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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations

Bruno T
Analysis & Opinion
October 17 2023 6:34AM

Don’t Trade Without Seeing The Orderbook

Here are some of the biggest premarket U.S. stock movers today:

NetScout Systems Inc (NASDAQ:NTCT) tumbled about -23% in pre-market trading after the company cut its FY24 guidance.

Dollar Tree Inc (NASDAQ:DLTR) gained more than +2% in pre-market trading after Goldman Sachs upgraded the stock to Buy from Neutral.

22nd Century Group Inc (NASDAQ:XXII) slumped over -11% in pre-market trading after announcing that it intends to offer and sell in a “best efforts” public offering shares of its common stock and warrants to purchase shares.

Lennox International Inc (NYSE:LII) rose more than +1% in pre-market trading after Mizuho upgraded the stock to Buy from Neutral.

ViaSat Inc (NASDAQ:VSAT) climbed over +6% in pre-market trading after JPMorgan upgraded the stock to Overweight from Neutral.

Today’s U.S. Earnings Spotlight: Tuesday – October 17th

Johnson and Johnson (NYSE:JNJ), Bank of America (NYSE:BAC), Lockheed Martin (NYSE:LMT), Goldman Sachs (NYSE:GS), Prologis (NYSE:PLD), Interactive Brokers (NASDAQ:IBKR), Bank of New York Mellon (NYSE:BK), JB Hunt (NASDAQ:JBHT), Omnicom (NYSE:OMC), Albertsons (NYSE:ACI), United Airlines Holdings (NYSE:UAL), Pinnacle (NASDAQ:PNFP), Wintrust (NASDAQ:WTFC), Hancock Whitney (NASDAQ:HWC), Fulton (NASDAQ:FULT), Preferred Bank (NASDAQ:PFBC), Mercantile (NASDAQ:MBWM), Cambridge Bancorporation (NASDAQ:CATC), Equity Bancshares Inc (NASDAQ:EQBK).

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ANALYST RECOMMENDATIONS:

AES Corp (NYSE:AES): Barclays maintains its overweight recommendation and reduces the target price from $25 to $17.

Air Products (NYSE:APD): Wells Fargo Securities upgrades to overweight from equal-weight. PT up 20% to $345.

Avantor (NYSE:AVTR): Goldman Sachs maintains its buy recommendation and raises the target price from $24 to $25.

Block (NYSE:SQ): Wolfe Research maintains its outperform rating and reduces the target price from $95 to $60.

Broadridge (NYSE:BR): Wolfe Research upgrades to peerperform from underperform.

Consolidated Edison (NYSE:ED): Wells Fargo upgrades to equalweight from underweight with a price target reduced from $96 to $94.

Danaher Corporation (NYSE:DHR): Goldman Sachs maintains its buy recommendation and reduces the target price from $260 to $250.

Dollar General (NYSE:DG): Goldman Sachs maintains its buy recommendation and reduces the target price from $160 to $138.

Dollar Tree (NASDAQ:DLTR): Goldman Sachs upgrades to buy from neutral. PT up 24% to $137.

Enphase Energy (NASDAQ:ENPH): Morgan Stanley upgrades to attractive from equalwt/in-line with a price target reduced from $159 to $135.

Eversource Energy (NYSE:ES): Wells Fargo maintains its overweight recommendation and reduces the target price from $87 to $65.

Fidelity National (NYSE:FIS): Wolfe Research upgrades to outperform from peerperform with a target price of $65.

First Solar (NASDAQ:FSLR): Morgan Stanley upgrades to attractive from equalwt/in-line with a price target reduced from $226 to $214.

Mastercard (NYSE:MA): Wolfe Research maintains its outperform rating and raises the target price from $455 to $470.

Mettler-Toledo (NYSE:MTD): Goldman Sachs maintains its neutral recommendation with a price target reduced from $1300 to $1185.

Mondelez (NASDAQ:MDLZ): BNP Paribas Exane upgrades to outperform from neutral with a target price of $75.

Progressive Corporation (NYSE:PGR): Citi downgrades to neutral from sell with a price target raised from $120 to $158.

Revvity (NYSE:RVTY): Goldman Sachs maintains its buy recommendation and reduces the target price from $140 to $120.

Solaredge Technologies (NASDAQ:SEDG): Morgan Stanley upgrades to attractive from equalwt/in-line with a price target reduced from $240 to $176.

Thermo Fisher (NYSE:TMO): Goldman Sachs maintains its buy recommendation with a price target reduced from $580 to $540.

Waters Corp (NYSE:WAT): Goldman Sachs maintains its neutral recommendation with a price target reduced from $305 to $280.