Morning Coffee Pre-Market Wall Street News174 views 2013-05-15 07:50 Tags: into background struggles during
France Joins EU Recession. As a majority of the EU struggles with recession France joined the group. The French economy slipped into recession during Q1 as the French economy contracted -0.2% Q/Q after contracting the same amount in Q4. Economists are projecting the French economy will contract -0.2% for the full year. Germany once again avoided recession as their economy grew by +0.1% during Q1. Economists had expected the German economy to grow by +0.3%. The statistics office also revised down its GDP data for Q4, to -0.7% during the period, more than the -0.6% previously reported. Additionally, both JPMorgan and BofA Merrill Lynch cut their growth forecast in China.
Gap (GSP): Citigroup raised their rating from Neutral to Buy and raised their target price from $40.00 to $48.00.
Noble Energy (NBL): Stifel raised their rating from Hold to Buy and placed a target price of $140.00 on the company.
Clorox (CLX): Credit Suisse lowered their rating from Outperform to Neutral and maintained a target price of $87.00. Pre-market: 88.11 0.00 (0.00%)
Domino's Pizza (DPZ): Miller Tabak lowered their rating from Buy to Hold.
ITT Educational (ESI): First Analysis Sec lowered their rating from Overweight to Equal Weight. Pre-market: 24.50 -0.61 (-2.43%)
Research In Motion (BBRY): Bernstein lowered their rating from Outperform to Market Perform and lowered their target price from $22.00 to $15.00. Pre-market: 14.86 -0.39 (-2.56%)
AbbVie (ABBV): Cowen initiated coverage with an Outperform rating.
LinkedIn (LNKD): Robert W. Baird initiated coverage with a Neutral rating and target price of $190.00. Pre-market: 184.50 +0.10 (0.05%)
Safeway (SWY): Goldman Sachs initiated coverage with a Sell rating and target price of $21.00. Pre-market: 25.25 -0.20 (-0.79%)
Agilent (A): Reported EPS of $0.77 beating estimates by +$0.10. Pre-market: 44.60 +0.63 (1.43%)
Arctic Cat (ACAT): Reported EPS of -$0.38 beating estimates by +$0.02.
Deere & Co (DE): Reported EPS of $2.76 beating estimates by +$0.03. Pre-market: 90.20 -3.57 (-3.81%)
Macy’s (M): Reported EPS of $0.55 beating estimates by +$0.02. Pre-market: 48.30 +0.91 (1.92%)
Pinnacle Foods (PF): Reported EPS of $0.34 beating estimates by +$0.07. Pre-market: 24.60 +0.56 (2.33%)
Futures at 8:21: Dow -. S&P . Nasdaq: -0.03%. Crude
Europe: London . Paris -0.10. Frankfurt .
Asia: Japan to
15096. Hong Kong to
23044. China to 2224. India to 20212.