Take a look at some of Friday's morning movers:
McDonald's - The fast-food chain and Dow component said global same-store sales rose a disappointing 3.3 percent in May, hit primarily by weakness outside the U.S.
FedEx - FedEx Freight announced it will increase shipping rates by 6.9 percent effective July 9th. The package delivery company previously announced increases in shipping rates for FedEx Express and FedEx Ground that were effective on Jan. 2.
Yahoo - Bernstein upgraded the Internet company with an "outperform" rating from "market perform" and boosted its price target to $19 from $17.
Cisco - Citigroup initiated coverage of the tech bellwether with a "buy" rating.
Chesapeake Energy - The energy company announced it will in three separate transactions in a deal worth $4 billion, which will help cover a $9 billion to $10 billion funding shortfall in the next three years. Chesapeake is also scheduled to hold its shareholders meeting this morning.
Meanwhile, Citigroup cut its price target on several banks including Wells Fargo , Zions, SunTrust, KeyCorp, First Horizon National, M&T Bank and First Niagara Financial.
Citigroup cut its rating on Lennar and Beazer to "sell" and raised its rating on D.R. Horton and Pulte to "buy." In addition, the brokerage boosted its price target on Ryland and Meritage to $22 from $20.50 and to $28 from $18, respectively. Meanwhile, Citi lowered its price target on KBHome to $8 from $11.50.
Barclays raised its price target on a handful of major airlines including United Continental, U.S. Airways, Southwest Airlines, Spirit Airlines, JetBlue and Delta.
Lululemon Athletica - At least four brokerages slashed their price target on the yoga-apparel retailer a day the company reported that growth in same-store sales would slow.
MasterCard - Guggenheim lowered its price target on the credit-card provider to $510 from $520.
Navistar International - Billionaire Investor Carl Icahn increased his stake in the truck and engine maker to 11.87 percent from 9.99 percent. The additional shares were purchased on June 7, when Navistar shares fell as much as 28 percent after a quarterly loss.
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
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