Morning Coffee Pre-Market Wall Street News40 views 2013-09-23 07:35
Eurozone PMI Continues to Rise. The Eurozone continues to recover as the composite PMI increased to a 27-month high of 52.1 from 51.5. Economists had been looking for a reading of only 51.9. Services exceeded expectations, but manufacturing unexpectedly fell. Economists say that the current reading is consistent with GDP growth of 0.2%.
Copart (CPRT): RW Baird raised their rating from Neutral to Outperform and raised their target price from $38.00 to $42.00. Pre-market: 34.50 +0.75 (2.22%)
Darden Restaurants (DRI): Buckingham raised their rating from Underperform to Neutral and placed a target price of $44.00 on the company.
Maxim Integrated Products (MXIM): Goldman Sachs raised their rating from Neutral to Conviction Buy and raised their target price from $30.00 to $34.00. Pre-market: 30.48 +0.80 (2.70%)
Nokia (NOK): HSBC raised their rating from Underweight to Neutral. Pre-market: 6.56 -0.02 (-0.30%)
Walgreen (WAG): Morgan Stanley raised their rating from Equal Weight to Overweight and placed a target price of $70.00 on the company. Pre-market: 56.00 +0.48 (0.86%)
Zimmer Holdings (ZMH): RBC Capital raised their rating from Sector Perform to Outperform.
BlackBerry (BBRY): RBC Capital lowered their rating from Sector Perform to Underperform. Pre-market: 8.43 -0.30 (-3.38%)
BlackBerry (BBRY): RW Baird lowered their rating from Neutral to Underperform and lowered their target price from $9.00 to $8.00. Pre-market: 8.43 -0.30 (-3.38%)
Darden Restaurants (DRI): Stephens lowered their rating from Overweight to Equal Weight and lowered their target price from $55.00 to $52.00.
DreamWorks Animation (DWA): B. Riley lowered their rating from Buy to Neutral.
FedEx (FDX): Stifel lowered their rating from Buy to Hold. Pre-market: 115.50 -1.33 (-1.14%)
ING Groep (ING): BNP Paribas lowered their rating from Outperform to Neutral. Pre-market: 11.40 -0.14 (-1.21%)
Oceaneering Intl (OII): Global Hunter lowered their rating from Buy to Neutral and lowered their target price from $92.00 to $81.00.
Nokia (NOK): Deutsche Bank initiated coverage with a Buy rating. Pre-market: 6.56 -0.02 (-0.30%)
Futures at 6:20: Dow . S&P . Nasdaq . Crude to $1322. U.S. 10 Year 0/32 2.736%
Europe: London . Paris . Frankfurt 0.0%.
closed. Hong Kong to 23372. China to
2221. India to 19901.