MORNING COFFEE

PC Makers Looking at Windows 8. A report from Digitimes says that PC makers are looking at Microsoft Windows 8 (MSFT) to help boost sales of high-end tablets after receiving lukewarm sales results using the Android operating system. The repot says Dell (DELL), H-P (HPQ) and Acer are focusing their R&D resources on Windows 8 products.

Upgrades

US Cellular (USM): National Securities raised their rating from Sell to Neutral.

Coach (COH): Lazard Capital raised their rating from Neutral to Buy. Pre-market: 75.99 +0.89 (1.19%)

Salesforce.com (CRM):  Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $145.00 to $185.00. Pre-market: 160.85 +1.91 (1.20%)

Downgrades

JDS Uniphase (JDSU): Raymond James lowered their rating from Strong Buy to Outperform and placed a target price of $15.00 on the company. Pre-market: 11.55 -0.49 (-4.07%)

Green Mountain Coffee Rosters (GMCR): Sun Trust lowered their rating from Buy to Neutral.

Coverage Initiated

Cisco Systems (CSCO): Caris initiated coverage with a Buy rating and target price of $24.00. Pre-market: 19.88 +0.04 (0.20%)

Kroger  Co (KR): Scotia Capital initiated coverage with an Outperform rating and target price of $28.00.

Charles Schwab (SCHW): BGB Securities initiated coverage with a Sell rating and target price of $11.00.

E*Trade (ETFC): BGB Securities initiated coverage with a Sell rating and target price of $8.50.

TD Ameritrade (AMTD): BGB Securities initiated coverage with a Sell rating and target price of $15.50.

Coverage Reiterated/Price Target Changed

CVS Caremark (CVS): Mizuho reiterated their Buy rating and raised their target price from $48.00 to $50.00.

Earning Reports

Allstate (ALL): Reported EPS of $1.53 beating estimates by +$0.43.

Covance (CVD): Reported EPS of $0.68 beating estimates by +$0.08.

Expeditors International (EXPD): Reported EPS of $0.36 missing estimates by -$0.02.

JDS Uniphase (JDSU): Reported EPS $0.11 in-line with estimates. Pre-market: 11.55 -0.49 (-4.07%)

Murphy Oil (MUR): Reported EPS of $1.49 beating estimates by +0.03.

Transocean (RIG): Reported EPS of $0.12 missing estimates by -$0.22.

Triumph Group (TGI): Reported EPS of $1.57 beating estimates by +0.26.

Visa (V): Reported EPS of $1.60 beating estimates by +0.10.

Airgas (ARG): Reported EPS of $1.11 beating estimates by +0.05.

Cablevision (CVC): Reported EPS of $0.21 beating estimates by +0.01.

Cardinal Health (CAH): Reported EPS of $0.94 beating estimates by +0.06.

General Motors (GM): Reported EPS of $0.93 beating estimates by +0.08.

MGM Resorts (MGM): Reported EPS of -$0.44 missing estimates by -$0.29.

Orbitz (OWW): Reported EPS of -$0.06 beating estimates by +0.01.

Sara Lee (SLE): Reported EPS of $0.20 missing estimates by -$0.05.

Sealed Air (SEE): Reported EPS of $0.18 missing estimates by -$0.04.

Viacom (VIAB): Reported EPS of $0.98 beating estimates by +$0.08.

Xylem (XYL): Reported EPS of $0.18 missing estimates by -$0.04.

Markets: 
Futures at 9:06: Dow +0.10%. S&P +0.11%. Nasdaq +0.20%. Crude -0.79% to $104.38. Gold -0.84% to $1640.00. 

Europe: London +0.41%. Paris +0.44%. Frankfurt +0.28%. 

Asia: Japan +0.31%. Hong Kong -0.28% . China +0.07%. India -0.87%.