Check out the companies making headlines before the bell:
Exxon Mobil, Chevron – These and other energy stocks are getting a boost following the jump in oil prices. Exxon and Chevron in particular will help limit any losses seen by the Dow Jones Industrial Average.
Aimmune Therapeutics – A Food and Drug Administration panel recommended approval of Aimmune’s treatment for peanut allergies in children. It would be the first-ever treatment on the market for that condition if the FDA follows the panel’s recommendation.
Boeing — The head of the UAE’s Civil Aviation Authority said he was not optimistic that Boeing could return its 737 Max to service by the end of this year. UAE airline flydubai is one of the largest Max customers.
Lyft, Uber – The ride-hailing stocks were both upgraded to “buy” from “hold” at HSBC. However, the price targets for both were cut – to $62 from $67 for Lyft, and to $44 from $49 for Uber. The firm said regulatory concerns surrounding both companies are already priced in.
Dick’s Sporting Goods – The sporting goods retailer was downgraded to “market perform” from “outperform” at Wells Fargo Securities in a valuation call, with the stock having hit its price target after a 25% year-to-date gain.
Lowe’s – Wedbush upgraded the home improvement retailer to “outperform” from “neutral,” pointing to signs of improving execution.
Aurora Cannabis – Aurora Cannabis was downgraded to “sell” from “hold” at Stifel Nicolaus, citing the near-term outlook for the cannabis producer, as well as negative investor sentiment for the sector.