Walt Disney to Acquire Maker Studios

Walt Disney to Acquire Maker Studios. Disney (DIS) will acquire YouTube content provider Maker Studios for $500M, with as much as $450M in performance earn-outs. Maker Studios receives receives 5.5B monthly video views and has 380M YouTube channel subscribers. Pre-market: 80.40 +0.91 (1.14%)

Upgrades:

Paccar (PCAR): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $74.00 to $80.00.

SABMiller PLC (SBMRY): Bernstein raised their rating from Market Perform to Outperform.

Downgrades:

Arch Coal (ACI): Jeffries lowered their rating from Buy to Hold and placed a target price of $4.75 on the company.

AT&T (T): HSBC lowered their rating from Overweight to Neutral and lowered their target price from $39.00 to $35.00. Pre-market: 34.34 -0.12 (-0.35%)

KBR (KBR): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $34.00 to $32.00.

Navistar International (NAV): UBS lowered their rating from Buy to Neutral and lowered their target price from $44.00 to $36.00.

Timken (TKR): KeyBanc lowered their rating from Buy to Hold.

Earning Reports:

Carnival (CCL): Reported EPS of $0.00 beating estimates by +$0.08. Pre-market: 38.90 -1.10 (-2.75%)

McCormick (MKC): Reported EPS of $0.62 beating estimates by +$0.02.

Walgreens (WAG): Reported EPS of $0.91 missing estimates -$0.01. Pre-market: 65.25 +0.94 (1.46%)

Markets:
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +0.3% to $99.89. Gold -1.6% to $1314.40.  U.S. 10 Year -6/32 to 2.752%.

Europe: London +1.1%. Paris +1.1%. Frankfurt +1.1%.

Asia: Japan -0.4% to 14423. Hong Kong -0.5% to 21732. China +0.05% to 2067. India -0.1% to 22055.

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