Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more

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Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
American Express CoHershey CoCoty Inc
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These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell. Apple — Shares declined 1.4% after Jefferies downgraded the megacap tech company to hold from buy, saying near-term expectations for the iPhone 16 and 17 are too high after weaker-than-expected initial demand. Apple's AI capabilities leading to an accelerated smartphone replacement cycle is a "premature" catalyst, the firm added. NXP Semiconductor — Shares added 0.8% after UBS upgraded the chipmaker to buy from neutral.

Coty — The beauty company jumped 2.5% following an upgrade to buy from hold by Jefferies. Analyst Ashley Helgans highlighted ongoing growth in the fragrance segment and an attractive valuation Hershey — The chocolate maker dipped 1% after receiving downgrades to neutral and market perform from UBS and Bernstein, respectively. UBS cited a challenging 2025 outlook on cocoa inflation, while Bernstein underscored headwinds from GLP-1 drugs.

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