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Today's Pre-Market Stock Movers: TGT, AXP, COIN, DPZ and More

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Movers and Shakers wrote a column · Jun 15, 2023 07:54
Gapping up
$Target (TGT.US)$ +1.14% (Target announced it would increase its dividend by 1.9%, or 2 cents, to $1.10 per share.)
$Aldeyra Therapeutics (ALDX.US)$ +7.89% (Aldeyra announced it say statistical significance in the primary and all secondary endpoints for a drug that could be used for a type of eye inflammation.)
$Domino's Pizza (DPZ.US)$ +2.31% (The pizza chain rose 2.3% following an upgrade to buy from hold by Stifel. The firm noted delivery sales will continue to stabilize while carry-out sales grow in the next 12 months.
$Corning (GLW.US)$ +1.68% (Shares added 1.7% after being upgraded by Citi to buy from neutral. The Wall Street firm said it has “greater conviction” in the glass maker's margin recovery potential and boosted its price target to $40 from $36, suggesting upside of more than 20% from Wednesday's close.)
Gapping down
$Cognyte Software (CGNT.US)$ -1.26% (Cognyte posted a loss of 23 cents per share excluding items, slightly larger than the 22 cent consensus estimate of analysts polled by FactSet. But revenue came in stronger than expected, with Cognyte reporting $73.4 million against Wall Street's $71.5 million forecast.)
$American Express (AXP.US)$ -2.60% (Citi warned that credit card spending trends have slowed. Citi opened a negative catalyst watch for American Express, warning that travel and entertainment categories are slowing more sharply than other categories.)
$Coinbase (COIN.US)$ -4.92% (Mizuho questioned if traders were moving to Robinhood, which was down 5% before the bell. Mizuho reiterated its underperform rating in a note to clients.)
$SoFi Technologies (SOFI.US)$ -4.72% (Oppenheimer downgraded the financial technology stock to perform from outperform. Despite staying bullish long term, Oppenheimer said the downgrade came following a period of the stock price seeing appreciation much stronger than experienced in the broader market.)
$Zions Bancorp (ZION.US)$ -1.50% ( Janney downgraded Zions Bancorp to neutral from buy, and lowered its fair value estimate, saying it sees weaker spread income and margin on rising funding costs.)
Source: CNBC
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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