Planet Fitness

Planet Fitness added nearly 3% in the premarket action after Raymond James upgraded the stock to strong buy from market perform. The Wall Street firm said the company has a resilient and recession-resistant business with no interest rate risk and very few near-term debt maturities. However, its current valuation is well below its recent historical average, Raymond James added.

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Advanced Micro Devices Inc

AMD fell 2.22% in the premarket after the stock was downgraded by the investment bank Morgan Stanley. According to analysts at Morgan Stanley, the company has been able to post back-to-back quarterly revenue growth at a time when its larger rivals are dealing with significant macroeconomic headwinds, doing so again might prove to be difficult in the future. The bank reduced AMD’s share price target to $95 from $102.

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Lyft

The ride-hailing company’s stock slipped 4% in the premarket after UBS downgraded the stock to neutral from buy. The brokerage firm cited its driver survey that indicates drivers prefer Uber and Lyft is not their main app.

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PG&E

The utility products company’s stock jumped over 5% in premarket trading after S&P Dow Jones Indices on Friday said PG&E will replace Citrix Systems in the S&P 500, effective before the opening of trading on Monday, October 3. Vista Equity Partners is acquiring Citrix Systems in a transaction expected to be completed this week.

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Las Vegas Sands

The casino operator’s stock surged 7% in the premarket after Macao announced its plan to allow tour groups from mainland China as soon as November. Shares of MGM Resorts gained more than 2%.

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Generac Holdings Inc

The stock added 2.46% in premarket action on the back of a rise in demand for the company’s residential and commercial & industrial products. Increasing power outage, especially in the United States and Canada is likely to act as a tailwind for its home standby generators.