Morning Coffee Pre-Market Wall Street News222 views 2013-03-12 07:01
Hostess Brands Sold. Yesterday bids to buy bankrupt Hostess Brands where due by 5:00 pm and only one bid was submitted. Hostess will sell its snack-cake business to bidders Apollo Global Management (APO) and food executive Dean Metropoulos. Apollo and Metropoulos had submitted a winning bid of $410 million back in January.
Dicks Sporting Goods (DKS): Goldman Sachs raised their rating from Buy to Conviction Buy and raised their target price from $53.00 to $56.00. Pre-market: 46.00 +0.89 (1.97%)
Dicks Sporting Goods (DKS): BMO Capital raised their rating from Market Perform to Outperform and maintained a target price of $57.00. Pre-market: 46.00 +0.89 (1.97%)
Mosaic (MOS): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $62.00 to $72.00. Pre-market: 62.07 +0.57 (0.93%)
Sherwin-Williams (SHW): Credit Suisse raised their rating from Underperform to Neutral and raised their target price from $161.00 to $175.00. Pre-market: 168.42 +0.69 (0.41%)
Agrium (AGU): BMO Capital lowered their rating from Outperform to Market Perform and maintained their target price of $120.00.
CVS Caremark (CVS): Goldman Sachs lowered their rating from Buy to Neutral and maintained their target price of $57.00. Pre-market: 52.15 -0.48 (-0.91%)
Infosys Ltd (INFY): Susquehanna lowered their rating from Neutral to Negative and placed a target price of $38.00 on the company.
PVH Corp (PVH): Piper Jaffray lowered their rating from Overweight to Neutral and lowered their target price from $127.00 to $124.00.
Radio Shack (RSH): Goldman Sachs lowered their rating from Neutral to Sell and lowered their target price from $2.95 to $2.75. Pre-market: 3.34 -0.14 (-4.02%)
Best Buy (BBY): Goldman Sachs initiated coverage with a Buy rating and target price of $25.00. Pre-market: 20.22 +0.14 (0.70%)
Pandora Media (P): Pacific Crest initiated coverage with an Outperform rating and target price of $17.00. Pre-market: 13.70 -0.04 (-0.29%)
Chiquita Brands (CQB): Reported EPS of -7.20 missing estimates by -6.86. After Hours: 6.95 +0.20 (2.96%)
Costco (COST): Reported EPS of $1.00 beating estimates by +$0.05. Pre-market: 104.00 +1.56 (1.52%)
Diamond Foods (DMND): Reported EPS of $0.05 missing estimates by -0.03%. Pre-market: 16.48 -1.12 (-6.36%)
Urban Outfitters (URBN): Reported EPS of $0.56 missing estimates by -0.01. Pre-market: 40.03 -1.47 (-3.54%)
Futures at 7:45: Dow . S&P . Nasdaq . Crude +0.03 to $1592.40.
Europe: London +0.06%. Paris -0.02%. Frankfurt -0.09%.
Asia: Japan to
12315. Hong Kong to
22891. China to 19565.