JBLU - Hot Stocks: AAL JBLU downgrades; BSX acquisition; MANU offering; PLTR contract; AYI earnings
The airline sector was in focus during Wednesday's pre-market trading. Goldman Sachs downgraded both American Airlines (NASDAQ:AAL) and JetBlue (NASDAQ:JBLU) on inflationary worries. M&A news also stirred pre-market activity. Boston Scientific (NYSE:BSX) dipped after it announced a $1.75B acquisition aimed at boosting its cardiology business. Meanwhile, sports icon Manchester United (NYSE:MANU) suffered a massive pre-market sell-off. A large secondary offering dragged the stock lower. Turning to gainers before the bell, Palantir Technologies (NYSE:PLTR) saw buying interest after receiving a large military contract. At the same time, Acuity Brands (NYSE:AYI) ticked higher following the release of quarterly results. Losers American Airlines (AAL) and JetBlue (JBLU) both lost ground in pre-market trading following downgrades from Goldman Sachs. Worries about inflation, especially in the form of higher jet fuel prices, prompted the decision. Goldman gave AAL a Sell rating, reduced from its previous Neutral stance. The downgrade for JBLU took the stock's rating
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Hot Stocks: AAL, JBLU downgrades; BSX acquisition; MANU offering; PLTR contract; AYI earnings