Morning Coffee Pre-Market Wall Street News208 views 2013-03-26 07:05 Tags: background expected reported better higher
Stock Futures Point Up. U.S. stock futures are higher in the pre-market after the Commerce Department reported a better than expected Durable Orders report. Wall Street analysts had expected Durable Orders to rise 3.8%, but that number was easily beaten, coming in at 5.7%. Last month’s report came in at -3.8% and was revised lower to -4.9%. Durable Orders reports the change in sales of big ticket items that have a lifespan of three years or more.
BroadSoft (BSFT): Raymond James raised their rating from Underperform to Market Perform. Pre-market: 27.26 +0.37 (1.38%)
Electronic Arts (EA): Piper Jaffray raised their rating from Neutral to Overweight and raised their target price from $20.00 to $23.00.
National Oilwell (NOV): Guggenheim raised their rating from Neutral to Buy. Pre-market: 69.10 +0.59 (0.86%)
Peabody Energy (BTU): Raymond James raised their rating from Market Perform to Outperform. Pre-market: 21.25 +0.45 (2.16%)
RF Micro Device (RFMD): Oppenheimer raised their rating from Perform to Outperform and placed a target price of $7.00 on the company. Pre-market: 5.20 +0.29 (5.91%)
Cabot Oil & Gas (COG): Stifel lowered their rating from Buy to Hold. Pre-market: 67.32 -0.10 (-0.15%)
Gordmans Stores (GMAN): Stifel lowered their rating from Buy to Hold. Pre-market: 13.01 -1.21 (-8.51%)
Southwestern Energy (SWN): Stifel lowered their rating from Buy to Hold.
Delphi Automotive (DLPH): KeyBanc initiated coverage with a Buy rating and target price of $55.00.
Healthsouth (HLS): Stifel resumed coverage with a Buy rating and placed a target price of $29.00 on the company.
Coverage Reiterated/Price Target Changed
Apple (AAPL): Oppenheimer reiterated their Outperform rating and lowered their target price from $600.00 to $550.00. Pre-market: 464.09 +0.51 (0.11%)
Children's Place (PLCE): Reported EPS of $1.15 beating estimates by +$0.11. Pre-market: 43.48 -2.51 (-5.46%)
Sonic (SONC): Reported EPS of $0.5 in-line with estimates. Pre-market: 11.70 -0.03 (-0.26%)
Futures at 7:42: Dow +0.13%. S&P +0.14%. Nasdaq +0.21%. Crude +0.58% to $95.37. Gold -0.49% to $1596.70.
Europe: London -0.12%. Paris +0.19%. Frankfurt -0.12%.
Asia: Japan -0.60% to 12471. Hong Kong +0.27% to 22311. China -1.25% to 2297. India +0.12% to 18704.