MORNING COFFEE

Ford To Invest $1billion into Lincoln.  News reports say that Ford (F) will spend $1 billion on Lincoln and have seven all-new or significantly upgraded Lincolns that they will release over the next four years.  At one time Lincoln was the top selling luxury car sold in the U.S, but has fallen well behind other luxury brands.  Ford hopes to almost double Lincoln sales to 162,000 by 2015. Pre-market: 12.67 -0.10 (-0.78%)

Upgrades

Caterpillar (CAT): Raymond James raised their rating from Outperform to Strong Buy. Pre-market: 96.13 +0.18 (0.19%)

Coverage Initiated

Mosaic (MOS): UBS initiated coverage with a Buy rating and target price of $75.00. Pre-market: 60.50 +1.18 (1.99%)

Downgrades

Oshkosh Truck (OSK): The Benchmark Company lowered their rating from Hold to Sell and lowered their target price from $45.00 to $20.00. Pre-market: 25.65 -0.70 (-2.66%)

Almost Family (AFAM): Robert W. Baird lowered their rating from Neutral to Underperform and lowered their target price from $32.00 to $21.00. Pre-market: 26.36 -1.41 (-5.08%)

PF Chang’s (PFCB): Morgan Stanley lowered their rating from Overweight to Equal Weight.

Research In Motion (RIMM): Bernstein lowered their rating from Market Perform to Underperform and lowered their target price from $40.00 to $20.00. Pre-market: 27.25 -0.50 (-1.80%)

Dominion Resources (D): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $48.50 to $46.50. Pre-market: 47.10 -0.56 (-1.17%)

·         Futures at 8:34: Dow -0.49%. S&P -0.45%. Nasdaq -0.48%. Crude -1.3% to $91.30. Gold -0.22 to $1535.80.

·         Europe: London -0.75%. Paris -1.26%. Frankfurt -1.10%.

·         Asia: Japan +0.03% to 9354. Hong Kong -0.44% to 21600. China -0.82% to 2623. India -2.04% to 17507.