Keep An Eye Out: Pre-Market Movers And Recommendations
August 29 2023 - 7:25AM
IH Market News
AT&T (NYSE:T): Citi upgrades to buy from neutral. PT up 20%
to $17.
Celanese (NYSE:CE): Piper Sandler downgrades to
underweight from neutral. PT down 7.8% to $112.
Forward Air (NASDAQ:FWRD): Jefferies upgrades to buy from hold.
PT up 20% to $85.
Hersha Hospitality (NYSE:HT): Barclays upgrades to equal-weight
from underweight. PT up 2.1% to $10.
Snap (NYSE:SNAP): President Capital Management upgrades to buy
from neutral. PT rises 48% to $14.
Verizon (NYSE:VZ): Citi upgrades to buy from neutral. PT up 19%
to $40.
Oracle (NYSE:ORCL): UBS’s analyst Karl Keirstead increases his
rating from Neutral to Buy. The target price is reviewed upwards
from USD 120 to USD 140.
Don’t Trade Without Seeing
The Orderbook
Pre-Market Movers
The board of 3M (NYSE:MMM) approved a $6 billion settlement to
resolve claims it sold faulty combat earplugs to the U.S. military,
The WSJ reported. Shares were rising 0.7% in premarket trading.
AT&T (NYSE:T) was rising 1.6%, while Verizon Communications
gained 1.5%. Shares of both companies were upgraded to Buy from
Neutral at Citi.
Best Buy (NYSE:BBY) is expected to report fiscal second-quarter
adjusted earnings of $1.06 a share on revenue of $9.52 billion.
Shares were rising 2.6%.
Catalent (NYSE:CTLT) shares rose slightly following a Reuters
report that said the company was close to reaching a settlement
with activist investor Elliott Investment Management that would
include adding new board directors and a pledge to review strategic
alternatives such as the sale of the company.
Hawaiian Electric (NYSE:HE) stock rose 7%. A unit of Hawaiian
Electric denied Monday that its power lines were responsible for
the wildfire that destroyed the town of Lahaina.
Heico (NYSE:HEI) reported fiscal third-quarter earnings and
sales that beat analysts’ estimates but operating margins declined
to 20.7% from 22.6% a year earlier. The stock was down 5.3%.
NIO (NYSE:NIO) is expected by analysts to report a quarterly
loss Tuesday of 33 cents a share on sales of $1.3 billion,
according to Bloomberg. Shares rose 1.8%.
VinFast (NYSE:VFS) Auto stock fell back about 7%. VinFast, which
has a small free float and went public via a blank-check merger, so
far hasn’t sold many vehicles and has plenty of skeptics.
US Options Trader
Live Realtime Streaming: US
Options (OPRA), NYSE, NASDAQ, AMEX prices + Dow Jones and S&P
indices – and our innovative Options Tools, featuring Live Options
Flow.
Monday’s Post-Close Movers
OP Bancorp. said it launched a new buyback program that targets
up to 750,000 shares. Shares rose 1.3%.
TSR’s (NASDAQ:TSRI) board said it initiated a process to
identify and evaluate potential strategic alternatives to maximize
shareholder value. Shares rose 6%.
Top Company News of the Day: 3M, Chevron, BYD, Zip Co.
HEICO (NYSE:HEI)
Historical Stock Chart
From Jul 2024 to Aug 2024
HEICO (NYSE:HEI)
Historical Stock Chart
From Aug 2023 to Aug 2024