Planet Fitness — Shares of the gym franchise jumped nearly 3%
in premarket trading after Raymond James upgraded the stock to
strong buy from market perform. The Wall Street firm said the
company has a resilient and recession-resistant business with no
interest rate risk and very little near-term debt maturities. Meanwhile,
its current valuation is well below its recent historical average,
Raymond James noted. PG&E — The utility stock climbed more than
5% premarket after S&P Dow Jones Indices on Friday said PG&E will
replace Citrix Systems in the S&P 500, effective prior to the opening of
trading on Monday, October 3. Vista Equity Partners is acquiring Citrix
Systems in a transaction expected to be completed this week.
Las Vegas Sands — Shares of the casino operator surged more than 7%
after Macao announced its plan to allow tour groups from mainland China
as soon as November. Shares of MGM Resorts rose more than 2%.
Lyft — Shares of the ride-hailing company fell nearly 4% premarket after
UBS downgraded the stock to neutral from buy. The Wall Street firm cited
its driver survey that indicates drivers prefer Uber and Lyft is not their main app.