Morning Call For Thursday, Dec. 20

Overnight U.S. Stock Movers

Occidental Petroleum (OXY -1.43%) was rated a new 'Overweight' at KeyBanc Capital Markets with a price target of $75.

Phillips 66 (PSX +0.51%) was upgraded to 'Buy' from 'Hold' at Jeffries with a price target of $105.

ShotSpotter (SSTI +0.36%) was rated a new 'Buy' at B Riley FBR with a price target of $53.

Celanese (CE -0.84%) may open higher initially this morning after it was announced that it will replace Express Scripts in the S&P 500 before the open of trading on Monday, December 24.

Bluebird Bio (BLUE -2.22%) was rated a new 'Strong Buy' at Raymond James with a price target of $165.

Tilray (TLRY -7.19%) rallied 16% in after-hours trading after Anheuser-Busch InBEv SA joined into a research partnership with Tilray where both companies will invest $50 million each into a partnership to develop non-alcoholic, cannabis-infused beverages.

Halliburton (HAL -4.62%) was upgraded to 'Buy' from 'Hold' at Societe Generale with a price target of $34.

Cal-Maine Foods (CALM -0.54%) was downgraded to 'Sell' from 'Hold' at Goldman Sachs with a 6-month price target of $32.

G1 Therapeutics (GTHX +0.88%) tumbled 23% in after-hours trading after it said a Phase 2 trial of its Trilaciclib in patients with small cell lung cancer failed to show a benefit over chemotherapy in response rate and progression-free survival.

Herman Miller (MLHR -1.43%) jumped 7% in after-hours trading after it reported Q2 net sales of $652.6 million, better than consensus of $647 million, and then forecast Q3 sales of $615 million to $630 million, stronger than consensus of $602.5 million.

Limoneira (LMNR +0.86%) fell 5% in after-hours trading after it forecast 2019 adjusted EPS of 75 cents to 85 cents, weaker than consensus of 89 cents.

Spectrum Pharmaceuticals (SPPI -1.51%) plunged nearly 30% in after-hours trading after the FDA did not grant Breakthrough Therapy Designation status to its Poziotinib drug for the treatment of patients with metastatic non-small cell lung cancer. 

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