Co-CEOs, Neil Blumenthal & Dave Gilboa of Warby Parker at the NYSE, September 29, 2021.<\/p>\n
Source: NYSE<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines before the bell.<\/em><\/p>\n Warby Parker<\/a><\/span><\/span><\/span> \u2014 Warby Parker jumped about 4% after Evercore ISI upgraded<\/a> the eyeglass retailer to an outperform rating, saying that shares could rally more than 50% as the company’s margins and revenue growth reaccelerate.<\/p>\n Eli Lilly<\/a><\/span><\/span><\/span>, Point Biopharma<\/a><\/span><\/span><\/span> \u2014 Shares of Point Biopharma popped 85% after Eli Lilly announced it would buy the cancer therapy maker<\/a> for $12.50 in cash, or roughly $1.4 billion.<\/p>\n HP<\/a><\/span><\/span><\/span> \u2014 Shares added 2.5% after being double upgraded by Bank of America to buy from underperform. The bank expects improving fundamentals for the PC maker, with free cash flow hitting a bottom in 2023.<\/p>\n McCormick<\/a><\/span><\/span><\/span>\u2014 Shares of the spice maker slipped about 3% before the bell. McCormick reported earnings of 65 cents per share, excluding items, for the recent quarter on revenues of $1.68 billion. That came in roughly in line with the EPS of 65 cents and $1.7 billion in revenue expected by analysts polled by StreetAccount.<\/p>\n Warner Music Group<\/a><\/span><\/span><\/span> \u2014 Warner added 3.5% after UBS upgraded the stock to buy from neutral. UBS said the company should be a long-term beneficiary of trends in the music industry.\u00a0<\/p>\n Airbnb<\/a><\/span><\/span><\/span> \u2014 Airbnb shares slipped 3% in the premarket after KeyBanc Capital Markets downgraded the short-term home-rental stock as tailwinds from the post-pandemic boom in travel demand ease.<\/p>\n