Global Courant
The exterior of Sweetgreen’s Naperville location
Source: Sweetgreen
Check out the companies making headlines before the bell:
JetBlue Airways — JetBlue Airways was down 1.3% in premarket trade after the company announced it was ending its Northeastern U.S. partnership with US airlines and focus on Spirit airlines. American Airlines shares fell about 0.9%, while Spirit Airlines shares rose 2.3%.
Meta platforms — The social media giant added about 2% to premarket trading after launching Threads, a direct competitor to Twitter. Meta CEO Mark Zuckerberg said on his Threads account early Thursday that 10 million people had signed up for the platform within seven hours of its launch.
Sweet green — Sweetgreen rose more than 4% after Bank of America upgraded the stock to buy from neutral. The company mentioned the growing number of visitors to the salad chain and plans to automate operations.
Neat Dr Pepper — Stocks rose nearly 2% after being upgraded from an equal weight to overweight by Morgan Stanley. The Wall Street firm said the stock’s valuation was undervalued amid highly visible trends in refreshment drinks.
bank of America Shares of Bank of America changed little in premarket trading after the bank announced it was increasing its quarterly dividend from 22 cents to 24 cents per share. The increase of about 9% brings the bank’s dividend yield to about 3.3%, based on Wednesday’s closing price. The increase comes days after Bank of America said it was discussing with the Federal Reserve the differences in the results between the central bank’s stress test and an internal version of the test.
Microsoft — Microsoft added 0.8% in premarket. Morgan Stanley raised its price target for the tech giant, saying artificial intelligence could push the company’s market value above $3 trillion.
Plug power — Plug Power shares rose 1.8%. Citi kicked off coverage of the company with a buy recommendation, saying it could become one of the largest green hydrogen suppliers in the world.
Textron – Citi started reporting on aircraft maker Textron with a buy rating, saying the stock is poised for a comeback this year. Shares rose nearly 0.9% in premarket trading.
— CNBC’s Brian Evans, Michelle Fox and Jesse Pound contributed to the reporting
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