Meta Platforms (META)

Meta slipped 1.3% in premarket trading after Atlantic
Equities downgraded the stock to “neutral” from “overweight.” The firm also
lowered its price target for the Facebook and Instagram parent’s stock to $160
per share. Meta faces an increasingly challenging growth outlook due to
macroeconomic headwinds, the firm said.

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Roblox (RBLX)

Shares of the gaming platform dipped 4.3% in premarket
trading after the stock was rated “underweight” in new coverage at Barclays.
The firm said Roblox was a prime beneficiary of the pandemic, but that growth
may be challenged going forward as its key markets already have high
penetration rates.

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Zscaler (ZS)

Zscaler dipped 4.9% in premarket action after the cloud
security company announced the resignation of company president Amit Sinha, who
will switch to a CEO position at a privately held technology company. Sinha
will remain on Zscaler’s board of directors.

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Angi (ANGI)

Angi shares gained 2% in the premarket after the online
home services company named Joey Levin as CEO, replacing Oisin Hanrahan.
Currently, Levin is the CEO of Angi’s parent company IAC and will continue in
that role and running Angi.

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Leggett & Platt (LEG)

Leggett & Platt plunged 8.6% in premarket trading after
the industrial manufacturer lowered its full-year sales and earnings guidance.
The company cited inflation and economic situations that have weighed on demand
but does expect fourth-quarter results to improve from the third quarter.

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KLA-Tencor (KLAC)

Shares of the semiconductor equipment and services company
fell 2.4% in premarket trading after reports that KLA will suspend some sales
and services in China to comply with US export controls, according to a Reuters

BlackRock (BLK)

BlackRock fell 2% in the premarket trading after the stock
was downgraded to “neutral” from “buy” at UBS, with the price target for the
stock cut to $585 per share from $700. UBS said the asset management firm faces
some risk from its position on ESG investing and limited expense flexibility.
BlackRock is set to announce quarterly earnings on Thursday.

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Lululemon (LULU)

Lululemon stock added 1.4% in premarket trading after Piper
Sandler upgraded the apparel maker’s stock to “overweight” from “neutral,”
noting ongoing sales momentum and an opportunity for outperformance in
outerwear during the fall/winter season.

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Warner Music Group (WMG)

Shares of the music publisher’s stock rallied 3.4% in
premarket action after Goldman Sachs began coverage with a “buy” rating.
Goldman cites growth in subscription and ad-supported music streaming as well
as new licensing opportunities.