Check out the companies making headlines before the bell. Fisker – The electric vehicle startup fell more than 18% after missing third-quarter profit forecasts and reporting light vehicle deliveries. However, the company noted that the pace of vehicle deliveries accelerated toward the end of the quarter. Kraft Heinz – The food and beverage giant rose 1.6% in premarket trading after Bernstein upgraded the stock to Outperform. The company believes Kraft Heinz is better positioned relative to its grocery competitors given its “protein-forward portfolio” in the U.S. and cheap valuation for obesity drugs. Vistagen Therapeutics – The biotech stock rose 2.6% after Stifel initiated coverage with a “buy” rating and a $12 price target, up more than 300% from Monday’s close means. The investment bank sees a big market opportunity for Vistagen’s anxiety treatment. Home Depot – The home improvement retailer’s stock rose nearly 1% after the company posted third-quarter earnings and sales that beat expectations. However, stock gains were muted as Home Depot’s quarterly sales fell 3% from the same period last year and the company gave muted guidance for the full year. On Holding – Shares of the athletic footwear and apparel maker fell 9% even as the company reported a rise in profit and revenue and raised its full-year net sales forecast. The company said it achieved its highest gross profit margin since its initial public offering two years ago. Take-Two Interactive Software – The video game company rose 2.2% on an upgrade from Deutsche Bank. The company upgraded Take-Two to Buy from hold and increased its price target by $20. The company’s risk-reward profile has become more favorable in the 2025 and 2026 financial years given its robust development pipeline. —Jesse Pound, Brian Evans and Michelle of CNBC Fox Theobald contributed reporting.
Source : www.cnbc.com