Stocks making the biggest moves premarket: United Airlines, Amazon, Nvidia, Wells Fargo & more

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United falls after reaching a deal with a pilots union. Citigroup gives Amazon a Street-high price target.

— An analyst at Susquehanna upgraded Foot Locker to positive from neutral and hiked his price target on the stock to $34 per share from $25 per share. The new price target implies an upside of 21.5% over the next 12 months. The upgrade reflects young customers "heading to Foot Locker Inc.'s store banners and websites to spend the newfound money in their pockets to a greater degree than what was reflected in our prior estimates," the analyst said.

"Valuation has crept up to an extent we see the risk-reward reasonably balanced, given larger macro uncertainties," RBC said. — The banking giant was upgraded to outperform from hold by an analyst at Baird, who said the stock's decline this year is an opportunity "to add bank exposure." The analyst also said Wells Fargo has a "highly attractive" valuation when looking at a number of metrics.

 

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