Paccar ($PCAR +0.47%) was downgraded to 'Sector Perform' from 'Outperform' at RBC Capital Markets. Quest Diagnostics ($DGX +0.34%) won dismissal of a class action lawsuit brought by consumers claiming it monopolized the Northern California diagnostic labs market.
FMC Technologies ($FTI -1.56%) was upgraded to 'Buy' from 'Neutral' at Guggenheim. Lululemon ($LULU -0.85%) was cut to 'Under Perform' from 'Market Perform' at FBR Capital.
Mattress Firm Holding ($MFRM -2.95%) jumped over 9% in after-hours trading after the company said it will buy Sleepy's for $780 million. Allstate ($ALL -0.13%) was upgraded to 'Neutral' from 'Sell' at Citigroup.
ITC Holdings ($ITC +9.27%) confirmed that it has begun a strategic review that may lead to a possible sale of the company as it works to "maximize value for shareholders."
Shoe Carnival ($SCVL -2.79%) reported Q3 EPS of 47 cents, right on consensus, although Q3 revenue of $269.7 million was higher than consensus of $264.4 million.
The Chemours Company ($CC -1.42%) said its plans to reduce its global workforce in 2016 by 400, or 5%. Zumiez ($ZUMZ -9.10%) was downgraded to 'Market Perform' from 'Outperform' at William Blair & Co.
Powell Industries ($POWL -0.31%) slumped 10% in after-hours trading after it reported Q4 adjusted EPS of 45 cents, below consensus of 48 cents, and then lowered guidance on fiscal 2016 adjusted EPS to 65 cents-$1.05, well below consensus of $1.62.