Stocks Making the Greatest Movements Premarket 03/06

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Last Updated on March 8, 2023 by Bitfinsider

Ferrari — Shares of the luxury carmaker increased by less than 1 percent on Monday morning after Morgan Stanley analyst Adam Jonas replaced Tesla with Ferrari as his top choice. Jonas mentioned Ferrari’s backlog and pricing power in a note to clients as reasons to increase his price estimate for the company by more than 10%.

Apple — The iPhone manufacturer gained 2% premarket after Goldman Sachs began coverage with a buy recommendation, stating that Apple’s services company could provide a substantial boost. The Wall Street investment bank’s 12-month price estimate of $199 suggests that Apple could gain more than 30 percent from here.

KB Home — Following a double reduction to underweight from overweight by JPMorgan, the homebuilder’s stock fell 1.4%. The company mentioned the expensive valuation of the shares.

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