Benzinga's Top #PreMarket Losers

Urban Outfitters URBN shares slipped 13.19% to $30.00 in pre-market trading after it warned that fourth-quarter profits may be hurt by lower-than expected sales. Analysts at Morgan Stanley downgraded Urban Outfitters from Overweight to Equal-weight and lowered the price target from $44 to $31. SanDisk SNDK fell 2.82% to $82.90 in pre-market trading after the company reported upbeat third quarter earnings, but issued a weak revenue forecast for the current quarter. Allied Healthcare Products AHPI shares declined 1.38% to $2.86 in pre-market trading after jumping 34.25% on Thursday. Advanced Micro Devices AMD shares declined 1.14% to $2.61 in pre-market trading as the company reported downbeat Q3 earnings and announced its plans to cut 7% of its workforce. Analysts at Canaccord Genuity downgraded AMD from Buy to Hold and lowered the price target from $4.50 to $2.75.