MORNING COFFEE

Goldman Invest In Facebook. It has been reported that Goldman Sachs (GS) and Russia's Digital Sky Technologies have invested $500 million in Facebook.  Goldman invested $450 million and Digital Sky, which has already invested around $500 million in Facebook, invested another $50 million. Analysts now value the social networking site at $50 billion.

Upgrades

Ruby Tuesday (RT): Morgan Keegan raised their rating from Market Perform to Outperform and raised their target price from $13.00 to $15.00.

Downgrades

Raytheon (RTN): Morgan Keegan lowered their rating from to Outperform to Market Perform and lowered their target price from $55.00 to $51.00.

L-3 Comms (LLL): Morgan Keegan lowered their rating from to Outperform to Market Perform and lowered their target price from $89.00 to $81.00.

General Dynamics (GD): Morgan Keegan lowered their rating from to Outperform to Market Perform and lowered their target price from $76.00 to $75.00.

Coverage Reiterated/Price Target Changed

Lockheed Martin (LMT): Morgan Keegan reiterated their Market Perform rating and lowered their target price from $77.00 to $73.00.

Morgan Stanley (MS): Ticonderoga reiterated their Buy rating and raised their target price from $29.00 to $31.00.

Boston Scientific (BSX): Collins Stewart reiterated their Buy rating and raised their target price from $7.50 to $8.50.

Apple (AAPL): ISI Group reiterated their Buy rating and raised their target price from $370.00 to $400.00.

·         Futures at 7:00: Dow +0.6%. S&P +0.6%. Nasdaq +0.8%. Crude +0.8% to $92.13. Gold -0.1% to $1420.20.

·         Europe: London closed. Paris +1.7%. Frankfurt +1.5%.

·         Asia, Japan closed. Hong Kong +1.7% to 23436. China closed. India +0.3% to 20561.