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Doral Financial (NYSE: DRL) shares surged 23.06% to $8.70 in pre-market trading following Wednesday's news that an appeals court in Puerto Rico unanimously reversed a ruling from a lower court.

Constellation Brands (NYSE: STZ) shares jumped 6.94% to $94.51 in pre-market trading. Stifel analyst Mark Swartzberg reiterated a Buy rating on Constellation Brands and lifted the price target from $90.00 to $113.00. On Wednesday, the company reported Q1 EPS of $1.07 on revenue of $1.53 billion.

Lululemon Athletica (NASDAQ: LULU) shares gained 6.78% to $43.00 in pre-market trading after Dow Jones reported that the company's founder Dennis Wilson, is exploring options, including a potential sale of the company to private equity.

Ryanair Holdings plc (NASDAQ: RYAAY) shares gained 2.88% to $55.65 in pre-market trading after dropping 3.60% on Wednesday.

Cree (NASDAQ: CREE) shares jumped 2.74% to $51.69 in pre-market trading. Oppenheimer upgraded Cree from Market Perform to Outperform.

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