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ANALYST RECOMMENDATIONS:
American Express: HSBC maintains its buy recommendation with a target price of $181.
Amgen Inc: Goldman Sachs maintains its buy recommendation and reduces the target price from $310 to $305.
Avangrid: Morningstar downgrades to hold from buy with a price target reduced from $38 to $33.
Biogen Inc: Goldman Sachs maintains its buy recommendation and reduces the target price from $436 to $400.
Biomarin: Goldman Sachs maintains its buy recommendation and reduces the target price from $152 to $147.
Block: HSBC maintains its hold recommendation with a target price of $46.
Capital One: HSBC maintains its reduce recommendation with a target price of $84.
Constellation: Mizuho Securities maintains its neutral recommendation with a price target raised from $106 to $116.
Digital Realty: DBS Bank maintains its buy recommendation with a target price of $149.15.
Discover: HSBC maintains its buy recommendation with a target price of $104.
Dollar General: Gordon Haskett upgrades to buy from hold with a price target raised from $115 to $140.
Equinix: DBS Bank maintains its buy recommendation with a target price of $ 907.89.
Fortinet: Barclays downgrades to equalweight from overweight with a price target reduced from $71 to $63.
Mastercard: HSBC maintains its hold recommendation with a target price of $424.
Meta Platforms: William O’Neil & Co Incorporated upgrades to buy from dropped coverage.
Moderna: Goldman Sachs maintains its buy recommendation with a target price reduced from $285 to $269.
Old Dominion: Raymond James maintains its outperform rating and raises the target price from $440 to $455.
Paypal Holdings: HSBC maintains its buy recommendation with a target price of $69.
Pioneer Natural: Morningstar upgrades to buy from sell with a price target raised from $203 to $274.
Regeneron: Goldman Sachs maintains its buy recommendation and raises the target price from $1028 to $1064.
Synchrony: HSBC maintains its hold recommendation with a target price of $ 32.
Tractor Supply: Oppenheimer downgrades to market perform from outperform with a price target reduced from $280 to $210.
Union: Raymond James maintains its strong buy recommendation and reduces the target price from $270 to $240.
Vertex: Goldman Sachs maintains its buy recommendation and reduces the target price from $437 to $436.
Visa: HSBC maintains its hold recommendation with a target price of $266.
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Here are some of the biggest premarket U.S. stock movers today:
JPMorgan Chase (NYSE:JPM) stock rose 1% after the banking giant reported revenue in the third quarter that topped expectations, aided by higher interest rates that helped offset lower deposit balances.
Wells Fargo (NYSE:WFC) stock rose 2.2% after the fourth largest U.S. lender reported a jump in profit in the third quarter as it benefited from customers paying higher interest on loans.
BlackRock (NYSE:BLK) stock fell 2.2% despite the world’s largest asset manager reporting a 13% rise in third-quarter profit as clients pulled $13 billion from long-term funds.
Dollar General (NYSE:DG) stock soared 6.9% after the discount retailer reappointed former CEO Todd Vasos to the top job to help combat weakening traffic and margin pressure.
Activision Blizzard (NASDAQ:ATVI) stock rose 0.1% after Britain’s competition watchdog cleared the video games maker’s acquisition by Microsoft (NASDAQ:MSFT), down 0.4%, meaning the gaming industry’s largest-ever deal is set to go ahead after almost two years of legal reviews.
Ford (NYSE:F) stock fell 0.4% after a senior executive said the automaker is “at the limit” of what it can spend on higher wages and benefits for the United Auto Workers, as the union’s strike continues.
Netflix (NASDAQ:NFLX) stock fell 1.8% after Wolfe Research downgraded the streaming giant to ‘peer perform’ from ‘outperform’, flagging 2024-2025 growth forecasts as too optimistic.
Fortinet (NASDAQ:FTNT) stock fell 3% after Barclays downgraded the cybersecurity company to ‘equal weight’ from ‘overweight’, seeing a more balanced risk/reward basis going forward.