Morning Coffee Pre-Market Wall Street News

Tesla Expect to Report Profit. Electric car manufacture Tesla (TSLA) is expected to report a quarterly profit of $0.04 per share on revenue of $492.02M after today’s market close. A year ago the company had reported EPS of -$0.76 and if the company meets expectations it will be the company’s first quarterly profit. The company’s Model S has received many high reviews and was chosen by Motor Trend as Car of the Year. The company also manufactures the Model X, a SUV and the Roadster, a two seat sports car.

Upgrades

JC Penney (JCP): Maxim Group raised their rating from Sell to Hold and raised their target price from $10.00 to $16.50. Pre-market: 16.90 +0.50 (3.05%)

Electronic Arts (EA): Monness Crespi & Hardt raised their rating from Sell to Neutral. Pre-market: 19.89 +1.48 (8.04%)

Louisiana-Pacific (LPX): DA Davidson raised their rating from Underperform to Neutral and raised their target price from $18.00 to $19.00.

Lowe’s Co (LOW): ISI Group raised their rating from Neutral to Buy and placed a target price of $46.00 on the company. Pre-market: 40.49 +0.20 (0.50%)

Downgrades

Bed Bath & Beyond (BBBY): ISI Group lowered their rating from Neutral to Cautious and placed a target price of $64.00 on the company. Pre-market: 69.44 -0.63 (-0.90%)

CA Tech (CA): Oppenheimer lowered their rating from Outperform to Perform. Pre-market: 26.02 -1.75 (-6.30%)

Comerica (CMA): Robert W. Baird lowered their rating from Neutral to Underperform and placed a target price of $33.00 on the company.

Emerson Electric (EMR): Bernstein lowered their rating from Outperform to Market Perform and placed a target price of $62.00 on the company. Pre-market: 56.10 -0.46 (-0.81%)

ValueClick (VCLK): Raymond James lowered their rating from Outperform to Market Perform. Pre-market: 25.41 -6.33 (-19.94%)

ValueClick (VCLK): Craig-Hallum lowered their rating from Buy to Hold. Pre-market: 25.41 -6.33 (-19.94%)

Coverage Initiated

Eaton Corp (ETN): Bernstein James initiated coverage with an Outperform rating and target price of $76.00. Pre-market: 63.62 +0.16 (0.25%)

Travelers Cos (TRV): Raymond James initiated coverage with an Outperform rating and target price of $95.00.

Earning Reports

AOL (AOL): Reported EPS of $0.32 missing estimates by -$0.03. Pre-market: 39.22 -2.20 (-5.31%)

CA Tech (CA): Reported EPS of $0.68 beating estimates by +$0.13. Pre-market: 26.00 -1.77 (-6.37%)

Cognizant Tech (CTSH): Reported EPS of $1.02 beating estimates by +$0.08. Pre-market: 68.00 +3.12 (4.81%)

Electronic Arts (EA): Reported EPS of $0.55 missing estimates by -$0.02. Pre-market: 19.89 +1.48 (8.04%)

Huntington Ingalls (HII): Reported EPS of $1.17 beating estimates by +$0.31.

Kelly Services (KELYA): Reported EPS of $0.34 beating estimates by +$0.09.

SodaStream (SODA): Reported EPS of $0.68 beating estimates by +$0.04. Pre-market: 49.77 -3.34 (-6.29%)

Tim Hortons (THI): Reported EPS of $0.56 missing estimates by -$0.05. Pre-market: 58.35 -0.02 (-0.03%)

Walt Disney (DIS): Reported EPS of $0.79 beating estimates by +$0.02. Pre-market: 65.90 -0.17 (-0.26%)

Wendy’s (WEN): Reported EPS of $0.03 in-line with estimates. Pre-market: 6.08 -0.04 (-0.65%)

Markets: 
Futures at 7:13: Dow -0.03%. S&P +0.04%. Nasdaq +0.11%. Crude -0.03% to $95.59. Gold +0.36% to $1454.20.

Europe: London +0.27%. Paris +0.77%. Frankfurt +0.65%. 

Asia: Japan +0.74% to 14285. Hong Kong +0.86% to 23244. China +0.48% to 2246. India +0.51% to 19990.