Overweight by Barclays, announced target price at $327.

$Planet Fitness(PLNT.US)$ was downgraded by JP Morgan from Overweight to Neutral, decreased target price from $70 to $52.

$Lazard(LAZ.US)$ was downgraded by Goldman Sachs from Neutral to Sell, decreased target price from $37 to $32.