Welcome to GuruFocus Investment Space.

Please Join Us to share your investment ideas with more than 100,000 GuruFocus users.

Join      Log in

Morning Coffee Pre-Market Wall Street News

208 views  2012-11-26 08:14   Tagsonline  background  continued  customer 

Black Friday Sales Climb. Over the four day Thanksgiving weekend holiday sales rose by 13% to $59.1 billion with the average spending per customer rising 6.3% to $423.00. Online sales continued to climb with online Black Friday sales increasing 26%, topping $1 billion for the first time.

BlackRock Sets Up Infrastructure Fund. Investment giant BlackRock (BLK) announced that it will set up an infrastructure fund making the company the first major fund manager to enter the market. The fund will help governments raise private funding for completing infrastructure projects. The fund will fill the void left by banks that have left the market place following the fiscal crisis back in 2008 and the current EU debt crisis.


Lockheed Martin (LMT): Bernstein raised their rating from Market Perform to Outperform and raised their target price from $105.00 to $111.00. Pre-market: 92.95 +1.12 (1.22%)

Mosaic (MOS): Atlantic Equities raised their rating from Neutral to Overweight.

Broadcom (BRCM): The Benchmark Company raised their rating from Hold to Buy. Pre-market: 31.60 +0.02 (0.06%)

Research In Motion (RIMM): CIBC raised their rating from Sector Underperformer to Sector Outperformer and raised their target price from $8.00 to $17.00. Pre-market: 11.97 +0.31 (2.66%)

Exelon (EXC): Deutsche Bank raised their rating from Hold to Buy. Pre-market: 28.90 +0.33 (1.16%)


Ball Corp (BLL): Deutsche Bank lowered their rating from Buy to Hold.

Aeropostale (ARO): Janney Montgomery Scott lowered their rating from Buy to Neutral and placed a target price of $14.00 on the company.

Chico’s FAS (CHS): FBR Capital lowered their rating from Outperform to Market Perform and lowered their target price from $20.00 to $18.00.

Honda Motor Co (HMC): Macquatie lowered their rating from Outperform to Neutral.

H.J. Heinz (HNZ): Stifel Nicolaus lowered their rating from Buy to Hold.

McDonalds (MCD): Lazard Capital lowered their rating from Buy to Neutral. Pre-market: 86.37 -0.68 (-0.78%)

Coverage Initiated

Apple (AAPL): Citigroup initiated coverage with a Buy rating and target price of $675.00. Pre-market: 572.70 +1.20 (0.21%)

Futures at 7:00: Dow -0.34%. S&P -0.49%. Nasdaq -0.32%. Crude -0.49% to $87.86. Gold -0.05% to $1750.50.

Europe: London -0.62%. Paris -0.85%. Frankfurt -0.40%. 

Asia: Japan +1.80% to 9389. Hong Kong +0.55% to 21862. China -0.49% to 2017. India +0.11% to 18537. 

Comments Comments (0 )

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)