Morning Coffee Pre-Market Wall Street News

World Regulators Ground Deamliners. The FAA along with regulators from Europe, India, and Japan ordered Boeing (BA) 787 Deamliners grounded until the company can correct problems with the planes lithium-ion batteries. The batteries have caused several emergencies and one fire.  The plan has also suffered from oil and fuel leaks. Pre-market: 73.15 -1.19 (-1.60%)

Upgrades

CBS (CBS): Wedbush raised their rating from Neutral to Outperform and raised their target price from $36.00 to $50.00. Pre-market: 41.55 +3.61 (9.52%)

Downgrades

Boeing (BA): BB&T Capital Markets lowered their rating from Hold to Underperform. Pre-market: 73.15 -1.19 (-1.60%)

Goldman Sachs (GS): Sandler O’Neaill lowered their rating from Buy to Hold and placed a target price of $147.00 on the company. Pre-market: 140.38 -0.71 (-0.50%)

AFLAC (AFL): Raymond James lowered their rating from Outperform to Market Perform. Pre-market: 51.29 -0.32 (-0.62%)

Yum! Brands (YUM): Argus lowered their rating from Buy to Hold. Pre-market: 65.26 -0.69 (-1.05%)

Cisco Systems (CSCO): JPMorgan lowered their rating from Neutral to Underweight and lowered their target price from $20.00 to $18.00. Pre-market: 20.74 -0.29 (-1.38%)

Coverage Initiated

Monsanto (MON): Credit Suisse initiated coverage with an Outperform rating. Pre-market: 102.00 +0.10 (0.10%)

Potash (POT): Credit Suisse initiated coverage with an Outperform rating and target price of $50.00. After Hours: 41.75 -0.06 (-0.14%)

Mosaic (MOS): Credit Suisse initiated coverage with a Neutral rating and target price of $68.00.

Earning Reports

BlackRock (BLK): Reported EPS of $3.96 beating estimates by +$0.26. Pre-market: 230.25 +8.01 (3.60%)

eBay (EBAY): Reported EPS of $0.70 beating estimates by +$0.01. Pre-market: 54.60 +1.70 (3.21%)

Kinder Morgan Partners (KMP): Reported EPS of $0.61 missing estimates by -$0.06.

Sallie Mae (SLM): Reported EPS of $0.55 beating estimates by +$0.01.

Bank of America (BAC): Reported EPS of $0.03 beating estimates by +$0.01. Pre-market: 11.61 -0.17 (-1.44%)

BB&T (BBT): Reported EPS of $0.71 in-line with estimates. Pre-market: 30.66 +0.35 (1.15%)

Fastenal (FAST): Reported EPS of $0.33 in-line with estimates. Pre-market: 47.94 +0.94 (2.00%)

Fifth Third (FITB): Reported EPS of $0.43 beating estimates by +$0.01. After Hours: 15.59 +0.04 (0.26%)

Huntington Banc (HBAN): Reported EPS of $0.19 beating estimates by +$0.02. Pre-market: 6.82 +0.10 (1.49%)

PNC (PNC): Reported EPS of $1.24 missing estimates by -$0.06. Pre-market: 60.75 +0.97 (1.62%)

Taiwan Semi (TSM): Reported EPS of $1.61 in-line with estimates. Pre-market: 17.85 +0.05 (0.28%)

UnitedHealth (UNH): Reported EPS of $1.20 beating estimates by +$0.01. Pre-market: 53.00 -0.66 (-1.23%)

Markets: 
Futures at 7:00: Dow +0.06%. S&P +0.18%. Nasdaq +0.21%. Crude +0.60% to $94.81. Gold -0.08% to $1681.80.

Europe: London +0.12%. Paris +0.93%. Frankfurt -0.04%. 

Asia: Japan +0.09% to 10610. Hong Kong -0.07% to 23340. China -1.06% to 2285. India +0.74% to 19964.