MORNING COFFEE

Clorox Rejects Offer. After investor Carl Icahn revised his offer to purchase Clorox (CLX) at $80.00 it was rejected.  His latest offer was called "inadequate and unlikely to be completed." Also that it "lacks detail and contains significant conditionality." Pre-market: 73.30 0.00 (0.00%)

Dunkin Goes Public. Dunkin' Brands (DNKN) is scheduled to begin trading today after raising $422.75 million from its IPO.  The company sold 22.25 million shares at $19.00 per share. This was above the previously target range of $16-$18.00.

Upgrades

Electronic Arts (ERTS): Brean Murray raised their rating from Hold to Buy and placed a target price of $29.00 on the company. Pre-market: 24.05 +0.24 (1.01%)

Stryker (SYK): Wunderlich raised their rating from Hold to Buy and placed a target price of $66.00 on the company. Pre-market: 55.74 +0.62 (1.12%)

Buffalo Wild Wings (BWLD): Raymond James raised their rating from Market Perform to Outperform and placed a target price of $72.00 on the company. Pre-market: 64.25 -1.00 (-1.53%)

Downgrades

Charles Schwab (SCHW): Ticonderoga lowered their rating from Buy to Neutral.

Coverage Reiterated/Price Target Changed

Amazon.com (AMZN): Oppenheimer reiterated their Outperform rating and raised their target price from $220.00 to $250.00. Pre-market: 225.34 +11.16 (5.21%)

Amazon.com (AMZN): The Benchmark Company reiterated their Buy rating and raised their target price from $246.00 to $256.00. Pre-market: 225.34 +11.16 (5.21%)

Under Armour (UA): FBR Capital reiterated their Market Perform rating and raised their target price from $75.00 to $80.00.

Earning Reports

AutoNation (AN): Reported EPS of $0.49 beating estimates by +$0.03. Pre-market: 39.85 -0.12 (-0.30%)

Boeing (BA): Reported EPS of $1.25 beating estimates by +$0.27. Pre-market: 72.20 +2.04 (2.91%)

Corning (GLW): Reported EPS of $0.48 beating estimates by +$0.01. Pre-market: 16.55 -0.74 (-4.28%)

Dow Chemical (DOW): Reported EPS of $0.85 beating estimates by +$0.06. Pre-market: 36.60 +0.75 (2.09%)

General Dynamics (GD): Reported EPS of $1.79 beating estimates by +$0.07. Pre-market: 71.42 +1.10 (1.56%)

Teva Pharmacuticals (TEVA): Reported EPS of $1.10 beating estimates by +$0.02. Pre-market: 47.27 +0.48 (1.03%)

WellPoint (WLP): Reported EPS of $1.83 beating estimates by +$0.03. Pre-market: 71.00 -2.56 (-3.48%)

Futures at 8:47: Dow -0.18%. S&P -0.41%. Nasdaq -0.27%. Crude -1.07% to $98.52. Gold +0.46% to $1624.50.

Europe: London -0.51%. Paris -1.18%. Frankfurt -0.85%. 

Asia: Japan -0.50% to 10047. Hong Kong -0.13% to 22542. China +0.76% to 2723. India -0.46% to 18432. .00.