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

Chipotle Mexican Grill (CMG) was downgraded to ‘Neutral’ from ‘Overweight’ at JPMorgan Chase with a price target of $375.

Everest Re Group Ltd (RE) was downgraded to ‘Underperform’ from ‘Neutral’ at Macquarie Research with a 12-month target price of $186.

Morgan Stanley (MS) is up nearly 2% in pre-market trading after it reported Q4 EPS of 81 cents, higher than consensus of 65 cents.

AmerisourceBegen (ABC) was upgraded to ‘Outperform’ from ‘Market Perform’ at Leerink Partners with a 12-month target price of $95.

Twitter (TWTR) was downgraded to ‘Neutral’ from ‘Buy’ at UBS with a 12-month target price of $18.

HCA Holdings (HCA) was upgraded to ‘Market Outperform’ from ‘Market Perform’ at Avondale Partners LLC with a 12-month target price of $96.

The Container Store Group (TCS) was downgraded to ‘Underweight’ from ‘Equal-weight’ at Morgan Stanley.

Disney (DIS) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs who cited Disney’s fiscal year 2018 film slate as its “best ever” as they raised their price target on the stock to $134 from $109.

Concho Resources (CXO) filed a 2.2 million share shelf registration for stock holder Endurance Resources.

Citigroup estimates that Coherus Biosciences (CHRS) could add $7 a share if the U.S. Supreme Court decides that biosimilars don’t need to issue a 180-day marketing notice and Coherus can launch its low-cost alternative to Amgen’s Neulasta 6 months earlier.

Delphi Automotive PLC (DLPH) says it sees a $300 million pretax charge in Q4 related to ongoing litigation from unsecured claims against DPH Holdings resulting from a 2005 bankruptcy filing.

Source: FoxBusiness, BarChart, CNBC, Bloomberg, Reuters