These are the stocks posting the largest moves in premarket trading.
TD Cowen upgrades Ross Stores, citing uptick in off-price retail traffic
Analyst John Kernan upgraded the retail giant’s stock to outperform from market perform and raised his price target to $128 from $113.
Bank of England hikes rates by quarter percentage point in split vote
The Bank of England on Thursday raised its main interest rate by 25 basis points to 5.25%, a 14th consecutive hike as policymakers strive to rein in inflation.
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Moderna shares rise on better Covid vaccine outlook despite sharp drop in sales
Moderna and its rivals Pfizer and Novavax have all seen a steep drop in sales of Covid vaccines and treatments as the world moves on from the pandemic.
Americans are going abroad in droves — at the expense of domestic travel
The shift overseas is driving up international airfares and room rates, while domestic growth lags.
Warner Bros. Discovery loses subscribers after Max launch, but makes headway on debt paydown
Warner Bros. Discovery reported second-quarter results that fell below Wall Street expectations and revealed decreasing subscriber totals.
Citi downgrades Roku, says revenue growth is already priced into the stock
The Citi analyst downgraded Roku to neutral from buy, but moved his price target higher.
Hasbro cuts revenue forecast as writers’ strike to hit entertainment unit
Separately, the toymaker said it would sell its eOne film and TV studio to Lionsgate Entertainment for about $500 million.
Deutsche Bank downgrades Qualcomm as smartphone slump pressures chipmaker
The firm downgraded the chip maker’s stock to hold from buy and cut its price target to $120.
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