Check out which companies are making headlines before the bell:
Coca-Cola (KO)-The beverage company reported earnings per share of 44 cents, excluding items, on $10.58 billion in revenue, versus expectations of earnings of 44 cents a share on $10.55 billion in sales. In an interview with CNBC, CEO Muhtar Kent said the beverage giant was regaining its momentum .
Yahoo (YHOO)-Macquaire upgraded the search engine to outperform from neutral.
IBM (IBM) - Citigroup downgraded the technology company to neutral to buy.
Ingram Micro (IM) - Citigroup upgraded the company to a buy from neutral.
Morgan Stanley (MS) - Bank of America upgraded the investment firm to buy from neutral.
Umpqua (UMPQ) - Standard & Poor's said the lender will replace Scientific Games (SGMS) in theS&P MidCap 400 (CME:Index and Options Market: @MD.1) index after the close of trading on Thursday, with Scientific Games replacing Umpqua in the S&P SmallCap 600 (NYSE Arca: RZG).
-By CNBC's Kate Gibson.
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- Consumer Discretionary
- Australia International News
- Johnson & Johnson
- pharmaceutical company