MORNING COFFEE

Eurozone To Speed Up Bank Aid To Spain. Yesterday Eurozone finance ministers announced they will speed up the €100B ($123B) in aid to Spain's banks, beginning with €30B to be lent by the end of July. Ministers also agreed to give Spain an additional year to put its budget deficit back in line. The aid to Spain’s banks will recapitalize them without adding to the Spanish governments’ debt.

Upgrades

TD Ameritrade Holdings (AMTD): BGB Securities raised their rating from Sell to Hold and maintained their target price of $15.50.

Downgrades

Limited (LTD): Argus lowered their rating from Buy to Hold.

Molex (MOLX): Topeka lowered their rating from Hold to Sell and placed a target price of $18.00 on the company.

Tyco Intl (TYC): Atlantic Equities lowered their rating from Overweight to Neutral and lowered their target price from $64.00 to $60.00.

Coverage Initiated

Las Vegas Sands (LVS): Cantor Fitzgerald initiated coverage with a Buy rating and target price of $57.00.

MGM Resorts (MGM): Cantor Fitzgerald initiated coverage with a Buy rating and target price of $14.00.

Wynn Resorts (WYNN): Cantor Fitzgerald initiated coverage with a Buy rating and target price of $134.00.

Synaptics (SYNA): Pacific Crest initiated coverage with an Outperform rating and target price of $40.00.

Markets: 

Futures at 7:00: Dow +0.35%. S&P +0.29%. Nasdaq +0.35%. Crude -0.70% to $85.35. Gold +0.54% to $1597.70.

Europe: London +1.00%. Paris +1.32%. Frankfurt +1.44%. 

Asia: Japan -0.44%. Hong Kong -0.16%. China -0.29%. India +1.30%.