Check out the companies making headlines in premarket trading. Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. 3M completed its spinoff of health-care company Solventum and announced a $10 billion settlement with public water suppliers in a chemicals lawsuit had received final approval. J.B. Hunt Transport , C.H. Robinson — The trucking stocks pulled back after Barclays downgraded shares on Monday. Analyst Brandon Oglenski is concerned that “over-supplied North American truckload capacity is keeping rates down and profitability low for many carriers.” Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. The move came as gold climbed to a record high on Monday, boosted by increased expectations that the Federal Reserve could cut rates as early as June. Devon Energy — The oil and gas producer added 1.4% on the back of a Wells Fargo upgrade to overweight from equal weight. Wells Fargo expects the company to turn a corner soon and says the stock is priced at a good entry point for investors. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. 3M completed its spinoff of health-care company Solventum and announced a $10 billion settlement with public water suppliers in a chemicals lawsuit had received final approval. J.B. Hunt Transport , C.H. Robinson — The trucking stocks pulled back after Barclays downgraded shares on Monday. Analyst Brandon Oglenski is concerned that “over-supplied North American truckload capacity is keeping rates down and profitability low for many carriers.” Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. The move came as gold climbed to a record high on Monday, boosted by increased expectations that the Federal Reserve could cut rates as early as June. Devon Energy — The oil and gas producer added 1.4% on the back of a Wells Fargo upgrade to overweight from equal weight. Wells Fargo expects the company to turn a corner soon and says the stock is priced at a good entry point for investors. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
