Keep An Eye Out: Pre-Market Movers And Recommendations

3M (NYSE:MMM): Melius Research maintains its hold recommendation with a reduced target price of $158.

Adobe (NASDAQ:ADBE): RBC Capital maintains its outperform rating with a raised target price of $615.

Air Products & Chemicals (NYSE:APD): Alembic Global Advisors maintains its overweight recommendation with a target price raised from $350 to $355.

Block (NYSE:SQ): Baird downgrades to hold from outperform. PT reduced from $92 to $72.

Broadcom (NASDAQ:AVGO): Bernstein maintains its outperform rating and raises the target price from $875 to $1000.

Brown-Forman (NYSE:BF.B): Bernstein maintains its market perform recommendation with a target price raised from $73 to $76.40.

Cardinal Health (NYSE:CAH): Zacks maintains a neutral recommendation with a reduced target price of $93.

Danaher (NYSE:DHR) : Melius Research maintains its buy recommendation with a reduced target price of $306.

Dell Tech (NYSE:DELL): Bernstein maintains its outperform rating with a target price raised from $60 to $70.

Dupont de Nemours (NYSE:DD): Melius Research LLC downgrades to hold from buy. PT down 7% to $82.

Eaton (NYSE:ETN): Melius Research LLC maintains its buy recommendation with a target price raised from $210 to $239.

Eog Resources (NYSE:EOG): Zacks maintains a neutral recommendation with a target price increase from $137 to $141.

Etsy (NASDAQ:ETSY): Loop Capital Markets maintains a hold recommendation on the stock with a reduced target price of $70.

Evergy (NASDAQ:EVRG): Wolfe Research maintains its outperform rating on the stock.

Factset Research (NYSE:FDS): Zacks maintains a neutral recommendation with a reduced target price of $460.

General Mills (NYSE:GIS): Zacks maintains a neutral recommendation with a reduced target price from $77 to $70.

Honeywell (NASDAQ:HON): Melius Research maintains a buy recommendation with a reduced target price of $226.

Kenvue (NYSE:KVUE): Deutsche Bank maintains its hold recommendation with a target price of $27.

Microsoft (NASDAQ:MSFT): Zacks maintains a neutral recommendation with a revised target price of $351.

Newmont (NYSE:NEM): Raymond James maintains its outperform rating with a reduced target price of $59.

Oracle (NYSE:ORCL): Citi maintains a neutral recommendation with a target price raised from $121 to $138.

Parker Hannifin (NYSE:PH): Melius Research maintains a buy recommendation with a reduced target price of $534.

Qualcomm (NASDAQ:QCOM): Morningstar maintains a hold recommendation for the stock with a target price of $140.

Regions Financial (NYSE:RF): Odeon Capital Group maintains a buy recommendation with a reduced target price of $19.50.

Rockwell (NASDAQ:RMTI): Melius Research maintains a buy recommendation with a slightly reduced target price of $347.

Trane (NYSE:TT): Melius Research maintains its buy recommendation with a target price increase from $247 to $255.

Truist Financial (NYSE:TFC): Zacks downgrades to underperform from hold. PT reduced from $27 to $25.50.

Ventas (NYSE:VTR): Scotiabank maintains its sector perform recommendation with a reduced target price from $49 to $48.

Welltower (NYSE:WELL): Scotiabank maintains its sector outperform recommendation with a reduced target price of $94.

W.W Grainger (NYSE:GWW): Melius Research maintains a hold recommendation with a revised target price of $879.

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U.S. futures traded lower Tuesday, handing back some of the previous session’s gains as investors await more inflation data during the week to assess the possibility of more Federal Reserve rate hikes this year.

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

Oracle (NYSE:ORCL) stock fell 10% after the computer software company disappointed with its current-quarter revenue guidance, with the firm attributing this to the accelerated transition of its recent acquisition Cerner (NASDAQ:CERN) to the cloud.

Apple (NASDAQ:AAPL) stock rose 0.2% ahead of the iPhone maker’s latest hardware update in California later in the session, which is expected to see the launch of the iPhone 15.

Boeing (NYSE:BA) stock rose 0.1% after SMBC Aviation Capital, the world’s second largest aircraft leasing firm, said it had concluded an order for 25 Boeing 737 MAX aircraft in a deal worth more than $3.7 billion at current list prices.

Geron (NASDAQ:GERN) stock rose 7.3% after Goldman Sachs upgraded its stance to ‘buy’ from ‘neutral’, citing the potential for the company’s new drug application for imetelstat, aimed at treating lower-risk MDS.

WestRock (NYSE:WRK) stock jumped 6.9% after the company agreed to merge with Smurfit Kappa, to create the world’s largest listed paper and packaging company worth nearly $20 billion.

United Parcel Service (NYSE:UPS) stock fell 1.2% after the delivery giant stated that its new five-year contract covering some 340,000 Teamsters-represented workers in the United States would increase wage and benefit costs at a 3.3% compound annual growth rate over the life of the agreement.

Acelyrin (NASDAQ:SLRN) stock slumped over 50% after the drug maker’s experimental lead drug failed to show it was effective enough in reducing symptoms of an inflammatory skin disease.

Sight Sciences (NASDAQ:SGHT) stock fell over 30% after the manufacturer of ophthalmology surgical devices cut its revenue outlook, citing uncertainty about the future of Medicare coverage for its products.

Tuesday’s Wall Street Highlights: Apple, Acelyrin, WestRock, Oracle, UPS, and more

Rockwell Medical (NASDAQ:RMTI)
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