A Peek Into The Market Before The Trading Starts - Carter's (NYSE:CRI)

Pre-open movers

US stock futures are higher this morning, a day after Standard & Poor's placed the credit ratings of 15 euro-zone nations on review for possible downgrade. Futures for the Dow Jones Industrial Average surged 50 points to 12,116 and S&P 500 index futures rose 5 points to 1,260.00. Nasdaq 100 futures surged 13 points to 2,338.

A Peek Into Global Markets

European markets were mostly lower today. The STOXX Europe 600 Index fell 0.03%, London's FTSE 100 Index moved up 0.30%, French CAC 40 index fell 0.19% and German DAX 30 index dropped 0.54%. Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.3894%, Australia's S&P/ASX 200 moving down 1.32% and China's Shanghai Composite declining 0.31%. Hong Kong's Hang Seng Index fell 1.2381%.

Broker Recommendation

Analysts at Goldman Sachs upgraded Carter's Inc

CRI

from “neutral” to “buy.” The target price for Carter's has been raised from $31 to $46. Carter's shares gained 0.35% to $40.30 in after-hours trading..

Breaking news

Starwood Hotels & Resorts Worldwide Inc HOT announced today that it has signed an agreement to acquire 49.8% of the shares of Design Hotels AG from Arabella Hospitality SE, one of Starwood's longtime partners in Germany. To read the full news, click here.
Toll Brothers Inc TOL reported a 70% drop in its fiscal fourth-quarter earnings. To read the full news, click here.
Zealand Pharma A/S announces that its partner Sanofi SNY has reported positive top-line results from a Phase III study, GetGoal Duo 1, evaluating the efficacy and safety of lixisenatide in combination with Lantus, Sanofi's world leading basal insulin product, for the treatment of patients with Type 2 diabetes uncontrolled on oral anti-diabetic treatment - mainly metformin. To read the full news, click here.
At a meeting of analysts and institutional investors today, 3M Company MMM will affirm its 2011 earnings-per-share expectation of $5.85 to $5.95 and provide a roadmap for the company's 2012 earnings-per-share expectation of $6.25 to $6.50. To read the full news, click here.

Market News and Data brought to you by Benzinga APIs