Prism Premarket Moves : American Eagle Outfitters, Ally Financial, Molson Coors Beverage and more

Take a look at the corporations gaining attention ahead of the opening bell:

American Eagle Outfitters

— The retailer’s shares surged 4% following a promotion from JPMorgan to overweight from neutral. The firm highlighted the company’s merchandising strategies and operational shifts as the reasons for this upgrade.

Freeport-McMoRan

— The American mining company’s shares leapt by 1.9% following an upgrade to buy from neutral by Bank of America, attributing it to the company’s substantial copper exposure.

Molson Coors

— The brewing firm’s shares rose by 1.9% after Goldman Sachs pushed its rating from neutral to buy, stating that the company is poised to gain as it increases its presence in retail outlets.

Ally Financial

— The shares of this financial services firm grew almost 2% after Bank of America shifted its rating to buy from neutral. The bank’s analysts predict higher than expected earnings, reduced earnings instability, and possibly underestimated credit leverage for Ally Financial.

Alphabet

— Shares showed a slight increase ahead of Tuesday’s Google Cloud Next event. The tech behemoth has been on a significant upswing recently, with a surge of over 14% in the last month.

Pfizer

— The pharmaceutical magnate’s shares edged up after Tuesday’s announcement that their respiratory syncytial virus vaccine demonstrated potential in protecting adults up to 60 years old from becoming critically ill.

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Prism Premarket Moves : American Eagle Outfitters, Ally Financial, Molson Coors Beverage and more

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