Check out the companies making headlines before the bell. Spotify — Shares of the music streaming platform added 2% following an upgrade from UBS to buy from neutral. “We think efficiency initiatives remain the focus and have increased conviction on sustainable margin expansion and stronger bottom line trends in the coming years,” wrote analyst Batya Levi. Pfizer — The biopharmaceutical giant popped 1% after posting mixed fourth-quarter results. Pfizer reported adjusted earnings of 10 cents per share, while analysts polled by LSEG expected a loss of 22 cents per share. On the other hand, the company’s $14.25 billion revenue was lower than the $14.42 billion consensus estimate. Masimo — The health tech company slid 1.4% after Jefferies downgraded the stock to hold from buy. While the firm is overall bullish on shares of Masimo, it remarked that a lot of good news has already been priced into their current valuation. Sensata Technologies — Shares of the industrial technology company rallied 2.5% following an upgrade to outperform at Oppenheimer. “Our upgrade focuses on significant ramp in new business wins over the past several years, capital allocation pivot to debt reduction, and solid positioning for margin performance,” the firm wrote. Block — The financial technology stock popped 2.9% following an upgrade from BTIG to buy from neutral. As catalysts, the investment firm pointed to Block’s potential margin expansion …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Spotify — Shares of the music streaming platform added 2% following an upgrade from UBS to buy from neutral. “We think efficiency initiatives remain the focus and have increased conviction on sustainable margin expansion and stronger bottom line trends in the coming years,” wrote analyst Batya Levi. Pfizer — The biopharmaceutical giant popped 1% after posting mixed fourth-quarter results. Pfizer reported adjusted earnings of 10 cents per share, while analysts polled by LSEG expected a loss of 22 cents per share. On the other hand, the company’s $14.25 billion revenue was lower than the $14.42 billion consensus estimate. Masimo — The health tech company slid 1.4% after Jefferies downgraded the stock to hold from buy. While the firm is overall bullish on shares of Masimo, it remarked that a lot of good news has already been priced into their current valuation. Sensata Technologies — Shares of the industrial technology company rallied 2.5% following an upgrade to outperform at Oppenheimer. “Our upgrade focuses on significant ramp in new business wins over the past several years, capital allocation pivot to debt reduction, and solid positioning for margin performance,” the firm wrote. Block — The financial technology stock popped 2.9% following an upgrade from BTIG to buy from neutral. As catalysts, the investment firm pointed to Block’s potential margin expansion …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
