In an otherwise extremely strong week for stocks, banana behemoth Dole Food
(DOLE) dropped 11.6%, enough to give a monkey a midlife crisis
. Educator Scholastic
(SCHL) tumbled 12.88% and those who say they read Playboy
for the articles — an already dubious contention, as the Average American reads at only a seventh-grade level
— may want to give its current issue a miss. Marilyn Monroe once again graces its cover
, and her contention that diamonds are a girl’s best friend was called into serious question when jeweler Zale Corp
(ZLC) cratered 29.45% in the week’s final two trading sessions.
No top-tier economic data due today, but Berry Plastics
(BERY), Big Lots
(BIG), Jos. A. Bank Clothiers
(JOSB), and Seadrill
(SDRL) are all expected to post quarterly earnings.
(AGU): The fertilizer firm is taken to Neutral from Overweight at Atlantic Equities, whose concerns include valuation issues and lower nitrogen returns. The price objective is lowered to $98 from $107.
(AKZOY): Shares are trading lower in Europe today after Citigroup slashed its rating to Sell from Neutral.
(ARO) is now Neutral from Buy with a $14 target at Janney, which pulls American Eagle Outfitters
(AEO) from its list of Best Ideas.
(BLL): Deutsche Bank downgrades the equity to Hold from Buy but its $46 price objective is intact.
(CHS): The clothing company is cut to Market Perform from Outperform at FBR Capital, which has macroeconomic concerns.
(DWA): DWA is downgraded to Below Average from Average at Caris.
: Robert W. Baird gives Neutral-from-Outperform ratings reductions to Vanguard Health Systems
(VHS) ($12 price objective), Health Management
(HMA) ($9), and Community Health
(HNZ): Shares get downgraded to Hold from Buy at Stifel Nicolaus due to valuation.
(ILMN): Increasingly concerned about emerging competition, Robert Baird reduces its recommendation to Neutral from Outperform. Its price objective is $54.
(NYSE:MCD): Lazard lowers the Dow
(^DJI) member to Neutral from Buy at Lazard Capital, sending shares down before the bell.
(SCHYY): Shares are now Neutral from Overweight at HSBC Securities
(TYEKF) Credit Suisse cuts the giant German conglomerate to Neutral from Outperform, sending shares lower in today’s overseas trading.
(VRSN): The tech outfit is taken to Equal Weight from Overweight at First Analysis.
(WAIR): WAIR is downgraded substantially, to Underperform from Buy at Bank of America-Merrill Lynch.
(See also: Stock Upgrades: Research In Motion Going Places Again
and New Stock Coverage: Apple Stops the Rot.
No positions in stocks mentioned.
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