Morning Coffee Pre-Market Wall Street News

China’s Trade Data Boost Stocks. China's exports beat economist estimates jumping 14.1% in December and improved by almost 3% over November’s numbers. Imports increased 6% as the trade surplus rose 61% to $31.6 billion.

Upgrades

Altria (MO): Stifel Nicolaus raised their rating from Hold to Buy and placed a target price of $36.00 on the company. Pre-market: 32.20 +0.30 (0.94%)

Wynn Resorts (WYNN): Lazard Capital raised their rating from Neutral to Buy and placed a target price of $145.00 on the company. Pre-market: 122.62 +1.10 (0.91%)

Downgrades

Coca-Cola (KO): Argus lowered their rating from Buy to Hold. Pre-market: 37.06 +0.03 (0.08%)

Alcoa (AA): Macquarie lowered their rating from Neutral to Underperform and lowered their target price from $9.00 to $6.00. Pre-market: 9.10 +0.02 (0.22%)

CSX (CSX): Raymond James lowered their rating from Outperform to Market Perform. Pre-market: 20.35 -0.19 (-0.93%)

CSX (CSX): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $23.00 on the company.

Norfolk Southern (NSC): Raymond James lowered their rating from Outperform to Market Perform.

Norfolk Southern (NSC): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $69.00 on the company.

MGM Resorts (MGM): Nomura lowered their rating from Buy to Neutral and placed a target price of $13.50 on the company. Pre-market: 12.89 0.00 (0.00%)

St Jude Medical (STJ): BMO Capital lowered their rating from Outperform to Market Perform and lowered their target price from $40.00 to $38.00.

Coverage Initiated

ADT (ADT): William Blair initiated coverage with an Outperform rating.

Tyco (TYC): William Blair initiated coverage with a Market Perform rating.

ENSCO (ESV): Societe Generale initiated coverage with a Buy rating.

Markets: 

Futures at 8:43: Dow +0.34%. S&P +0.53%. Nasdaq +0.66%. Crude +1.28% to $94.33. Gold +0.47% to $1663.40.

Asia: Japan +0.70% to 10653. Hong Kong +0.59% to 23354. China +0.37% to 2284. India -0.02% at 19664. 

Europe: London +0.25%. Paris +0.06%. Frankfurt +0.54%.