A Kohl’s logo is displayed on the exterior 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 trading:
Colgate Palmolive- — The maker of household and personal care products saw shares add more than 1% premarket after analysts at Morgan Stanley upgraded the stock being overweight, The Wall Street investment firm said the recent decline in shares makes it an attractive entry point for investors.
boot barn – The retailer was downgraded from Outperform to Neutral by Baird, citing concerns over macroeconomic risks for the sector. Boot Barn declined 2.5% during premarket trading.
Retail Stock – K Shares Macy’s rose 0.35% in early trade after Goldman Sachs said best position in retail with solid upside down. Cole’s dipped 2.4% after the firm rated it a sell, and nordstrom Shares declined after Goldman downgraded it to neutral.
Tesla — was an electric-vehicle manufacturer Upgraded by Berenberg, which said Tesla’s price cuts are part of a broader strategy and that battery cell production is another opportunity for the company to scale. Tesla was down less than 1% in the premarket.
sales force Morgan Stanley raised its price target on the software stock to $236 per share from $228, a 43% upside from Friday’s close. However, the stock was down more than 1% in premarket trading.
intel – The chipmaker then shed 1.5% in the premarket Fourth Quarter Financial Results It missed Wall Street’s expectations on Friday. Intel, which lost 9% on Friday, also forecast a loss for the current quarter.
coinbase JMP Securities reiterated their outperform rating on the stock, which has gained 85% since the start of trading on January 9, analysts said in a note on Friday. Coinbase, however, was down 2.7% in the premarket.
— CNBC’s Samantha Subin, Carmen Reinicke and Michael Bloom contributed reporting.