The stocks making the biggest moves in premarket trading include Southwest, Cisco, Dollar Tree, Sonos, and more.
– RBC upgraded the defense contractor's stock to "outperform" from "sector perform," noting a recent ballistic missile contract award as well as third-quarter underperformance by the stock. RBC said this sets up a compelling risk/reward profile for Northrop Grumman shares.
– The drugmaker said it would raise its full-year revenue guidance by more than $200 million when it reports quarterly earnings on Oct. 22. It also said it expects to return at least $3 billion to shareholders through a multi-year stock buyback program. Alexion revealed those updates in a news release prior to its virtual Investor Day today.
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