Pre-Market U.S. Stock Movers

SolarEdge Technologies (NASDAQ:SEDG) plunged about -23% in pre-market trading after cutting its Q3 revenue outlook, citing “substantial unexpected cancellations and pushouts of existing backlog from our European distributors.”

Knight-Swift Transportation (NYSE:KNX) soared over +16% in pre-market trading after the company reported upbeat Q3 results.

Intuitive Surgical (NASDAQ:ISRG) slid more than -8% in pre-market trading after the maker of robotic-assisted surgical systems posted weaker-than-anticipated Q3 revenue. 

Hewlett Packard Enterprise (NYSE:HPE) fell over -3% in pre-market trading after the company provided a disappointing FY24 outlook. 

Union Pacific Corporation (NYSE:UNP) rose about +1% in pre-market trading after Deutsche Bank upgraded the stock to Buy from Hold.

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Today’s U.S. Earnings Spotlight: Friday – October 20th

American Express (AXP), Schlumberger (SLB), Regions Financial (RF), Huntington Bancshares (HBAN), IPG (IPG), Autoliv (ALV), Comerica (CMA), Euronet (EEFT), First Bancorp (FBP), Sensient Technologies (SXT), Hilltop (HTH), OFG Bancorp (OFG), Berkshire Hills Bancorp (BHLB), World Acceptance (WRLD), Sify (SIFY).

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Analyst Recommendations:

Blackstone: JP Morgan maintains its neutral recommendation with a price target reduced from $108 to $94.

Cognizant: Citi upgrades to buy from neutral with a price target raised from $72 to $80.

Crown Castle: Goldman Sachs maintains its neutral recommendation with a price target reduced from $94 to $90.

Discover Financial: Goldman Sachs maintains its buy recommendation with a price target reduced from $103 to $102.

Enphase Energy: BNP Paribas Exane maintains its neutral recommendation with a target price of $131.

Epam Systems: JP Morgan maintains its overweight recommendation and reduces the target price from $319 to $301.

First Solar: BNP Paribas Exane maintains its outperform recommendation with a target price of $237.

Genuine Parts: Evercore ISI maintains its in-line recommendation with a price target reduced from $155 to $145.

Halliburton: Baptista Research maintains its hold recommendation with a target price of $49.

HCA healthcare: Baptista Research maintains its outperform rating with a target price of $281.20.

Humana: Morningstar downgrades to hold from buy with a target price of $550.

Intuitive Surgical: Raymond James maintains its outperform rating and reduces the target price from $368 to $310.

Marsh & Mclennan: Goldman Sachs maintains its buy recommendation with a price target reduced from $218 to $215.

Morgan Stanley: Wolfe Research upgrades to peerperform from underperform.

Netflix: Phillip Securities upgrades to accumulate from neutral with a price target raised from $446 to $455.

Oneok: Morningstar downgrades to sell from hold with a target price of $62.

Salesforce: Fubon Securities initiates a buy recommendation with a target price of $251.

Sherwin-Williams: Evercore ISI maintains its outperform rating and reduces the target price from $290 to $275.

Solaredge Technologies: Goldman Sachs downgrades to neutral from buy with a price target reduced from $254 to $131.

Tesla: Daiwa Securities maintains its outperform rating and reduces the target price from $290 to $250.

Tractor Supply: Telsey Advisory Group maintains its outperform rating and reduces the target price from $65 to $245.

Truist Financial: Goldman Sachs maintains its buy recommendation with a price target raised from $34 to $35.

Union pacific: Deutsche Bank upgrades to buy from hold with a price target raised from $223 to $235.

Waste Connections: BMO Capital Markets maintains its outperform rating with a price target reduced from $162 to $158.

Waste Management: BMO Capital Markets maintains its market perform recommendation with a price target reduced from $166 to $160.

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This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
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