Check out the businesses making headlines earlier than the bell:
Beyond Meat (BYND) — Shares of the alternative-meat maker dipped 2.4% in premarket buying and selling after Piper Sandler downgraded the corporate to an underweight score. “Beyond is an early leader in plant-based meat, but we believe its current all-channel retail momentum lags consensus expectations,” the agency mentioned in a observe to purchasers.
Wynn Resorts (WYNN), Las Vegas Sands (LVS) — Macao-related on line casino shares dipped once more as authorities weigh tighter laws on Macao’s gaming business. Wynn declined 1.8%, whereas Las Vegas Sands slid 2.4%. JPMorgan downgraded each shares to impartial from obese following the governmental motion, writing in a observe to purchasers that they “don’t like the uncertainty and opacity surrounding Macao and China policy.”
DoorDash (DASH) — Bank of America upgraded DoorDash to a purchase score, sending shares 3% greater throughout premarket buying and selling. The agency’s bullish name is predicated on upside to 2021 estimates in addition to a “robust” five-year progress alternative.
Cisco Systems (CSCO) — Cisco Systems gained 1.2% after a number of bullish Wall Street calls that adopted the corporate’s investor day. Credit Suisse upgraded the inventory to an outperform score, saying Cisco is poised to execute on its long-term steerage whereas ramping its recurring income streams. JPMorgan, in the meantime, reiterated its obese score and added the inventory to its analyst focus record
Fisker (FSR) — Shares of the electrical car firm dipped 2.7% after Bank of America downgraded the inventory to impartial from purchase. The agency mentioned that whereas Fisker is “one of the more legitimate among the universe of start-up electric vehicle automakers,” the “competitive landscape is becoming incredibly fierce.” Bank of America additionally downgraded Lordstown Motors (RIDE) to underperform, sending shares down 2% in premarket buying and selling.
Cabot Oil & Gas (COG) — The power inventory superior 1.3% on Thursday morning, regardless of a pullback in pure gasoline futures. Cabot’s inventory has surged 25% throughout September amid a historic run in pure gasoline, which has seen costs hit their highest stage in more than seven years.
Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) — U.S.-listed shares of Chinese tech shares declined amid ongoing fears over what new regulatory measures may imply for the group. All three shares dipped more than 1%.