Morning Coffee Pre-Market Wall Street News206 views 2012-11-12 07:24 Tags: 2017 background annual become
The IEA Says U.S. Will Become Worlds Top Oil Producer. The IEA in its annual World Energy Outlook said that the U.S. will become the world’s largest oil producer by 2017 surpassing both Saudi Arabia and Russia. They also estimate that the U.S. will become energy self-sufficient by 2030. The big boost in production is expected to come from oil shale.
Walt Disney (DIS): Citigroup raised their rating from Neutral to Buy and raised their target price from $50.00 to $54.00. Pre-market: 47.83 +0.77 (1.64%)
Taiwan Semiconductor (TSM): Goldman Sachs raised their rating from Neutral to Conviction Buy.
Arch Coal (ACI): BMO Capital raised their rating from Underperform to Market Perform and placed a target price of $8.00 on the company. Pre-market: 7.46 +0.10 (1.36%)
Merck (MRK): BMO Capital raised their rating from Market Perform to Outperform and placed a target price of $50.00 on the company. Pre-market: 44.60 +0.55 (1.25%)
Bristol-Meyers Squib (BMY): BMO Capital lowered their rating from Outperform to Market Perform and placed a target price of $37.00 on the company. Pre-market: 32.22 -0.01 (-0.03%)
Caterpillar (CAT): JPMorgan lowered their rating from Overweight to Neutral and lowered their target price from $109.00 to $90.00. Pre-market: 84.61 -0.34 (-0.40%)
JC Penney (JCP): Credit Suisse lowered their rating from Neutral to Underperform and lowered their target price from $25.00 to $15.00.
Coverage Reiterated/Price Target Changed
Celgene (CELG): Cantor Fitzgerald reiterated their Buy rating and raised their target price from $82.00 to $96.00. Pre-market: 77.31 +5.81 (8.13%)
Beazer Homes (BZH): Reported EPS of -$2.57 missing estimates by -$1.52. Pre-market: 16.64 0.00 (0.00%)
DR Horton (DHI): Reported EPS of $0.30 beating estimates by +$0.01. Pre-market: 21.00 +0.40 (1.94%)
Futures at 7:13: Dow . S&P . Nasdaq . Crude +0.02% to $86.10. Gold to $1737.10.
Europe: London . Paris +0.01%. Frankfurt .Asia: Japan to 8676. Hong Kong to 21430. China to 18670.