Stocks advanced again, but some equities did buck an otherwise ebullient session. J.C. Penney
(NYSE:JCP), whose tea kettles paid inadvertent homage to a dictator
, dropped 1.59% after finding itself in similarly hot water with a coffee press
(NASDAQ:AAPL), thrice downgraded this morning, tumbled 2.28% after its latest iPhone unveil. Elvis Costello, of Radio Radio
fame, attended the event
, clearly confusing the company with its Music Hall arch enemy Samsung Electronics
(OTCMKTS:SSNLF). Given the stock’s subsequent red ink, Crimson Tide
might have been a better selection. Or perhaps Good Year for the Roses
, with Amazon
(NASDAQ:AMZN) ending up after going all floral on us
Today in economics, analysts expect July wholesale inventories to post an improvement from the prior month’s pace at 10:00 a.m. Eastern. On the earnings front, Men’s Wearhouse
(NYSE:MW) and Vera Bradley
(NASDAQ:VRA) are each expected to release results.
(NYSE:ALU): Shares get upgraded to Hold from Sell at Berenberg.
(NYSE:SAN): JPMorgan moves the stock to Neutral from Underweight.
(NYSE:CAG): The company gets upgraded to Buy from Neutral at Goldman Sachs.
(NYSE:DRH): Shares are increased to Outperform from Perform with a $12 target at FBR Capital, which highlights recent renovations.
(NASDAQ:ERIC): The telecom name is now Buy from Sell at Berenberg.
(NYSE:KMT): Shares get upgraded to Buy from Neutral at Global Hunter Securities, which also increases its price objective to $55 from $37.
(NYSE:MAR): MAR is moved to Buy from Neutral at UBS.
(NYSE:MS): UBS upgrades its fellow financial firm to Buy from Hold with a $33 target amid optimism over its wealth management segment.
(NYSE:NOK): Shares, on a great recent run, are showing further strength before the bell after being taken to Buy from Neutral at Bank of America-Merrill Lynch, to Buy from Sell at Berenberg, and to Outperform from Sector Perform at RBC Capital Markets, whose target also increases by $2 to $7.
Polo Ralph Lauren
(NYSE:RL): RL is added to the Focus List at Citigroup.
(NYSE:REV): REV gets raised to Outperform from Perform by BMO Capital.
(NYSE:SNA): Janney Capital boosts the stock to Buy from Neutral.
(See also: Stock Downgrades: Fall Is Absolutely No Time to Go Apple Picking
and New Stock Coverage: Plundering Pirates Are Disappointed in Disney
No positions in stocks mentioned.
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