By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, September 22nd. Please refresh for updates.
- Darden Restaurants (NYSE: DRI ) stock fell 3.3% after the Olive Garden owner said same-restaurant sales rose by 4.2% on the quarter, below expectations.
Accenture (NYSE: ACN ) stock fell 0.3% after the IT services firm forecast first-quarter revenue below expectations, weighed down by IT spending cuts amid high inflation and impact from a stronger dollar .
Eli Lilly (NYSE: LLY ) stock rose 1.8% after UBS upgraded its investment stance on the pharma company to ‘buy’ from ‘neutral’, citing the likely benefits of futures sales of a key weight loss drug.
Salesforce (NYSE: CRM ) stock rose 2.5% after the cloud-based software company announced plans for a 25% operating margin by 2026, seeking to operate much more efficiently.
Target (NYSE: TGT ) stock rose 0.2% after the big-box retailer announced plans to hire up to 100,000 seasonal workers for the holiday season and start offering festive deals earlier than ever.
Manchester United (NYSE: MANU ) stock will be in focus after the English soccer club reported a net loss of 70.7 million pounds for the three months to June 30, a narrowing from a loss of 107.7 million pounds a year earlier.
Nike (NYSE: NKE ) stock rose 0.7% after RBC initiated coverage of the retailer at ‘outperform’, saying the “100lb gorilla in sportswear” is set to surge almost 30%.
Novavax (NASDAQ: NVAX ) stock fell 5.7% after JPMorgan downgraded its stance on the drug maker to 'underweight' from 'neutral'. citing reduced vaccine demand.
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