Sony’s PlayStation 4 Goes On Sale

Sony’s PlayStation 4 Goes On Sale. Sony’s (SNE) PS4 went on sale Friday night and within 24 hours the company sold over 1 million video-gaming consoles.  The company needs to hit a home run with the PS4 to help the company the turn around its consumer-electronics division. Sony will face stiff competition from Microsoft which will be releasing its new gaming system Xbox One this Friday. Pre-market: 19.10 +0.60 (3.24%)

Upgrades:

Baxter Intl (BAX): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $73.00 to $80.00.

Swift Transportation (SWFT): RW Baird raised their rating from Neutral to Outperform and raised their target price from $25.00 to $28.00. Pre-market: 23.31 +0.08 (0.34%)

Downgrades:

Halliburton (HAL): Global Hunter lowered their rating from Buy to Neutral and maintained a target price of $61.00. Pre-market: 56.10 -0.13 (-0.23%)

Microchip Tech (MCHP): Stephens lowered their rating from Overweight to Equal Weight and placed a target price of $45.00 on the company. Pre-market: 43.00 -0.61 (-1.40%)

Microsoft (MSFT): BofA Merrill Lynch lowered their rating from Neutral to Underperform and placed a target price of $36.00 on the company.

NVIDIA (NVDA): Morgan Stanley lowered their rating from Equal Weight to Underweight and placed a target price of $13.00 on the company. Pre-market: 15.85 -0.32 (-1.98%)

Coverage Initiated:

Twitter (TWTR): Wunderlich re-initiated coverage with a Sell rating and target price of $34.00. Pre-market: 43.28 -0.70 (-1.59%)

Earning Reports:

Tyson Foods (TSN): Reported EPS of $0.70 beating estimates by +$0.01. Pre-market: 29.85 +1.08 (3.75%)

Markets: 
Futures at 8:03: Dow +0.23%. S&P +0.15%. Nasdaq +0.06%. Crude -0.46% to $93.41. Gold -0.71% to $1278.20. U.S. 10 Year 0/32 2.705%.

Europe: London +0.41%. Paris +0.73%. Frankfurt +0.62%. 

Asia: Japan -0.01% at 15164.3. Hong Kong +2.73% to 23660. China +2.87%. India +2.21%. 

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