MORNING COFFEE

The stock Market will be closed in observation of President’s Day.

Upgrades

Suncor Energy (SU): Stifel Nicolaus raised their rating from Hold to Buy and placed a target price of $29.00 on the company.

Chesapeake Energy (CHK): Stifel Nicolaus raised their rating from Hold to Buy and placed a target price of $29.00 on the company.

Downgrades

Aeropostale (ARO): Standpoint Research lowered their rating from Buy to Hold.

Crocs (CROX): Standpoint Research lowered their rating from Buy to Hold.

Dell (DELL): Robert W. Baird lowered their rating from Outperform to Neutral.

Coverage Initiated

Foot Locker (FL): Deutsche Bank initiated coverage with a Hold rating and target price of $30.00.

Coverage Reiterated/Price Target Changed

Advance Auto (AAP): UBS reiterated their Buy rating and raised their target price from $90.00 to $96.00.

Applied Materials (AMAT): Needham reiterated their Buy rating and raised their target price from $14.00 to $16.00.

Applied Materials (AMAT): Barclays Capital reiterated their Equal Weight rating and raised their target price from $12.00 to $14.00.

Applied Materials (AMAT): Stifel Nicolaus reiterated their Buy rating and raised their target price from $14.00 to $16.00.

Apple (APPL): Oppenheimer reiterated their Outperform rating and raised their target price from $510.00 to $570.00.