MORNING COFFEE

China Says Yes to Google/Motorola. China has given the go-ahead to Google's (GOOG) $12 billion acquisition of Motorola Mobility (MMI).  The deal should close this week and includes an agreement to make its Android OS available at no charge to all partners for five years. GOOG Pre-market: 604.04 +3.64 (0.61%), MMI Pre-market: 39.96 +0.76 (1.94%)

Barclays to Sell BlackRock Holding. Barclays (BCS) announced its plans to sell its $6.1 billion stake in BlackRock (BLK). BCS Pre-market: 11.31 +0.15 (1.34%), BLK Pre-market: 167.49 -4.42 (-2.57%)

Upgrades

Waters (WAT): Mizuho raised their rating from neutral to Buy and raised their target price from $84.00 to $92.00.

Boeing (BA): Argus raised their rating from Hold to Buy and placed a target price of $85.00 on the company. Pre-market: 69.70 +0.55 (0.80%)

Group 1 Automotive (GPI): Sterne Agree raised their rating from Neutral to Buy and placed a target price of $65.00 on the company.

American Eagle Outfitters (AEO): Brean Murray raised their rating from Hold to Buy and placed a target price of $23.00 on the company.

Downgrades

Bank of America (BAC): JMP Securities lowered their rating from Market Perform to Underperform. Pre-market: 7.09 +0.07 (1.00%)

Citigroup (C): JMP Securities lowered their rating from Market Perform to Underperform. Pre-market: 26.30 +0.29 (1.11%)

JPMorgan Chase (JPM): JMP Securities lowered their rating from Market Perform to Underperform. Pre-market: 33.70 +0.21 (0.63%)

Morgan Stanley (MS): JMP Securities lowered their rating from Market Perform to Underperform and lowered their target price from $26.00 to $11.00. Pre-market: 33.70 +0.21 (0.63%)

Goldman Sachs (GS): JMP Securities lowered their rating from Market Perform to Underperform and lowered their target price from $169.00 to $77.00. Pre-market: 96.05 +0.56 (0.59%)  

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TJX Cos. (TJX): Canaccord Genuity lowered their rating from Buy to Hold and placed a target price of $45.00 on the company.

Avon Products (AVP): UBS lowered their rating from Neutral to Sell and lowered their target price from $23.00 to $13.00. Pre-market: 16.08 -0.87 (-5.13%)

Best Buy (BBY): BB&T lowered their rating from Buy to Hold.

Earning Reports

Campbell Soup (CPB): Reported EPS of $0.56 beating estimates by +$0.04. Pre-market: 32.80 -0.60 (-1.80%)

Krispy Kreme (KKD): Reported EPS of $0.14 beating estimates by +$0.05.

Lowe’s (LOW): Reported EPS of $0.44 beating estimates by $0.03. Pre-market: 27.35 -1.13 (-3.97%)

Markets: 
Futures at 6:49: Dow +0.69%. S&P +0.66%. Nasdaq +0.71%. Crude +0.46% to $91.90. Gold +0.08% at $1593.20. 

Europe: London +0.66%. Paris +0.63%. Frankfurt +0.89%. 

Asia: Japan +0.26%. Hong Kong -0.16%. China +0.16%. India +0.19%.