Check out the companies making headlines before the bell:
Starbucksdowngraded the coffee giant over the “worrisome” macro backdrop in China. The firm believes slower consumer spending in China could hit share growth and affect Starbucks’ multiple.
CVS HealthEvercore ISI upgraded CVS Health Tuesday to outperform from in-line, saying the stock is currently attractively valued.
Dell TechnologiesDaiwa Capital Markets upgraded the computer stock to outperform from market perform. The Wall Street firm hiked its price target to $80 per share from $50, implying roughly 16% upside from Monday’s close.
Super Micro Computer
Planet Fitnessdowngrading the stock to neutral from overweight. Along with the downgrade, the firm cut its price target on Planet Fitness to $52 from $70, a move that still implies 7% upside. Shares fell about 2% premarket.
Rocket LabRocket Lab’s first launch failure in more than two years Tuesday morning. Shares closed Monday at $5.04.
— CNBC’s Michelle Fox and Hakyung Kim contributed reporting