The markets are fairly flat this morning following some high-profile earnings results and guidance. Let's take a look at what's on the radar.
Johnson & Johnson ( JNJ): Shares are higher after the drug company topped estimates. Goldman Sachs ( GS): Stock is slightly lower following an easy earnings beat for the investment broker. Novellus ( NVLS): Stock is down slightly on wider second-quarter loss. CSX ( CSX): Management sees profits stabilizing, lifting shares early on. Dell ( DELL): Company trimmed its guidance and shares are lower. Take-Two Interactive ( TTWO): Video game play is lower after profit warning.
Upgrades to Watch:
Northern Trust ( NTRS): Raised to a buy at Bank of America ( BAC)/Merrill Lynch; $65 price target. Prudential Financial ( PRU): JPMorgan Chase ( JPM)raises rating to overweight; $43 price target. Yahoo ( YHOO): Started as a buy at Canaccord. Broadcom ( BRCM): Morgan Stanley ( MS) raises target price to $31. Occidental Petroleum ( OXY): Barclays Capital raises estimates; $68 price target. Anadarko Petroleum ( APC): Barclays Capital raises price target to $43. Blue Nile ( NILE): Citigroup ( C) raises stock to a buy. Mohawk Industries ( MHK): JPMorgan raises stock to a neutral; $27 price target. Ebay ( EBAY): Goldman Sachs raises estimates; $18 price target. Cognizant Technologies ( CTSH): Deutsche Bank ( DB) starts stock as a buy; $32 price target. L-3 Communications ( LLL): JPMorgan upgrades stock to overweight; $80 price target.