Finance News

Shares that make the largest strikes in entrance of the market: United Airways, Amazon, Nvidia, Wells Fargo & extra

Traders are working on the floor of the New York Stock Exchange shortly before the closing bell, as the market in New York will collapse on February 25, 2020.

Lucas Jackson | Reuters

Check out the companies making headlines in front of the bell on Friday:

United Airlines (UAL) – The airline has entered into an agreement with a pilot union that represents approximately 13,000 pilots with regard to early retirement and voluntary vacation days as the industry faces massive headwinds due to the coronavirus pandemic. United's shares were down more than 2% on the pre-market.

Foot Locker (FL) – An analyst at Susquehanna raised Foot Locker from neutral to positive, raising its share price target from $ 25 per share to $ 34 per share. The new price target implies an increase of 21.5% in the next 12 months. The upgrade reflects young customers "who go to Foot Locker Inc.'s banners and websites to spend more of the newly found money in their pockets than our previous estimates," said the analyst.

Redfin (RDFN) – RBC Capital Markets downgraded Redfin from outperformance to sector performance and pointed to a high valuation after the stock shot up 400% from its mid-March low. "Valuation has increased to the extent that we consider the risk / reward balance to be reasonably balanced given the larger macroeconomic uncertainties," said RBC.

Wells Fargo (WFC) – The bank giant was upgraded to hold outperformance by an analyst at Baird, who said the stock's decline this year was an opportunity to "increase banking exposure". The analyst also said that Wells Fargo has a "highly attractive" rating when looking at a number of metrics.

Beyond Meat (BYND) – Citigroup initiated Beyond Meat with a sell rating and a target price of $ 123 per share, down 12% from Thursday's close of $ 141.22 per share. Citi expects the meatless meat producer to face long-term pressures as market competition increases and short-term struggles occur "due to its involvement in the food service segment". Beyond Meat shares fell 2.6%.

BioNTech (BNTX) – BioNTech shares listed in the US rose 2% in the pre-market after CEO Dr. Ugur Sahin had informed the Wall Street Journal that his candidate for a coronavirus vaccine could be ready for approval by December.

Nvidia (NVDA) – An analyst at Rosenblatt Securities raised its price target for the chipmaker from $ 400 to $ 500 a share, an 18.9% uptrend from Thursday close. The analyst said a "worldly shift" in computing units and "the company's entry into new markets" would drive Nvidia's sales growth in the coming years.

Amazon (AMZN) – Citigroup raised its price target on Amazon from $ 2,700 to a street high of $ 3,550 per share. The new price target implies an upward movement of more than 11% compared to Thursday's close of $ 3,182.63. The analyst said that Amazon's share price will continue to rise as the e-commerce market continues to grow.

Related Articles