Keep An Eye Out: Pre-Market Movers And Recommendations

ANALYST RECOMMENDATIONS:

Advanced Micro Device: Baird maintains its outperform rating and reduces the target price from $170 to $125.

Amphenol: BNP Paribas Exane maintains its outperform recommendation with a target price of $93.

Best Buy: Truist Securities maintains its hold recommendation with a price target reduced from $80 to $74.

Centerpoint: KeyBanc Capital Markets upgrades to overweight from sector weight with a target price of $29.

CMS Energy: KeyBanc Capital Markets upgrades to overweight from sector weight with a target price of $57.

Dollar General: Truist Securities maintains its hold recommendation with a price target reduced from $142 to $117.

Dollar Tree: Truist Securities maintains its buy recommendation and reduces the target price from $160 to $128.

DTE Energy: KeyBanc Capital Markets upgrades to overweight from sector weight with a target price of $106.

Entergy Corp: KeyBanc Capital Markets upgrades to overweight from sector weight with a target price of $97.

Fortive Corp: BNP Paribas Exane maintains its outperform recommendation with a target price of $91.

Genuine Parts: Truist Securities maintains its buy recommendation with a price target reduced from $191 to $172.

The Home Depot: Truist Securities maintains its buy recommendation with a price target reduced from $372 to $341.

Idexx: Piper Sandler & Co maintains its overweight recommendation and reduces the target price from $600 to $520.

Lowe’s: Truist Securities maintains its buy recommendation with a price target reduced from $256 to $235.

Nextera Energy: KeyBanc Capital Markets downgrades to sector weight from overweight.

O’Reilly Automot: Citi upgrades to buy from neutral with a price target raised from $983 to $1040. Truist Securities maintains its buy recommendation with a price target raised from $1065 to $1068.

Target: Truist Securities maintains its hold recommendation with a price target reduced from $133 to $116.

Tractor Supply: Citi downgrades to neutral from buy with a price target reduced from $250 to $207. Truist Securities maintains its buy recommendation and reduces the target price from $257 to $235.

Zoetis: Piper Sandler & Co maintains its overweight recommendation with a price target reduced from $220 to $210.

Don’t Trade Without Seeing The Orderbook

PRE-MARKET

U.S. futures fell Thursday, handing back some of the previous session’s strong gains ahead of the release of more important labor data.

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

Constellation Brands (NYSE:STZ) stock unchanged despite the drinks giant raising its annual profit target after topping sales expectations for the second quarter. The stock has gained around 8% this year to date.

ConAgra Foods (NYSE:CAG) stock fell 1.2% after the packaged food maker reported slowing demand for its products, even as it swung to a profit in the first quarter on the back of multiple rounds of price hikes.

Clorox (NYSE:CLX) stock fell 3.9% after the maker of cleaning products said it expects to post a first-quarter loss after a cyberattack in August caused product outages and disrupted supplies and operations.

Polestar (NASDAQ:PSNY) stock rose 3.4% after the EV manufacturer announced it delivered 13,000 vehicles in the third quarter, and was on course for 60,000-70,000 for the year.

Rivian (NASDAQ:RIVN) stock fell 9.2% after the EV maker announced plans to sell convertible green bonds worth $1.5 billion, maturing in October 2030.

Blackberry (TSX:BB) stock rose 3.1% after the technology company announced it will separate its Internet of Things and cybersecurity business units and target a subsidiary initial public offering for the IoT business next fiscal year.

Exxon (NYSE:XOM) stock fell 1.2% after the oil giant said it would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion, below the year ago’s record earnings but up from its second quarter.

Nvidia (NASDAQ:NVDA) stock rose 0.8% after Evercore ISI called the semiconductor a “top play” as the earnings season approaches. It has an ‘overweight’ rating on the stock, and sees plenty of upside.

Polestar Automotive Hold... (NASDAQ:PSNY)
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