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Discover the companies that make the headlines before the bell:
Restaurant Brands International – Restaurant Brands reported lower-than-expected quarterly profit as sales of its Tim Hortons business dropped unexpectedly. The company made a profit of 55 cents per share. Analysts surveyed by Refinitiv forecast earnings per share of 58 cents. Tim Hortons sales were down 0.6% in the quarter, while analysts forecast a 2% increase.
Target – A Barclays analyst outperformed the retailer's stock to make it "overweight", pointing out that the company is ahead of Amazon in same-day shipments and "has put in place a supply chain that fills e-commerce mainly from delivery stores in a day is much easier), which contrasts sharply with most retailers. "
Anadarko Petroleum – Anadarko has announced that it will resume sales negotiations with Occidental Petroleum after agreeing to sell its business to Chevron. Anadarko said Monday that the Western bid might be "superior" to Chevron.
American Airlines – The airline has been modernized to become "purchased" by "Deutsche Bank" even though American has recently lowered its earnings guidance for the year. "We believe that management's revision of expectations essentially sets a" floor "for the AAL stock price and provides the company with a little more" cushion "in relation to its profit targets," he said. the analyst in a note.
Gardner Denver – Gardner Denver shares rose nearly 30% after the Wall Street Journal was published after the industrial company was in talks for a merger with an Ingersoll-Rand division. According to the report, the deal would give Gardner Denver about $ 15 billion in value and involve cash and stocks.
Walt Disney – JP Morgan has raised its target price on Disney to $ 150 a share, from $ 137 a share after Marvel's "Avengers: Endgame" destroyed box office records of $ 1.2 billion dollars at its world debut. "The underlying business continues to perform very well with several notable catalysts that we believe could continue to outperform," Morgan said.
Spotify Technology – The streaming music company has announced that it now has 100 million paid subscribers for its premium service, thereby concealing a larger quarterly loss than expected. Spotify shares rose nearly 4% before the bell.
CVS Health – CVS slipped into the market before the sale after Credit Suisse downgraded the stock, calling it "outperforming", citing "historically high" leverage and reducing the costs of its pharmaceutical operations.
Boeing – The Wall Street Journal has announced that the aircraft manufacturer has not told Southwest Airlines, its biggest customer of the 737 Max, that a security feature of the plan has been disabled. The report also said that Southwest was aware of the case only after the Lion Air crash last month.
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