Check out which companies are making headlines in pre-market trading. Micron Technology – Shares rose nearly 1.1% after Bank of America increased its price target for the chipmaker, with the analyst predicting demand for high-bandwidth memory technology will grow to more than $20 billion by 2027. Shares of the manufacturers rose by Almost 3% on Monday. 3M has completed its separation from healthcare company Solventum and announced a $10 billion settlement with public water suppliers in a chemical-related lawsuit that has received final approval. JB Hunt Transport, CH Robinson – Trucking stocks fell after Barclays downgraded its stock on Monday. Analyst Brandon Oglinski is concerned that “increasing truckload capacity in North America is leading to lower prices and lower profitability for many carriers.” Barrick Gold, Royal Gold – The gold miner and gold royalty company rose, respectively, by 2% and 1.7%. The move came as gold rose to a record high on Monday, supported by increasing expectations that the Federal Reserve may cut interest rates as early as June. Devon Energy – The oil and gas producer added 1.4% on the back of Wells Fargo's upgrade to overweight from equal weight. Wells Fargo expects the company to turn the corner soon and says the stock price is at a good entry point for investors. Delta Air Lines — Shares rose nearly 2% after Morgan Stanley picked the Atlanta-based airline's stock as its top pick for 2024. The company said Delta's push toward more premium offerings will help it outperform its peers. AT&T – Shares of the telecommunications company fell more than 2% after the company said it was investigating a data leak that led to the information of more than 7 million customers being published on the dark web. MicroStrategy — Shares of the cloud services company fell more than 5% after CEO Michael Saylor sold nearly 4,000 shares of MicroStrategy stock last week, according to a regulatory filing. Tesla – The electric car maker's stock rose less than 1% after a previously announced price increase for the Model Y took effect Monday. UPS – Shares rose nearly 2% on news that the shipping company will become a major air freight provider for the U.S. Postal Service. – CNBC's Lisa Kailay Hahn, Jesse Pound and Alex Haring contributed reporting
