A Peek Into The Market Before The Trading Starts - Conn's (NASDAQ:CONN), Abercrombie & Fitch (NYSE:ANF)

Pre-open movers

US stock futures are mixed this morning, as investors are awaiting ISM manufacturing data. Futures for the Dow Jones Industrial Average gained 7 points to 13,162.00 and S&P 500 index futures rose 0.30 points to 1,393.90. Nasdaq 100 futures declined 1.25 points to 2,718.00.

A Peek Into Global Markets

European markets were mixed today. The STOXX Europe 600 Index declined 0.02%, London's FTSE 100 Index moved up 0.32%. Asian markets ended mixed, with Japan's Nikkei Stock Average dropping 1.78% and Australia's S&P/ASX 200 moving up 0.67%.

Broker Recommendation

Analysts at UBS upgraded Abercrombie & Fitch Co

ANF

from “neutral” to “buy.” The target price for Abercrombie & Fitch has been raised from $51 to $66. Abercrombie & Fitch shares gained 2.65% to $51.50 in pre-market trading.

Breaking news

Conn's, Inc. CONN today announced that a subsidiary issued $103.7 million of BBBsf-rated, fixed-rate notes to provide additional liquidity and support for the Company's growth plans. To read the full news, click here.
Teleflex Incorporated TFX announced it has acquired the EZ-BlockerTM disposable catheter product line with a unique bifurcated distal end, a novel and patented bronchial blocker for lung isolation and one-lung ventilation. To read the full news, click here.
National Health Investors Inc NHI announced today it has entered into an amended $320 million unsecured credit facility that includes $120 million of combined 5-year and 7-year term loans that were drawn immediately at closing to pay down revolving credit borrowings and for other corporate purposes. To read the full news, click here.
Imperial Sugar Company IPSU and Louis Dreyfus Commodities LLC today announced a definitive agreement under which a subsidiary of Louis Dreyfus Commodities LLC will acquire Imperial Sugar through a cash tender offer and second step merger at $6.35 per share. To read the full news, click here.

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