Morning Coffee Pre-Market Wall Street News

BlackBerry Could Go Private. The once dominate cell phone maker BlackBerry (BBRY) which is struggling to stay alive could be taken private. It’s been reported that a senior executive at a Canadian pension fund believes they and other funds in Canada would consider a deal to take BlackBerry private. Last Friday, the Canada Pension Plan Investment Board said it would be open participating in a BlackBerry buyout. (BBRY) After Hours: 10.44 -0.21 (-1.97%)

Upgrades:

Cemex S.A.B. de C.V. (CX): Citigroup raised their rating from Neutral to Buy and placed a target price of $14.50 on the company.

LinkedIn (LNKD): Needham raised their rating from Hold to Buy and placed a target price of $280.00 on the company. Pre-market: 235.80 +2.99 (1.28%)

Lowe’s (LOW): Canaccord raised their rating from Sell to Hold and raised their target price from $28.00 to $48.00.

Downgrades:

Broadcom (BRCM): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $36.00 to $30.00. Pre-market: 25.84 -0.22 (-0.84%)

Juniper Networks (JNPR): RBC Capital lowered their rating from Outperform to Sector Perform.

Tesla Motors (TSLA): Lazard Capital lowered their rating from Buy to Neutral. Pre-market: 148.50 -4.50 (-2.94%)

Coverage Initiated:

AbbVie (ABBV): Argus initiated coverage with a Buy rating and target price of $52.00.

Cemex S.A.B. de C.V. (CX): Exane BNP Paribas initiated coverage with an Outperform rating and target price of $14.00.

Ralph Lauren (RL): Goldman Sachs initiated coverage with a Neutral rating and target price of $205.00.

Tiffany & Co. (TIF): Goldman Sachs initiated coverage with a Neutral rating and target price of $84.00.

Earning Reports:

Sysco (SYY): Reported EPS of $0.50 missing estimates by -0.05. Pre-market: 34.15 -0.86 (-2.46%)

Markets: 
Futures at 7:18: Dow -0.36%. S&P -0.47%. Nasdaq -0.31%. Crude -0.53% to $105.40. Gold +1.12% to $1326.70. U.S 10 Year +3/32 2.570%.

Europe: London -0.31%. Paris -0.28%. Frankfurt -0.37%. 

Asia: Japan -0.70% to 13519. Hong Kong +2.13% to 22271. China +2.39% to 2101. India +0.84% to 18947.