Colgate-Palmolive, Kohl’s, Boot Barn and others
The Kohl’s logo is displayed on the facade of a Kohl’s store on January 24, 2022 in San Rafael, California.
Justin Sullivan | Getty Images
Check out the companies making the biggest moves in premarket:
Colgate-Palmolive — Shares in the home and personal care maker rose more than 1% in premarket trading after analysts at Morgan Stanley upgraded the stock to overweight. The Wall Street investment firm said the recent drop in stocks creates an attractive entry point for investors.
loading shed — Baird downgraded the retailer from “best” to “neutral”, citing concerns about macroeconomic risks to the sector. Boot Barn lost 2.5% in premarket trading.
Retail Promotions – Promotions Macy rose 0.35% in early trading after Goldman Sachs said it was in the best position in retail with strong upside potential. Kolya fell 2.4% after the firm priced it as a sale, and nordstrom shares fell after Goldman downgraded its rating to neutral.
Tesla The electric car maker has been revamped by Berenberg, which said Tesla’s price cuts are part of a broader strategy and battery cell production is another opportunity for the company to scale. Tesla lost less than 1% in premarket.
sales department – Morgan Stanley raised its software share price target to $236 from $228 per share, suggesting 43 percent upside from Friday’s close. Shares, however, fell more than 1% in premarket trading.
Intel — The chipmaker lost 1.5% in premarket trading after its fourth-quarter financial results fell short of Wall Street expectations on Friday. Intel, which lost 9% on Friday, also predicts a loss in the current quarter.
Coinbase – JMP Securities has affirmed its best rating on the stock, which is up 85% since the start of trading on Jan. 9, analysts said in a Friday note. Coinbase, however, fell 2.7% in premarket trading.
– Reporting from CNBC Samantha Subin, Carmen Reinicke and Michael Bloom.