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Reports say that AstraZeneca
(AZN) has met with Forest Labs (FRX) top executives concerning a
takeover bid for the company. Forest Labs has a market cap of $15.2B and on
Monday announced a restructuring on Monday.
Upgrades:
Electronic Arts (EA): Hilliard Lyons raised their rating
from Underperform to Neutral. Pre-market: 21.57 +0.03 (0.14%)
US Bancorp (USB): Goldman Sachs raised their rating from Neutral to Conviction Buy and raised their target
price from $40.00 to $44.00.
Downgrades:
AT&T (T): JPMorgan lowered their rating from
Overweight to Neutral and placed a target price of $38.00 on the
company.
Citigroup (C): Goldman Sachs lowered their rating from Conviction Buy to Neutral and raised their target price from $58.00
to $60.00.
eBay (EBAY): Evercore lowered their rating from
Overweight to Equal Weight and placed a target price of $58.00 on the
company.
Coverage Initiated:
Cablevision Systems (CVC):
Northland Securities initiated
coverage with a Market Perform rating and target price of $19.00.
Charter Communications
(CHTR): Northland
Securities initiated coverage with a Market Perform rating and target
price of $146.00.
Comcast (CMCSA): Northland Securities initiated
coverage with an Outperform rating and target price of $61.00.
Dish Network (DISH): Northland Securities initiated
coverage with a Market Perform rating and target price of $61.00.
DIRECTV (DTV): Northland Securities initiated
coverage with an Outperform rating and target price of $84.00.
McDonalds (MCD): Buckingham initiated coverage with
a Neutral rating and target price of $99.00.
Mosaic (MOS): RBC Capital initiated coverage
with an Outperform rating and target price of $57.00.
Time Warner Cable (TWC): Northland Securities initiated
coverage with an Outperform rating and target price of $165.00.
Whirlpool (WHR): MKM Partners initiated coverage
with a Buy rating and Target price of $183.00.
Earning Reports:
Bob Evans (BOBE):
Reported EPS of $0.35 missing estimates by -$0.20. Pre-market: 51.99 -3.11 (-5.64%)
Brown-Forman (BF.B): Reported EPS of $0.96 beating estimates by +$0.05.
Express (EXPR): Reported EPS of
$0.23 missing estimates by -$0.02. Pre-market: 20.06 -4.61 (-18.69%)
OmniVision (OVTI): Reported EPS of $0.60 beating estimates by +$0.17. Pre-market: 14.22 -1.77 (-11.07%)
Markets:
Futures at 8:47: Dow -0.17%. S&P -0.19%. Nasdaq -0.09%. Crude +1.04% to $97.03. Gold +0.20% to $1223.50. U.S. 10 Year -15/32 2.841%.
Futures at 8:47: Dow -0.17%. S&P -0.19%. Nasdaq -0.09%. Crude +1.04% to $97.03. Gold +0.20% to $1223.50. U.S. 10 Year -15/32 2.841%.
Europe: London -0.59%. Paris -0.99%.
Frankfurt -1.19%.
Asia: Japan -2.17% to
15408. Hong Kong -0.76% to 23729. China +1.31% to 2252. India -0.70% to
20709.
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