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World Markets Worry about Fed. World markets are lower as traders wait for the Fed to announce
the outcome of their latest FOMC meeting. Traders don’t expect the Fed to raise
interest rates or to begin tapering, but they will be watching for any
indication as to when this could begin.
Upgrades:
Adobe Systems (ADBE): Argus raised
their rating from Hold to Buy and
placed a target price of $71.00 on the company.
Facebook (FB): Susquehanna
raised their rating from Neutral to Positive
and raised their target price from $52.00 to $68.00.
Hewlett-Packard (HPQ): JPMorgan
raised their rating from Neutral to Overweight
and placed a target price of $35.00 on the company.
iRobot (IRBT):
Raymond James JPMorgan raised their rating from Market Perform to Strong Buy and placed a target price of
$39.00 on the company.
Medtronics (MDT):
Goldman Sachs raised their rating from Neutral to Buy and placed a target price of $66.00 on the company.
Downgrades:
GlaxoSmithKline (GSK): Deutsche
Bank lowered their rating from Buy to Hold.
KB Home (KBH):
Compass Point lowered their rating from Neutral to Sell.
D.R. Horton (DHI): Compass
Point lowered their rating from Buy to Neutral.
Twitter (TWTR):
Atlantic Equities lowered their rating from Overweight to Neutral and placed a target price of $50.00 on the company.
Coverage Initiated:
Archer Daniels Midland (ADM): Macquarie initiated coverage with an Outperform rating and target price of $49.00.
Dynergy (DYN):
Imperial Capital initiated coverage with an Outperform rating and target price of $24.00.
Mosaic (MOS):
Macquarie initiated coverage with an Outperform
rating and target price of $54.00.
Zillow (Z):
SunTrust initiated coverage with a Buy
rating and target price of $95.00.
Earning Reports:
FactSet (FDS):
Reported EPS of $1.19 missing estimates by -$0.03.
Markets:
Futures at 8:35: Dow +0.22%. S&P +0.03%. Nasdaq +0.12%. Crude +0.31% to $97.79. Gold -0.83% to $1233.90. U.S. 10 Year 0/32 to 2.880%.
Futures at 8:35: Dow +0.22%. S&P +0.03%. Nasdaq +0.12%. Crude +0.31% to $97.79. Gold -0.83% to $1233.90. U.S. 10 Year 0/32 to 2.880%.
Europe:
London -0.30%.
Paris -0.79%.
Frankfurt -0.18%.
Asia: Japan +0.83% to
15279. Hong Kong -0.20% to 23069. China -0.45% to 2151. India -0.23% to
20612.
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