Morning Coffee Pre-Market Wall Street News155 views 2013-03-22 07:37 Tags: net 2011 background recent fallen
American’s Net Worth Falls. A recent report showed that American’s net worth fell 39%. The median net worth of American households in 2005 was $107,000 in 2011 it had fallen to only $69,000. Additionally, debt in households headed by older people more than double. During the last decade the median debt rose to $26,000 from $12,000.
Family Dollar Stores (FDO): Citigroup lowered their rating from Buy to Neutral and lowered their target price from $69.00 to $65.00. Pre-market: 60.45 +0.60 (1.00%)
H&M (HNNMY): HSBC Securities lowered their rating from Neutral to Underweight.
Humana (HUM): Susquehanna lowered their rating from Positive to Neutral and lowered their target price from $85.00 to $74.00.
Kolh’s (KSS): Deutsche Bank lowered their rating from Hold to Sell and lowered their target price from $42.00 to $41.00. Pre-market: 45.84 -0.59 (-1.27%)
Vail Resorts (MTN): Stifel lowered their rating from Buy to Hold.
Bright Horizons (BFAM): William Blair initiated coverage with an Outperform rating.
Diego plc (DEO): Stifel initiated coverage with a Buy rating. re-market: 123.00 +0.94 (0.77%)
Gildan Activewear (GIL): Goldman Sachs initiated coverage with a Neutral rating and target price of $39.00.
Coverage Reiterated/Price Target Changed
Nike (NKE): Stifel reiterated their Buy rating and raised their target price from $60.00 to $63.00. Pre-market: 57.80 +4.20 (7.84%)
Nike (NKE): Janney Capital reiterated their Neutral rating and raised their target price from $55.00 to $57.00. Pre-market: 57.80 +4.20 (7.84%)
KB Home (KBH): Reported EPS of -$0.16 beating estimates by +$0.07. Pre-market: 22.10 0.00 (0.00%)
Ross Stores (ROST): Reported EPS of $1.07 in-line with estimates.
Darden Restaurants (DRI): Reported EPS of $1.02 beating estimates b y +$0.01.
Tiffany & Co. (TIF): Reported EPS of $1.40 beating estimates b y +$0.04. Pre-market: 71.25 +3.34 (4.92%)
Futures at 8:35: Dow . S&P . Nasdaq . Crude to $1604.00.
Europe: London . Paris . Frankfurt .
Asia: Japan to
12339. Hong Kong to
22115. China to 2328. India to 18736.