Today's Pre-Market Stock Movers And Top Ratings: DAL, PEP, DPZ, TMO and More

$Delta Air Lines (DAL.US)$ +4.07% (Delta Air Lines jumped 4% after the airline operator reported its highest-ever quarterly earnings and revenue, and raised its 2023 earnings forecast. Delta posted adjusted earnings per share of $2.68 cents, more than the $2.40 expected by analysts polled by Refinitiv. It gained adjusted revenue of $14.61 billion, greater than the $14.49 billion consensus estimate.)

$PepsiCo (PEP.US)$ +2.43% (The beverage stock rose 2% after PepsiCo on Thursday beat earnings and revenue expectation in its recent results, and raised its full-year outlook. The firm reported adjusted earnings of $2.09 per share, more than the $1.96 per share consensus estimate from Refinitiv. It reported revenue of $22.32 billion, greater than the forecasted $21.73 billion.)

$Disney (DIS.US)$ +1.5% (Shares of the entertainment giant were up about 1.5% in premarket trading after Disney announced CEO Bob Iger’s contract had been extended through 2026. Iger had previously told CNBC that he had no plans to stay through 2024 in his return stint to Disney.)

$Alphabet-A (GOOGL.US)$  +1.51% (Alphabet gained more than 1% after it said it's rolling out its Bard chatbot in the European Union and Brazil.)

$MillerKnoll (MLKN.US)$ -5.22% — (MillerKnoll shares fell more than 5% in the premarket. The furniture company behind the Noguchi table and Eames office chairs beat fiscal fourth-quarter earnings expectations. MillerKnoll posted adjusted earnings of 41 cents per share on revenues of $957 million. Analysts polled by Refinitiv had expected per-share earnings of of 39 cents on revenues of $946 million.)

$Carvana (CVNA.US)$ -6.4% (The online used-car dealer dropped 6.4% after being downgraded by JPMorgan to underweight from neutral. The Wall Street firm said Carvana’s valuation has “disconnected materially from fundamentals.” Its price target of $10 implies 74% downside. )

$American Tower Corp (AMT.US)$ initiated at Outperform by BMO Capital, announced target price at $70.

$Pioneer Natural Resources (PXD.US)$ initiated at Hold byBenchmark.

$Domino's Pizza (DPZ.US)$ was upgraded by Northcoast Research from neutral to buy, increased target price from to $430.

$Thermo Fisher Scientific (TMO.US)$ was upgraded by Credit Suisse from neutral to outperform, increased target price to $620.

$Carvana (CVNA.US)$ was downgraded by JP Morgan from Neutral to Underweight, decreased target price to $10.