BLUE|Morning News

JUNE 15, 2015

US futures dipping into the red at this 7AM hour following an abundance of red bars around the world after debt talks between Greece and its European creditors collapsed over the weekend, pushing Greece closer to a debt default that threatens its future in the eurozone.  Investors looking to a trio of economic numbers this morning with the Empire State manufacturing, NAHB housing market  and industrial production data, all being released this morning before attention turns to the FOMC meeting starting tomorrow and wrapping up on Wednesday with an announcement at 2PM on that day. Oil prices pulling back on the strong dollar and continued supply concerns.

NEWS:

  • GM: launches an entrance into the mid-size truck market by announcing its partnership with Isuzu Motors to purchase the trucks. reports wsj
  • CVS: TGT:CVS Health to buy Target’s pharmacy and clinic business for $1.9B
  • BA: Boeing, Airbus Said to Near $23 Billion Order Book in Paris, reports bloomberg
  • BA: Boeing, Qatar Airways Announce Order for 10 777-8Xs, Four 777 Freighters, reports PR newswire
  • RYL: SPF: announce merger to form a single company that would control 74K home sites with a market cat of $5.2B
  • BABA: NFLX:AMZN:  Alibaba announces launch of a video streaming service
  • STJ: FDA approves the company’s brain stimulator for Parkinson’s disease.
  • NKE: US Attorney in Brooklyn leads investigation into Nike Payments in Brazil soccer deal
  • CMCSA: “Jurassic World” beats global record with over $500M in gross sales
  • V: MA: Visa and Mastercard face challenges in China market, reports the Financial Times

ON THE ECONOMIC CALENDAR:

  • 8:30AM: Empire State Manufacturing Survey
  • 9:15AM: Industrial Production
  • 10AM: NAHB Housing Market Index
  • 4PM: Treasury International Capital

ANALYSTS’ RATINGS: CHANGES:

UPGRADES:

  • BHP: upgrade: reduce to hold: HSBC
  • WSM: upgrade: neutral to outperform: Wedbush: $92
  • LOW: upgrade: neutral to outperform: Wedbush:

DOWNGRADES:

  • EMC: downgrade: outperform to market perform: FBR Capital: pt cut from $31 to $28
  • TDC: downgrade: market perform to underperform: JPM Securities
  • LGND: downgrade: buy to hold: Deutsche Bank
  • SCSS: downgrade: outperform to neutral: Wedbush
  • MFRM: downgrade: outperform to neutral: Wedbush:
  • SNDK: downgrade: overweight to equal weight: Morgan Stanley: $75
  • MU: downgrade: equal weight to underweight: Morgan Stanley: $21

INITIATIONS:

  • SUN: initiated: buy: Jefferies: $55

PRICE TARGET CHANGES:

  • CIEN: pt raised from $28 to $30: RBC Capital
  • REGN: pt raised from $543 to $550: RBC Capital
  • CNC: pt raised from $75 to $80: FBR Capital
  • BLUE: pt raised from $200 to $244: JP Morgan
  • BLUE pt raised from $205 to $230: SunTrust
  • AMZN: pt raised from $380 to $400: Canaccord
  • ANTM: pt raised from $171 to $180: Cowen

About the Author

Leave a Reply 0 comments

Leave a Reply: