Facebook Added to S&P 500. Standard & Poor’s will be adding Facebook (FB) to the S&P 500 Index at the close of trading on December 20.  It will also be added to the S&P 100. Facebook will replace test-equipment vendor Teradyne (TER) in the S&P 500 index and will replace Williams Companies (WMB) in the S&P 100 Index. Alliance Data Systems (ADS) and Mohawk Industries (MHK) will also be added to the S&P 500 replacing Abercrombie & Fitch (ANF) and JDS Uniphase (JDSU).

Upgrades:

Exxon Mobil (XOM): ISI Group their rating from Neutral to Buy and placed a target price of $105.00 on the company. Pre-market: 94.61 +0.35 (0.37%)

Intel (INTC): Nomura raised their rating from Reduce to Neutral and raised their target price of $20.00 to $24.00. Pre-market: 24.59 +0.17 (0.70%)

iRobot (IRBT): JPMorgan raised their rating from Underweight to Neutral and placed a target price of $32.00 on the company.

Micron Technology (MU): Nomura raised their rating from Neutral to Buy and raised their target price of $16.00 to $30.00. Pre-market: 22.71 +0.21 (0.93%)

Southwest Airlines (LUV): BofA Merrill Lynch raised their rating from Neutral to Buy and raised their target price of $18.00 to $23.00. Pre-market: 18.24 +0.27 (1.50%)

Downgrades:

Brown & Brown (BRO): William Blair lowered their rating from Market Perform to Underperform.

Oracle (ORCL): RBC Capital lowered their rating from Outperform to Sector Perform and placed a target price of $35.00 on the company. Pre-market: 33.75 -0.81 (-2.34%)

Texas Instruments (TXN): Nomura lowered their rating from Neutral to Reduce and placed a target price of $30.00 on the company. Pre-market: 42.35 -0.46 (-1.07%)

Coverage Initiated:

Freeport McMoRan (FCX): Bernstein initiated coverage with an Outperform rating and target price of $42.00. Pre-market: 34.60 +0.15 (0.44%)

Nucor (NUE): Bernstein initiated coverage with a Market Perform rating and target price of $56.00.

United States Steel (X): Bernstein initiated coverage with a Market Perform rating and target price of $27.00. Pre-market: 26.37 +0.10 (0.38%)

Weyerhaeuser (WY): JPMorgan initiated coverage with an Overweight rating and placed a target price of $37.00 on the company.

Earning Reports:

Ciena (CIEN): Reported EPS of $0.16 missing estimates by -$0.08. Pre-market: 20.49 -2.41 (-10.52%)

Markets: 
Futures at 7:53 Dow -0.13%. S&P -0.06%. Nasdaq -0.09%. Crude +0.22% to $97.65. Gold -1.81% to $1234.40. U.S. 10 Year -1/32 to 2.866%.

Europe: London -0.82%. Paris -0.37%. Frankfurt -0.66%. 

Asia: Japan -1.12% to 15342. Hong Kong -0.51% to 23218. China -0.06% at 2203. India -1.16% at 20926. 

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Blain and Gate Capital Look to Buy Compuware.

Blain and Gate Capital Look to Buy Compuware. Private equity firms Bain Capital and Golden Gate Capital are reportedly in talks to acquire software provider Compuware (CPWR). The firms have already agreed to acquire BMC Software (BMC) in May.  

Upgrades:

Kraft Foods (KRFT): Morgan Stanley raised their rating from Equal Weight to Overweight placed a target price of $60.00 on the company. Pre-market: 54.59 +1.04 (1.94%)

Mohawk Industries (MHK): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $142.00 to $166.00. Pre-market: 140.00 +1.05 (0.76%)

Valero Energy (VLO): JPMorgan raised their rating from Underweight to Neutral and raised their target price from $34.00 to $44.00. Pre-market: 47.50 +0.92 (1.98%)

Downgrades:

Ingersoll-Rand (IR): MKM Partners lowered their rating from Buy to Neutral and placed a target price of $58.00 on the company. Pre-market: 56.30 -0.39 (-0.69%)

Noble Energy (NBL): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $82.00 to $75.00. Pre-market: 68.80 -0.70 (-1.01%)

Coverage Initiated:

Allscripts Healthcare (MDRX): JPMorgan initiated coverage with an Overweight rating and target price of $18.00.

American Airlines (AAL):CRT Capital initiated coverage with a Buy rating and target price of $31.00.

Archer Daniels Midland (ADM): Credit Suisse initiated coverage with a Neutral rating and target price of $44.00.

Masco (MAS): Credit Suisse initiated coverage with an Outperform rating and target price of $25.00. Pre-market: 21.55 -0.09 (-0.42%)

Masco (MAS): Goldman Sachs initiated coverage with a Sell rating and target price of $29.50. Pre-market: 21.55 -0.09 (-0.42%)

Stanley Black & Decker (SWK): Credit Suisse initiated coverage with a Neutral rating and target price of $71.00.

TJX Cos. (TJX): Atlantic Equities initiated coverage with an Overweight rating and target price of $75.00. Pre-market: 62.73 +0.39 (0.63%)

Markets: 
Futures at 6:20: Dow +0.04%. S&P +0.11%. Nasdaq +0.10%. Crude +0.05% to $97.70. Gold +0.08% to $1230.20. U.S. 10 Year +4/32 2.842%.

Europe: London -0.07%. Paris -0.16%. Frankfurt +0.38%. 

Asia: Japan +2.69% to 15650. Hong Kong +0.29% to 23811. China +0.05% to 2,238. India +1.57% to 21286.

 
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