MORNING COFFEE

Coca-Cola Looks To Double Revenue. At a sugar conference in Dubai Coca-Cola (KO) said that it aims to double net revenues to over $200B by 2020 from $100B in 2010. Coke sited the company’s long-term economic outlook, population growth will contribute to sales. The company said, it expects major contributions from the BRIC countries. Pre-market: 68.45 +0.42 (0.62%)

Upgrades

Advance Micro Devices (AMD): Longbow raised their rating from Neutral to Buy and placed a target price of $10.00 on the company. Pre-market: 6.97 +0.05 (0.72%)

Charles Schwab (SCHW): ISI Group raised their rating from Hold to Buy. Pre-market: 12.49 -0.21 (-1.65%)

Downgrades

Fossil (FOSL): Brean Murray lowered their rating from Buy to Hold. Pre-market: 98.30 -2.19 (-2.18%)

Urban Outfitters (URBN): Brean Murray lowered their rating from Hold to Sell and placed a target price of $23.00. Pre-market: 26.95 -0.53 (-1.93%)

Porsche (POAHY): HSBC Securities lowered their rating from Overweight to Neutral.

Walgreen (WAG): Citigroup lowered their rating from Neutral to Sell and lowered their target price from $35.00 to $28.00. Pre-market: 33.49 -0.79 (-2.30%)

Coverage Reiterated/Price Target Changed

Walt Disney (DIS): Wunderlich reiterated their Hold rating and raised their target price from $39.00 to $43.00. Pre-market: 40.79 +0.33 (0.82%)

Coinstar (CSTR): The Benchmark Company reiterated their Buy rating and raised their target price from $70.00 to $75.00. Pre-market: 60.33 +9.77 (19.32%)

Earning Reports

Coinstar (CSTR): Reported EPS of $1.00 beating estimates by +$0.36. Pre-market: 60.33 +9.77 (19.32%)

BP (BP): Reported EPS of $2.41 beating estimates by +$2.15. Pre-market: 46.23 -0.64 (-1.37%)

Church Dwight (CHD): Reported EPS of $0.53 beating estimates by +$0.02. Pre-market: 46.00 +0.76 (1.68%)

Coca-Cola (KO): Reported EPS of $0.79 beating estimates by +$0.01. Pre-market: 68.45 +0.42 (0.62%)

Emerson (EMR): Reported EPS of $0.50 missing estimates by -$0.01. Pre-market: 52.10 -1.27 (-2.38%)

GlaxoSmithKline (GSK): Reported EPS of $0.28 missing estimates by -$0.02. Pre-market: 44.25 -0.84 (-1.86%)

Toyota Motor (TM): Reported EPS of $25.81 beating estimates by +$10.16. Pre-market: 79.68 +1.97 (2.54%)

Markets: 
Futures at 9:04: Dow -0.06%. S&P -0.19%. Nasdaq -0.18%. Crude -0.75% to $96.18. Gold -0.4% to $1717.60. 

Europe: London -0.44%. Paris -0.26%. Frankfurt -0.74%. 

Asia: Japan -0.13% to 8918. Hong Kong -0.05% to 20699. China -1.68% to 2292. India -0.48% to 17622.