Morning Coffee Pre-Market Wall Street News

Dollar General Joins the S&P 500. Standard & Poor’s announced that Dollar General (DG) will be added to the S&P 500 index on Friday. The company will be replacing Cooper Industries (CBE), which is being acquired by Eaton Corp. (ETN). DG Pre-market: 50.85 +1.54 (3.12%)

Upgrades

Yelp (YELP): Cantor Fitzgerald raised their rating from Hold to Buy and placed a target price of $24.00 on the company. Pre-market: 19.60 +0.61 (3.21%)

Genuine Parts (GPC): Sun Trust raised their rating from Neutral to Buy and placed a target price of $75.00 on the company.

Exelon (EXC): ISI Group raised their rating from Neutral to Buy. Pre-market: 29.47 +0.15 (0.51%)

Eaton Vance (EV): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $30.00 to $36.00. Pre-market: 31.86 +0.21 (0.66%)

Downgrades

Baxter (BAX): Mizuho lowered their rating from Buy to Neutral and placed a target price of $72.00 on the company. Pre-market: 66.62 -0.22 (-0.33%)

Boston Scientific (BSX): Bernstein lowered their rating from Outperform to Market Perform and maintained their target price of $6.00. Pre-market: 5.65 -0.01 (-0.18%)

Pfizer (PFE): MKM Partners lowered their rating from Buy to Neutral. Pre-market: 24.32 -0.17 (-0.67%)

Coverage Initiated

Eastman (EMN): KeyBanc Capital Markets initiated coverage with a Buy rating and target price of $74.00 on the company.

Angie's List (ANGI): Northland Securities Markets initiated coverage with a Outperform rating and target price of $15.00 on the company.

Allscripts Healthcare (MDRX): JMP Securities initiated coverage with a Market Perform rating.

Illinois Tool Works (ITW): Stifel Niclaus initiated coverage with a Buy rating and target price of $71.00 on the company.

Foot Locker (FL): Goldman Sachs Niclaus initiated coverage with a Buy rating and target price of $39.00 on the company.

Markets: 
Futures at 7:46: Dow -0.03%. S&P +0.03%. Nasdaq +0.09%. Crude +0.27% to $87.99. Gold -0.18% to $1747.80.

Europe: London +0.43%. Paris +0.28%. Frankfurt +0.58%. 

Asia: Japan +0.37% to 9423.3. Hong Kong -0.08% to 21844. China -1.30% to 1991. India +1.65% to 18842.