MORNING COFFEE

LinkedIn IPO to Be Priced. Social network company LinkedIn will set its IPO price after the market closes today.  Analysts believe the price will be at the $42.00 - $45.00 range. This would be a 30% increase over its initial price range of $32.00 - $35.00.

Upgrades

Dicks Sporting Goods (DKS): Susquehanna raised their rating from Neutral to Positive and raised their target price from $39.00 to $47.00.

Dicks Sporting Goods (DKS): Susquehanna raised their rating from Neutral to Buy and placed a target price of $47.00 on the company.

Research In Motion (RIMM): Bernstein raised their rating from Underperform to Market Perform and placed a target price of $40.00 on the company. Pre-market: 44.71 +0.93 (2.12%)

Downgrades

Hewlett-Packard (HPQ): JP Morgan lowered their rating from Overweight to Neutral and lowered their target price from $55.00 to $42.00. Pre-market: 36.80 -0.11 (-0.30%)

Hewlett-Packard (HPQ): Susquehanna lowered their rating from Positive to Neutral and lowered their target price from $52.00 to $39.00. Pre-market: 36.80 -0.11 (-0.30%)

Coverage Initiated

Allscripts-Misys Healthcare (MDRX): Robert W. Baird initiated coverage with an Outperform rating and target price of $27.00.

Coverage Reiterated/Price Target Changed

Hewlett-Packard (HPQ): RBC Capital Markets reiterated their Outperform rating and lowered their target price from $56.00 to $46.00. Pre-market: 36.80 -0.11 (-0.30%)

Dell (DELL): RBC Capital Markets reiterated their Sector Perform rating and raised their target price from $17.00 to $20.00. Pre-market: 16.77 +0.87 (5.47%)

Dell (DELL): Stifel Nicolaus reiterated their Buy rating and raised their target price from $18.00 to $20.00. Pre-market: 16.77 +0.87 (5.47%)

Dell (DELL): Brean Murray reiterated their Buy rating and raised their target price from $17.00 to $19.00. Pre-market: 16.77 +0.87 (5.47%)

Earning Reports

Analog Devices (ADI): Reported FQ2 EPS of $0.75 beating estimates by +$0.07 on revenue of $791 million, beating estimates by +$45 million. Pre-market: 42.36 +2.13 (5.29%)

Chico's FAS (CHS): Reported Q1 EPS of $0.26 beating estimates by +$0.01 on revenue of $537.2 million, missing estimates by -$7.2 million. Pre-market: 14.40 -0.81 (-5.33%)

Deere (DE): Reported FQ2 EPS of $2.12 beating estimates by +$0.06 on revenue of $8.33 billion, beating estimates by +$0.19 billion. Pre-market: 86.00 -0.96 (-1.10%)

Dell (DELL): Reported Q1 EPS of $0.55 beating estimates by +$0.11 on revenue of $15.01 billion, missing estimates by -$0.4 billion. Pre-market: 16.77 +0.87 (5.47%)

Staples (SPLS): Reported Q1 EPS of $0.28 missing estimates by -$0.04 on revenue of $6.17 billion, missing estimates by -$0.02 billion, The company also gave FY'11 EPS guidance of $1.35-1.45. Pre-market: 16.88 -2.77 (-14.10%)

·         Futures at 8:35: Dow +0.09%. S&P +0.08%. Nasdaq -0.04%. Crude +1.45% to $98.32. Gold +0.95% to $1494.00.

·         Europe: London +0.9%. Paris +0.6%. Frankfurt +0.8%.

·         Asia: Japan +1.0% to 9662. Hong Kong +0.5% to 23011. China +0.7% to 2873. India -0.3% to 18086.