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164 views 2013-03-14 08:34 Tags: its background company assist whiteHeinz to Issue Debt. Reports say that Heinz (HNZ) will offer $2.1 billion worth of bonds and take $12 billion in loans to assist its acquisition by 3G Capital and Berkshire Hathaway (BRK.A/BRK.B). The company believes that the 7.5 year senior notes will go to market in the next few of weeks. BRK.B Pre-market: 103.84 +0.19 (0.18%)
Upgrades
Apple (AAPL): BTIG raised their rating from Neutral to Buy. Pre-market: 432.18 +3.83 (0.89%)
Avon Products (AVP): Stifel Nicholaus raised their rating from Hold to Buy and placed a target price of $26.00 on the company. Pre-market: 20.42 +0.24 (1.19%)
Coca Cola (KO): CLSA raised their rating from Underperform to Outperform and raised their target price from $41.00 to $43.00. Pre-market: 38.82 +0.23 (0.60%)
Eaton Corp. (ETN): Buckingham raised their rating from Neutral to Buy and raised their target price from $63.00 to $75.00. Pre-market: 63.69 +0.27 (0.43%)
Ebay (EBAY): Evercore their rating from Equal Weight to Overweight and placed a target price of $64.00 on the company. Pre-market: 51.71 +0.73 (1.43%)
Downgrades
Airgas (ARG): Morgan Stanley lowered their rating from Overweight to Equal Weight.
Amazon.com (AMZN): JPMorgan lowered their rating from Overweight to Neutral and lowered their target price from $333.00 to $300.00. Pre-market: 268.99 -6.11 (-2.22%)
Gildan Activewear (GIL): DA Davidson lowered their rating from Buy to Neutral and lowered their target price from $43.00 to $41.00. Pre-market: 38.20 -0.45 (-1.16%)
Coverage Initiated
Chico's FAS (CHS): Ascendiant Capital Markets initiated coverage with a Strong Buy and target price of $26.00. Pre-market: 18.18 +0.18 (1.00%)
JC Penney (JCP): BTIG initiated coverage with a Buy and target price of $22.00. Pre-market: 16.08 +0.43 (2.75%)
SanDisk (SNDK): Macquarie initiated coverage with an Outperform rating and target price of $65.00. Pre-market: 55.03 +0.59 (1.08%)
Urban Outfitters (URBN): Ascendiant Capital Markets initiated coverage with a Buy and target price of $47.00.
Earning Reports
Coldwater Creek (CWTR): Reported EPS of -$0.65 beating estimates by +$0.14.
Hot Topic (HOTT): Reported EPS of $0.29 beating estimates by +$0.02.
Men's Wearhouse (MW): Reported EPS of $-0.07 missing estimates by +$0.01. Pre-market: 32.90 +3.83 (13.18%)
Markets:
Futures
at 8:14: Dow +0.14%. S&P +0.25%. Nasdaq +0.43%. Crude -0.46% to $92.09. Gold -0.55% to $1579.70.
Europe: London +0.38%. Paris +0.79%. Frankfurt +1.02%.
Asia: Japan +1.16% to
12381. Hong Kong +0.28% to
22619. China +0.28% to 2270. India +1.07% to 19570.
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