• Barclays reduced Bank of America Corporation (NYSE:BAC) price target from $58 to $51. Bank of America shares rose 0.7% to $32.49 in pre-market trading.
• Needham lowered price target for MKS Instruments, Inc. (NASDAQ:MKSI) from $175 to $130. MKS Instruments shares fell 1.4% to close at $101.28 on Monday.
• Piper Sandler reduced the price target on Chevron Corporation (NYSE:CVX) from $213 to $189. Chevron shares fell 0.3% to $139.12 in pre-market trading.
• Mizuho cut the price target for Sabre Corporation (NASDAQ:SABR) from $11 to $6. Sabre shares rose 2.8% to $6.15 in pre-market trading.
• Deutsche Bank raised the price target on T-Mobile US, Inc. (NASDAQ:TMUS) from $185 to $190. T-Mobile US shares rose 0.3% to $134.89 in pre-market trading.
• BMO Capital cut the price target on International Business Machines Corporation (NYSE:IBM) from $152 to $148. IBM shares fell 4.6% to $131.74 in pre-market trading.
• Citigroup lowered the price target for United Parcel Service, Inc. (NYSE:UPS) from $240 to $210. UPS shares rose 1.1% to $181.99 in pre-market trading.
• Raymond James reduced the price target on The Cheesecake Factory Incorporated (NASDAQ:CAKE) from $48 to $36. Cheesecake Factory shares rose 2.4% to $27.69 in pre-market trading.

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