Check out the companies making headlines before the bell. Nvidia — Nvidia fell more than 1% after Morgan Stanley and Citi lowered their price targets on the chipmaker, a day after the U.S. announced new restrictions that would curb the sale of advanced AI chips to China. Both firms maintained their buy-equivalent ratings on the stock. Citizens Financial Group — The regional bank lost 3.7% after its third quarter results missed both top and bottom lines.
Shares fell 3.3% after the semiconductor equipment maker reported slightly weaker-than-expected net sales for third quarter and a net profit that was about in line with an LSEG consensus forecast. Bank of America reiterated its buy rating on ASML earlier Wednesday, however. Travelers — The insurance stock was down less than 1% after Travelers' third-quarter earnings came in below estimates. Travelers reported $1.95 in adjusted earnings per share, below the $3.
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