Morning Coffee Pre-Market Wall Street News

Final Employment Report Before The Election Released Today. The final employment report before the election will be released this morning. Economists are estimating that nonfarm payrolls increased by 125,000 in October which is a very anemic rating at best. The number should also not bring down the unemployment rate which is expected to rise to 7.9%.

Upgrades

Watson Pharmaceuticals (WPI): Piper Jaffray raised their rating from Neutral to Overweight and raised their target price from $77.00 to $103.00. After Hours: 87.98 +0.27 (0.31%)

Big 5 Sports (BGFV): Needham raised their rating from Buy to Strong Buy and raised their target price from $13.00 to $15.00. After Hours: 9.93 +1.01 (11.32%)

Downgrades

Las Vegas Sands (LVS): Cantor Fitzgerald lowered their rating from Buy to Hold and lowered their target price from $50.00 to $46.00. Pre-market: 46.22 -0.24 (-0.52%)   

 

First Solar (FSLR): Cantor Fitzgerald lowered their rating from Buy to Hold and placed a target price of $23.00 on the company. Pre-market: 22.78 -1.97 (-7.96%)

Flour (FLR): Robert W. Baird lowered their rating from Outperform to Neutral and lowered their target price from $12.00 to $11.00. Pre-market: 54.65 -3.01 (-5.22%)

Boston Beer Co (SAM): CLSA lowered their rating from Outperform to Buy and lowered their target price from $130.00 to $120.00. After Hours: 108.10 +0.10 (0.09%)

Kaman (KAMN): Stephens lowered their rating from Overweight to Equal Weight and lowered their target price from $40.00 to $37.00.

Guess? (GES): Jefferies lowered their rating from Buy to Hold and lowered their target price from $45.00 to $25.00. Pre-market: 23.55 -2.34 (-9.04%)

Coverage Initiated

Deckers Outdoor (DECK): Jefferies initiated coverage with a Buy rating and target price of $50.00. Pre-market: 30.48 +0.74 (2.49%)

Delphi Automotive (DLPH): Deutsche Bank initiated coverage with a Buy rating and target price of $41.00.

Earning Reports

Hess (HES): Reported EPS of $1.64 beating estimates by +$0.45.

Markets: 
Futures at 6:38: Dow -0.05%. S&P +0.02%. Nasdaq +0.01%. Crude -0.82% to $86.38. Gold -0.43% to $1708.20.

Europe: London -0.08%. Paris -0.18%. Frankfurt -0.03%. 

Asia: Japan +1.17% to 9051. Hong Kong +1.33% to 22111. China +0.60% to 2117. India +1.04% to 18755.