Pfizer, Host Hotels, Adagio Therapeutics, AMC: What to Watch When the Stock Market Opens Today

Pfizer, Host Hotels, Adagio Therapeutics, AMC: What to Watch When the Stock Market Opens Today

Futures are in a holding pattern ahead of a policy decision from the Federal Reserve. Here’s what we’re watching in Wednesday’s trading:

Pfizer shares are up 1.2% premarket. Preliminary laboratory tests gave encouraging signs that the drugmaker’s experimental Covid-19 pill for the newly infected could work against Omicron, the company said.

Eli Lilly shares jumped 4.9% after it announced its financial guidance for 2022 and gave an update on its product pipeline.

Host Hotels & Resorts gained 3.4%. Goldman Sachs lifted its rating for the company’s shares to neutral and nudged up the price target to $18 from $17.

Home improvement and building product maker Masco added 2.5% premarket, having also been the beneficiary of a ratings upgrade, from Barclays , who also raised the price target to $83 from $67.

Regeneron Pharmaceuticals wasn’t so lucky, with its shares down 2.6% premarket after Bernstein cut its rating of the stock to market perform. Adagio Therapeutics also got a ratings cut, from Stifel, who slashed the price