Activision Blizzard’s Call of Duty: Modern Warfare video game is plugged into Microsoft’s Xbox One video game console.
Michael Siaglow | Bloomberg | Getty Images
Check out the companies making the biggest moves in the pre-market.
Activision Blizzard — Shares in the video game maker rose 4 percent after Microsoft and Sony signed a deal to keep “Call of Duty” on Sony’s PlayStation console following Microsoft’s acquisition of Activision Blizzard.
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chewy — The stock rose more than 5% after Goldman Sachs upgraded its rating on the stock to “buy” from “neutral.” The e-commerce pet products company has an attractive risk/reward profile and margins could expand, the company said.
Pepsi — The beverage giant fell 1.2 percent after Morgan Stanley downgraded its rating to equal weight from overweight. Morgan Stanley said PepsiCo’s strong earnings report and potential upside has now been priced into the stock, resulting in limited upside going forward.
cry — The stock rose 3.6% after Goldman Sachs upgraded its rating to buy from neutral. The Wall Street bank also raised its price target to $47, representing a 23.3% upside from Friday’s close. During the call, Goldman cited rising advertising trends, improved margins, and increased shareholder returns over the next few years.
tesla — Shares of the electric car maker rose nearly 2% in premarket trading.On Saturday, the company said Built the first Cybertruck After two years of delays.
Paramount Global — Shares of the entertainment company fell 2.8% in premarket trading after the latest film in the “Mission: Impossible” franchise fell short of expectations at the box office. The movie took in $56.2 million domestically over the weekend, down from the previous film in the franchise, which took in $80 million in its first five days. according to species.
AT&T — Shares fell 1.5% after Citi downgraded its rating to neutral from buy. The Wall Street firm noted that the industry’s historical use of lead-jacketed cables has put pressure on the company for at least several months, if not longer.
State Street — The financial giant fell about 2% in premarket trading. JPMorgan Chase downgraded the stock to Underweight from Neutral after State Street’s earnings report on Friday. State Street’s second-quarter revenue fell short of expectations, sending shares down 12.1% on Friday.
Fig — Shares of the apparel company fell 4.6% in premarket trading after Raymond James downgraded Fig to perform from outperform. A slowing economy and student loan repayments could hurt Figs’ growth in the short term, Raymond James said.
— CNBC’s Jesse Pound, Hakyung Kim and Michael Bloom contributed reporting.
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