Goldman Sachs Forecasts Big Jump In Commodity Prices. In a report from Goldman Sachs Group (GS) an analyst predicts a 18.2% jump in commodities in the next 12 months, with energy and industrial metals showing the largest gains. The report forecast energy will gain 26.5% followed by industrial metals with a 10% gain. The report goes on to say that precious metals will gain 6%, livestock 4.5%. Agriculture should lose 5% over the next 12 months. DBC close: 28.63 0.00 (0.00%), GLD Pre-market: 170.62 -1.34 (-0.78%)
PVH (PVH): Piper Jaffray raised their rating from Neutral to Overweight and raised their target price from $93.00 to $109.00.
Allergan (AGN): CLSA raised their rating from Underperform to Outperform and raised their target price from $98.00 to $103.00.
Canadian National Railroad (CNI): TD Securities raised their rating from Hold to Buy. Pre-market: 88.10 +0.03 (0.03%)
Regions Financial (RF): Compass Point lowered their rating from Buy to Neutral.
Valero Energy (VLO): Argus lowered their rating from Buy to Hold.
Carnival Corp (CCL): Topeka lowered their rating from Buy to Hold.
Darden Restaurants (DRI): Susquehanna lowered their rating from Positive to Neutral.
Darden Restaurants (DRI): JPMorgan lowered their rating from Overweight to Neutral and lowered their target price from $63.00 to $61.00.
Micron Technology (MU): Pacific Crest lowered their rating from Outperform to Sector Perform. Pre-market: 6.23 -0.13 (-2.04%)
Baxter International (BAX): Deutsche Bank lowered their rating from Buy to Hold and maintained their target price of $63.00 on the company.
United States Steel (X): Citigroup lowered their rating from Buy to Neutral and lowered their target price from $30.00 to $23.00. Pre-market: 19.27 -0.67 (-3.36%)
Genworth Financial (GNW): Macquarie initiated coverage with a Neutral rating and target price of $7.00.
Lennar (LEN): Reported EPS of $0.40 beating estimates by +$0.12. Pre-market: 38.90 +1.39 (3.71%)
Futures at 7:38: Dow . S&P . Nasdaq . Crude to $1763.00.
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