Today's Morning Movers and Top Ratings: MU, WBA, RIVN, BK and More

$General Mills (GIS.US)$ Stifel Maintains Buy on General Mills. Shares rose by 0.70% in premarket trading.

$Bank of New York Mellon (BK.US)$ 's rating was upgraded from Market Perform to Outperform by Keefe, Bruyette & Woods. Shares rose by 0.31% in premarket trading.

$Micron Technology (MU.US)$ stock fell 5.4% after the chipmaker unveiled a current quarter financial outlook that disappointed investor expectations, which had been elevated by a surge in enthusiasm around artificial intelligence.

$Levi Strauss & Co. (LEVI.US)$ stock slumped 15.7% after the jeans manufacturer reported a miss in its fiscal second-quarter revenue, affected by sluggish demand for its Docker’s brand khakis and chinos.

$Walgreens Boots Alliance (WBA.US)$ stock fell 15.8% after the pharmacy chain cut its fiscal 2024 guidance due to a worse-than-expected retail environment and announced plans to close more stores as part of a strategic review.

$Uber Technologies (UBER.US)$ stock fell 0.2% after the ride-hailing company announced it would offer $1,000 in credits to certain commuters in the U.S. and Canada who abandon their cars for five weeks, opting instead for public and other transport services in an effort to boost business and reduce emissions.

$Rivian Automotive (RIVN.US)$ stock fell 1.8%, with shareholders looking for details on the company's upcoming models and cost-cutting progress at an investor day event, coming two days after the U.S. electric vehicle maker announced a $5 billion investment from Volkswagen.