Companies Making Headlines Before the Bell: Wallgreens, US Bancorp, Duolingo and More

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Stock Market News

Check out the companies making headlines before the bell:

Walgreens (WBA) – The pharmacy chain operator’s stock added 1.5% in the premarket after Deutsche Bank upgraded the stock to buy from hold. Following a recent meeting with management, the firm said it is increasingly confident in Walgreens’ strategy to transition to a healthcare services company.

 Intel (INTC) – The chip maker’s stock was rated underweight in resumed coverage at JPMorgan Chase following a restriction period, compared with its most recent rating of overweight. JPMorgan said Intel will participate in an overall industry rebound, but at a slower pace due to competitive pressures. Intel fell 2% in premarket action.

US Bancorp (USB) – Warren Buffett’s Berkshire Hathaway has sold more than 91 million shares of US Bancorp since the start of the year, according to a regulatory filing. Berkshire now owns just over 53 million shares, a 3.6% stake.

Wynn Resorts (WYNN), Las Vegas Sands (LVS) – Shares of the casino operators rose after China eased Covid-19 restrictions. Wynn rose 3.4% in the premarket while Las Vegas Sands jumped 3.6%.