MORNING COFFEE

Greek Bailout Delayed. Greece's bailout partners announce they will delay their decision on paying out a batch of bailout loans until October.  The bailout loans are needed to keep the country from defaulting on their loans. The installment loan of $11 billion was scheduled to be paid at the end of September and according to the Greek government, without the new loan the country will run out of money next month.  U.S. Treasury Secretary Timothy Geithner attending the meeting in Poland as the U.S. becomes more concerned about the global impact of the Eurozone debt crisis.

Upgrades

eBay (EBAY): Wedbush raised their rating from Neutral to Outperform and raised their target price from $35.00 to $48.00.

TD Ameritrade Holdings (AMTD): Citigroup raised their rating from Hold to Buy and maintained a target price of $18.50 on the company.

Downgrades

MasterCard (MA): RW Baird lowered their rating from Outperform to Neutral and placed a target price of $385.00 on the company.

Coverage Initiated

Stanley Black & Decker (SWK): JP Morgan initiated coverage with a Neutral rating and target price of $73.00.

Citigroup (C): Wells Fargo initiated coverage with a Market Perform rating and placed a target range of $30.00-$32.00 on the company.

Coverage Reiterated/Price Target Changed

Netflix (NFLX): Oppenheimer reiterated their Outperform rating and lowered their target price from $310.00 to $270.00.

Adobe Systems (ADBE): Macquarie reiterated their Neutral rating and lowered their target price from $27.00 to $25.00.

ConocoPhillips (COP): The Benchmark Company reiterated their Sell rating and lowered their target price from $62.00 to $53.00.

Research In Motion (RIMM): ISI Group reiterated their Hold rating and lowered their target price from $40.00 to $30.00.

Charles Schwab (SCHW): FBR Capital reiterated their Market Perform rating and lowered their target price from $17.00 to $14.00.

Markets:
Futures at 9:10: Dow -0.04%. S&P +0.03%. Nasdaq -0.03%. Crude -0.50% to $88.95. Gold

+0.39% to $1788.30.

Europe: London +1.08%. Paris +0.85%. Frankfurt +2.14%.

Asia: Japan +2.25%. Hong Kong +1.43%. China +0.13%. India +0.34%.