Morning Coffee Pre-Market Wall Street News

Facebook Users Upset Over Privacy. Once again Facebook (FB) users are upset once they learned about the company newly proposed privacy language. The new language would allow for the indiscriminate use of members' information, likeness, and user-generated content for advertising purposes. Privacy groups are warning that the company is attempting to "routinely use the images and names of users for commercial advertising without consent. The Electronic Privacy Information Center, Center for Digital Democracy, Consumer Watchdog, Patient Privacy Rights, U.S. PIRG, and the Privacy Rights Clearinghouse have all voiced their concerns to the FTC in a letter.

Upgrades:

Diego PLC (DEO): Citigroup raised their rating from Neutral to Buy. Pre-market: 124.21 +1.13 (0.92%)

Ericsson (ERIC): Credit Suisse raised their rating from Neutral to Outperform. Pre-market: 13.00 +0.46 (3.67%)

Korn/Ferry (KFY): RW Baird raised their rating from Neutral to Outperform and raised their target price from $20.00 to $24.00. Pre-market: 19.72 +1.00 (5.34%)

Moody’s Corp (MCO): Lazard Capital raised their rating from Neutral to Buy and placed a target price of $74.00 on the company.

Stryker (SYK): Credit Suisse raised their rating from Neutral to Outperform and maintained their target price of $77.00. Pre-market: 68.50 +0.71 (1.05%)

Coverage Initiated:

Arch Coal (ACI): Macquarie initiated coverage with a Neutral rating and target price of $4.50. Pre-market: 4.78 +0.05 (1.06%)

Brinker International (EAT): Wunderlich initiated coverage with a Hold rating and target price of $44.00.

Cracker Barrel Old Country Store (CBRL): Wunderlich initiated coverage with a Hold rating and target price of $106.00. Pre-market: 98.71 0.00 (0.00%)

Darden Restaurants (DRI): Wunderlich initiated coverage with a Hold rating and target price of $50.00. Pre-market: 47.43 +0.57 (1.22%)

Jack in the Box (JACK): Wunderlich initiated coverage with a Buy rating and target price of $46.00.

Peabody Energy (BTU): Macquarie initiated coverage with a Neutral rating and target price of $18.00. Pre-market: 18.20 +0.20 (1.11%)

Under Armour (UA): Jefferies initiated coverage with a Hold rating and target price of $71.00. Pre-market: 77.35 +0.46 (0.60%)

Zillow (Z): Deutsche Bank initiated coverage with a Hold rating and target price of $83.00

Earning Reports:

Korn/Ferry (KFY): Reported EPS of $0.33 beating estimates by +$0.03. Pre-market: 19.72 +1.00 (5.34%)

Smithfield Foods (SFD): Reported EPS of $0.27 missing estimates by -$0.16. Pre-market: 33.88 -0.08 (-0.24%)

Smith &Wesson (SWHC): Reported EPS of $0.45 beating estimates by +$0.09. Pre-market: 10.85 -0.63 (-5.49%)

Zumiez (ZUMZ): Reported EPS of $0.20 beating estimates by +$0.02. Pre-market: 24.05 -1.24 (-4.90%)

Markets: 
Futures at 8:31: Dow +0.34%. S&P +0.39%. Nasdaq +0.30%. Crude +0.17% to $109.17. Gold +0.88% to $1386.00. U.S. 10 Year +31/32 2.881%.

Europe: London -0.16%. Paris -0.12%. Frankfurt +0.53%. 

Asia: Japan -1.45% to 13860. Hong Kong +0.10% to 22621. China +0.83% to 2139. India +1.53% to 19263.