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

Amazon.com (AMZN) was rated a new ‘Buy’ at Aegis with a price target of $953.

Goldman Sachs (GS) was upgraded to ‘Market Outperform’ from ‘Market Perform’ at Vining Sparks with a 12-month target price of $255.

Pioneer Natural Resources (PXD) was upgraded to ‘Overweight’ from ‘Neutral’ at MUFG Securities Americas with a 12-month target price of $212.

Atlassian Corp. PLC reported Q2 revenue of $148.9 million, better than consensus of $144.1 million.

1st Source Corp. (SRCE) reported Q4 EPS of 58 cents, higher than consensus of 56 cents.

Concho Resources (CXO) was upgraded to ‘Overweight’ from ‘Neutral’ at MUFG Securities Americas with a 12-month target price of $175.

American Express (AXP ) lost 1% in after-hours trading after it reported Q4 adjusted EPS of 91 cents, weaker than consensus of 99 cents, although Q4 revenue of $8.0 billion was above consensus of $7.95 billion.

Skyworks Solutions (SWKS) jumped nearly 8% in after-hours trading after it reported Q1 adjusted EPS of $1.61, higher than consensus of $1.58, and said it sees Q2 adjusted EPS of $1.40, above consensus of $1.39.

International Business Machines (IBM) slid nearly 3% in after-hours trading after it reported Q4 adjusted gross margin of 51.0%, weaker than consensus of 52.8%.

Preferred Bank/Los Angeles (PFBC) reported Q4 EPS of 71 cents, above consensus of 65 cents/

Carolina Financial (CARO) proposed a $40 million offering of common stock.

TrueCar (TRUE) fell 3% in after-hours trading after it filed a $100 million mixed securities shelf offering.

Stemline Therapeutics (STML) dropped 5% in after-hours trading after it announced a public offering of common stock.

Source: FoxBusiness, BarChart, Bloomberg, Reuters