Morning Coffee Pre-Market Wall Street News

Facebook to be added to NASDAQ 100. The social media site Facebook (FB) will be added to the NASDAQ 100 index next Wednesday. The company will replace Infosys (INFY), which is moving to the NYSE. FB Pre-market: 27.88 +0.42 (1.53%) INFY Pre-market: 43.71 -0.32 (-0.73%)

Upgrades

Tupperware (TUP): Argus raised their rating from Hold to Buy and placed a target price of $72.00 on the company.

American International (AIG): Argus raised their rating from Hold to Buy and placed a target price of $40.00 on the company. Pre-market: 33.63 +0.31 (0.93%)

Bob Evens Farms (BOBE): KeyBanc raised their rating from Hold to Buy and placed a target price of $45.00 on the company.

Waste Management (WM): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $33.00 to $42.00. Pre-market: 33.23 +0.60 (1.84%)

PNC Financial (PNC): Compass Point raised their rating from Neutral to Buy. Pre-market: 55.40 +0.32 (0.58%)

Downgrades

NVIDIA (NVDA): Oppenheimer lowered their rating from Outperform to Perform. Pre-market: 11.90 -0.20 (-1.61%)

Liberty Media (LMCA): Wunderlich lowered their rating from Buy to Hold and lowered their target price from $117.00 to $110.00.

Intel (INTC): Raymond James lowered their rating from Market Perform to Underperform. Pre-market: 19.91 -0.06 (-0.30%)

Coverage Initiated

Honeywell (HON): Stifel Nicolaus initiated coverage with a Buy rating and target price of $72.00. Pre-market: 60.65 +0.13 (0.21%)

Cummins (CMI): Robert W. Baird initiated coverage with an Outperform rating and target price of $119.00. Pre-market: 98.73 +1.42 (1.46%)

United Technologies (UTX): Goldman Sachs initiated coverage with a Neutral rating and target price of $84.00.

Earning Reports

Pandora Media (P): Reported EPS of $0.05 beating estimates by +$0.04. Pre-market: 7.97 -1.48 (-15.66%)

Brown-Forman (BF.B): Reported EPS of $0.80 beating estimates by +$0.02.

Toro (TTC): Reported EPS of $0.00 beating estimates by +$0.01.

Markets: 
Futures at 7:45: Dow +0.43%. S&P +0.21%. Nasdaq +0.04%. Crude +0.11% to $88.60. Gold +0.37% to $1702.

Europe: London +0.18%. Paris +0.26%. Frankfurt +0.20%. 

Asia: Japan +0.39%. Hong Kong +2.16%. China +2.87%. India +0.23%.