Today's Pre-Market Stock Movers: AAPL, PANW, TGT, EL and More

$Apple (AAPL.US)$ +1% ( Apple is widely expected to announce a “Reality Pro” headset that incorporates virtual reality.)

$Palo Alto Networks (PANW.US)$ +5% ( S&P Dow Jones Indices announced Friday evening that the cybersecurity company will replace Dish Network in the S&P 500, effective June 20. Dish Network’s stock fell 4% in premarket.)

$Valley National Bancorp (VLY.US)$ +4% ( JPMorgan upgraded the stock to overweight from neutral. The Wall Street firm said the concern around Valley National's commercial real estate appears “overblown” as Manhattan offices represents less than 1% of its loans.)

$Target (TGT.US)$ -1% ( KeyBanc downgraded the retailer to sector weight from overweight, warning that the resumption of student loan repayments could squeeze Target’s margins. Shares of Target were down less than 1% in premarket trading.)

$Dollar General (DG.US)$ -0.8%. ( Morgan Stanley downgraded the discount retailer's stock to equal weight from overweight on Sunday, citing its “thesis-shifting quarter.” When reporting quarterly financials last week, the company said a challenging economic environment prompted on a miss on earnings and a cut to full-year guidance.)

$Estee Lauder (EL.US)$ -1% ( Oppenheimer downgraded the stock to perform from outperform and removed its $250 price target. The firm said Estee Lauder will struggle to meet these “aggressive” Street expectations.)