Greece in focus | GMCR |Morning News

stock market newsJULY 06, 2015

US futures still negative at this 7AM hour but off overnight lows as markets around the world take a hit on the Greece votes “no” on reform plans by its creditors. The Shanghai shook off the negativeĀ and closed up 2.4%, well off its overnight highs after the Chinese government stepped in with support measures. The Greek situation hit the commodities market also with oil trading down almost 3% .

NEWS:

  • PM: Philip Morris to cut stake in Indonesian unit, could raise over $1 billion, reports wsj
  • CMCSA: Universal Studios leads in domestic grosses for 2015
  • CMG:Shares of Chipotle Mexican Grill have lost some of their luster recently and unless growth revives at the company, the stock could see a 15 percent to 20 percent plunge, reports barrons
  • AET: HUM: Aetna to acquire Humana for $37B ( $125 and 0.8375 shares of Aetna for each share of Humana)
  • AMZN: Amazon announces birthday celebration, July 15th, with “Prime Day”, promising “more deals than Black Friday”, reports engadget
  • WTW: Weight Watchers a takeover target, reports NY Post
  • AAPL: sees iPhone sales peaking, stock a hold and $125 pt, says Deutsche Bank
  • AAPL: Apple announces that Apple Pay will dbut in the UK on 07/14

ON THE ECONOMIC CALENDAR:

  • 8:30AM: Gallup US Consumer Spending Measure
  • 9:45AM: PMI Services Index
  • 10AM: Labor Market Condition Index
  • 10AM: ISM Non Manufacturing Index
  • 12:30PM: TD Ameritrade IMX

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • WUBA: upgrade: hold to buy: Summit Research: $75
  • ENTH: upgrade: sector perform to outperform: RBC Capital: pt raised from $14 to $16
  • PANW: upgrade: market perform to outperform: Cowen: pt raised from $175 to $205
  • MWE: upgrade; equal weight to overweight: Barclays: $75
  • TRIP: upgrade: underweight to equal weight: Barclays
  • UNP: upgrade: market perform to outperform: Cowen: NOTE: pt cut from $117 to $111
  • MDCO: upgrade: neutral to buy: Mizuho: pt raised from $28 to $41
  • CTSH: upgrade: outperform to buy: CLSA
  • UAL: upgrade: fair value to buy: CRT Capital:

DOWNGRADES:

  • VMW: downgrade: outperform to market perform: FBR Capital: pt cut from $96 to $90
  • AET: downgrade: outperform to market perform: FBR Capital: $130
  • CHS: downgrade: outperform to perform: Oppenheimer
  • AEGR: downgrade: neutral to sell: Guggeheim
  • ISRG: downgrade: equal weight to underweight: Morgan Stanley
  • FTNT: downgrade: market perfrom to underperform: Cowen

INITIATIONS:

  • IMPV: initiated: buy: Summit Research: $75
  • VRTX; pt raised from $146 to $161: Piper Jaffray
  • BITI: initiated: outperform: RBC Capital: $35
  • BITI: initiated: buy: Stifel: $30
  • AXON: initiated: outperform: RBC Capital: $40
  • AXON: initiated: buy: Jefferies: $31
  • GPRO: initiated: neutral: Goldman: $60

PRICE TARGET CHANGES:

  • AET: pt raised from $125 to $152: Barclays
  • LGF: pt raised from $38 to $40: RBC Capital
  • VRTX: pt raised from $131 to $160: Baird
  • HAWK: pt raised from $44 to $48: Argus
  • TDW: pt cut from $53 to $28: Argus
  • GPOR: pt cut from $62 to $55: Topeka
  • YELP: pt cut from $46 to $40: Piper
  • CRK; pt cut from $8 to $5
  • GMCR: pt cut from $95 to $70: SunTrust

About the Author

Leave a Reply 0 comments

Leave a Reply: