Stocks making the biggest moves before the bell: Nvidia, Ferrari, Planet Fitness, Cinemark and more
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
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Source: CNBC
- ResMed and Eli Lilly: ResMed stock dropped 11.8% after news that Eli Lilly's weight loss drug may help with sleep apnea, while Eli Lilly's stock rose by around 1%.
- RXO and UPS: RXO shares surged 12.7% after acquiring Coyote Logistics from UPS for over $1 billion, with UPS shares remaining unchanged.
- Nvidia: Nvidia's stock fell 1.8% following a previous week's decline, despite Jefferies raising its price target by 19%.
- Carrier Global: Carrier Global saw a 2.3% increase in stock value after Citi upgraded it to buy from neutral, citing potential as an HVAC provider.
- Other Companies: Ferrari, Planet Fitness, Affirm, Anheuser-Busch InBev, IBM, and Cinemark also experienced stock movements due to various factors like upgrades, new initiatives, and analyst ratings.
Analyst Views on BUD
Wall Street analysts forecast BUD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BUD is 75.00 USD with a low forecast of 75.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 69.660
Low
75.00
Averages
75.00
High
75.00
Current: 69.660
Low
75.00
Averages
75.00
High
75.00
About BUD
Anheuser-Busch Inbev SA is a Belgium-based company. The Company is primarily engaged in the manufacturing of beer. The Company operates through six segments: North America, Middle Americas, South America, EMEA, Asia Pacific, Global Export and Holding companies. The Company's brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck's, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler. The Company's soft drinks business consists of both own production and agreements with PepsiCo related to bottling and distribution arrangements between its various subsidiaries and PepsiCo. Ambev, which is a subsidiary of the Company, is a PepsiCo bottler. Brands that are distributed under these agreements are Pepsi, 7UP and Gatorade.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
