TSLA | Morning News

tesla-logoAUGUST 17, 2015

US futures flat at this 7AM hour as world markets trade mixed, with Europe up solidly on the Greek bailout deal approval. The Yuan on stable footing pushing the Shanghai higher while the rest of Asia trades mixed. Oil continues it’s slide down as Morgan Stanley warns that we are coming to the end of peak demand.

NEWS:

  • NBL: Israel cabinet approves deal for Noble Energy and Israel’s Delek Group to develop Leviathan natural gas field
  • AVEO: announces exclusive worldwide $326M license deal with Novartis for AV-380
  • AMZN: Jeff Bezon hails UK drone rules, hints as  he hints of launching its first delivery vehicles in Britain, reports ft
  • DIS: Disney teases ‘Toy Story 4,’ ‘Finding Dory’ at D23 Expo. sequels to two of their more popular animated movies
  • RMBS: Rambus Expands With Its Own Chip BrandRM, reports wsj
  • BIIB: Clinical data readings supports long-term safety, efficacy of Alprolix
  • RTPT:Raptor Pharmaceutical Receives FDA Approval of Expanded Label for PROCYSBI to Treat Children Aged 2-6 Years With Nephropathic Cystinosis
  • AAPL: FIT: The Apple Watch is far outselling its competitors, according to millions of online shoppers, reports businessinsider

 

 

ON THE ECONOMIC CALENDAR:

  • 8:30AM: Empire State Manufacturing Survey
  • 10AM: NAHB Housing Market Index
  • 10AM: E-Commerce Retail Survey
  • 4PM: Treasury International Capital

SOME NOTABLE EARNINGS AFTER THE CLOSE TODAY:

  • A: ANW: FN: HTHT: MTZ: URBN

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • ACE: upgrade: market perform to outperform: BMO Capital: $12
  • JPM: upgrade: market perform to outperform: Keefe Bruyette: $77
  • ZUMZ: upgrade: neutral to positive: Susquehanna:  $29
  • OAS: upgrade: market perform to outperform: BMO Capital

DOWNGRADES:

  • NTAP: downgrade: hold to sell: Summit Research: pt cut from $32 to $28
  • SMLP: downgrade: buy to neutral: Baird: pt cut from $39 to  $26
  • CPA: downgrade: outperform to market perform: Cowen: pt cut from $110 to $60
  • CSCO: downgrade: overweight to equal weight: Morgan Stanley
  • TFM: downgrade: outperform to market perform: BMO Capital: pt cut from $44 to $28

INITIATIONS:

  • NEOS: initiated: outperform: RBC Capital: $35
  • JCP: initiated: buy: B Riley: $12.50
  • IMPR: initiated: buy: Stifel: $24

PRICE TARGET CHANGES:

  • LGF: pt raised from $40 to $42: RBC Capital
  • TSLA: pt raised from $280 to $465: Morgan Stanley
  • JCP: pt raised from $15 to $17: Piper Jaffray
  • PNRA: pt raised from $208 to $225: Piper Jaffray
  • MU: pt cut from $38 to $27: Topeka Capital
  • MU: pt cut from $30 tp $28: Cowen
  • MU: pt cut from $27 to $22: MKM Partners

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