Pre-open movers
US stock futures are mixed this morning, as investors are awaiting economic data on retail sales and manufacturing activity in the New York area. Futures on the Dow Jones Industrial Average rose 3 points to 12,227.00 and S&P 500 futures fell 0.30 point to 1,327.40. Nasdaq 100 futures gained 1 point to 2,382.75.
A Peek Into Global Markets
European markets were mixed today. While STOXX Europe 600 Index has gained 0.12%, London's FTSE 100 Index moved down 0.06%.
Asian markets ended mixed, with Japan's Nikkei Stock Average gaining 0.20% and Australia's S&P/ASX 200 moving down 0.08%.
Broker Recommendation
Citi Investment Research is raising its price target on shares of Eaton Vance EV to $30 from $28, but is keeping its Sell rating shares on shares.
In a note to clients, Citi writes, "Affirm Sell but edge up 12-month target $2, to $30, ahead of F1Q11 to be announced ~2/23, or 13x revised C11 $2.29 cash EPS estimate — This report looks at: 1) relative performance trends in flagship E/FI funds; 2) organic growth rates and recent drivers; 3) stock price reaction post earnings; and, 4) updates our EPS expectations ahead of F1Q11 earnings expected ~2/23. Our conclusions? Lead indicators are weakening, organic growth is slowing, and the stock has tended to increasingly underperform the SPX following quarterly results."
Shares of EV lost 14 cents yesterday to close at $33.24, a loss of 0.4%.
Breaking news
Market News and Data brought to you by Benzinga APIs- Marsh & McLennan MMC reports its Q4 adjusted EPS at $0.41, beating the consensus of $0.39. To read the full news, click here.
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