Morning Coffee Pre-Market Wall Street News66 views 2013-09-12 07:29
Tablets outpace PC’s. The research firm IDC announced that their research shows that shipments of tablet computers will outstrip those of PCs for the first time ever in Q4. The firm estimates that deliveries of tablets will reach 84.1M units and PC’s shipments will total only 83.1M. Companies that are expected to benefit from this trend include Apple (AAPL), Google (GOOG), and Samsung (SSNLF), while companies that will be hurt from this trend include Dell (DELL), H-P (HPQ), and Microsoft (MSFT). IDC also estimates that the total market for Internet-connected devices of desktops, laptops, smartphones and tablets is projected to grow 28% to $622.4B in 2013 and then grow to $735.1B in 2015.
Allstate (ALL): Wells Fargo raised their rating from Market Perform to Outperform and raised their target range from $48.00-$52.00 to $58.00-$62.00.
SunTrust Bank (STI): Compass Point raised their rating from Neutral to Buy. Pre-market: 33.41 +0.15 (0.45%)
Wendy’s (WEN): Argus raised their rating from Hold to Buy and placed a target price of $10.00 on the company. Pre-market: 8.48 +0.23 (2.79%)
Zynga (ZNGA): Evercore raised their rating from Underweight to Equal Weight. Pre-market: 3.06 +0.06 (2.00%)
AB InBev (BUD): Normura lowered their rating from Neutral to Reduce. Pre-market: 96.33 -1.32 (-1.35%)
Apple (AAPL): Credit Suisse lowered their rating from Outperform to Neutral. Pre-market: 471.00 +3.29 (0.70%)
Ericsson (ERIC): Goldman Sachs lowered their rating from Conviction Buy to Buy.
Halliburton (HAL): Macquarie lowered their rating from Outperform to Neutral and lowered their target price from $54.00 to $51.00. Pre-market: 49.76 -0.43 (-0.86%)
SABMiller PLC (SBMRY): Normura lowered their rating from Neutral to Reduce.
Symantec (SYMC): Morgan Stanley lowered their rating from Overweight to Equal Weight. Pre-market: 24.71 -0.55 (-2.18%)
Travelers Cos. (TRV): Wells Fargo lowered their rating from Outperform to Market Perform and lowered their target range from $94.00-$98.00 to $92.00-$89.00. Pre-market: 83.20 -0.53 (-0.63%)
Aqua America (WTR): Ladenburg Thalmann initiated coverage with a Buy rating and target price of $28.00.
American Water Works (AWK): Ladenburg Thalmann initiated coverage with a Buy rating and target price of $50.00.
Expedia (EXPE): Janney Capital initiated coverage with a Neutral rating and target price of $53.00.
Priceline.com (PLCN): Janney Capital initiated coverage with a Neutral rating and target price of $925.00. Pre-market: 983.00 +1.44 (0.15%)
Futures at 7:59: Dow +0.04. S&P . Nasdaq +. Crude to $1340.00. U.S. 10 Year +4/32 2.898%.
Europe: London +0.12%. Paris . Frankfurt +0.09.
Asia: Japan to
14387. Hong Kong to 22954. China to 2256. India to