Early movers: TWX, MMM, CMCSA, DKS, WSM, VFC, KMB, MET & more
Check out which companies are making headlines before the bell:
Time Warner — AT&T will buy the media giant for $85.4 billion in cash and stock, worth $107.50 per share compared to a Friday close of $89.48. Lawmakers are already promising heavy scrutiny of the deal because of competitive concerns. Separately, AT&T reported adjusted quarterly profit of 74 cents per share, matching estimates, and raised its dividend by a penny to 49 cents per share.
3M — 3M was upgraded to "overweight" from "equal weight" at Barclays, based on a recent pullback and a recovery in emerging markets, where 3M has significant exposure.
Comcast — Macquarie upgraded the NBCUniversal and CNBC parent to "outperform" from "neutral," mentioning Comcast's DreamWorks acquisition, digital initiatives, and the focus on distribution and content highlighted by the AT&T/Time Warner deal and other transactions.
Dick's Sporting Goods — Cowen upgraded the sporting goods retailer to "outperform" from "neutral," citing increased customer traffic and a rise in consumer satisfaction.
Williams-Sonoma — Citi tapped the household goods retailer as a top holiday stock pick, mentioning easy comps and upbeat spending...