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

Chesapeake Energy (CHK) and Murphy Oil (MUR) are both up over 4% in pre-market trading as crude oil prices jumped to a 2-1/2 week high in overnight trade.

Time Warner (TWX) was upgraded to ‘Outperform’ from ‘Market Perform’ at FBR Capital Markets with a price target of $104.

U.S. Steel (X) was downgraded to ‘Neutral’ from ‘Buy’ at Rosenblatt with a price target of $29.

Air Products (APD) was upgraded to ‘Buy’ from ‘Hold’ at Argus Research with a price target of $159.

First Interstate BancSystem (FIBK) was upgraded to ‘Buy’ from ‘Hold’ at Sandler O’Neill with a 12-month price target of $41.

Fossil (FOSL) was upgraded to ‘Neutral’ from ‘Underweight’ at Piper Jaffray with a 12-month price target of $32.

3M (MMM) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a target price of $159.

Foot Locker (FL) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray with a 12-month target price of $72.

Rockwell Automation (ROK) was upgraded to ‘Buy’ from ‘Hold’ at Vertical.

Facebook (FB) gained 1% in after-hours trading after it said it will buy back up to $6 billion of Class A shares.

CONSOL Energy (CNX) rose 1%% in after-hours trading after it was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $30.

Poinststate Capital reported a 9.99% passive stake in Comstock Resources (CRK +4.90%) , making it the second-largest holder.

Source: BarChart, Bloomberg, CNBC, FoxBusiness