Today's Pre-Market Movers and Top Ratings | MSTR, BBWI, TGT, M and More

Shares of the brokerage firm $Robinhood (HOOD.US)$ climbed over 7% following an upgrade by Morgan Stanley, which changed its rating from equal weight to overweight. The investment firm indicated that Robinhood could see enhanced revenue growth post-election, driven by increased stock trading activity and potential crypto deregulation.

$Bath & Body Works (BBWI.US)$ shares surged 16% after the retailer's third-quarter earnings slightly surpassed Wall Street expectations. Excluding items, the company reported earnings of 49 cents per share on revenue of $1.61 billion. Analysts surveyed by LSEG had projected earnings of 47 cents per share and revenue of $1.58 billion.

$Abercrombie & Fitch (ANF.US)$ shares climbed 3% in anticipation of the clothing retailer's third-quarter earnings, set to be released on Tuesday before the market opens. Analysts surveyed by FactSet predict the company will announce earnings of $2.39 per share on revenue of $1.19 billion, with sales from its Abercrombie brand expected to be around $631.5 million and $557 million from its Hollister brand. The stock has risen over 15% this month, buoyed by growing investor enthusiasm after competitor Gap raised its full-year outlook following a robust start to the holiday shopping season.

$Strategy (MSTR.US)$ surged 3% after Bernstein significantly raised its price target from $290 to $600, indicating a potential upside of over 40% from Friday's closing price. So far this year, shares have skyrocketed approximately 568%.

$Target (TGT.US)$'s stock rose nearly 2% after Oppenheimer highlighted the retailer as a top pick, pointing to an improved risk-to-reward ratio. Despite being down about 12% for the year, Target's stock offers a very "attractive" dividend yield, according to the firm.

Shares of the retailer declined by 3% following $Macy's (M.US)$'s announcement that it would delay its official third-quarter results. This decision came after the discovery that an employee had deliberately made incorrect accounting entries to conceal delivery expenses. These discrepancies occurred over several years and amounted to between $132 million and $154 million. Despite these issues, Macy's stated that the accounting errors do not seem to have affected the company's cash position.