
Shares of the luxury automaker rose less than early Monday after Morgan Stanley analyst Adam Jonas named it a top pick, replacing Tesla. In a note to clients, Jonas cited Ferrari's backlog and pricing power as reasons to raise his price target on the stock by more than 10%. The iPhone maker advanced premarket after Goldman Sachs initiated coverage with a buy rating, saying Apple could get a big boost from its services business.
Link: Stocks making the biggest premarket moves: Ferrari, Apple, KB Home and more
via http://www.cnbc.com
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