Check out the companies that made headlines before the bell: Salesforce – Shares rose 4% after Bank of America received a double upgrade from Underperform to Buy. The bank argued that artificial intelligence should not cause confusion, but rather “deepen reliance” on software names. First Solar – Shares rose 2.4% after Trust changed Solar’s name from hold to buy. The bank is confident in the growth and strong demand in the solar market over the coming years and in First Solar’s pricing power in the industry. Biogen – Biogen shares rose 2% after JPMorgan analysts upgraded the biotech from neutral to overweight. The company cited several clinical results in 2027 as catalysts for Biogen. ILEN — Australia-based ILEN soared 5.3% on Monday after the Information reported Sunday that the 100% renewable energy owned and operated company quietly signed a multi-year cloud computing agreement with Anthropic. SLM – Shares rose 2% after the education loan manager upgraded Morgan Stanley from equal weight to overweight. Morgan Stanley called the stock’s 15% decline since the beginning of the year a buying opportunity given its favorable valuation. Mattel — The toy maker rose more than 1% after Seaport analysts upgraded the stock to buy from neutral. Amid speculation about a possible takeover, “investors are keeping an eye on toy stocks, perhaps realizing they are undervalued,” the research firm wrote. IonQ — Shares fell more than 2% after the Wall Street Journal reported that the company acquired cybersecurity firm Elycity for up to $1.3 billion.
