Friday’s Pre-Market Look: Stocks In The News Before The Open

Bank of America (BAC) is up +0.5% in pre-market trading after it reported Q4 adjusted EPS of 40 cents, better than consensus of 38 cents

GrubHub (GRUB) rose 2% in pre-market trading after being upgraded by Morgan Stanley to ‘Overweight’ from ‘Equal-weight’

BlackRock (BLK) reported Q4 adjusted EPS of $5.14, stronger than consensus of $5.02.

GameStop (GME) was downgraded to ‘Neutral’ from ‘Outperform’ at Macquarie Research with a 12-month target price of $23.

Tractor Supply (TSCO) was upgraded to ‘Outperform’ from ‘Neutral’ at Wedbush.

Zillow Group (ZG) was downgraded to ‘Equal-weight’ from ‘Overweight’ at Morgan Stanley.

Independence Realty Trust (IRT) was rated a new ‘Outperform’ at Baird with a 12-month target price of $10.

Signet Jewelers (SIG) slid over 1% in after-hours trading after Corvex Management sold 2.5 million shares in a block trade.

WPX Energy (WPX) lost 1% in after-hours trading after it announced a public offering of 42 million shares of common stock.

Pandora Media (P) jumped 7% in after-hours trading after it said it sees Q4 revenue above its October 25 forecast of $362 million-$374 million citing strong advertising.

Two Harbors Investment (TWO) fell nearly 2% in after-hours trading after it proposed a public offering of $250 million of senior convertible notes due 2022.

Uranium Resources (URRE) slumped 17% in after-hours trading after it proposed a public offering of common stock, although no size or terms of the offering were mentioned.

Nivalis Therapeutics (NVLS) gained 2% in after-hours trading after it announced restructuring plans to “reduce operational costs and preserve cash” while exploring strategic alternatives and named CFO Michael Carruthers as interim president effective Jan 15.

Source: FoxBusiness, Barchart, CNBC, Bloomberg, Reuters