Posts
Upgrades:
Office Depot (ODP): BofA
Merrill Lynch raised their rating from Neutral to Buy and placed a target price of $6.50 on the company. Pre-market: 5.51 +0.13 (2.42%)
Downgrades:
Cisco Systems (CSCO):
Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $26.00 top $23.00. Pre-market:
5.51 +0.13 (2.42%)
Cisco Systems (CSCO): Goldman
Sachs lowered their rating from Conviction Buy to Buy and lowered their target price from $30.00 top $25.00. Pre-market:
5.51 +0.13 (2.42%)
Cisco Systems (CSCO): Deutsche
Bank lowered their rating from Buy to Hold
and lowered their target price from $28.00 top $25.00. Pre-market: 5.51 +0.13 (2.42%)
PNC Financial (PNC):
Oppenheimer lowered their rating from Outperform to Perform.
Coverage Initiated:
BP (BP): Credit Suisse
initiated coverage with a Neutral rating.
Royal Dutch Shell (RDS.A):
Credit Suisse initiated coverage with an Outperform
rating.
Total S.A. (TOT): Credit
Suisse initiated coverage with an Outperform
rating.
Earning Reports:
Cisco Systems (CSCO): Reported
EPS of $0.53 beating estimates by +$0.02. Pre-market: 20.93 -3.07 (-12.77%)
Dillard's
(DDS): Reported EPS of $1.13
beating estimates by +$0.07. Pre-market: 90.87 +1.32 (1.47%)
Kolh’s (KSS): Reported
EPS of $0.81 missing estimates by -$0.05. Pre-market: 54.10 -4.16 (-7.14%)
Sally
Beauty (SBH): Reported
EPS of $0.38 missing estimates by -$0.01. Pre-market: 27.50 -0.14 (-0.51%)
Tyco
(TYC): Reported EPS of $0.52 in-line
with estimates. Pre-market: 37.00 +0.27 (0.74%)
Viacom (VIAB): Reported
EPS of $1.55 beating estimates by +$0.11. Pre-market: 82.00 -1.13 (-1.36%)
Wal-Mart (WMT):
Reported EPS of $1.14 beating estimates by +$0.01.
Pre-market: 77.60 -1.30 (-1.65%)
Markets:
Futures at 8:12: Dow +0.07%. S&P +0.17%.
Nasdaq -0.12%.
Crude -0.61% to
$93.30. Gold +1.34% to
$1285.30. U.S. 10 Year +1/32 2.720%.
Europe:
London +0.32%.
Paris +0.62%.
Frankfurt +0.65%.
Asia: Japan +2.12% to
14876. Hong Kong +0.82% to 22649. China +0.60% to 2100. India -0.43% to 20399.
