MORNING COFFEE

Berkshire Unit Buy Solar Co. Warren Buffets Berkshire Hathaway (BRK.A/BRK.B) unit MidAmerican Energy Holdings, has agreed to buy First Solar's (FSLR) 550-megawatt Topaz Solar Farm in California. BRK.B Pre-market: 78.00 -0.15 (-0.19%)

Upgrades

Blackstone (BX): Argus raised their rating from Hold to Buy and placed a target price of $20.00 on the company. Pre-market: 15.00 +0.18 (1.21%)

Marvell Technology (MRVL): Craig-Hallum raised their rating from Hold to Buy and raised their target price from $15.00 to $22.00. Pre-market: 14.40 +0.30 (2.13%)

Dollar General (DG): Deutsche Bank raised their rating from Hold to Buy and raised their target price from $38.00 to $48.00. Pre-market: 38.94 -0.69 (-1.74%)

Downgrades

Fastenal (FAST): UBS lowered their rating from Buy to Neutral and lowered their target price from $43.00 to $40.00. Pre-market: 42.05 -0.48 (-1.13%)

Darden Restaurants (DRI): Argus lowered their rating from Buy to Hold. Pre-market: 41.60 -0.22 (-0.53%)

Coverage Initiated

Comerica (CMA): Wunderlich initiated coverage with a Buy rating and target price of $34.00.

Quest Diagnostics (DGX): Auriga initiated coverage with a Hold rating and target price of $51.00.

Earning Reports

Men’s Warehouse (MW): Reported EPS of $0.79 beating estimates by +$0.14. Pre-market: 29.30 +2.11 (7.76%)

Vail Reports (MTN): Reported EPS of -$1.54 in line with estimates.

Markets: 
Futures at 8:15: Dow +0.14%. S&P -0.29%. Nasdaq -0.02%. Crude -0.28% at $101.02. Gold -0.33% to $1725.90. 

Europe: London -0.50%. Paris -0.45%. Frankfurt -1.14%.

Asia: Japan +1.71% to 8722. Hong Kong +1.58% to 19241. China +0.29% to 2333. India +0.43% to 16877.