The futures are rising on news that CIT Group ( CIT) is negotiating a rescue package. I am not sure if the market was all that worried about this potential bankruptcy considering how well the markets traded last week, and the news of a potential CIT bankruptcy was apparent before the markets closed for trading on Friday. Let's take a look at where the action is today.
PPG Industries ( PPG): UBS raises estimates; $42 price target. Nvidia ( NVDA): FBR Capital raises price target to $14. Moody's ( MCO): Barclays Capital raises estimates; $34 price target. National Oilwell Varco ( NOV): JPMorgan raises price target to $35. Mattel ( MAT): Barclays Capital raises price target to $20. Texas Instruments ( TXN): Jefferies ( JEF) upgrades stock to a hold; $23 price target. Walt Disney ( DIS): Morgan Stanley raises stock to an outperform. CBS ( CBS): Morgan Stanley raises stock to an outperform. Broadcom ( BRCM): FBR Capital increases estimates; $31 price target. Bemis Company ( BMS): Merrill Lynch/Bank of America raises estimates; $27 price target.