MORNING COFFEE

McDonald’s Bringing Coffee to Your Home. Reports say the McDonald's (MCD) has filed a trademark with the USPTO to use its name for both whole-bean and other coffee products. Analysts believe that the move could signal plans to sell its coffee by the bag. The company's McCafe has been very successful and such a move could be a blow to both Dunkin’ Brands (DNKN) and Starbucks (SBUX). MCD Pre-market: 90.80 +0.45 (0.50%)

Upgrades

ProLogis (PLD): Stifel Nicolaus raised their rating from Hold to Buy and placed a target price of $40.00 on the company.

Con Edison (ED): Argus raised their rating from Hold to Buy. Pre-market: 60.25 +0.49 (0.82%)

Thor Industries (THO): Wedbush raised their rating from Neutral to Outperform and raised their target price from $33.00 to $46.00.       

Advance Mico Devices (AMD): MKM Partners raised their rating from Sell to Neutral. Pre-market: 3.16 +0.04 (1.28%)

Ryder Systems (R): SunTrust raised their rating from Neutral to Buy and placed a target price of $48.00 on the company. Pre-market: 49.39 +0.80 (1.65%)

eBay (EBAY): Nomura raised their rating from Neutral to Buy and placed a target price of $60.00 on the company.

Downgrades

Time Warner (TWX): Argus lowered their rating from Buy to Hold. Pre-market: 45.68 -0.12 (-0.26%)

Con-Way (CNW): Bank of America / Merrill Lynch lowered their rating from Buy to Underperform and lowered their target price from $37.00 to $27.00.

United Postal Service (UPS): RBC Capital lowered their rating from Outperform to Sector Perform and lowered their target price from $84.00 to $75.00.

Sprint Nextel (S): RW Baird lowered their rating from Neutral to Underperform and placed a target price of $3.00 on the company. Pre-market: 5.05 -0.15 (-2.88%)

Coverage Initiated

Baxter International (BAX): Cowen initiated coverage with an Outperform rating.

Edison International (EIX): Credit Suisse initiated coverage with an Underperform rating and target price of $6.00. Pre-market: 46.95 +0.35 (0.75%)

Earning Reports

Marriott (MAR): Reported EPS of $0.44 beating estimates by +$0.04. Pre-market: 39.75 +0.75 (1.92%)

Intl Speedway (ISCA): Reported EPS of $0.01 missing estimates by -$0.07. Pre-market: 24.99 -3.46 (-12.16%)

Markets: 
Futures at 8:18: Dow +0.36%. S&P +0.44. Nasdaq +0.38%. Crude +0.61% to $88.66. Gold +0.60% to $1790.50.

Europe: London +0.13%. Paris +0.23%. Frankfurt +0.02%. 

Asia: Japan +0.89%. Hong Kong +0.09%. China closed. India +1.00%.