A JetBlue Airbus A320-200 aircraft makes its final approach to John F. Kennedy International Airport in New York, USA.

Nicola Economu | Noor Photos | Getty Images

Check out the companies making the biggest moves in pre-market trading:

JetBlue Airways — JetBlue Airways fell nearly 2% after Evercore ISI downgraded the airline to underweight, citing a recent surge in shares and balance sheet concerns.

Zillow Group — The stock rose 4.7% after Piper Sandler upgraded its rating to overweight from neutral. Analyst Thomas Champion also raised his price target to $62 a share, up 33% from Monday’s closing price. Product selectivity and new initiatives, as well as sequential improvements in the housing macro environment, are among the reasons for his decision.

JPMorgan — The Wall Street heavyweight rose 1.2% in premarket trading after Jefferies upgraded its rating to buy from hold on Tuesday. The firm also named JPMorgan “best in class.”

us bank — Shares of the Minnesota-based lender rose 2.2% after Bank of America upgraded its rating to “buy” from “neutral.” Analyst Ebrahim Poonawala said US Bancorp is one of the highest-quality franchises in the U.S. banking industry, and its size, profitability and strong execution are expected to drive earnings growth and stock outperformance .

amazon — Shares rose 0.8% as the e-commerce giant kicked off its highly anticipated Prime Day summer sales, which lasted Wednesday. Wells Fargo also added Amazon to its Signature Picks list, citing better expectations for Amazon Web Services, Prime Day revenue growth and a still-favorable risk-reward.

WD-40 — Lubricant and rust remover maker rises more than 5 percent Announces third-quarter results After listing on Monday. Total net sales of WD-40 were $141.7 million, an increase of 15% over the prior year.

3M — Bank of America rose nearly 2% in premarket trading after it upgraded its performance to neutral from underperform. 3M has positive catalysts in litigation settlements, restructuring and plans to spin off its healthcare business, the bank said.

Zion Bank, truthist — Bank stocks came under pressure Tuesday morning after Jefferies downgraded Zions and Truist to “hold” from “buy” and cut its earnings forecast for the companies. Shares of Zions fell 1.5 percent in premarket trading, while shares of Truist fell 1 percent.

Iovance Biotherapeutics — Iovance Biotherapeutics fell more than 11 percent.The biotech company said on Monday Pricing of public offerings it underwritesEach of the 20 million common shares is priced at $7.50. Gross proceeds from the offering are expected to be approximately $150 million.

— CNBC’s Jesse Pound, Alex Harring, Samantha Subin, Brian Evans, Sarah Min and Michael Bloom contributed reporting.

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