MORNING COFFEE

Obama Wants To Raise Debt Limit Again. President Obama will ask Congress to raise the nation's debt limit by another $1.2 trillion this week. The government is projected to approach within $100B of the current debt limit by Friday.

Upgrades

Starbucks (SBUX): DA Davidson raised their rating from Neutral to Buy and placed a target price of $55.00 on the company.

Dunkin’ Brands (DNKN): DA Davidson raised their rating from Underperform to Neutral and placed a target price of $26.00 on the company.

Coverage Initiated

Forest Oil (FST): Capital One initiated coverage with an Add rating and target price of $17.00.

Markets: 
Futures at 7:00: Dow +0.2%. S&P +0.3%. Nasdaq +0.25%. Crude -0.4% to $100.94. Gold -0.4% to $1589.50. 

Europe: London +0.6%. Paris +0.6%. Frankfurt +0.1%. 

Asia: Japan -0.2% to 8424. Hong Kong -0.6% to 18519. China +0.2% to 2170. India -0.9% to 15728.