Squeezed in between the excitement of Fed Wednesday and quadruple witching Friday, Thursday was an instantly-forgettable piggy (or tapir) in the middle for the markets. The S&P 500 Index
(INDEXSP:.INX) snapped a four-session advance, even as Priceline
(NASDAQ:PCLN) became its first component in history to finish with a four-figure price tag. The largest online travel site will now set you back $1,000.62 per share, this despite its principal product being so easy even an ape can do it
. Billboard maker Lamar Advertising
(NASDAQ:LAMR) advanced 5.15% and Oracle
(NYSE:ORCL), whose philandering executive once found himself plastered all over a Times Square billboard
, shrugged off an iffy analyst initiation
and cautious earnings outlook to end up. Elsewhere, downgraded Dow
(INDEXDJX:.DJI) member Disney
(NYSE:DIS) dropped 2.07% after delaying Pixar’s film The Good Dinosaur
for 18 months. Fossil
(NASDAQ:FOSL), however, encountered no such problems and jumped 1.90%.
No top-tier economic data due today — a singularly awful one in stock market history
— but Olive Garden owner Darden Restaurants
(NYSE:DRI) releases results. As mentioned, it’s also a “quadruple witching
” Friday, and they rarely lack action. (This phenomenon is not to be mistaken for the quartet of Fed officials addressing audiences this afternoon, in the form of Esther George (12:30 p.m. Eastern), Daniel Tarullo (12:40 p.m.), James Bullard (12:55 p.m.), and Narayana Kocherlakota (1:45 p.m.)
(NYSE:AEE): Shares are boosted to Overweight from Equal Weight by Barclays.
Bank of Hawaii
(NYSE:BOH): Barclays hoists the stock to Overweight from Equal Weight.
(NYSE:DRH): The stock is now Buy from Hold at MLV & Co, whose price objective also increases to $13 from $11.
(NASDAQ:FB): Another day, another broker boost
for the social networking name, today taken to Outperform from Perform at Cowen on higher mobile revenues. The price objective, previously $29, increases to $53.
(NYSE:MET): MET is added to the Conviction Buy List at Goldman Sachs.
Pier 1 Imports
(NYSE:PIR): After yesterday’s plunge, PIR is upgraded to Outperform from Neutral at Credit Suisse.
(OTCMKTS:JSAIY): The British grocery giant is bucking a broadly lower London tape today after being taken to Neutral from Sell by Citigroup. Its Q2 earnings release is seen as showing margin strength by the bank.
(NASDAQ:RYAAY): The low-cost carrier, which this week had to kick a bunch of boozy Brits off a flight bound for the party island of Ibiza
, is now Neutral from Underweight at HSBC Securities.
(NASDAQ:URBN): Shares are upgraded to Buy from Hold at Canaccord Genuity, which says a recent sell off is overdone. The target is $48.
(OTCMKTS:VOLVY): Société Générale gives the Swedish car company a Buy-from-Hold boost.
(See also: Stock Downgrades: Clorox Taken to the Cleaners
and New Stock Coverage: London Whale Still a Killer for JPMorgan
No positions in stocks mentioned.
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