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Check out the companies making headlines before the bell. Dollar Tree — The discount retailer’s stock soared nearly 2% after JPMorgan upgraded the stock from neutral to overweight. The bank cited improved profitability and a broader addressable market as potential tailwinds. American Airlines — Airline shares rose 1.5% after Citi was upgraded to buy from neutral. Analyst Stephen Trent said, “The diversification of revenue streams for North American network carriers and solid demand for premium cabin offerings positions the company well in this post-pandemic environment. It seems that there are.” Flywire — Fintech stocks rose 4% in light trading following an upgrade to Overweight by Morgan Stanley. The bank said it was confident that Flywire could maintain its growth rate. Beam Therapeutics — Shares soared 5.5% after JPMorgan upgraded the biotech company from neutral to overweight. The bank believes the stock’s trading price is an attractive entry point, especially given the company’s strong balance sheet, streamlined pipeline, and BEAM-302 gene therapy that allows it to leverage a $12 billion commercial opportunity. Ta. Zim Integrated Shipping Services — The international shipping company’s stock soared 9% following an upgrade from Hold to Buy at Jefferies. Analyst Omar Nokta said, “ZIM’s high spot, high cost, high leverage platform was a major concern during the period of low freight rates, but now it is a major concern as spot rates rise. This is an upward trend.” HERSHEY—Chocolate shares rose 1.4% on AllianceBernstein’s upgrade to above-market performance. The investment firm cited tailwinds as catalysts for the change, including improved market share and volume trends, continued strong revenue growth, and attractive valuations. Warner Bros. Discovery — Shares fell 1.6% after Wells Fargo downgraded the media entertainment company from overweight to equal weight. Analyst Stephen Cahall cited rising amortization costs, a deteriorating M&A environment, and a shift to advertising as reasons for the flat multiple. ALBEMARLE — The chemical company’s stock fell about 1% after TD Cowen downgraded Albemarle from market perform to outperform. The investment firm said the company is dealing with uncertainty around cash flow and needs a recovery in lithium prices. Builders FirstSource — The building materials maker rose 2% after a buyback from Bank of America’s Neutral Buy. “BLDR expects our company’s growth to continue, given strong single-family housing starts, potential lumber price increases, and homebuilders’ shift toward higher value-added services,” analyst Rav Jadrosic said in a client note. “We have the best coverage position.” Bloom Energy — The green energy company fell about 6% after Bank of America downgraded its stock from neutral to underperform. Analyst Julien Dumoulin-Smith cited expectations for the change as revenue would flatten between 2023 and 2025, after previously accelerating. Koninklijke Phillips — The Netherlands-based health technology company’s U.S.-listed shares fell 6.9% after fourth-quarter profit and revenue fell short of expectations of analysts surveyed by FactSet. The company also announced that it had reached an agreement with the Food and Drug Administration to recall its ventilators. ZoomInfo Technologies — Software shares soared 5.5% after Bank of America analyst Koji Ikeda upgraded the stock to buy from neutral. “We believe this is a classic self-help story of outperformance,” the analyst said, highlighting the company’s renewed revenue growth and new AI products as potential catalysts. McGrath Rentcorp — Shares in McGrath Rentcorp rose more than 9% after equipment rental company Wilscot Mobile Mini announced it would acquire the business-to-business rental company in a $3.8 billion cash and stock deal. . —CNBC’s Michelle Fox, Alexander Harring, Sarah Min and Jesse Pound contributed reporting.
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