Morning Coffee Pre-Market Wall Street News155 views 2012-12-13 08:54 Tags: background including leading white
Walmart in Talks to Acquire Migros. Reports say that Wal-Mart (WMT) is in talks to acquire an 80% stake in leading Turkish retailer Migros. The deal would value Migros at over $4B including debt. Wal-Mart is facing some competition since France's Carrefour (CRRFY) and Britain's Tesco (TSCDF) have also shown interest in Migros.
Ciena (CIEN): Reported EPS of -$0.07 missing estimates by -$0.01.
Hovnanian (HOV): Reported EPS of $0.02 beating eatimates by +$0.06.
Pier 1 Imports (PIR): Reported EPS of $0.25 beating estimates by +$0.01.
Eli Lilly (LLY): Cowen raised their rating from Underperform to Neutral.
Yum! Brands (YUM): Goldman Sachs raised their rating from Neutral to Buy and placed a target price of $77.00 on the company.
Titanium Metals (TIE): JPMorgan lowered their rating from Overweight to Neutral and lowered their target price from $17.00 to $16.50.
Darden Restaurants (DRI): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $49.00 on the company.
Five Below (FIVE): BB&T Capital Markets initiated coverage with a Hold rating.
Molycorp (MCP): Robert W. Baird initiated coverage with a Neutral rating and target price of $10.00.
W.R. Grace (GRA): Robert W. Baird initiated coverage with an Outperform rating and target price of $10.00.
Copart (CPRT): Northcost initiated coverage with a Buy rating and target price of $36.00.
Western Union (WU): Guggenheim initiated coverage with a Neutral rating and target price of $14.50.
Brinker Intl (EAT): Citigroup initiated coverage with a Buy rating and target price of $38.00.
Futures at 9:07: Dow +0.15%. S&P +0.04. Nasdaq +0.01%. Crude to $86.25. Gold to $1695.30.
Europe: London . Paris -0.18%. Frankfurt .
Asia: Japan to
9743. Hong Kong to
22446. China to
2061. India to