On the second day of trading after Sandy, Bank of America
(BAC), based in North Carolina — where the Banks, Outer and otherwise, know all about hurricanes
— bested all blue chips with a 4.51% rise. Fellow Dow
(^DJI) member Walt Disney
(DIS), which declined 1.92% on Wednesday, bounced back with a 1.34% gain as investors reassessed its $4.04 billion Star Wars
purchase. (Hey, with pay phones
and gas lines
all the rage again, it makes sense those other ’70s icons Luke and Leia
should also suddenly be back in fashion.)
Viagra maker Pfizer
(PFE) suffered an apparently incurable case of ED (Earnings Delay). Its results, postponed by 48 hours due to the storm, were seen as unimpressive and sent its stock slumping 1.29% on an otherwise stellar session in equities.
Today in economics, analysts expect an improvement in September factory orders at 10:00 a.m. Eastern. Another peak earnings week comes to a close with Alpha Natural Resources
(ANR), Chesapeake Energy
(CHK), Chevron Corporation
(CVX), Madison Square Garden
(MSG), and Royal Bank of Scotland
(RBS), and Washington Post
(WPO) all due to release results.
(ACTV): Shares are now Neutral from Buy at Citigroup.
(MT): The steel stock is now Neutral from Buy at Natixis Bleichroeder.
(ABX): Shares are downgraded to Market Perform from Outperform at BMO Capital due to lowered guidance.
(BRY): The stock is downgraded to Hold from Buy with Wunderlich, which takes its target to $40 from $49 following earnings.
(BRGYY): Shares get downgraded to Hold from Buy at Deutsche Bank.
(SAM): Crédit Agricole moves the stock to Outperform from Strong Buy.
(EXC): EXC is downgraded to Hold from Buy at Jefferies.
(FIATY): The Italian car company gets cut to Neutral from Buy at UBS.
(FSLR): Shares are downgraded to Hold from Buy at Cantor Fitzgerald, as questions remain on how profitable new projects will be.
(FLR): FLR is now Neutral from Outperform at Robert W. Baird, whose price objective is lowered to $62.
(GES) Jefferies downgrades the denim giant to Hold from Buy.
(GLUU): Piper Jaffray moves the stock to Neutral from Buy.
(GBX): GBX gets downgraded to Neutral from Buy at Sterne Agee.
Hercules Technology Growth Capital
(HTGC): Shares are downgraded to Neutral from Outperform at Robert W. Baird.
(IRDM): Shares are downgraded to Fair Value from Buy at CRT Capital due to the weak earnings guidance.
Las Vegas Sands
(NYSE:LVS): The casino company gets lowered to Hold from Buy at Cantor Fitzgerald, citing growth challenges in Singapore. The target is taken to $46 from $50.
(LPNT): Amid results that have underperfomed its industry, shares are downgraded to Hold from Buy at Cantor Fitzgerald.
(MWA): MWA is moved to Hold from Buy at Brean Murray.
Pioneer Natural Resources
(PXD): Canaccord Genuity cuts the company to Hold from Buy.
(SPR): Shares are now Neutral from Outperform at Cowen.
(SFY): Shares are downgraded to Accumulate from Buy at Global Hunter.
(VRTX): The stock gets slashed to Sell from Hold at Goldman Sachs.
(See also: Stock Upgrades: Starbucks Still Making Big Bucks
and New Stock Coverage: Deckers Outdoor Up Off the Floor
No positions in stocks mentioned.
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