Thursday’s Pre-Market Look: Stocks In The News Before The Open
Adobe Systems (ADBE) was downgraded to ‘Hold’ from ‘Buy’ at Pivotal Research Group LLC with a 12-month price target of $104.
U.S. Steel (X) was downgraded to ‘Neutral’ from ‘Outperform’ at Credit Suisse with a price target of $30
Disney (DIS) was downgraded to ‘Sell’ from ‘Hold’ at Pivotal Research Group LLC with a 12-month price target of $85.
SunTrust Banks (STI) was upgraded to ‘Strong Buy’ from ‘Market Outperform’ at Vining Sparks.
Boeing (BA) was rated a new ‘Underperform’ at RBC Capital Markets with a 12-month target price of $136 saying Boeing’s market position is inferior as it is shut out of the next generation of fighter and bomber plane platforms.
Raytheon (RTN) was rated a new ‘Outperform’ at RBC Capital Markets with a 12-month target price of $180.
Callaway Golf (ELY) jumped nearly 6% in after-hours trading after it purchased Ogio International for $75.5 million.
KB Home (KBH) rallied nearly 3% in after-hours trading after it reported Q4 revenue of $1.19 billion, higher than consensus of $1.14 billion.
Century Aluminum (CENX) rose nearly 2% in after-hours trading after people with knowledge of the matter said the U.S. is said to prepare a complaint with the WTO against China on subsidies to its domestic aluminum producers that is suppressing global aluminum prices.
Zendesk (ZEN) climbed 3% in after-hours trading after it was rated a new ‘Outperform’ at Cowen with a price target of $30.
Kosmos Energy Ltd (KOS) dropped 5% in after-hours trading after the two top holders of its stock, Blackstone and Warburg Pincus, offered to sell 30 million shares of their holdings of Kosmos.
World Wrestling Entertainment (WWE) gained 1% in after-hours trading after it was rated a new ‘Buy’ at Guggenheim Securities.
Applied Optoelectronics (AAOI) surged 18% in after-hours trading after it said preliminary Q4 adjusted EPS will be 77 cents-82 cents, higher than a November estimate of 46 cents-51 cents.
Source: FoxBusiness, Barchart, CNBC, Bloomberg, Reuters