Morning Coffee Pre-Market Wall Street News

Govt. Set to Shut Down. The U.S. federal government is set to shut down tonight after midnight if a funding agreement is not worked out. Republican-led House passed a measure to fund the government that included a one-year delay to the individual mandate to Obamacare.  It also repealed the tax on medical devices. Businesses have already received the one-year delay. The Democrat-led Senate is due to meet today at 2 pm and they are expected to reject the House funding measures.

Upgrades:

Accenture (ACN): Societe Generale raised their rating from Sell to Hold and raised their target price from $70.00 to $75.00.

BlackBerry (BBRY): Bernstein raised their rating from Underperform to Market Perform and placed a target price of $7.00 on the company. Pre-market: 7.93 -0.10 (-1.25%)

CIT Group (CIT): Janney Capital raised their rating from Neutral to Buy and raised their target price from $52.00 to $58.00.

Colgate-Palmolive (CL): Morgan Stanley raised their rating from Equal Weight to Overweight and placed a target price of $68.00 on the company.

JM Smucker (SJM): Citigroup raised their rating from Neutral to Buy and raised their target price from $115.00 to $119.00.

Marathon Oil (MRO): Argus raised their rating from Hold to Buy and placed a target price of $42.00 on the company. Pre-market: 34.70 -0.20 (-0.57%)

Xilinx (XLNX): Pacific Crest raised their rating from Sector Perform to Outperform and placed a target price of $55.00 on the company. Pre-market: 46.24 -0.30 (-0.64%)

Downgrades:

J. C. Penney (JCP): Maxim Group lowered their rating from Buy to Hold. Pre-market: 8.79 -0.26 (-2.87%)

Earning Reports:

Cal-Maine Foods (CALM): Reported EPS of $0.36 missing estimates by -$0.13.

Omnova Solutions (OMN): Reported EPS of $0.19 missing estimates by -$0.03.

Markets: 
Futures at 6:20: Dow -0.84%. S&P -0.90%. Nasdaq -0.65%. Crude -1.22% to $101.59. Gold -0.46% to $1332.70. U.S. 10 Year +4/32 2.613%. 

Europe: London -0.81%. Paris -1.1%. Frankfurt -0.91%. 

Asia: Japan -2.06% to 14455.8. Hong Kong -1.50% to 22860. China +0.68% to 2175. India -1.76% to 19,380.