F, CLX, BA, PINS and more
Check out the companies making headlines before the bell. Ford Motor — The automaker jumped 2.3% after Goldman Sachs upgraded shares to buy from neutral. The firm highlighted its growing software and services and Super Duty vehicles as potential tailwinds. Disney — Shares of the media company slipped around 0.9% following a downgrade by Raymond James to market perform from outperform. Analyst Ric Prentiss believes Disney’s parks segment is coming under pressure. CVS Health – Shares rose 2% after CNBC, citing people familiar with the matter, reported that CVS is working with advisors on a strategic review of its business. Reuters first reported the news that the company is exploring options, which may include a potential breakup. Anheuser Busch InBev — The beverage maker advanced 1.5% after Citi raised its rating on shares to buy from neutral, highlighting improving margins and lower costs. The investment bank also believes Anheuser-Busch will likely announce a $1 billion share buyback program. Clorox — Shares of the household supplies company rose more than 1.5% after an upgrade to buy from hold at Jefferies. The investment firm said that Clorox was at an inflection point and should see earnings upside going forward. Alphabet — Shares rose 1.2% after Pivotal initiated coverage of Google’s parent company with a buy rating, saying that it has an “attractive valuation in any realistic scenario.” The firm’s $215 price target implies roughly 30% upside from Monday’s close for the stock. Boeing — Shares slipped about 1% following a Bloomberg report that the airplane maker is contemplating raising at least $10 billion by selling new stock to replenish cash reserves hit by a factory worker strike. Pinterest — Shares of the online platform added 3.3% after Goldman Sachs added Pinterest to its “Americas Conviction List.” The firm said Pinterest is well positioned to continue compounding top-line growth at a mid-to-high teens percentage as it improves user growth trends. HP — The information technology stock lost nearly 2% on a downgrade to neutral by Citi. The firm thinks recovery in the PC market remains challenged due to ongoing macro weakness. Alcoa — The aluminum company gained over 3%. Bank of America raised its rating on the mining stock to buy. The investment firm forecasts a bullish aluminum price outlook in 2025 and strong demand globally. Atlassian — The software product developer gained nearly 3% after Raymond James upgraded shares to outperform, citing expectations for stronger cloud growth in the 2025 fiscal year. Datadog — The cloud analytics company rose 1.7%. D.A. Davidson upgraded shares to buy and named Datadog a best-in-class name. SharkNinja — Shares climbed 1% after Oppenheimer initiated coverage with an outperform rating. The firm called SharkNinja “an attractive global consumer growth play.” — CNBC’s Sean Conlon, Sarah Min, Samantha Subin, Pia Singh, Michelle Fox and Jesse Pound contributed reporting
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