MORNING COFFEE

Obama To Make Announcement About Keystone Pipeline. Reports say that tomorrow President Obama will announce fast-track approval of the southern half of TransCanada's (TRP) Keystone XL pipeline.

Upgrades

News Corp (NWSA): Macquarie raised their rating from Underperform to Neutral.

Capital One Financial (COF): Guggenheim raised their rating from Neutral to Buy and raised their target price from $54.00 to $67.00.

LinkedIn (LNKD): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $80.00 to $135.00. Pre-market: 97.23 +5.39 (5.87%)

Silicon Labs (SLAB): UBS raised their rating from Neutral to Buy and raised their target price from $48.00 to $50.00.

Accenture (ACN): Societe Generale raised their rating from Sell to Hold. Pre-market: 63.12 +0.04 (0.06%)

Downgrades

BB&T Corp (BBT): Guggenheim lowered their rating from Buy to Neutral and placed a target price of $34.00 on the company. Pre-market: 31.26 -0.11 (-0.35%)

Allscripts Healthcare Services (MDRX): JP Morgan lowered their rating from Overweight to Neutral and lowered their target price from $25.00 to $22.00.

Cintas (CTAS): Robert W. Baird lowered their rating from Outperform to Neutral. Pre-market: 40.85 +0.38 (0.94%)

Coverage Initiated

Micron Tech (MU): RBC Capital initiated coverage with an Outperform rating and target price of $11.00. Pre-market: 8.66 +0.09 (1.05%)

Earning Reports

Cintas (CTAS): Reported EPS of $0.58 beating estimates by +$0.06. Pre-market: 40.85 +0.38 (0.94%)

Jabil Circuit (JBL): Reported EPS of $0.58 beating estimates by +$0.01. Pre-market: 25.93 -0.56 (-2.11%)

Oracle (ORCL): Reported EPS of $0.62 beating estimates by +$0.06. Pre-market: 30.72 +0.62 (2.06%)  

General Mills (GIS): Reported EPS of $0.55 in-line with estimates. Pre-market: 38.50 -0.26 (-0.67%)

Markets: 
Futures at 8:26: Dow +0.09%. S&P 0.0%. Nasdaq -0.08%. Crude +0.43% to $106.53. Gold +0.12% to $1649.00. 

Europe: London -0.08%. Paris -0.13%. Frankfurt -0.19%. 

Asia: Japan -0.55% to 10086. Hong Kong -0.15% to 20857. China +0.06% to 2378. India +1.65% to 17602.