Morning Coffee Pre-Market Wall Street NewsPop1325 views 2013-04-03 07:40 Tags: set background closed record white
Markets Set Record High. Yesterday both the Dow Jones and S&P 500 closed at record highs. The highs have been set despite the drum beats of war coming out of North Korea and the eurozone mess. Some traders are saying that the market has gotten way ahead of itself and is due for a pullback. Others are also saying that our market rally is a direct result of the eurozone mess as investor look for a safe place to put their money. Today the ADP employment report for March is due to be release, with economists expecting that private payrolls rose by 215,000 vs 198,000 in February.
Chipotle Mexican Grill (CMG): Raymond James raised their rating from Underperform to Market Perform. Pre-market: 326.22 +3.13 (0.97%)
Buffalo Wild Wings (BWLD): Raymond James raised their rating from Market Perform to Strong Buy and placed a target price of $100.00 on the company. Pre-market: 88.14 +1.65 (1.91%)
Brinker International (EAT): Raymond James raised their rating from Market Perform to Outperform and placed a target price of $42.00 on the company. Pre-market: 37.83 +0.37 (0.99%)
Dollar Tree (DLTR): Morgan Stanley raised their rating from Equal Weight to Overweight and placed a target price of $57.00 on the company.
Panera Bread (PNRA): Raymond James raised their rating from Underperform to Market Perform. Pre-market: 170.00 +4.67 (2.82%)
Tidewater (TDW): Tudor Pickering raised their rating from Hold to Accumulate.
Bank of the Ozarks (OZRK): Wunderlich lowered their rating from Buy to Hold and placed a target price of $43.00 on the company.
Boston Scientific (BSX): Credit Suisse lowered their rating from Outperform to Neutral and placed a target price of $8.50 on the company. Pre-market: 7.77 -0.12 (-1.52%)
Caterpillar (CAT): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $116.00 to $101.00. Pre-market: 83.98 -0.90 (-1.06%)
Cigna (CI): Citigroup lowered their rating from Buy to Neutral and lowered their target price from $65.00 to $62.00. Pre-market: 64.11 -0.64 (-0.99%)
Tiffany & Co. (TIF): Atlantic Equities lowered their rating from Overweight to Neutral.
Qualcomm (QCOM): Northland Capital initiated coverage with an Outperform rating and target price of $80.00. Pre-market: 66.50 +0.25 (0.37%)
Coverage Reiterated/Price Target Changed
Nike (NKE): HSBC Securities reiterated their Overweight rating and raised their target price from $56.00 to $67.00.
Tesla Motors (TSLA): Northland Capital reiterated their Outperform rating and raised their target price from $42.00 to $50.00. Pre-market: 43.20 -1.14 (-2.57%)
ConAgra (CAG): Reported EPS of $0.55 missing estimates by -$0.01. Pre-market: 34.60 -0.94 (-2.64%)
Jos. A. Bank (JOSB): Reported EPS of $1.01 beating estimates by +$0.03. Pre-market: 38.99 -0.19 (-0.48%)
Monsanto (MON): Reported EPS of $2.73 beating estimates by +$0.17. Pre-market: 104.45 +0.45 (0.43%)
Futures at 8:16: Dow -0.03. S&P . Nasdaq . Crude to $1574.40.
Europe: London . Paris . Frankfurt .
Asia: Japan to 12362.2. Hong Kong to 22337. China to
2225. India to