Shares slipped for a second straight day, with the Dow
(^DJI) dragged down by Boeing‘s
(BA) 2.63% tumble. The aerospace outfit imploded after a fuel leak
and, in the can’t-make-this-up category, a BB&T Capital analyst named Carter Leake quickly cut the stock
. Signet Jewelers
(SIG), whose head honcho once called its products "total crap
," should really reassess after it surged 9.05% to the highest level in its history on an otherwise down day. Al Gore, fresh from pocketing $100 million from Al Jazeera, may be asked to provide his Harvard roommate
with financial aid after Ameriprise
(AMP) lost 1.95% on a ratings reduction. An identical downgrade saw Alliant Techsystems
(ATK), the world’s largest maker of ammunition, tumble 2.93% but Michelle Obama isn’t about to bid farewell to her fabulous arms. In fact the First Lady was spotted wearing the same Target (TGT) dress twice
. Not that this did the retailer, down 1.08% on the day, much good.
It’s another dull day in economic data but Alcoa
(AA) unofficially ushered in an upcoming earnings avalanche when it announced yesterday after the close. AZZ incorporated
(AZZ), Constellation Brands
(STZ), Helen of Troy
(HELE), Ruby Tuesday
(RT), Texas Industries
(TXI), and VOXX International
(VOXX) are all due to report results today.
(EAT): EAT is upgraded to Overweight from Equal-Weight at Morgan Stanley.
(CSC): Goldman Sachs takes the tech company to Neutral from Sell.
Credit Card Companies
(MA) — Buy from Neutral — and Visa
(V) — added to the Conviction Buy List — are each showing strength in today’s pre-market trading after scoring upgrades from Goldman.
(DISH): Shares are boosted to Buy from Hold with Wunderlich, which also increases its price objective to $42 from $29.
(DNKN): Janney juices its recommendation to Buy from Neutral.
(LYG): LYG is lifted to Buy from Neutral at UBS.
(MAT): The toy-maker is taken to Buy from Neutral at MKM Partners amid expectations for above average 2013 growth and new product initiatives.
(MCY): Citing an increasingly compelling valuation, Stifel Nicolaus hoists the stock to Hold from Sell.
Navios Maritime Acquisition
(NNA): NNA is now Overweight from Neutral at JPMorgan.
Red Robin Gourmet Burgers
(RRGB): The fast food firm is upgraded to Equal-Weight from Underweight at Morgan Stanley.
: Polo Ralph Lauren
(NYSE:RL) is raised to Outperform from Neutral at Macquarie, which increases Urban Outfitters
(Nasdaq:URBN) to Neutral from Underperform.
(ROST): ROST gets raised to Buy from Hold at Deutsche Bank.
(TSS): Barclays takes TSS to Overweight from Equal Weight.
(See also: Stock Downgrades: JC Penney Not Worth a Dime?
and New Stock Coverage: No Keeping Amazon Out of the News
No positions in stocks mentioned.
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