Amazon, Warner Bros, and Dow rise premarket; Nio, Nike, HP fall

Evercore ISI on Amazon.com (AMZN): 'We strongly reiterate our Outperform', 'compelling entry/adding opportunity'

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $190.00 price target on Amazon.com (NASDAQ: AMZN)

The analyst comments "We strongly reiterate our Outperform rating and $190 PT. We believe the recent 15% correction in AMZN shares driven by a number of macro, market & company... More

CFRA Upgrades Nike (NKE) to Hold

CFRA analyst Zachary Warring upgraded Nike (NYSE: NKE) from Sell to Hold with a price target of $88.00.

The analyst comments "We maintain our 12-month price target of $88, based on 25.1x our FY 2024 (Mar.) EPS estimate and below the company's 10-year average forward P/E multiple of 29.4x,... More

AstraZeneca (AZN) growth opportunities 'overlooked' - Jefferies

Jefferies upgraded shares of AstraZeneca (NASDAQ: AZN) to Buy from Hold, lifting the price target to 13,000p per share, up from 10,500p in a note Monday.

Analyst Peter Welford told investors in a note that the "Mene" growth options beyond oncology... More

Nio (NIO) denies reports of $3B fundraising effort

Chinese electric vehicle maker, Nio Inc. (NYSE: NIO) released a statement Monday denying reports that the automaker is considering raising $3B in capital from investors.

The report, originally submitted by Bloomberg, cites unnamed sources familiar with the matter and claims the company has... More

Dow (DOW) upgraded at JP Morgan on attractive dividend

Shares of Dow (NYSE: DOW) gained 1.4% in pre-open trading Monday following an upgrade of the industrial conglomerate given its attractive dividend.

JP Morgan analyst Jeffrey Zekauskas lifted his rating on the stock to Overweight from Neutral while keeping his $55 price target, noting the stock offers a 5.6% dividend yield and reasonable valuation.

"We think the recent downward movement in equity... More