Morning Coffee Pre-Market Wall Street News

Buffett Selling Moody’s Shares. Warren Buffett, CEO of Berkshire Hathaway (BRK.A/BRK.B) has sold 1.75 million shares of the rating agency Moody’s (MCO). Berkshire is the largest shareholder holding over 28 million shares of the company.  Over the last three days shares of Moody’s ranged from $59.93 to $60.94, a six year high.  BRKB Pre-market: 106.61 +0.49 (0.46%), MCO Close: $60.80 0.00 (0.00)

Upgrades

Allergan (AGN): Lazard Capital raised their rating from Neutral to Buy and placed a target price of $115.00 on the company. Pre-market: 99.86 +1.19 (1.21%)

Genesse & Wyoming (GWR): Raymond James raised their rating from Outperform to Strong Buy.

INVESCO (IVZ): Sterne Agee Lazard Capital raised their rating from Neutral to Buy.

Seagate Tech (STX): Needham raised their rating from Neutral to Buy and placed a target price of $45.00 on the company. Pre-market: 38.50 +1.56 (4.22%)

Tactor Supply Co (TSCO): Janney Capital raised their rating from Neutral to Buy

Viacom  (VIAB): Wunderlich raised their rating from Hold to Buy and raised their target price from $72.00 to $80.00.

Yelp (YELP): Northland Capital raised their rating from Underperform to Market Perform and raised their target price from $16.50 to $27.00. Pre-market: 27.75 +2.45 (9.68%)

Downgrades

Advanced Micro Devices (AMD): Macquarie lowered their rating from Outperform to Neutral and maintained a target price of $3.30. Pre-market: 3.17 -0.05 (-1.55%)

Exelon (EXC): Brean Capital lowered their rating from Buy to Hold. Pre-market: 36.63 -0.12 (-0.33%)

Franklin Resources (BEN): Sterne Agee lowered their rating from Buy to Neutral.

MasterCard (MA): Raymond James lowered their rating from Outperform to Market Perform.

Micron Tech (MU): CLSA lowered their rating from Outperform to Underperform and lowered their target price from $11.00 to $10.00. Pre-market: 9.16 -0.04 (-0.43%)

Earning Reports

Allstate (ALL): Reported EPS of $1.47 beating estimates by +$0.18. Pre-market: 49.20 +0.80 (1.65%)

Archer-Daniels (ADM): Reported EPS of $0.48 missing estimates by -$0.05. Pre-market: 33.55 -0.03 (-0.09%)

Cardinal Health (CAH): Reported EPS of $1.02 beating estimates by +$0.07.

CIGNA (CI): Reported EPS of $1.72 beating estimates by +$0.29. Pre-market: 66.89 +1.51 (2.31%)

Estee Lauder (EL): Reported EPS of $0.45 beating estimates by +$0.12. Pre-market: 69.50 +0.71 (1.03%)

Facebook (FB): Reported EPS of $0.12 missing estimates by -$0.01. Pre-market: 27.90 +0.47 (1.71%)

Foster Wheeler (FWLT): Reported EPS of $0.14 missing estimates by -$0.04.

General Motors (GM): Reported EPS of $0.67 beating estimates by +$0.11. Pre-market: 31.06 +0.88 (2.92%)

International Paper (IP): Reported EPS of $0.65 missing estimates by -$0.09. Pre-market: 45.25 -0.64 (-1.39%)

Marsh McLennan (MMC): Reported EPS of $0.74 beating estimates by +$0.05.

Strayer Education (STRA): Reported EPS of $1.59 beating estimates by +$0.13. Pre-market: 48.53 -0.02 (-0.04%)

Teva Pharma (TEVA): Reported EPS of $1.12 beating estimates by +$0.01. Pre-market: 38.18 +0.08 (0.21%)

Visa (V): Reported EPS of $1.92 beating estimates by +$0.11. Pre-market: 170.00 +3.98 (2.40%)

Markets: 
Futures at 7:45: Dow +0.37%. S&P +0.37%. Nasdaq +0.28%. Crude +0.54% to $91.53. Gold +0.83% to $1458.20.

Europe: London -0.06%. Paris +0.08%. Frankfurt +0.42%. 

Asia: Japan -0.76% to 13694. Hong Kong -0.30% to 22668. China -0.17% to 2174. India +1.19% to 19735.