MORNING COFFEE

U.S. Futures down on EU data.  U.S. stock futures on lower on poor EU economic data.  Eurozone inflation came in unchanged at 3% in October, while economist were looking for inflation to fall to just below 2%.  The unemployment rate rose to 10.2% missing estimates of a drop to 10% from the prior 10.1%. Additionally, Spain's economy recorded zero growth in Q3 2011 as the EU austerity programs slow domestic demand.  Also the OECD has cut its 2012 growth forecast for the EU to 0.3% from a prior 2%.

Upgrades

Marsh & McLennan (MMC):  Deutsche Bank raised their rating from Hold to Buy and placed a target price of $34.00 on the company.

Weyerhaeuser (WY): Deutsche Bank raised their rating from Sell to Hold and placed a target price of $19.00 on the company.

Downgrades

JB Hunt (JBHT): Stifel Nicolaus lowered their rating from Buy to Hold.

SanDisk (SNDK): Sterne Agee lowered their rating from Buy to Neutral and placed a target price of $58.00 on the company. Pre-market: 52.05 -1.33 (-2.49%)

Fossil (FOSL): Brean Murray lowered their rating from Buy to Hold. Pre-market: 106.45 -3.54 (-3.22%)

Standard Pacific (SPF): Raymond James lowered their rating from Market Perform to Underperform.

Canadian National Railroad (CNI): Stifel Nicolaus lowered their rating from Buy to Hold.

Coverage Initiated

Kroger (KR): JP Morgan initiated coverage with a Neutral rating and target price of $25.00.

Earning Reports

Humana (HUM): Reported EPS of $2.54 beating estimates by +$0.51. Pre-market: 81.64 +1.29 (1.61%)

Shaw Group (SHAW): Reported EPS of -$0.44 missing estimates by -$0.98. Pre-market: 21.65 -0.53 (-2.39%)

TASER (TASR): Reported EPS of $0.02 beating estimates by +$0.01. Pre-market: 5.01 +0.17 (3.51%)

Markets: 
Futures at 8:25: Dow 0.0%. S&P -1.18%. Nasdaq -0.88%. Crude -1.35% to $92.69. Gold -0.55% to $1738.10. 

Europe: London -1.23%. Paris -1.79%. Frankfurt -1.85%. 

Asia: Japan -0.69% to 8988. Hong Kong -0.77% to 19865. China -0.21% to 2468. India -0.56% to 17705.