Twitter Share Lock-Up Expiring

Twitter Share Lock-Up Expiring. The first lock-up period after Twitter's (TWTR) successful IPO is due to expire tomorrow. This will allow non-executive employees, which hold 9.87M shares to sell their stock. The expiration of the lock-up period will increase the number of outstanding tradable shares by 12% to 90M. A second lock-up period will expire in May allowing another 474.7M shares to be eligible for sale. Pre-market: 57.03 +0.56 (0.99%)

Upgrades:

Exxon Mobil (XOM): ISI Group raised their rating from Neutral to Buy. Pre-market: 92.00 +0.57 (0.62%)

Starwood Hotels & Resorts (HOT): UBS raised their rating from Neutral to Buy and raised their target price from $75.00 to $85.00.

TreeHouse Foods (THS): Credit Suisse raised their rating from Underperform to Neutral and raised their target price from $67.00 to $70.00.

Downgrades:

Foster Wheeler (FWLT): Macquarie lowered their rating from Outperform to Neutral.

Foster Wheeler (FWLT): BB&T lowered their rating from Buy to Hold.

Mattel (MAT): Argus lowered their rating from Buy to Hold.

Snap-On Inc. (SNA): S&P lowered their rating from 4 Stars to 3 Stars.

Coverage Initiated:

Allscripts Healthcare (MDRX): RBC Capital initiated coverage with an Outperform rating and target price of $20.00.

WebMD Health (WBMD): RBC Capital initiated coverage with a Top Pick rating and target price of $70.00.

Earning Reports:

Campbell Soup (CPB): Reported EPS of $0.76 beating estimates by +$0.05. Pre-market: 42.50 +1.53 (3.73%)

DTE Energy (DTE): Reported EPS of $0.70 missing estimates by -$0.15.

Equifax (EFX): Reported EPS of $0.91 in-line with estimates.

Hyatt Hotels (H): Reported EPS of $0.32 beating estimates by +$0.12.

J.M. Smucker (SJM): Reported EPS of $1.66 missing estimates by -$0.02. Pre-market: 90.75 -4.39 (-4.61%)

Kraft Foods (KRFT): Reported EPS of $1.54 beating estimates by +$0.92. Pre-market: 54.00 +0.40 (0.74%)

TWR Automotive (TRW): Reported EPS of $1.84 beating estimates by +$0.18.

V.F. Corp (VFC): Reported EPS of $0.82 missing estimates by -$0.02. Pre-market: 55.70 -4.19 (-7.00%)

Markets: 
Futures at 8:09: Dow +0.03%. S&P 0.00%. Nasdaq +0.10%. Crude -0.24% to $100.11. Gold +1.28% to $1316.90. U.S. 10 Year 0/32 to 2.736%.

Europe: London +0.11%. Paris +0.46%. Frankfurt +0.58%. 

Asia: Japan -1.53% to 14313. Hong Kong +0.60% to 22298. China +0.83% to 2116. India +0.86% to 20367. 

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