MORNING COFFEE

Yahoo Steals Google Exec. For CEO. In a surprise move Google executive Marissa Mayer has been pulled away from Google (GOOG) to fill the position as CEO at Yahoo (YHOO). Prior to joining Yahoo, Mayer was in charge of Google Earth, Maps and Places. Additionally, Yahoo is also due to release Q2 results today.  Analysts are expecting the company to report EPS of $0.20 versus year ago results of $0.18. YHOO Pre-market: 15.93 +0.28 (1.82%), GOOG Pre-market: 574.50 -0.42 (-0.07%)

Upgrades

Limited (LTD): Robert W. Baird raised their rating from Neutral to Outperform and raised their target price from $50.00 to $54.00.

Downgrades

Deere & Co. (DE): JPMorgan Chase lowered their rating from Overweight to Underweight and lowered their target price from $98.00 to $78.00. After Hours: 76.68 -0.10 (-0.13%)

Lowe’s Cos. (LOW): Janney Capital lowered their rating from Buy to Neutral and lowered their target price from $28.00 to $26.00. After Hours: 25.80 0.00 (0.00%)

Home Depot (HD): Janney Capital lowered their rating from Buy to Neutral and lowered their target price from $53.00 to $51.00.

Target Corp (TGT): Citigroup lowered their rating from Buy to Neutral and lowered their target price from $69.00 to $68.00. After Hours: 61.62 +0.12 (0.20%)

Coverage Initiated

CVS Caremark (CVS): JMP Securities initiated coverage with an Outperform rating and target price of $55.00.

Amazon.com (AMZN): Lazard Capital Securities initiated coverage with a Buy rating and target price of $240.00. After Hours: 216.09 +0.08 (0.04%)

eBay (EBAY): Lazard Capital Securities initiated coverage with a Buy rating and target price of $47.00. After Hours: 38.65 +0.05 (0.13%)

Earning Reports

Comerica (CMA): Reported EPS of $0.73 beating estimates by +0.11.

Mattel (MAT): Reported EPS of $0.28 beating estimates by +$0.07.

Mosaic (MOS): Reported EPS of $1.28 beating estimates by +$0.09. Pre-market: 56.79 +1.42 (2.56%)

Johnson & Johnson (JNJ): Reported EPS of $1.30 beating estimates by +$0.01. After Hours: 68.35 -0.10 (-0.15%)

Coca-Cola (KO): Reported EPS of $1.22 beating estimates by +$0.03. After Hours: 76.60 +0.12 (0.16%)

Goldman Sachs (GS): Reported EPS of $1.78 beating estimates by +$0.60. Pre-market: 98.20 +0.52 (0.53%)

TD Ameritrade (AMTD): Reported EPS of $0.28 beating estimates by +$0.01.

Markets: 
Futures at 7:00: Dow +0.35%. S&P +0.36%. Nasdaq +0.38%. Crude +0.15% to $88.56. Gold +0.13% to $1593.60.

Europe: London -0.43%. Paris +0.35%. Frankfurt +0.27%. 

Asia: Japan +0.35%. Hong Kong +1.75%. China +0.62%. India +0.01%.