Fly Intel: Pre-market Movers - InvestingChannel

Fly Intel: Pre-market Movers

UP AFTER EARNINGS: Target (TGT), up 17%… Lowe’s (LOW), up 13%… Pinduoduo (PDD), up 14%. ALSO HIGHER: Kinder Morgan (KMI), up 3% after agreeing to sell the U.S. portion of the Cochin Pipeline to Pembina Pipeline (PBA) for $1.55B… Wanda Sports (WSG), up 8% after analysts at Morgan Stanley, Citi and Deutsche Bank started coverage of the stock with Buy or equivalent ratings… On Deck Capital (ONDK), up 8% after Morgan Stanley analyst James Faucette upgraded shares to Equal Weight with his price target lowered to $3.50 from $4. The analyst notes that after a 57% decline in the stock since the end of January, valuation is “more evenly” balancing its faster earnings growth with its relatively higher risk of incremental downward revisions. DOWN AFTER EARNINGS: Children’s Place (PLCE), down 7%… Baozun (BZUN), down 6%… Cree (CREE), down 4%… Jumia Technologies (JMIA), down 19%. ALSO LOWER: Hawaiian Holdings (HA), down 4% after Stifel analyst Joesph DeNardi double downgraded shares to Sell from Buy and cut its price target to $20 from $30. DeNardi sees downside to 2020 consensus earnings estimates due to declining PRASM results starting in 2020 and Southwest’s (LUV) announced additional capacity to Hawaii, which will likely lead to further market share losses.