[ad_1]
Find out which companies are making the headlines before the bell:
Beyond Meat (BYND) – Shares of the alternative meat maker fell 2.4% in pre-market trading after Piper Sandler lowered the company to an underweight. “Beyond is an early leader in plant-based meat, but we believe its current all-channel retail momentum lags behind consensus expectations,” the company said in a note. to customers.
Wynn Resorts (WYNN), Las Vegas Sands (LVS) – Shares of Macau-linked casinos have fallen again as authorities weigh on tighter regulations on Macau’s gambling industry. Wynn fell 1.8%, while Las Vegas Sands slipped 2.4%. JPMorgan downgraded both stocks to neutral from overweight in the wake of the government action, writing in a note to clients that they “don’t like the uncertainty and opacity surrounding Macau policy and the China”.
DoorDash (DASH) – Bank of America upgraded DoorDash to a buy note, sending stocks 3% higher during pre-market trading. The company’s bullish call is based on upside estimates through 2021 as well as a “robust” five-year growth opportunity.
Cisco Systems (CSCO) – Cisco Systems gained 1.2% after several bullish calls from Wall Street that followed the company’s investor day. Credit Suisse raised the stock to an outperformance rating, saying Cisco is poised to execute on its long-term forecast while increasing its recurring revenue stream. JPMorgan, meanwhile, reiterated its overweight rating and added the stock to its analyst priority list.
Fisker (FSR) – Shares of the electric vehicle company fell 2.7% after Bank of America lowered the stock to neutral from buy. The firm said that while Fisker is “one of the most legitimate among the world of early stage electric vehicle manufacturers,” the “competitive landscape is getting incredibly fierce.” Bank of America also downgraded Lordstown Motors (RIDE) to underperform, causing stocks to fall 2% in pre-market trading.
Cabot Oil & Gas (COG) – Energy stock rose 1.3% Thursday morning, despite a decline in natural gas futures. Cabot stock jumped 25% in September amid a historic rise in natural gas, which saw prices reach their highest level in more than seven years.
Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) – U.S.-listed shares of Chinese tech stocks fell amid lingering fears about what new regulatory measures might mean for the group. All three stocks fell more than 1%.
[ad_2]
Source link