Oil prices – Morning News

US futures flat as markets around the world trade positive after the eurozone services PMI posted a rise to 54.2 in March and the composite PMI saw a rise to 54, an 11 month high. Oil dipping into the red overnight as traders take profits and investors await US oil stockpile data and reuters reports that Iran and China are in oil supply talks.

NEWS:

  • FDX: FedEx to buy TNT Express for $4.8B, reports the wsj
  • FDX: UBS reiterates buy and $195 pt
  • INFA: announces that the company is being acquired by Permira Funds for $48.75/share
  • OIL: Goldman forecasts $40 oil “Prices need to stay low for longer”
  • AAPL: All six Star Wars films go digital, headed to iTunes on April 10, reports appleinsider
  • AAPL: Cantor  out positive on Apple: reiterates buy rating and pt of $180
  • UNH: HUM: AET: Government payments for Medicare Advantage plans to rise in 2016, reports reuters
  • JASO:Israeli Parliament Solar Project Adopts JA Solar Modules, reports yahoo finance
  • BA: estimates show that Boeing beat Airbus in new plane orders for Q1
  • DNKN: Credit Suisse out positive on Dunkin: keeps Top Pick: $56
  • ETRM: EnteroMedics Announces Update on vBloc Therapy Trained Centers and Physicians, reports the company
  • AXTA: Axalta to sell 20M shares to Berkshire Hathaway for $560M ($28/share)
  • CELG: Bernstein out positive on Celgene: reiterates $158
  • GS: MS: Susquehanna raises estimates on Goldman and Morgan but maintains neutral rating
  • FB: TWTR: Global Social network users pass 2B
  • FB: NY judge rules that its ok to serve divorce papers via Facebook, reports the WSJ
  • SBUX:Huge Profit Stokes Concerns Over Starbucks’s Tax Practices in Europe, reports the wsj

ON THE ECONOMIC CALENDAR:

  • 8:30AM: Gallup US ECI
  • 8:55AM: Redbook Chain Store Sales
  • 10AM: Job Openings and Labor Turnover Survey
  • 1PM: $24B, 3 Year Note Auction
  • 3PM: Consumer Credit

ANALYSTS RATINGS CHANGES:

UPGRADES:

  • SPLK: upgrade: neutral to overweight: Piper Jaffray
  • JPM: upgrade: market perform to outperform: Bernstein: $70
  • PAY: ugprade: hold to buy: Stifel: $42
  • CCL: upgrade: market perform to outperform: Wells Fargo
  • RL: upgrade: buy to outperform: CLSA: pt raised from $159 to $170
  • CTRP: upgrade: market perform to outperform: Piper Jaffray: $90

DOWNGRADES:

  • AXP: downgrade: perform to underperform: Oppenheimer: $68
  • IPI: downgrade; buy to neutral: Piper Jaffray: $13

PRICE TARGET CHANGES:

  • IPXL: pt raised from $49 to $58: Piper
  • DVN: pt raised from $68 to $76: Argus
  • KMX: pt raised from $73 to $82: BofA/Merrill
  • SWKS: pt raised from $90 to $110: Pacific Crest
  • SWKS: pt raised from $86 to $116: MKM Partners
  • AVGO: pt raised from $130 to $148: MKM Partners
  • KSS: pt raised from $77 to $87: MKM Partners

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Leave a Reply 3 comments

Anne West Reply

It’s nice to see your morning news again. Good luck on your new venture. Looks great.

    Marian Boyle Reply

    Thanks Anne ! I hope the news is helpful. Let me know if there is something you’d like to see included in the morning news.

NARINDER Reply

HELPFULL ,THANKS

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