>>> US Early premarket gappers

Early premarket gappers

  • Gapping up:
    • PAE +28.7%, KRNT +14.9%, ARR +8.5%, LOW +7%, EIGR +5.9%, CSV +4.6%, QIWI +3.7%, FRO +2.9%, NAT +2.2%, RRR +1.5%, KWR +1.3%, LMT +0.8%, NTES +0.5%
  • Gapping down:
    • VNRX -12.7%, ALRM -4.8%, OCUL -4.7%, CABO -4.4%, URBN -3.5%, TARO -2.6%, FND -2.4%, MODN -2.2%, RP -2.1%, TGT -2%, CYRX -1%, SQM -0.8%

>>> Europe : Brokers Upgrades & Downgrades -20th of May 2020 V2(+)

>>> Up
* AB InBev Raised to Neutral at JPMorgan; PT 36 euros
* AB InBev ADRs Raised to Neutral at JPMorgan; PT $39
* BioPharma Credit Raised to Buy at Jefferies
* BT Raised to Hold at Deutsche Bank; PT 125 pence
* Compass Raised to Buy at Deutsche Bank; PT 1,420 pence
* Compass Raised to Buy at SocGen; PT 1,370 pence (+)
* Covestro Raised to Neutral at BofA; PT 34 euros
* Fresenius SE Raised to Overweight at Morgan Stanley
* Fresenius Medical Raised to Equal-Weight at Morgan Stanley
* RDI REIT Raised to Buy at Berenberg; PT 80 pence
* Salmar Raised to Buy at Arctic Securities; PT 500 kroner
* Valora Raised to Add at Baader Helvea; PT 200 Swiss francs
* Weir Raised to Buy at Investec; PT 1,250 pence (+)

>>> Down
* 3i Cut to Neutral at Citi; PT 974 pence
* Applus Cut to Neutral at JPMorgan; PT 5.80 euros
* Burberry PT Cut to 1,550 pence at Morgan Stanley
* GEA Group Cut to Hold at HSBC; PT 24 euros
* Grand City Properties Cut to Hold at Hauck & Aufhaeuser (+)
* Konecranes Oyj Cut to Sell at Goldman; PT 15 euros
* Pandora Cut to Hold at Handelsbanken; PT 300 kroner
* Shelf Drilling Cut to Sell at SpareBank; PT 3 kroner
* Vallourec Cut to Sell at Goldman; PT 85 euro cents

>>> Initiation
* Altice Europe Resumed Equal-Weight at Morgan Stanley
* Kamux Rated New Buy at Handelsbanken; PT 8.50 euros
* Medios Rated New Hold at Jefferies; PT 41 euros
* Suess MicroTec Rated New Buy at MainFirst; PT 15 euros
* Zur Rose Rated New Buy at Jefferies; PT 300 Swiss francs

>>> Call
* Compass Upgraded to Buy at Deutsche Bank and SocGen (+)
* Covestro Raised to Neutral at BofA, Says Balance Sheet Protected (+)
* Fresenius SE, Fresenius Medical Both Upgraded at Morgan Stanley
* M&S’s Better-Than-Expected Cash Position Reassures, MS Says (+)
* Playtech Had Record Quarter, Recent Trading Reassures: Jefferies (+)
* Thyssenkrupp Needs to Specify How It Will Limit Cash Burn: Citi (+)

>>> Stoxx 600 Pre-Market Indications

  • Rolls-Royce (RRU TH) +2.1%
    • Rolls-Royce Turnaround Derailed as Virus Forces 9,000 Job Cuts
  • Uniper (UN01 TH) +1.4%
  • Polymetal (PM6 TH) +1.3%
  • Renault (RNL TH) +1%
    • Renault May Close 4 French Sites As Seeks To Save EU2B: Canard
  • Fresenius SE (FRE TH) +0.6%
    • Fresenius SE, Fresenius Medical Both Upgraded at Morgan Stanley
  • Porsche SE (PAH3 TH) -1.5%
  • Kion (KGX TH) -1.5%
  • Infineon (IFX TH) -1.5%
  • United Internet (UTDI TH) -1.5%
  • LVMH (MOH TH) -1.6%
  • ING (INN1 TH) -1.7%
  • Commerzbank (CBK TH) -1.7%
  • Equinor (DNQ TH) -1.8%
  • GEA Group (G1A TH) -2.2%
    • GEA Group Cut to Hold at HSBC; PT 24 euros

>>> TradeGate Pre-Market Indications

DAX:
  • Fresenius SE (FRE TH) +1.3%
    • Fresenius SE, Fresenius Medical Both Upgraded at Morgan Stanley
  • Continental AG (CON TH) -1.1%
MDAX:
  • Aareal Bank (ARL TH) +4.7%
    • Aareal Bank Starts Process to Sell Minority Stake in Aareon
  • Uniper (UN01 TH) +1.9%
  • ProSieben (PSM TH) -1.2%
  • GEA Group (G1A TH) -1.5%
    • GEA Group Cut to Hold at HSBC; PT 24 euros
  • United Internet (UTDI TH) -1.8%
SDAX:
  • Salzgitter (SZG TH) +4.4%
    • Thyssenkrupp CEO Says Steel Merger With Salzgitter Possible: SZ
  • Steinhoff (SNH TH) +3.2%
  • Shop Apotheke (SAE TH) +2.1%
    • Shop Apotheke Rated New Buy at Jefferies; PT 120 euros
  • Corestate (CCAP TH) +1.8%
  • Norma (NOEJ TH) +1.5%