Check out the companies making headlines before the bell:
Planet Fitness: Shares of the gym franchise rose nearly 3% in premarket trading after Raymond James upgraded the stock to a strong market buy. The Wall Street firm said the company has a resilient and recession-proof business with no interest rate risk and very little short-term debt.
due dates Meanwhile, its current valuation is well below its recent historical average, Raymond James noted.
PG&E — Utilities shares rose more than 5% premarket after S&P Dow Jones Indices said Friday that PG&E will replace Citrix Systems in the S&P 500, effective before the open for trading on Monday, Oct. 3 . Vista Equity Partners is acquiring Citrix Systems in a transaction expected to close this week
Las Vegas Sands: Shares of the casino operator rose more than 7% after Macau announced its plan to admit tour groups from mainland China as early 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. The Wall Street firm cited its survey of drivers as indicating that drivers prefer Uber and Lyft is not their primary app.
