Check out the companies making headlines before the bell. Starbucks — The coffee chain rose more than 2% after Bernstein upgraded the stock to outperform from market perform. The firm is bullish on new CEO Brian Niccol who began on Sept. 9. New York Community Bancorp — Shares of the regional lender gained more than 4% after Barclays upgraded shares to overweight as it repositions itself following a rocky patch.
Analyst Graham Doyle said growth in the near to midterm will likely fall short of expectations and cited risks in its China business. Bilibili — U.S.-traded shares of the Chinese internet stock climbed nearly 12% on the back of an upgrade to buy from neutral by Goldman Sachs. The firm highlighted the company's monetization and profitability potential. CarMax — The used car retailer tumbled about 7%.
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