MINYANVILLE ORIGINAL Dow
(^DJI) member McDonald’s
(MCD) fell 1.99% after announcing its first decline in monthly sales since the spring of 2003. Ah, that innocent age when our biggest beef with Europe centered on freedom fries
. This election week, no one was asking “where’s the beef?
” with Wendy’s
(WEN), with the coiner of that iconic phrase bucking a brutal tape to gain 3.05%.
On what would have been the 112th birthday of Margaret Mitchell
(WIN) was Gone With The Wind
, nose-diving 9.66% to a new multi-year low. Energy drink maker Monster Beverage
(MNST) is in an identical position after dropping another 1.27%. Its products are apparently causing the army sleepless nights
, and military academy owner American Public Education
(APEI) will do the same to any soldiers unfortunate enough to own the stock after it imploded 8.58%.
Today in economics, September wholesale trade is expected to tick up 0.4% at 10:00 a.m. Eastern. In earnings activity, Apollo Global Management
(COV), Crédit Agricole
(CRARY), and J.C. Penney
(JCP) are all due to release results.
(ATK): The world’s largest ammunition outfit is upgraded to Buy from Neutral at Goldman Sachs.
Bank of the Ozarks
(OZRK): Shares are now Buy from Neutral at Sterne Agee.
(CXO): CXO gets upgraded to Buy from Neutral at Goldman.
(EXP): The stock is added to Goldman’s Conviction Buy List.
(FAST): Shares are upgraded to Outperform from Neutral at Robert W. Baird, which also takes its target price up by $1, to $51. They say there is outperformance potential over the next 1-2 years based on their mid-cycle slowdown thesis.
(FLT): FLT is boosted to Buy from Hold at Citigroup.
Health Care Plan Providers
: Health Net
(HNT) and Molina Healthcare
(MOH) are each upgraded to Hold at Jefferies.
(HFC): HFC is hoisted to Overweight from Equal Weight by Barclays.
(ISIS): Shares are upgraded to Outperform from Perform at Cowen & Co.
(NYSE:MMM): The Dow
(^DJI) stock is upgraded to Neutral from Reduce at Nomura amid increased confidence in management’s prioritization strategy. The price objective is now $96.
(MRO): MRO is moved to Overweight from Neutral at JPMorgan, whose new target is $35
(POZN): Shares are up 5.3% before the bell on an upgrade to Strong Buy from Buy at Ascendiant Capital Markets.
Public Service Enterprise
(PEG): Citing improved power markets, ING Group gives the stock a Hold-from-Sell hoist.
(RYL): RYL gets raised to Buy from Hold at KeyBanc.
(SIG): SIG is now Buy from Neutral at Bank of America-Merrill Lynch.
(SCGLY): The stock is upgraded to Buy from Reduce at Nomura.
(SBUX): Shares are upgraded to Buy from Hold at Argus, which cites strong Q4 results and guidance. Its target is $60.
(TCAP): TCAP gets taken to Outperform from Neutral at Robert W. Baird.
(See also Stock Downgrades: Groupon Offers Up Another Daily Disaster
and New Stock Coverage: Forest Labs Looks Like a Money Tree
No positions in stocks mentioned.
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