Morning Coffee Pre-Market Wall Street News

Apple Expected to Unveil iPad Mini. Apple (AAPL) is expected to unveil the iPad Mini today.  The iPad Mini could help the company with their push into education. The company has dedicated education sales teams, conducts meetings with school officials, provides financing for volume orders, and has a digital textbook initiative. Reports say the new iPad Mini will start at $329.00.  The pricing could become an issue, since Google’s similarly sized Nexus 7 is priced at only $199.00 and has received many industry accolades.

Upgrades

Public Storage (PSA): Cantor Fitzgerald raised their rating from Sell to Hold and placed a target price of $143.50 on the company.

Yahoo! (YHOO): Susquehanna raised their rating from Neutral to Positive and raised their target price from $17.00 to $20.00.

Checkpoint Software (CHKP): JPMorgan raised their rating from Neutral to Overweight and placed a target price of $50.00 on the company.

Downgrades

NetApp (NTAP): Robert W. Baird lowered their rating from Outperform to Neutral and lowered their target price from $40.0 to $30.00. Pre-market: 29.22 -0.68 (-2.27%)

Texas Instruments (TXN): Gabelli lowered their rating from Buy to Hold.

Western Digital (WDC): CLSA lowered their rating from Outperform to Underperform and placed a target price of $34.00 on the company.

Monster Beverage (MNST): Goldman Sachs lowered their rating from Conviction Buy to Buy and placed a target price of $62.00 on the company.

Coverage Initiated

Dunkin Brands (DNKN): Miller Tabak initiated coverage with a Hold rating and target price of $34.00.

Earning Reports

3M (MMM): Reported EPS of $1.65 in-line with estimates. Pre-market: 90.30 -2.23 (-2.41%)

Airgas (ARG): Reported EPS of $1.05 missing estimates by -$0.01.

Autoliv (ALV): Reported EPS of $1.23 missing estimates by -$0.22. Pre-market: 58.84 -4.78 (-7.51%)

CIT Group (CIT): Reported EPS of -$1.52 missing estimates by -$0.28.

Coach (COH): Reported EPS of $0.77 beating estimates by +$0.01. Pre-market: 57.90 +3.73 (6.89%)

DuPont (DD): Reported EPS of $0.44 missing estimates by -$0.05. Pre-market: 46.25 -3.51 (-7.05%)

Harley-Davidson (HOG): Reported EPS of $0.59 beating estimates by +$0.01. Pre-market: 43.30 -0.23 (-0.53%)

RadioShack (RSH): Reported EPS of -$0.33 missing estimates by -$0.16.

Ryder Systems (R): Reported EPS of $1.28 beating estimates by +$0.10.

UPS (UPS): Reported EPS of $1.06 in-line with estimates.

Markets: 
Futures at 8:23: Dow -1.07%. S&P -1.20%. Nasdaq -1.08%. Crude -1.90% to $86.98. Gold -0.90% to $1710.80.

Europe: London -1.25%. Paris -1.87%. Frankfurt -1.74%. 

Asia: Japan +0.04% at 9014. Hong Kong closed. China -0.86% to 2114. India -0.44% to 18710.