Nothing has changed over the weekend, yet futures are in strong green and its market will recover more then it lost on Friday.
Upgrades
First Niagara (FNFG) upgraded to Equal Weight from Underweight at Evercore
First Niagara (FNFG) upgraded to Outperform from Market Perform at Keefe Bruyette
Flextronics (FLEX) upgraded to Outperform from Sector Perform at RBC Capital
Northrop Grumman (NOC) upgraded to Neutral from Underweight at JPMorgan
Southern Copper (SCCO) upgraded to Overweight from Neutral at JPMorgan
WESCO (WCC) upgraded to Buy from Neutral at Longbow
Whiting Petroleum (WLL) upgraded to Overweight from Neutral at JPMorgan
Downgrades
CA Technologies (CA) downgraded to Neutral from Buy at Mizuho
Johnson & Johnson (JNJ) downgraded to Neutral from Overweight at JPMorgan
L-3 Communications (LLL) downgraded to Underweight from Neutral at JPMorgan
Magnum Hunter (MHR) downgraded to Hold from Buy at Stifel
Penn Virginia (PVA) downgraded to Hold from Buy at Stifel
Vail Resorts (MTN) downgraded to Neutral from Outperform at Credit Suisse
Initiations
AcelRx (ACRX) initiated with a Buy at Jefferies
Chicago Bridge & Iron (CBI) coverage resumed with a Buy at Goldman
Fluor (FLR) coverage resumed with a Neutral at Goldman
Foster Wheeler (FWLT) coverage resumed with a Neutral at Goldman
G-III Apparel (GIII) initiated with an Overweight at Barclays
Granite Construction (GVA) coverage resumed with a Sell at Goldman
Jacobs Engineering (JEC) coverage resumed with a Neutral at Goldman
KBR (KBR) coverage resumed with a Buy at Goldman
Silver Spring Network (SSNI) initiated with a Buy at Stifel
Silver Spring Network (SSNI) initiated with a Neutral at Goldman
Silver Spring Network (SSNI) initiated with a Neutral at Piper Jaffray
Silver Spring Network (SSNI) initiated with an Outperform at Credit Suisse
Tile Shop (TTS) initiated with an Outperform at Credit Suisse
Vertex (VRTX) initiated with a Hold at Canaccord
HOT STOCKS
General Electric (GE) to acquire Lufkin (LUFK) for approximately $3.3B
Union Bank (MTU) acquired $3.7B commercial real estate portfolio from PB Capital (DB)
GM's (GM) Holden unit to restructure South Australian manufacturing operations
CWA ratified four-year contract with AT&T Mobility (T)
Manchester United (MANU), Aon (AON) announced new business partnership through 2021
Pharmacyclics (PCYC, JNJ) said FDA grants Breakthrough Therapy Designation for ibrutinib
