See which businesses are making news before the bell.
Dollar General — Dollar General shares dropped 2% after JPMorgan downgraded the retailer from neutral to underweight as its core customer faces ongoing inflationary pressures and shrinking reserves.
Google+ — Shares increased more than 3% before the market opened after management stated during the business’s maiden investor day that it anticipates year-over-year revenue growth to pick up speed after slowing in 2022 and 2023. Both Citi and D.A. Davidson raised their price targets in response on Wednesday and upgraded their stock to buy.
Mills, General The manufacturer of Yoplait and Cheerios increased 1% in premarket trading after releasing fiscal first-quarter results that were marginally better than Wall Street estimates and restating its outlook for the coming year.
Coty— The cosmetics manufacturer increased its full-year projection for 2024, citing growth in fragrance sales at its luxury brands, including Burberry, Calvin Klein, and Gucci, and as a result gained close to 6% premarket. In contrast to previous forecast of 6% to 8%, it anticipates like-for-like sales to increase by 8% to 10% in 2019.
Shares of Goldman Sachs increased somewhat before the market opened on news that the investment bank intends to sell the lending platform Greensky as part of a broader retreat from consumer lending. According to Bloomberg, the deal’s estimated value is $500 million.
Source (CNBC)
