Before The Bell

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Citigroup downgraded its rating on shares of IBM Corp. (IBM) Tuesday morning to "Neutral" from "Buy." IBM gapped open lower Tuesday, but was range-bound throughout the session. The stock finished with a loss of 0.75 at $197.02. IBM had been on an upward trend for over 2-months.

Aaron's Inc. (AAN) announced Tuesday morning that it agreed to acquire Progressive Finance Holdings, LLC in an all-cash transaction valued at $700 million. The company also announced that it now expects to report first quarter revenues of $587.5 million, down from prior expectations of $600 million....

Zebra Technologies Corp. (ZBRA) announced Tuesday morning that it agreed to acquire the Enterprise business of Motorola Solutions (MSI) for $3.45 billion in an all-cash transaction. Zebra Technologies gapped open higher Tuesday, but steadily declined until around 1:00PM, before settling into a range....

Pep Boys (PBY) reported a fourth quarter loss of $0.06 per share after the bell Monday, compared to the loss of $0.27 per share a year ago. Analysts expected the company to report a profit of $0.05 per share. Pep Boys gapped open lower Tuesday and steadily declined until mid-morning, before settling...

Axiall Corp. (AXLL) announced after the close Monday that the damage from the December 20 fire at its PHH vinyl chloride monomer manufacturing facility at the company's chemicals complex in Lake Charles, Louisiana, has been repaired and the facility has resumed operations. The company expects to report...

Johnson & Johnson (JNJ) reported first quarter adjusted EPS of $1.54 Tuesday morning, compared to $1.44 a year ago. Analysts expected EPS of $1.48. The company said it now expects full year 2014 adjusted earnings of $5.80 to $5.90 per share, up from prior expectations of $5.75 to $5.85 per share. The...

Prestige Brands Holdings (PBH) announced Tuesday morning that it agreed to acquire Hydralyte in Australia and New Zealand from The Hydration Pharmaceuticals Trust of Victoria, Australia. Prestige Brands gapped open higher Tuesday, but traded in a range for the majority of the session. Shares finished...

Coca-Cola Co. (KO) reported first quarter adjusted EPS of $0.44 Tuesday morning, compared to $0.46 last year. The consensus estimate was for EPS of $0.44. Revenues declined 4 percent to $10.58 billion from $11.04 billion in the same quarter last year, but topped the consensus estimate of $10.55 billion. Coca-Cola...

Credit-card issuer American Express Co. (AXP) is expected to report results for the first quarter after the close of trading. The New York-based company is expected to earn $1.30 per share, higher than the prior year's $1.15 per share. Quarterly revenues are anticipated to climb to $8.36 billion from...

Citigroup Inc. (C) reported first quarter adjusted EPS of $1.30 Monday morning, compared to $1.29 a year ago. The consensus estimate was for EPS of $1.14. Citigroup gapped open sharply higher Monday, but was range-bound throughout the session. The stock finished with a gain of 1.99 at $47.67 on above...

RW Baird upgraded its rating on shares of Visa Inc. (V) Monday morning to "Outperform" from "Neutral." Visa gapped up at the open Monday, but traded in a range for the bulk of the session. The stock finished with a gain of 4.38 at $201.01 on above average volume. Visa rebounded off of support, following...

WebMD Health Corp. (WBMD) announced Monday morning that it expects first quarter revenues to be at the high end of the prior range and adjusted EBITDA and net income to be slightly above the high end of the range. For the full year 2014, WebMD now expects to be in the top half of the prior ranges for...

Koppers Holdings Inc. (KOP) announced Monday morning that its Koppers Inc. subsidiary has signed an agreement to acquire the Wood Preservation and Railroad Services businesses of Osmose Holdings Inc. for $460 million. Koppers Holdings rose sharply during the first hour of trade Monday and took out...

Goodrich Petroleum Corp. (GDP) announced the completion of its Blades 33H-1 well in Tangipahoa Parish, Louisiana Monday morning. The well achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent per day. Goodrich Petroleum gapped up Monday and rose steadily during...

Aspen Insurance Holdings (AHL) announced Monday morning that it received a proposal from Endurance Specialty Holdings (ENH) to acquire all of the common shares of Aspen for $3.2 billion, or $47.50 per share. Aspen Insurance Holdings gapped open dramatically higher Monday, but retreated during the...