Before the bell, have a look at the businesses making news:
Shares of Rivian Automotive increased 3.3% before the market opened. Evercore ISI boosted its price target for Rivian Automotive and upgraded the electric vehicle manufacturer to outperform from in line, claiming that it might be the next Tesla and BYD.
The share price of Sphere Entertainment increased by more than 7% when U2 performed at the venue’s opening night on Friday in Las Vegas. There will be live athletic events and performances at The Sphere.
Insulet – In premarket trade, shares increased 3.4%. Investors should take advantage of recent underperformance to increase exposure, according to Jefferies, which raised the medical device manufacturer from hold to buy.
After D.A. Davidson changed Clorox’s rating from neutral to buy, the consumer products business saw a 3.3% increase in premarket trading. According to the investing firm, Clorox’s stock may increase if the company provides investors with additional information regarding the effects of an August cyberattack.
The news that Renaissance: A Film by Beyoncé would be released in the United States in December caused shares of the entertainment company, AMC Entertainment, to rise 2% before the bell.
Chubb — Shares dropped 1.5% after JPMorgan downgraded Chubb Limited from overweight to neutral, noting that the commercial lines market nor the stock’s valuation was as strong.
Nvidia — Shares increased more than 1% after Goldman Sachs put the chipmaker to its Americas conviction list for the month, stating that this year’s market leader will maintain its position. Buy is the stock’s rating from the Wall Street brokerage.