Zions Bancorporation — The bank stock jumped 6.7% after Hovde Group initiated coverage of Zions at outperform, with a $40 price target, according to FactSet. That’s about 49% upside from where shares closed Friday.
Catalent — Catalent rebounded to trade 3% higher. The stock was down in premarket trading Monday. The action comes after JPMorgan Chase on Friday downgraded the pharmaceutical stock to neutral from overweight. The Wall Street firm cited macro headwinds for the rating change.
Apple — Shares of the tech giant dipped less than 1% after a downgrade from Loop Capital, which warned Apple could miss its revenue forecast for the June quarter. Shares of Apple are up more than 30% year to date.