A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C.<\/p>\n
Andrew Harrer | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines in premarket trading.<\/em><\/p>\n PayPal<\/a><\/span><\/span><\/span> \u2013 Shares of the payments giant fell more than 1% premarket after MoffettNathanson downgraded<\/a> the stock to market perform from outperform and cut its price target 10 days before PayPal’s next CEO, Alex Chriss, is scheduled to take the helm. The firm said it’s excited about the new leadership, but that Chriss could have a challenging start after a difficult 18 to 24 months. MoffettNathanson sees the potential for further downside to its estimates.<\/p>\n DoorDash<\/a><\/span><\/span><\/span> \u2014 Shares added nearly 2% after being upgraded<\/a> by Mizuho Securities to buy from neutral on Sunday. The Wall Street firm said solid market share and strong consumer spending on food should help the delivery company surpass forecasts in the second half.<\/p>\n Micron Technology<\/a><\/span><\/span><\/span> \u2014 The stock gained about 1.6% premarket after Deutsche Bank upgraded the memory and storage solutions company<\/a> to buy from hold on Sunday, and also raised its target price. The firm said Micron’s pricing power with semiconductor direct random access memory is hitting an inflection point, and could push the company to beat first-quarter expectations.<\/p>\n