Today's Pre-Market Stock Movers: NKE, BUD, BALL, SNPS and More
Pre-Market Stock Movers
Gapping up
(The sneaker behemoth added nearly 10% in premarket trading after a mixed earnings report. The company reported 94 cents per share and $12.94 billion in revenue, while analysts polled by LSEG forecast 75 cents and $12.98 million, respectively. Nike also reiterated mid-single digit full-year revenue growth guidance.)
(The uranium miner added 2% after the company said its fiscal full-year revenue came in at Revenue $164.4 million, dwarfing the $23.2 million seen a year ago. Uranium Energy lost 1 cent per share in the year on a GAAP basis, marking a turn after earning 2 cents per share in the prior year.)
(Shares of the meal kit company jumped more than 100% in premarket trading after Blue Apron announced that it had reached a deal to be acquired by Wonder Group for $13 per share. Blue Apron's stock closed at $5.49 per share on Thursday, with a market cap below $50 million.)
(Shares of the beer maker gained 3.9% in premarket trading after Bank of America upgraded the company to buy from neutral and said it is approaching a margins inflection point.)
(The Chili's parent climbed 4% after Stifel upgraded the stock to buy from hold. Stifel said Brinker's strategic playbook appears similar to those of Olive Garden, Popeyes and KFC, which all saw successful turnarounds.)
(The genome editing company popped 9% in premarket trading following a Stifel upgrade to buy from hold. The firm said investors may be overly negative when looking at the total addressable market.)
(Shares added 1.7% in premarket trading after the aluminum-can maker was upgraded by Jeffries to buy from hold. The Wall Street firm said fundamentals have bottomed, free cash flow is accelerating and the business is resilient in a recession.)
(The dating application stock climbed 4.1% after an upgrade to buy from Loop Capital Markets. The firm said the stock is “de-risked,” while Bumble’s strong cash balance and free cash flow generation will help protect its balance sheet.)
(The restaurant chain advanced 1.6% after Northcoast Research raised its rating to a buy. Northcoast said the company has kept traffic up more than expected and has fundamentals outperforming its current valuation.)
Source: CNBC
US Top Rating Updates on 9/29
$Synopsys(SNPS.US$ initiated at Buy by HSBC, announced target price at $551.
$Restaurant Brands International(QSR.US$ was upgraded by Loop Capital from Hold to Buy, increased target price from $77 to $81.
$Berkshire Hathaway-A(BRK.A.US$ was downgraded by Edward Jones from Buy to Hold.
Source: Dow Jones
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