The 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:
2 hours ago
12 hours ago
Boot Barn — The retailer was downgraded to neutral from outperform by Baird, which cited concerns over macroeconomic risks for the sector. Boot Barn shed 2.5% during premarket trading.
Retail stocks — Shares of Macy’s rose 0.35% in early trading after Goldman Sachs said it is best-positioned in retail with solid upside. Kohl’s dipped 2.4% after the firm rated it a sell, and Nordstrom shares ticked lower after Goldman downgraded it to neutral.
Tesla — The electric-vehicle maker was 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.
Salesforce — Morgan Stanley boosted its price target on the software stock to $236 from $228 per share, implying 43% upside from Friday’s close. The stock, however, was down more than 1% in premarket trading.
Intel — The chipmaker shed 1.5% in the premarket, after its fourth-quarter financial results missed Wall Street’s expectations Friday. Intel, which lost 9% on Friday, also forecast a loss for the current quarter.
Coinbase — JMP Securities reiterated its outperform rating on the stock, which has rallied 85% since the start of trading Jan. 9, analysts said in a note Friday. Coinbase, however, was down 2.7% in the premarket.
— CNBC’s Samantha Subin, Carmen Reinicke and Michael Bloom contributed reporting.