Morning Coffee Pre-Market Wall Street News

Nvidia Unveils Game Console. Graphic chip and circuit board manufacturer Nvidia (NVDA) will be unveiling a new game console at this year’s Consumer Electronics Show. The console called Project Shield will compete against the Xbox, Wii and PS3 gaming systems. Reports say the console will run on Google’s Android operating system and have the ability to stream PC games.  Project Shield will also use a new version of Nvidia's Tegra processor. Pre-market: 13.31 +0.16 (1.22%)

Upgrades

Northrop Grumman (NOC): RBC Capital raised their rating from Underperform to Sector Perform and raised their target price from $68.00 to $72.00.

Sempra Energy (SRE): ISI Group raised their rating from Hold to Buy.

Dick's Sporting Goods (DKS): Janney raised their rating from Hold to Buy. Pre-market: 48.27 +0.30 (0.63%)

Intel (INTC): Lazard Capital raised their rating from Neutral to Buy and placed a target price of $26.00 on the company. Pre-market: 21.23 +0.07 (0.33%)

Downgrades

Finish Line (FINL): Janney lowered their rating from Buy to Neutral. Pre-market: 17.30 -0.16 (-0.92%)

Lowe’s (LOW): Canaccord Genuity lowered their rating from Hold to Sell. Pre-market: 35.19 -0.39 (-1.10%)

Electronic Arts (EA): Sterne Agee lowered their rating from Buy to Neutral. Pre-market: 14.60 -0.28 (-1.88%)

Yahoo! (YHOO): Bernstein lowered their rating from Outperform to Market Perform and placed a target price of $23.00 on the company. Pre-market: 19.63 -0.23 (-1.16%)

Dominion Resources (D): ISI Group lowered their rating from Buy to Neutral. Pre-market: 53.15 -0.39 (-0.73%)

Applied Materials (AMAT): JPMorgan lowered their rating from Neutral to Underweight and placed a target price of $10.00 on the company. Pre-market: 11.50 -0.31 (-2.62%)

Markets: 
Futures at 7:11: Dow -0.10%. S&P -0.08%. Nasdaq +0.05%. Crude -0.44% to $92.6. Gold +0.55% to $1658.10.

Europe: London -0.40%. Paris -0.61%. Frankfurt -0.48%. 

Asia: Japan -0.83% to 10599. Hong Kong -0.01% at 23330. China +0.37% to 2285. India -0.47% to 19691.