Traders are coming in from a long three-day weekend and are walking into a negative open. The big news this morning is the drop in oil prices. Let's take a look at what else we need to have on the radar.
EMC ( EMC): Stock is trading slightly lower after raising its offer for Data Domain ( DDUP). Regis Corp ( RGS): Stock is lower after company announces stock and note offering.
Upgrades to Watch
Symantec ( SYMC): Upgraded to a buy at Deutsche Bank. $19 price target. Franklin Resources ( BEN): JPMorgan raises stock to an overweight. KLA Tencor ( KLAC): Credit Suisse raises stock to a neutral. $30 price target. Nordstrom ( JWN): Goldman Sachs increases stock to a neutral. $21 price target. Oshkosh ( OSK): Raised to a buy at KeyBanc. Seagate Technology ( STX): Bank of America/Merrill raises stock to a buy. Western Digital ( WDC): Bank of America/Merrill raises stock to a buy. $35 price target. Sprint ( S): Raised to a buy at Auriga. AMB Property ( AMB): Credit Suisse stock to an outperform. $22 price target. T Rowe Price ( TROW): JPMorgan raises stock to neutral. $47.50 price target. Microsoft ( MSFT): Bank of America/Merrill raises estimates. $28 price target. Peabody Energy ( BTU): Goldman Sachs raises target price to $41.
Downgrades to Watch
Tobacco Sector: Morgan Stanley is cutting estimates for the group. Watch Altria ( MO), Reynolds American ( RAI) and Phillip Morris International ( PM). Eaton Vance ( EV): JPMorgan cuts stock to an underweight. FPL Group ( FPL): Credit Suisse cuts stock to neutral. Citrix Systems ( CTXS): Oppenheimer cuts stock to a perform rating from outperform. First Solar ( FSLR): Barclays Capital lowers target price to $175. Chubb Corp ( CB): Barclays Capital cuts target price to $41.