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

Qualcomm (QCOM) was downgraded to ‘Neutral’ from ‘Buy’ at Nomura with a 12-month target price of $70.

Verizon (VZ) was downgraded to ‘Market Perform’ from ‘Outperform at Wells Fargo Securities.

SunTrust Banks (STI) was upgraded to ‘Buy’ from ‘Hold’ at Sandler O’Neill with a 12-month target price of $62.

FMC Corp. (FMC) was downgraded to ‘Neutral’ from ‘Accumulate’ at Seaport Global with a price target of $60.

Schlumberger Ltd (SLB) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Stephens.

Rockwell Collins (COL) was upgraded to ‘Buy’ from ‘Neutral’ at Seaport Global with a price target of $100.

Dish Network (DISH) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $75.

MetLife (MET) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank.

BB&T (BBT) was upgraded to ‘Buy’ from ‘Neutral’ at Hilliard Lyons with a 12-month target price of $51.

Merck (MRK) will pay $625 million to settle patent-infringement litigation against Bristol-Myers Squibb and Ono Pharmaceutical for infringing on both companies’ patents covering use of PD-1 antibodies to treat cancer.

Winnebago Industries (WGO) fell over 4% in after-hours trading after it registered 4.56 million shares for holders

Source: FoxBusiness, BarChart, Bloomberg, Reuters