Morning Coffee Pre-Market Wall Street News194 views 2013-04-04 06:43 Tags: phone run background Android Facebook
Facebook to Announce New Cell Phone. Reports say that online social network Facebook (FB) is scheduled to announce a new Facebook phone today. The phone will be manufactured by HTC and run on Google’s Android operating system. The phone is said to incorporate full Facebook functionality by having the social network and all of the company’s’ apps on the home screen. My question is who cares, since their apps are already available on Android phones? This is the company’s strategy to make more money from mobile. Pre-market: 26.55 +0.30 (1.14%)
Alcatel-Lucent (ALU): Deutsche Bank raised their rating from Hold to Buy. Pre-market: 1.43 +0.15 (11.72%)
Brinker International (EAT): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $37.00 to $44.00. Pre-market: 38.43 +0.73 (1.94%)
Brown & Brown (BRO): Goldman Sachs raised their rating from Sell to Neutral and raised their target price from $27.00 to $33.00. Pre-market: 31.21 +0.37 (1.20%)
ING Group (ING): BNP Paribas raised their rating from Neutral to Outperform. Pre-market: 7.49 +0.35 (4.90%)
Panera Bread (PNRA): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $186.00 to $215.00. Pre-market: 174.49 +4.99 (2.94%)
Domino’s Pizza (DPZ): Goldman Sachs lowered their rating from Conviction Buy to Buy and raised their target price from $55.00 to $60.00.
Duke Energy (DUK): Argus lowered their rating from Buy to Hold. Pre-market: 71.59 -0.12 (-0.17%)
Lululemon (LULU): RBC Capital lowered their rating from Outperform to Sector Perform and lowered their target price from $80.00 to $70.00. Pre-market: 63.55 -0.69 (-1.07%)
Microsoft (MSFT): BofA Merrill Lynch lowered their rating from Buy to and lowered their target price to $33.00. Pre-market: 28.35 -0.21 (-0.74%)
PepsiCo (PEP): CLSA lowered their rating from Buy to Outperform and maintained a target price of $85.00. Pre-market: 78.75 -0.21 (-0.27%)
Thermo Fisher (TMO): WallachBeth lowered their rating from Buy to Hold. Pre-market: 77.73 -0.37 (-0.47%)
Apple (AAPL): Lazard Capital initiated coverage with a Buy rating and target price of $540.00. Pre-market: 433.81 +1.82 (0.42%)
International Speedway (ISCA): Reported EPS of $0.33 missing estimates by -$0.03.
Futures at 7:48: Dow . S&P . Nasdaq . Crude -0.07% at $94.39. Gold to $1545.50.
Europe: London -0.29%. Paris . Frankfurt .
Asia: Japan to 12635. Hong Kong closed, China closed,