NEWS:
- F: Ford reached key agreement with workers at F-15 plant in Kansas City
- APP: files Chapter 11 for bankruptcy protection
- GE: Trian takes $2.5B stake in General Electric
- WYNN: LVS: MGM: Vegas casinos fight to buy their own electricity, sidestepping Nevada power monopoly and save millions
- FEYE: FFIV: FireEye and F5 form global partnership
IN BARRONS OVER THE WEEKEND:
- THC: Leslie Norton writes that Tenet offers good value at this level and has a promising future
- BSX: Jack Hough thinks the stock could rise another 20% as growth picks up
- RL:Johanna Bennett believes the new CEO will add horsepower to the Stock
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
SOME NOTABLE EARNINGS AFTER THE CLOSE TODAY:
- TCS
ANALYSTS’ RATINGS CHANGES:
UPGRADES:
- BLUE: upgrade: equal weight to overweight: Morgan Stanley: $143
- ADT: upgrade: underweight to equal weight: Barclays: $30
- AZO: upgrade: market perform to outperform: Oppenheimer
- CNX: upgrade: sell to hold: Deutsche Bank: $13
- LAZ: upgrade: neutral to positive: Susquehanna: $53
- TOL: upgrade: neutral to positive: Susquehanna: $42
- NUE: upgrade: hold to buy: Deutsche Bank: $52
- ATI: upgrade: hold to buy: Deutsche Bank: pt cut from $27 to $20
- WYNN: upgrade: underperform to market perforM: Taglich Brothers: $68
- TWTR: upgrade; hold to buy: Axiom Capital: pt cut from $40 to $37
- KN: upgrade: equal weight to overweight: Stephens: pt raised from $21 to $25
- IGT: upgrade: underperform to neutral: Sterne Agee:
DOWNGRADES:
- FEYE: downgrade: buy to neutral: Piper Jaffray: $37
- FCX: downgrade: buy to hold: Deutsche Bank: $11
- AKS: downgrade; buy to hold: Deutsche Bank: pt cut from $6 to $3
- TYC: downgrade: overweight to equal weight: Barclays: pt cut from $44 to $31
- RXN: downgrade: overweight to equal weight: Barclays: pt cut from $26 to $16
- UNP: downgrade: overweight to equal weight: Barclays: $92
- CFX: downgrade: equal weight to underweight: Barclays: $23
- ETN: downgrade: overweight to equal weight: Barclays: $53
- NSC: downgrade: equal weight to underweight: Barclays: pt cut from $91 to $76
- AMAT: downgrade: sector perform to underperform: RBC Capital: pt cut from $16 to $12
- LRCX: downgrade: sector perform to underperform: RBC Capital: pt cut from $76 to $52
INITIATIONS:
- SYRX: initiated: buy: B Riley: $2.50
PRICE TARGET CHANGES:
- YHOO: pt raised from $39 to $41: Axiom Capital
- ZOES: pt raised from $34 to $40: Stephens
- ALV: pt raised from $105 to $110: RBC Capital
- CNX: pt cut from $47 to $46: Topeka Capital
- AXLL: pt cut from $32 to $18: RBC Capital
- CUDA; pt cut from $41 to $25: Imperial Capital
- FOSL: pt cut from $53 to $46: Piper Jaffray
- IBM: pt cut from $170 to $155: RBC Capital
