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Stocks making the biggest moves premarket: Home Depot, Kohl's, Disney, Broadcom & more

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Home Depot tumbles on earnings while Alibaba's Hong Kong IPO is reportedly seeing strong demand.

— An analyst at Guggenheim downgraded MSG Networks to "sell" from "neutral," citing a "challenged negotiating position as it approaches contract renewals covering ~40% of its subscriber base." The stock fell more than 3% in light trading before the bell.

— The chipmaker was upgraded to "overweight" from "equal weight" by an analyst at Morgan Stanley. The analyst also raised his price target on Broadcom to $367 per share from $298 a share, and noted he sees "possible value creation as it extends into software and builds on a current strong position in semis."

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