Cisco (CSCO) Cisco shares rose 1.1% in premarket trading Friday after Wolfe Research upgraded the equity to outperform. Analyst Jeff Kvaal wrote that Strong IT spending should prove a tailwind to Cisco estimates through fiscal year 2022 and said shares should climb to $63, representing a 22% upside from Thursday s close.
PNC Financial (PNC) The bank stock dipped 1.9% in premarket trading even after PNC beat estimates on the top and bottom lines for its first-quarter report. PNC reported $4.10 in earnings per share on $4.22 billion in revenue. Analysts surveyed by Refinitiv had penciled in $2.75 per share and $4.12 billion in revenue. The bank s net interest margin declined and missed expectations, according to FactSet.