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-- 156.060 Today's Pre-Market Movers and Top Ratings | Gap, Tesla, Stellantis and More
Morning Movers
Gapping up
$Gap Inc (GAP.US)$ has an average rating of overweight and mean price target of $28.88, according to analysts polled by FactSet.
$Gap Inc (GAP.US)$ has an average rating of overweight and mean price target of $28.88, according to analysts polled by FactSet.
Stifel analyst Stephen Gengaro maintains $Tesla (TSLA.US)$ with buy rating, and adjust the target price from USD287 to USD411.
Gapping down
The abrupt resignation of $Stellantis NV (STLA.US)$ CEO Carlos Tavares sent shares in the world's No. 4 carmaker to more than two-year lows on Monday as investors questioned its turn-around plans.
Tavares' exit leaves a void at the top of the company as management scrambles to address overcapacity and bloated inventory in the U.S., while global car demand remains sluggish and competition from Chinese rivals intensifies.
In the meantime attracting potential investors could prove a challenge "with such volatility in the management team", JPMorgan analysts wrote in a research note.
Whoever takes over the top job faces a daunting task, with dealers and industry experts saying the sprawling group of 14 brands including Jeep, Fiat, Ram, Maserati and Opel has priced itself out of the market in the U.S. and Europe alike.
US Top Rating Updates on 12/02
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