Check out the companies making the biggest moves in premarket trading: Carrier Global — Shares popped nearly 6% following the announcement that Carrier agreed to sell its Global Access Solutions Business to Honeywell for $4.95 billion in cash. Honeywell ‘s stock slipped 2.4%. First Solar — The solar stock rallied 3.2% after being upgraded to overweight from equal weight by Morgan Stanley. The bank said it sees a number of drivers that can push the stock sharply higher next year. Morgan Stanley also hiked its price target to $237 from $214, suggesting 64% upside from Thursday’s close. Lululemon — Shares fell by 1.7% after the athleisure brand gave a muted forecast for the fourth-quarter despite a positive start to the holiday shopping season. The company is estimating sales to fall between $3.14 billion and $3.17 billion for the fourth quarter, which is shy of the $3.18 billion analysts had expected, according to LSEG. Qorvo — Shares added 1.4% after Morgan Stanley upgraded the chipmaker to overweight from equal weight, citing demand growth in China and the benefit from the transition to 5G. HashiCorp — The software stock dropped 19% in premarket trading. HashiCorp posted an earnings and revenue beat after the bell Thursday, but its fourth-quarter revenue guidance was in line with expectations. Afterwards, TD Cowen downgraded the stock to market perform …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves in premarket trading: Carrier Global — Shares popped nearly 6% following the announcement that Carrier agreed to sell its Global Access Solutions Business to Honeywell for $4.95 billion in cash. Honeywell ‘s stock slipped 2.4%. First Solar — The solar stock rallied 3.2% after being upgraded to overweight from equal weight by Morgan Stanley. The bank said it sees a number of drivers that can push the stock sharply higher next year. Morgan Stanley also hiked its price target to $237 from $214, suggesting 64% upside from Thursday’s close. Lululemon — Shares fell by 1.7% after the athleisure brand gave a muted forecast for the fourth-quarter despite a positive start to the holiday shopping season. The company is estimating sales to fall between $3.14 billion and $3.17 billion for the fourth quarter, which is shy of the $3.18 billion analysts had expected, according to LSEG. Qorvo — Shares added 1.4% after Morgan Stanley upgraded the chipmaker to overweight from equal weight, citing demand growth in China and the benefit from the transition to 5G. HashiCorp — The software stock dropped 19% in premarket trading. HashiCorp posted an earnings and revenue beat after the bell Thursday, but its fourth-quarter revenue guidance was in line with expectations. Afterwards, TD Cowen downgraded the stock to market perform …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
