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

Nucor (NUE) was upgraded to ‘Overweight’ from ‘Equalweight’ at Morgan Stanley with a price target of $78.

AK Steel (AKS) was downgraded to ‘Equalweight’ from ‘Overweight’ at Morgan Stanley with a price target of $11.

Occidental Petroleum (OXY) was downgraded to ‘Neutral’ from ‘Buy’ at Mizuho Securities USA.

Travelers (TRV) was downgraded to ‘Market Perform’ from ‘Outperform’ at FBR Capital Markets.

Gannet (GCI) was downgraded to ‘Hold’ from ‘Buy’ at Argus.

Hasbro (HAS) was rated a new ‘Buy’ at Goldman Sachs with a price target of $110.

J.C. Penney (JCP) was upgraded to ‘Equalweight’ from ‘Underweight’ at Morgan Stanley with a price target of $7.

Myriad Genetics (MYGN) jumped almost 7% in after-hours trading after it was announced that it will replace Inteliquent in the S&P SmallCap 600 after the close of trading on Tuesday, February 14.

Pershing Square Capital Management said it raised its stake in Restaurant Brands (QSR) to 18.1% from a 16.7% stake held in September.

Michael Kors Holdings Ltd (KORS) lost 1% in after-hours trading after it said a technical issue with an information technology reporting system made it unable release its Form 10-Q for the quarter ending December 31.

Knoll (KNL) slid 2% in after-hours trading after it reported Q4 net sales of $292.9 million, below consensus of $313.5 million.

Hain Celestial Group (HAIN) dropped nearly 7% in pre-market trading after it said it doesn’t expect to file 10-Q until internal accounting review and audit process are completed and that the SEC issued a formal order of investigation and issued a subpoena seeking relevant documents.

Vera Bradley (VRA) fell 3% in after-hours trading after it was announced that CFO Kevin Sierks will step down on March 31.

Source: FoxBusiness, Bloomberg, Barchart, CNBC, Reuters