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Actionable news in CSCO: Cisco Systems, Inc.,

Early movers: STZ, PFE, AGN, WFC, CSCO, PLCM, AMZN, JNJ, CREE & more

Check out which companies are making headlines before the bell:

Constellation Brands — The spirits maker reported quarterly profit of $1.19 per share, 5 cents above estimates, with revenue also beating forecasts. Constellation also announced an agreement to buy the Prisoner Wine Co.'s brand portfolio from Huneeus Vintners for an undisclosed amount.

Allergan, Pfizer — Pfizer abandoned its $160 billion merger with Allergan following the Treasury's new rules aimed at discouraging so-called corporate tax inversions. Pfizer will pay a deal termination fee of $150 million to reimburse Allergan for expenses, per their merger agreement.

Wells Fargo — Guggenheim downgraded the bank's shares to "neutral" from "buy." The firm said the stock is fully valued relative to its peer group, among other factors. At the same time, Guggenheim designated Ally Financial as a "Best Idea," citing an improving cost of funds and stable...


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