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Early movers: GAS, CMG, ANF, BAC, ANF, BMY & more

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

AGL Resources – The energy services company will be acquired by Southern Co. for $66 billion in cash, or about $8 billion dollars.

Chipotle Mexican Grill – The restaurant chain plans to hire 4,000 workers in a single day on September 9, according to the Wall Street Journal. The move is an effort to combat a difficult environment for attracting and keeping workers.

Bank of America – The bank's shares were upgraded to "outperform" from "market perform" at Keefe, Bruyette & Woods, based on valuation after the recent sell-off. KBW's price target remains unchanged at $20 per share, as does its earnings estimates.

Abercrombie & Fitch – The teen-focused apparel retailer saw its shares upgraded by Piper Jaffray to "overweight" from "neutral", based in part on an improvement in pricing for denim clothing.

Nike – The athletic footwear and apparel retailer's stock was upgraded to "outperform" at Telsey Advisory Group, which notes that the market pullback creates buying opportunities for blue chip companies, and that industry trends are favorable.

Bristol-Myers Squibb – Piper Jaffray upgraded the drug maker's stock to "neutral" from "underweight", saying it's now trading closer to fair value after a recent pullback.

Comcast – The NBC parent's Universal Pictures unit had another successful weekend, with "Straight Outta Compton" topping the weekend box office once again with $26.8 million in North American ticket sales.

Caesars – Caesars will reportedly pay $20 million to settle U.S. charges that the casino operator was lax in enforcing anti-money laundering measures. Reuters said Caesars will enter a deferred prosecution agreement with the Justice Department.

Toyota – The automaker will keep its two Tianjin, China car plants closed through at least Wednesday, in the aftermath of the explosions that resulted in more than 100 deaths and numerous injuries.

General Electric – GE completed the sale of its U.S. Sponsor Finance business to the Canada Pension Plan Investment Board in a transaction valued at more than $11 billion.


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