MORNING COFFEE

Nike Post Better Than Expected EPS. Nike (NKE) posted better than expected earnings of $1.20, beating street estimates of $1.17. EPS at the company rose 11% and revenues climbed 15% to $5.8 billion. Futures orders for delivery between March and July also increased 15%. Nike also gave a positive outlook for the coming months due to the Olympics and soccer's European Championships.

Upgrades

Mosaic (MOS): JP Morgan raised their rating from Neutral to Overweight and raised their target price from $57.00 to $68.00.

Dollar General (DG): MKM Partners raised their rating from Neutral to Buy.

Dollar General (DG): Nomura raised their rating from Neutral to Buy and placed a target price of $54.00 on the company.

Goldman Sachs (GS): RBC Capital raised their rating from Underperform to Sector Perform and raised their target price from $102.00 to $130.00.

Morgan Stanley (MS): RBC Capital raised their rating from Underperform to Sector Perform and raised their target price from $17.00 to $21.00.

Downgrades

Bank of America (BAC): Evercore lowered their rating from Overweight to Equal Weight.

Xlinix (XLNX): Auriga lowered their rating from Buy to Hold and placed a target price of $39.00 on the company.

Accenture (ACN): BB&T lowered their rating from Buy to Hold.

Coverage Initiated

Cree (CREE): B. Riley initiated coverage with a Buy rating and target price of $39.00.

Coverage Reiterated/Price Target Changed

Halliburton (HAL): FBR Capital reiterated their Outperform rating and lowered their target price from $60.00 to $55.00.

Earning Reports

Nike (NKE): Reported EPS of $1.20 beating estimates by +$0.03.

Accenture (ACN): Reported EPS of $0.97 beating estimates by +$0.09.

Micron (MU): Reported EPS of -$0.23 missing estimates by -$0.03.

Darden Restaurants (DRI): Reported EPS of $1.25 beating estimates by +$0.02.

KN Homes (KBH): Reported EPS of -$0.59 missing estimates by -$0.36.

Markets: 
Futures at 8:53: Dow -0.12%. S&P -0.06%. Nasdaq 0.00%. Crude +0.42% to $105.79. Gold +0.87% to $1657.00

Europe: London -0.43%. Paris -0.82%. Frankfurt -0.55%. 

Asia: Japan -1.14% to 10011. Hong Kong -1.11% to 20669. China -1.10% to 2350. India +0.96% to 17362.