Fly Intel: Pre-market Movers
HIGHER: Comcast (CMCSA), up 2% after Oppenheimer analyst Timothy Horan upgraded the stock to Outperform from Perform with a $54 price target. The company's fundamentals are "healthy" in the near-term, and 2020 is setting up to be a "strong year," Horan tells investors... VMware (VMW), up 2% after Goldman Sachs analyst Heather Bellini upgraded shares to Neutral from Sell with an unchanged price target of $152. The recent pullback in the share price has reset investor expectations around the company's growth trajectory, Bellini tells investors. UP AFTER EARNINGS: Signet Jewelers (SIG), up 16%... Palo Alto Networks (PANW), up 10%. DOWN AFTER EARNINGS: Ciena (CIEN), down 5%... Kirkland's (KIRK), down 25%... At Home Group (HOME), down 18%... Slack Technologies (WORK), down 13%. ALSO LOWER: Mallinkrodt (MNK), down 49% after Bloomberg reported that the company has hired restructuring advisers to help limit its potential legal liabilities from the opioid epidemic. Reportedly, Mallinckrodt is exploring options that could include a bankruptcy filing if its legal costs become unmanageable... GMS Inc. (GMS), down 5% after its 6.825M share spot secondary priced at $27.20.