PepsiCo, Rivian and Honeywell rise premarket; Juniper, Corning fall By

© Reuters. — U.S. rose Tuesday, boosted by dovish feedback from a few Fed officers, with numerous their colleagues set to remark later within the session.

Listed here are a few of the greatest premarket U.S. inventory movers right this moment:

  • PepsiCo (NASDAQ:) inventory rose 0.8% after the tender drinks big raised its annual revenue forecast for a 3rd time this 12 months, as larger pricing helped offset a drop in volumes.

  • Unity Software program (NYSE:) inventory rose 5.6% after the video-game software program maker mentioned its CEO John Riccitiello would retire within the wake of a controversial pricing change that pissed off quite a few builders.

  • Rivian (NASDAQ:) inventory rose 3% after UBS upgraded its stance on the EV producer to ‘purchase’ from ‘impartial’, seeing a possible shopping for alternative following the current selloff.

  • Corning (NYSE:) inventory fell 2.4% after JPMorgan downgraded the know-how firm to ‘impartial’ from ‘obese’, seeing appreciable draw back to present consensus earnings estimates.

  • Juniper Networks (NYSE:) inventory fell 3.5% after JPMorgan downgraded the networking {hardware} producer to ‘impartial’ from ‘obese’, calling the corporate probably the most challenged on a relative foundation amongst its networking friends.

  • Honeywell (NASDAQ:) inventory rose 1.2% after the economic conglomerate introduced plans to restructure its enterprise operations to 3 segments down from 4 to spice up gross sales development and reallocate capital.

  • Lexicon Prescribed drugs (NASDAQ:) inventory rose 9% after the group mentioned its coronary heart failure drug had acquired most popular standing at Categorical Scripts, the pharmacy advantages administration unit of Cigna (NYSE:).

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