Morning Coffee Pre-Market Wall Street News

U.S. GDP Report to Be Released. The U.S. Bureau of Economic Analysis (BEA) is scheduled to release Q1 GDP data this morning. Economists expect that the U.S. expanded by a 3%, after a very disappointing Q4 report that showed the economy grew only 0.4%.  

Upgrades

AFLC (AFL): Sterne Agee raised their rating from Neutral to Buy and placed a target price of $65.00 on the company.

Bebe Stores (BEBE): Janney raised their rating from Neutral to Buy and raised their target price from $4.00 to $7.00. Pre-market: 5.04 +0.23 (4.78%)

Boeing (BA): BB&T Raised their rating from Hold to Buy. Pre-market: 92.14 +0.47 (0.51%)

Boston Scientific (BSX): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $8.50 to $8.75. Pre-market: 7.68 +0.14 (1.86%)

Daimler (DDAIF): Deutsche Bank raised their rating from Hold to Buy.

Facebook (FB): Raymond James raised their rating from Outperform to Strong Buy and maintained their target price of $37.00. Pre-market: 26.62 +0.48 (1.84%)

PulteGroup (PHM): RBC Capital raised their rating from Outperform to Top Pick and raised their target price from $28.00 to $32.00. Pre-market: 21.10 +0.31 (1.49%)

SunPower (SPWR): Robert W. Baird raised their rating from Neutral to Outperform and raised their target price from $10.00 to $16.00. Pre-market: 12.76 +0.60 (4.93%)

Unisys (UIS): Susquehanna raised their rating from Neutral to Positive and raised their target price from $19.00 to $21.00.

Downgrades

AB InBev (BUD): Goldman Sachs lowered their rating from Sell to Conviction Sell and placed a target price of $67.80 on the company. Pre-market: 94.64 -1.57 (-1.63%)

Exxon Mobil (XOM): ISI Group lowered their rating from Buy to Neutral and placed a target price of $95.00 on the company. Pre-market: 87.72 -0.35 (-0.40%)

Unilever (UN): Societe Generale lowered their rating from Hold to Sell. Pre-market: 41.47 +0.20 (0.48%)

USG (USG): RBC Capital lowered their rating from Top Pick to Outperform.

Coverage Initiated

Eaton (ETN): SunTrust initiated coverage with a Buy rating and target price of $71.00.

Coverage Reiterated/Price Target Changed

Southwest Air (LUV): Cowen reiterated their Buy rating and raised their target price from $14.00 to $16.00.

Earning Reports

Altera (ALTR): Reported EPS of $0.37 beating estimates by +$0.05. After Hours: 31.90 -1.03 (-3.13%)

Amazon.com (AMZN): Reported EPS of $0.18 beating estimates by +$0.08. Pre-market: 269.00 -5.70 (-2.07%)

Baidu.com (BIDU): Reported EPS of $0.95 missing estimates by -$0.07. Pre-market: 84.29 -8.05 (-8.72%)

Chubb (CB): Reported EPS of $2.14 beating estimates by +$0.40.

Cirrus Logic (CRUS): Reported EPS of $0.59 missing estimates by -$0.15.

Coinstar (CSTR): Reported EPS of $0.93 beating estimates by +$0.06. Pre-market: 58.81 +3.78 (6.87%)

Dolby Labs (DLB): Reported EPS of $0.74 beating estimates by +$0.06.

Intl Game Tech (IGT): Reported EPS of $0.36 beating estimates by +$0.06. Pre-market: 17.60 +0.30 (1.73%)

Republic Services (RSG): Reported EPS of $0.46 beating estimates by +$0.05.

Starbucks (SBUX): Reported EPS of $0.48 in-line with estimates. Pre-market: 59.25 -1.25 (-2.07%)

Wynn Resorts (WYNN): Reported EPS of $2.05 beating estimates by +$0.47. Pre-market: 136.30 +1.39 (1.03%)

Markets: 
Futures at 7:56: Dow -0.17%. S&P -0.28%. Nasdaq -0.35%. Crude -0.37% to $93.28. Gold +0.18% to $1464.70.

Europe: London -0.55%. Paris -0.83%. Frankfurt -0.49%. 

Asia: Japan -0.30% to 13884. Hong Kong +0.65% to 22548. China -0.97% to 2178. India -0.62% to 19287.