Altimeter Progress, J&J, FedEx & extra

Try the businesses making headlines earlier than the bell:

Altimeter Progress (AGC) — Southeast Asia’s ride-hailing big Seize is going public by way of a SPAC merger with Altimeter Progress, valued at almost $40 billion. Seize says it intends to listing on the Nasdaq below ticker image “GRAB” following the deal’s completion. Altimeter’s shares surged almost 9% in premarket buying and selling.

Johnson & Johnson (JNJ) — Shares of the drugmaker fell 2.8% within the premarket after the Meals and Drug Administration stated it’s asking states to pause administering J&J’s Covid-19 vaccine after six individuals within the U.S. developed a uncommon dysfunction involving blood clots. The FDA stated the advice is “out of an abundance of warning.” Moderna shares popped greater than 7% in early buying and selling on the information.

FedEx (FDX) — Shares of the transport firm rose in premarket buying and selling about KeyBanc Capital Markets upgraded FedEx to “chubby.” The Wall Avenue agency additionally set a $350 per share value goal on FedEx. KeyBanc stated FedEx can nonetheless develop quantity even with the return to in-person procuring.

JetBlue (JBLU), Spirit Airways (SAVE) — Shares of the airways popped in premarket buying and selling after Susquehanna Monetary Group upgraded JetBlue and Spirit Airways to “optimistic.” “With a restoration in U.S. home air journey underway, we wish to personal the low-cost carriers,” the agency’s analyst instructed purchasers.

Reserving Holdings (BKNG) — The journey firm gained in premarket buying and selling after Jefferies upgraded Reserving to “purchase” from “maintain” on a rebound in international journey. The primary additionally hiked its 12-month value goal to $2,800 per share from $2,300 per share.

3M (MMM) — Shares of the manufacturing big edged decrease within the premarket after Deutsche Financial institution added a “catalyst name” promote on 3M. The Wall Avenue agency stated the inventory has curiously outperformed in latest weeks regardless of Deutsche Financial institution’s expectation for a miss on upcoming earnings.

NortonLifeLock (NLOK) — The safety firm dipped in premarket buying and selling after Financial institution of America initiated the inventory with an “underperform” score and a $19 per share value goal. “Final yr’s COVID-related spike in demand could unwind within the subsequent few quarters and the corporate could return to detrimental tendencies in churn and subscriber additions, negatively impacting the income development,” the agency stated.

Honeywell (HON) — Shares of Honeywell rose in premarket commerce after Deutsche Financial institution put a catalyst name “purchase” score on the inventory. The agency stated buyers are unenthusiastic about Honeywell, regardless of a restoration taking maintain.

Bristol-Myers Squibb (BMY) — Shares of the pharmaceutical firm rose within the premarket about Truist upgraded Bristol-Myers Squibb to “purchase” from “maintain” with a $74 per share value goal. The Wall Avenue agency stated it likes Bristol-Myers Squibb’s drug pipeline.

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