Check out the companies making headlines in premarket trading. East West Bancorp — Shares ticked up 2.6% after UBS upgraded them to buy on the back of strong third-quarter results. UBS also highlighted the company's potential balance sheet strengthening and capital return efforts heading into the fourth-quarter. McDonald's — Shares popped 2.8% after the fast-food giant reported a third-quarter earnings and revenue beat. McDonald's U.S. same-store sales rose 8.
Invitation Homes — The home leasing company added about 2% after an upgrade to outperform from Oppenheimer, with the firm highlighting a stabilization of both rent growth and occupancy — which could help lift shares heading into 2024. L3Harris Technologies — Shares added 1.5% after an upgrade to outperform from market perform by Raymond James. The firm cited improving fundamentals and a mean reversion in the stock.
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