Morning Coffee Pre-Market Wall Street News100 views 2013-07-03 07:29 Tags: background higher white style
World Market Fall. U.S. stock futures along with Asian and European markets are all lower after a landslide of bad news. Wall Street traders are watching closely as Egypt falls into chaos, sending oil prices higher. China reported a tepid services PMI and both Greece and Portugal are back in the spotlight again bring back worries of the EU debt crisis.
AutoNation (AN): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $50.00 to $53.00.
Chipotle Mexican Grill (CMG): Argus raised their rating from Hold to Buy and placed a target price of $430.00 on the company. Pre-market: 375.60 +4.07 (1.10%)
Copart (CPRT): Barrington raised their rating from Market Perform to Outperform and raised their target price from $36.00 to $40.00.
Daimler AG (DDAIF): JPMorgan raised their rating from Neutral to Overweight.
Leap Wireless (LEAP): Macquarie raised their rating from Underperform to Neutral. Pre-market: 6.77 +0.08 (1.20%)
Adidas (ADDYY): Deutsche Bank lowered their rating from Buy to Hold.
Alcoa (AA): JPMorgan lowered their rating from Overweight to Neutral and placed a target price of $9.00 on the company. Pre-market: 7.64 -0.16 (-2.05%)
Overstock.com (OSTK): BofA Merrill Lynch lowered their rating from Buy to Underperform and lowered their target price from $23.00 to $20.00. Pre-market: 28.60 -1.25 (-4.19%)
Best Buy (BBY): Goldman Sachs initiated coverage with a Buy rating and target price of $34.00. Pre-market: 28.76 +0.07 (0.24%)
Cintas (CTAS): RBC Capital initiated coverage with an Outperform rating and target price of $52.00.
Ecolab (ECL): RBC Capital initiated coverage with an Outperform rating and target price of $97.00.
Intl Speedway (ISCA): Reported EPS of $0.51 beating estimates by +$0.01. Pre-market: 32.66 +0.15 (0.46%)
Futures at 7:35: Dow . S&P . Nasdaq . Crude to $1247.70. U.S. 10 Year +3/32 2.467%
Europe: London . Paris . Frankfurt .
Asia, Japan to
14056. Hong Kong to 20147. China to 19195.