Today's Pre-Market Movers and Top Ratings | TSLA, AAPL, MDT, DAL and More
Morning Movers
Gapping up
$American International Group (AIG.US)$ 's shares gained approximately 0.8% following an upgrade from JPMorgan, which shifted its rating from neutral to overweight. This positive adjustment was influenced by what JPMorgan described as more reasonable consensus EPS forecasts.
$Tesla (TSLA.US)$ shares increased by 1% in anticipation of its highly expected Robotaxi Day, an event analysts from Wedbush believe heralds a significant growth phase in autonomous and AI technologies.
$Medtronic (MDT.US)$ enjoyed a 1% rise in its stock value after an upgrade by RBC Capital Markets to outperform, backed by a stronger faith in the company’s core business operations.
$CVS Health (CVS.US)$ saw its stocks climb by 1.6% following an upgrade by Barclays to overweight due to anticipated gains from a long-term Medicare margin recovery at its Aetna division.
Gapping down
$Delta Air Lines (DAL.US)$ stock fell by 3.0% after the carrier unveiled disappointing fourth-quarter guidance, citing the upcoming U.S. presidential election expected to temporarily slow travel spending.
$Apple (AAPL.US)$ stock fell 0.3% following Jefferies' report that demand for the iPhone 16 remains weak, with early data suggesting a significant fall in iPhone volume.
$Lululemon Athletica (LULU.US)$ stock fell 0.3% after CFRA downgraded its stance on the athletic wear retailer to hold from strong buy, due to inventory issues moving into the holiday season.
$PayPal (PYPL.US)$ stock dropped 1.8% after Bernstein downgraded the company to market perform from outperform, citing a recent rise in valuation.
$PepsiCo (PEP.US)$ stock decreased 0.3% after TD Cowen downgraded the company to hold from buy, highlighting that aggressive pricing will likely compromise its near-term pricing power.
Source: CNBC; Investing.com
US Top Rating Updates on 10/10
Source: TipRanks
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