MORNING COFFEE

Iran Cut Off From SWIFT. The international community has cut of Iranian banks including Iran’s Central Bank from using SWIFT. The Society of Worldwide Interbank Financial Telecommunications is the world largest servicer of international money transfers.  By eliminating Iran’s access to SWIFT Iran will not be able to receive payments for their oil and other goods.

Upgrades

Transocean (RIG): Global Hunter Securities raised their rating from Neutral to Buy and raised their target price from $53.00 to $70.00.

Oceaneering International (OII): Tudor Pickering raised their rating from Hold to Accumulate.

Microsoft (MSFT): Argus raised their rating from Hold to Buy and placed a target price of $39.00 on the company.

Downgrades

Estee Lauder (EL): Caris & Company lowered their rating from Buy to Above Average.

Check Point Software (CHKP): Cowen lowered their rating from Outperform to Neutral.

BlackRock (BLK): Deutsche Bank lowered their rating from Buy to Hold and maintained their target price of $210.00.

Morgan Stanley (MS): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $28.00 to $22.00.

TD Ameritrade Holding Co (AMTD): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $20.00 to $18.00.

Coverage Initiated

Coach (COH): Argus initiated coverage with a Buy rating and target price of $90.00.

Coverage Reiterated/Price Target Changed

Apple (AAPL): Oppenheimer reiterated their Outperform rating and raised their target price from $560.00 to $700.00.

Apple (AAPL): ISI Group reiterated their Buy rating and raised their target price from $525.00 to $650.00.

Earning Reports

Dole Foods (DOLE): reported EPS of -$0.02 beating estimates by +$0.08.

Markets: 
Futures at 8:42: Dow +0.27%. S&P +0.23%. Nasdaq +0.29%. Crude +0.38% to $105.51. Gold -0.84% to $1645.70. 

Europe: London +0.46%. Paris +0.40%. Frankfurt +0.53%. 

Asia: Japan +0.06% to 10130. Hong Kong -0.17% to 21318. China +1.30% to 2405. India -1.19% at 17466.