Take a look at the businesses making headlines earlier than the bell:
Walgreens Boots Alliance — The pharmacy chain operator reported adjusted quarterly revenue of $1.64 per share, eight cents a share beneath estimates. Income additionally missed and Walgreens lower its full-year earnings forecast, noting market challenges which have accelerated.
Boeing — Boeing will submit its software program improve for the 737 MAX jet within the “coming weeks,” later than initially deliberate, in accordance with each the Federal Aviation Administration (FAA) and Boeing. The FAA stated extra time is required to deal with numerous points recognized by the jetmaker.
Wells Fargo — Wells Fargo had its outlook lower to “unfavorable” from “steady” by Commonplace & Poor’s, with the scores company saying the resignation of Tim Sloan as chief government officer provides one other layer of uncertainty for the financial institution.
Dow Inc. — Dow will start buying and selling as we speak on the New York Inventory Change, following its separation from DowDupont. The supplies sciences firm’s inventory will even substitute DowDupont within the Dow Jones Industrial Common as of as we speak. A 3rd firm, Corteva Agriscience, will probably be separated from DowDupont on June 1, at which era DowDupont will change its identify to DuPont. Deutsche Financial institution has rated Dow a “purchase” in new protection, calling it a extra targeted and shareholder pleasant firm than the outdated Dow Chemical.
Lyft — The ride-hailing service’s shares had been rated “promote” in new protection at Seaport International Securities, with a worth goal of $42. The agency calls the thesis that millennials and later generations will forego automobile possession a “large leap of religion.”
Amazon.com — Amazon is chopping costs at its Complete Meals supermarkets this week, with The Wall Avenue Journal reporting that greater than 500 merchandise will see diminished costs. The paper stated the value reductions will concentrate on produce and meat.
Walt Disney — Disney was rated “purchase” in new protection at Rosenblatt Securities, with a worth goal of $150. Rosenblatt stated the present valuation is “compelling,” given its view that the corporate’s Disney+ service will seemingly achieve success.
Nio — Nio stated it delivered 3,989 of its ES8 electrical SUV mannequin within the first quarter, bringing whole deliveries of that mannequin by the China-based electrical automobile maker to 15,337 automobiles.
Exelon — The nuclear plant operator was upgraded to “outperform” from “market carry out” at Wells Fargo Securities, which pointed to a number of elements together with new supportive nuclear-related legislative initiatives.
Intuitive Surgical — The maker of robotic surgical gadgets was rated “purchase” in new protection at Deutsche Financial institution, with a worth goal of $630. Deutsche Financial institution stated that the corporate is the dominant world chief in robotic surgical procedure, and that it has sturdy, sturdy income progress.
Lab Corp, Quest Diagnostics — The medical lab operators had been each upgraded to “purchase” from “maintain” at Jefferies, based mostly on the prospect that each will probably be included in a most well-liked lab community being rolled out by well being insurer UnitedHealth.