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Madison Square Garden Co. (NASDAQ: MSG) picked up more than 5 percent, trading at $85.11 in Friday's extended session after the company confirmed it will spin off its sports and entertainment business to shareholders, retaining its TV networks.

In a report published Friday, Citi analysts initiated coverage Esperion Therapeutics Inc (NASDAQ: ESPR) with a Buy rating and a price target of $130.

In a report published Friday, Leerink Partners analysts maintained a Market Perform rating on Becton, Dickinson and Company (NYSE: BDX), while raising the price target from $150 to $158, following the recent meeting with CEO Vincent Forlenza, CFO Chris Reidy and BD Medical Segment President Tom Polen at the company's headquarters in New Jersey.

In a report published Friday, Maxim Group analysts maintained a Hold rating on Urban Outfitters Inc (NASDAQ: URBN), while raising the price target from $26 to $32.

Altera Corporation (NASDAQ: ALTR) was halted briefly before the market close after a rumor claimed the company could be acquired by Intel Corporation (NASDAQ: INTC).

Intel Corporation (NASDAQ: INTC) is in talks to purchase Altera Corporation (NASDAQ: ALTR), according to a Dow Jones report.

In a report published Friday, FBR Capital Markets analysts maintained a Market Perform rating on Fred's, Inc (NASDAQ: FRED), while raising the price target from $15 to $18.

A new report by Oppenheimer identifies certain stocks that are technical buys according to their respective charts. Here are the four stocks Oppenheimer chose after analyzing the industrial sector.

Delta Air Lines, Inc. (NYSE: DAL)

Restoration Hardware Holdings Inc (NYSE: RH) shares gained 4 percent Friday after the retailer forecast slower revenue growth but said it will launch two new businesses.

The luxury home furnishings retailer closed at $96.92, up $3.78. During the past 12 months, shares are up about 50 percent.

Ryan Craver was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.