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Stocks making the biggest premarket moves: Ferrari, Apple, KB Home and more
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Check out the companies making the biggest moves in premarket trading: Ferrari — Shares of the luxury automaker rose less than 1% early Monday after Morgan Stanley analyst Adam Jonas named it a top pick, replacing Tesla.
In a note to clients, Jonas cited Ferrari's backlog and pricing power as reasons to raise his price target on the stock by more than 10%.
Apple — The iPhone maker advanced 2% premarket after Goldman Sachs initiated coverage with a buy rating, saying Apple could get a big boost from its services business.
The Wall Street bank's 12-month price target of $199 implies Apple could rally more than 30% from here. KB Home — The homebuilder slipped 1.4% following a double downgrade to underweight from overweight by JPMorgan.
Read more on cnbc.comAbout this in other media
Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and more cnbc.com /2 months ago
Stocks making the biggest moves premarket: First Republic, UBS, Enphase Energy cnbc.com /2 months ago
Stocks making the biggest moves premarket: Nvidia, First Republic, FedEx and more cnbc.com /2 months ago
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