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Stocks to Watch: November 16, 2016

Check out which companies are making headlines before the bell:

Lowe's — The home improvement retailer earned an adjusted 88 cents per share for the third quarter, missing estimates by eight cents a share. Revenue was also below forecasts. Same-store sales rose 2.7 percent, falling short of the Thomson Reuters consensus estimate of a 2.9 percent increase. Lowe's also warned it may not meet prior sales guidance.

Target — The retailer beat estimates by 19 cents a share, with adjusted quarterly profit of $1.04 per share. Revenue was above forecasts, as well. Same-store sales were down 0.2 percent, less than the 1.1 percent that analysts were forecasting. Target also raised current-quarter guidance for comparable-store sales and gave earnings guidance above Street estimates.

Walt Disney — Deutsche Bank upgraded Disney to "buy" from "hold," with a price target of $112 per share. Deutsche Bank said it now has more confidence in Disney's projection of a return to double-digit earnings growth in 2018.

Lululemon — Credit Suisse cut the yoga wear maker's stock to "neutral" from " outperform," citing an increase in "markdown intensity" among other factors.

Fitbit — Pacific Crest upgraded the maker of wearable fitness devices to "sector weight" from "underweight." The firm said the stock now more fully reflects the skepticism that it expressed in its late September downgrade, which mentioned the maturing of the market providing additional headwinds for Fitbit.

Bank of America, Capital One, Fifth Third — Baird downgraded the three bank stocks (to "neutral" from "outperform" for BofA and Capital One, to "underperform" from "neutral" for Fifth Third). Baird said the rally in financial stocks after the election has already built in the potential benefits from rising interest rates and lower tax rates.

Gap — The apparel retailer named Teri List-Stoll as chief financial officer effective January 17. List-Stoll was previously CFO at Dick's Sporting Goods and Kraft Foods. The company had announced the departure of current CFO Sabrina Simmons earlier this month.

Microsoft — Microsoft is offering concessions to European Union regulators to win approval for its $26 billion deal to buy LinkedIn. Officials had expressed concerns about the deal in a meeting with Microsoft executives last week.

UBS — UBS said it would not change its presence in London in the foreseeable future. The Swiss bank's chairman Axel Weber said UBS would wait and see "where the dust settles" following Britain's vote to leave the European Union.

Walgreens Boots Alliance — Walgreens claimed in court papers that medical testing lab Theranos voided 11.3 percent of all blood tests provided to customers at Walgreens. The drugstore chain is suing Theranos for alleged breach of contract.

Square — Chief Executive Officer Jack Dorsey has filed a plan to sell up to seven percent of his shares in the mobile payments company in the next 12 months, with Dorsey planning to use the funds for financial and tax planning, as well as funding his Start Small Foundation.