Gold Prices Fall.

Gold Prices Fall. Gold has dropped to $1200 an ounce for the first time since June after the Fed's decided to taper its QE program by $10B a month. , Gold prices have fallen over -28% this year and is currently trading at $1.201.50 down -2.74%. Silver was -3.7% at $19.32.

Upgrades:

Sirius XM (SIRI): Wunderlich raised their rating from Hold to Buy and raised their target price from $4.20 to $4.50.

Downgrades:

Ford Motor Co. (F): Craig-Hullum lowered their rating from Buy to Hold and lowered their target price from $21.00 to $16.00.

Comerica (CMA): Macquarie lowered their rating from Neutral to Underperform and placed a target price of $41.00 on the company.

JPMorgan Chase (JPM): SunTrust lowered their rating from Buy to Neutral and lowered their target price from $62.00 to $59.00.

Coverage Initiated:

Edison International (EIX): Tudor Pickering initiated coverage with an Accumulate rating.

Ralph Lauren (RL): Stephens initiated coverage with an Equal Weight rating and target price of $184.00.

Southwest Airlines (LUV): UBS initiated coverage with a Buy rating and target price of $25.00.

Standard Pacific (SPF): Sterne Agee initiated coverage with a Neutral rating and target price of $8.00.

Tiffany & Co (TIF): Stephens initiated coverage with an Equal Weight rating and target price of $95.00.

Xylem (XYL): Sterne Agee initiated coverage with a Neutral rating and target price of $32.00.

Earning Reports:

Accenture (ACN): Reported EPS of $1.15 beating estimates by +$0.05. Pre-market: 78.08 +2.46 (3.25%)

ConAgra (CAG): Reported EPS of $0.62 beating estimates by +$0.06. Pre-market: 33.09 +1.30 (4.09%)

KB Home (KBH): Reported EPS of $0.31 missing estimates by -$0.16. Pre-market: 16.95 -0.60 (-3.42%)

Oracle (ORCL): Reported EPS of $0.69 beating estimates by +$0.02. Pre-market: 35.34 +0.74 (2.14%)

Paychex (PAYX): Reported EPS of $0.43 beating estimates by +$0.01. Pre-market: 44.00 +0.68 (1.57%)

Rite Aid (RAD): Reported EPS of $0.04 in-line with estimates. Pre-market: 5.42 -0.34 (-5.90%)

Winnebago Inds (WGO): Reported EPS of $0.40 beating estimates by +$0.02. Pre-market: 31.65 +0.01 (0.03%)

Markets: 
Futures at 8:59: Dow -0.42%. S&P -0.51%. Nasdaq -0.53%. Crude -0.09% to $97.71. Gold -2.74% to $1201.50. U.S. 10 Year -13/32 to 2.944%.

Europe: London +0.87%. Paris +0.93%. Frankfurt +0.94%. 

Asia: Japan +1.74% to 15859. Hong Kong -1.10% to 22889. China -0.95% to 2128. India -0.73% to 20709. 

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Morning Coffee Pre-Market Wall Street News

BlackBerry Could Go Private. The once dominate cell phone maker BlackBerry (BBRY) which is struggling to stay alive could be taken private. It’s been reported that a senior executive at a Canadian pension fund believes they and other funds in Canada would consider a deal to take BlackBerry private. Last Friday, the Canada Pension Plan Investment Board said it would be open participating in a BlackBerry buyout. (BBRY) After Hours: 10.44 -0.21 (-1.97%)

Upgrades:

Cemex S.A.B. de C.V. (CX): Citigroup raised their rating from Neutral to Buy and placed a target price of $14.50 on the company.

LinkedIn (LNKD): Needham raised their rating from Hold to Buy and placed a target price of $280.00 on the company. Pre-market: 235.80 +2.99 (1.28%)

Lowe’s (LOW): Canaccord raised their rating from Sell to Hold and raised their target price from $28.00 to $48.00.

Downgrades:

Broadcom (BRCM): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $36.00 to $30.00. Pre-market: 25.84 -0.22 (-0.84%)

Juniper Networks (JNPR): RBC Capital lowered their rating from Outperform to Sector Perform.

Tesla Motors (TSLA): Lazard Capital lowered their rating from Buy to Neutral. Pre-market: 148.50 -4.50 (-2.94%)

Coverage Initiated:

AbbVie (ABBV): Argus initiated coverage with a Buy rating and target price of $52.00.

Cemex S.A.B. de C.V. (CX): Exane BNP Paribas initiated coverage with an Outperform rating and target price of $14.00.

Ralph Lauren (RL): Goldman Sachs initiated coverage with a Neutral rating and target price of $205.00.

Tiffany & Co. (TIF): Goldman Sachs initiated coverage with a Neutral rating and target price of $84.00.

Earning Reports:

Sysco (SYY): Reported EPS of $0.50 missing estimates by -0.05. Pre-market: 34.15 -0.86 (-2.46%)

Markets: 
Futures at 7:18: Dow -0.36%. S&P -0.47%. Nasdaq -0.31%. Crude -0.53% to $105.40. Gold +1.12% to $1326.70. U.S 10 Year +3/32 2.570%.

Europe: London -0.31%. Paris -0.28%. Frankfurt -0.37%. 

Asia: Japan -0.70% to 13519. Hong Kong +2.13% to 22271. China +2.39% to 2101. India +0.84% to 18947.