Keep An Eye Out: Pre-Market Movers And Recommendations
September 11 2023 - 08:03AM
IH Market News
Every morning, find a selection of analysts’
recommendations.
The list only includes companies that have been the subject of a
change of opinion or price target, or of a new coverage.
- Amcor (NYSE:AMCR): Zacks maintains a neutral recommendation
with a reduced target price of $9.75.
- Bank of America (NYSE:BAC): Odeon Capital Group LLC maintains a
hold recommendation with a reduced target price of $28.
- Broadcom (NASDAQ:AVGO): Bernstein maintains its outperform
rating and raises the target price from $875 to $1000.
- Church & Dwight (NYSE:CHD): Evercore ISI maintains its
in-line recommendation with a target price increase from $100 to
$105.
- Eqt Corp (NYSE:EQT): Truist Securities maintains a hold
recommendation with a revised target price of $39.
- Equinix (NASDAQ:EQIX): Zacks maintains a neutral recommendation
with a reduced target price of $822.
- Equity Residential (NYSE:EQR): Evercore ISI maintains its
outperform rating with a reduced target price of $70.
- General Motors (NYSE:GM): Zacks maintains its outperform
rating with a reduced target price of $34.
- Halliburton (NYSE:HAL): Piper Sandler & Co maintains its
overweight rating with a target price raised from $46 to $56.
- Ingersoll-Rand (NYSE:IR): Zacks maintains its outperform rating
with a target price raised from $79 to $80.
- International Paper (NYSE:IP): Sadif Investment Analytics
maintains its hold recommendation on the stock with a revised
target price of $30.
- Intuit (NASDAQ:INTU): Piper Sandler & Co upgrades to
overweight from neutral. PT up 21% to $642.
- Kenvue (NYSE:KVUE): Deutsche Bank maintains its hold
recommendation with a target price of $27.
- Kraft Heinz (NASDAQ:KHC): Sadif Investment Analytics maintains
its buy recommendation on the stock with a revised target price of
$39.
- Kroger (NYSE:KR): JP Morgan downgrades to neutral from
overweight. PT reduced from $56 to $54.
- Marvell Technology (NASDAQ:MRVL): Zacks maintains a neutral
recommendation on the stock with a reduced target price of
$59.
- Procter & Gamble (NYSE:PG): Evercore ISI maintains its
outperform rating with a slightly reduced target price of
$174.
- Transunion (NYSE:TRU): Sadif Investment Analytics maintains its
hold recommendation on the stock with a revised target price of
$78.
- ZebraTechnology (NASDAQ:ZBRA): Sadif Investment Analytics
maintains its strong buy recommendation on the stock with a reduced
target price from $309 to $431.
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The New York pre-market opens the week on a high, with the
dollar index DXY (-0.40%, at 104.8668) pressured by movements by
the central banks of China and Japan and optimism with the interest
rate trajectory before the release of the August CPI, on
Wednesday.
A little while ago, the Dow Jones futures rose 0.23%, S&P
500 +0.44%, Nasdaq +0.63%.
The highlight of the session is Tesla (NASDAQ:TSLA), after
Morgan Stanley raised its 12-month target price from US$250 to
US$400 due to the presentation of the new supercomputer Dojo, which
can accelerate the adoption of robo-taxis and network services.
For the bank, the news opens up markets and could add US$500
billion in market value to the company.
A Bloomberg survey indicates that Americans’ personal
consumption — the engine of economic growth — will experience its
first quarterly decline in early 2024, the first since the
pandemic, while Treasury Secretary Janet Yellen said she was
confident of a smooth landing for the economy.
The DXY moves away from six-month highs after the Japanese
Central Bank put the end of negative interest rates on the radar
and with the PBOC warning against speculation in the yuan. European
currencies rise after projections from the European Commission
highlighting the risk of stagflation.
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