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

FedEx (FDX) was initiated with a ‘Buy’ at Aegis Capital wih a 12-month target price of $215.

Time Warner (TWX) was downgraded to ‘Hold’ from ‘Buy’ at Brean Capital.

Cal-Maine Foods (CALM) gained over 1% in after-hours trading after it reported a Q2 loss of -48 cents per share, right on expectations.

Lockheed Martin (LMT) slid 2% in after-hours trading after President-elect Trump said that based on tremendous cost and cost overruns he asked Boeing to price-out a comparable F-18 Super Hornet jet.

Global Partners LP (GLP) was upgraded to ‘Buy’ from ‘Hold’ at Stifel with a 12-month target price of $19.

Fred’s (FRED) rose over 6% in after-hours trading after Alden Global Capital reported a 24.8% stake in the company.

GameStop (GME) was initiated with a ‘Buy’ by Mizuho Securities with a 12-month target price of $35.

Cintas (CTAS) dropped 3% in after-hours trading after it reported Q2 continuing operations EPS of $1.13, below consensus of $1.15.

Progenics Pharmaceuticals (PGNX) jumped 7% in after-hours trading after an independent review of its Phase 3 clinical trial of agent 1404 for treatment of prostate cancer recommended a continuation of the trial.

Synergy Pharmaceuticals (SGYP) climbed nearly 3% in after-hours trading after the company said its Phase 3 trial of its plecanatide met primary endpoints in treatment of chronic idiopathic constipation.

Source: FoxBusiness, Barchart, Bloomberg, CNBC, Reuters