Stock Upgrades: Flights May Be Grounded but Children's Place Isn't

By Justin Sharon  FEB 13, 2014 9:21 AM

Wall Street ratings agencies set the tone for today's stock market.

 


Only 24 hours after Janet Yellen acted as Lady Luck for the stock market, this was a slap in the face for Old Man Winter. (And I don't mean octogenarian billionaire George Soros, who hopefully turned the other cheek in enduring that unfortunate assault from his former girlfriend.) Ahead of yet another New York snowstorm, stocks were mostly frozen in place on Wall Street, with the Dow (INDEXDJX:.DJI) ending off slightly to snap a four-session winning streak. We lost legendary funnyman Sid Caesar, who would still likely agree with the age-old industry adage that, "Dying is easy. Comedy is hard." In 1963 Sid starred in the movie It's a Mad, Mad, Mad, Mad World; in 2014 Procter & Gamble (NYSE:PG) learned that lesson to its considerable cost. It dropped 1.71% to post the poorest performance of all blue chips after a precipitous currency plunge in far-flung emerging markets. Tandem Diabetes Care (NASDAQ:TNDM) tumbled 2.68% on news Paula Deen, an imperfect crusader against the ailment, is plotting a comeback. Too much pizza will certainly boost your blood sugar, and while TripAdvisor (NASDAQ:TRIP) is utterly preposterous to say New York is merely America's fourth best purveyor of the fast food, its shares still surged an S&P 500 (INDEXSP:.INX)-best on a broker boost.

It's a frenzied day for corporate earnings announcements, with Agnico-Eagle Mines (NYSE:AEM), Cliffs Natural Resources (NYSE:CLF), and PepsiCo (NYSE:PEP) among a plethora of companies releasing results.

Approach Resources (NASDAQ:AREX): Iberia increases its investment opinion to Outperform from Sector Perform.

AthenaHealth (NASDAQ:ATHN): Shares are moved to Market Perform from Underperform at Cowen.

Children's Place Retail Stores (NASDAQ:PLCE): More than 4,000 flights are currently grounded amid yet another cold snap, but no one is telling this kids' clothing company to go to its room. Shares could fly after an Overweight-from-Neutral upgrade at Piper Jaffray. Its price objective, previously $54, increases by $8.

Energizer (NYSE:ENR): Citigroup adds the battery behemoth to its Focus List of favored equities.

Helix Energy (NYSE:HLX): The stock is hoisted to Outperform from Perform at Raymond James.

Nanosphere (NASDAQ:NSPH): Roth Capital raises its recommendation on the equity, which advanced 10.23% yesterday, to Buy from Neutral. The target price is $3.

NVIDIA (NASDAQ:NVDA): NVDA is now Buy from Neutral at B. Riley & Co.

Also see:

New Stock Coverage: Michael Kors Is Absolutely Fabulous for Fashion Week

Stock Downgrades: Lorillard Goes Up in Smoke
No positions in stocks mentioned.

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