MORNING COFFEE

3M To Buy Attenti. 3M announced that they are purchasing Attenti Holdings SA for $230 million in cash.  The company makes technology used to remotely monitor criminals and elder care patients.

India’s Economy On A Roll. India's economy expanded +8.8% in Q2 which was the fastest pace in over two years. The growth may cause the government to raise interest rates to keep inflation in check.

Upgrades

Comerica (CMA): Robert W. Baird raised their rating from Neutral to Outperform and placed a target price of $42.00 on the company.

Bristol-Myers (BMY): Jefferies raised their rating from Neutral to Buy and raised their target price from $28.80  to $30.00.

Earning Reports

Dollar General (DG): reported quarterly earnings of $0.42 beating estimates by +$0.04.

·         Futures: Dow -0.2%. S&P -0.3%. Nasdaq -0.3%. Crude -1.2% to $73.83. Gold -0.3% to $1235.70.

·         Asia: Japan -3.5% to 8824. Hong Kong -1.0% to 20536. China -0.5% to 2639. India -0.3% to 17971.

·         Europe: London -0.9%. Paris -1.1%. Frankfurt -0.7%.