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Upgrades & Downgrades: Good Things on Tap for Coors?


Maybe the experts know something we don't know.

Selecting the Patron Saint of Hopeless Cases to act as your alarm clock? Not a good idea. Pick your poison: the S&P 500 fell by the most since April, the euro was last this low in May, oil experienced its biggest drop since July and, startlingly, gold is down to its October level after a session in which arrows of green were nowhere to be seen. (And since today celebrates the color red, this morning's omens aren't overly auspicious either.) Las Vegas may manage to keep mouths shut and secrets safe but Spain's current sovereign debt pain proves the refrain that what starts in Latvia never stays in Latvia, as any English bachelor party can tell you.

Yum Brands (YUM) fell 5.49% as investors fled upon digesting its earnings. As even their ex-KFC mouthpiece Jason Alexander now wags both his chins for weight loss leader Jenny Craig, it's no wonder (see also the Pop Biz video FA(s)T Food). Of course in his Seinfeld alter ego, George Costanza bemoaned the shrinkage he now seeks. We get the month's key economic report in the form of January jobs and another earnings week ends with announcements out of Aetna (AET), Allegheny Energy (AYE), Beazer Homes (BZH), British Airways (BAY), Brooks Automation (BRKS), Lear Corp (LEA), Panasonic (PC), Simon Property Group (SPG), Spectra Energy (SE), TECO Energy (TE), Tyson Foods (TSN), Weyerhaeuser (WY), and YRC Worldwide (YRCW).


Molsen Coors (TAP): Before Super Bowl Sunday's countless keg parties, Barclays begins Molson Coors at Overweight and assigns a price objective of $50.

Veeco Instruments (VECO): The stock is initiated at a Buy and $42 target price at Lazard.

Renesola (SOL): Nomura resumes ReneSola at a Buy.


Motorola (MOT): The mobile device stock is moved to Overweight from Equal-Weight by Barclays with a $9 price target.

The Gap (GPS): The retailer gets boosted to Buy from Hold at Citigroup.

Urban Outfitters (URBN): Citi also adds Urban Outfitters to its Top Picks Live list, the broker believing recent worries over the stock are overdone and that its shares are a compelling buying opportunity.

MEMC Electronic (WFR): Credit Suisse takes MEMC Electronic to Outperform from Neutral, saying the solar business is worth at least $4.00 per share.

Interpublic Group (IPG): Again ahead of the Big Game, Credit Suisse lifts ad giant Interpublic Group, now Outperform from Neutral.

MasterCard (MA): Wells Fargo moves MasterCard to Outperform from Market Perform.

Best Buy (BBY): The stock is increased to Buy from Neutral at Janney Montgomery Scott.

Solar Stocks: HSBC hoists both LDK Solar (LDK) to Neutral from Underweight and Suntech Power (STP) (Overweight from Neutral; $17.20 target)

Bebe Stores (BEBE): Roth Capital boosts Bebe stores to Buy from Hold and increases its objective by $3.70 to $10 after its earnings exceeded estimates.

Hotel Stocks: Robert Baird raises InterContinental Hotels (IHG) (Outperform from Neutral; $16 target unchanged) and Starwood Hotels (HOT) (Neutral from Underperform), citing a more positive outlook for RevPAR globally.

NCR Corp (NCR): Baird also upgrades NCR Corp(Outperform from Neutral, target up $5 to $17) on improving international ATM fundamentals.

Archer Daniels Midland (ADM): The stock is increased to Buy from Hold by Deutsche Bank ($35 target maintained), saying catalysts include higher corn acreage this planting season, a pick-up in soybean oil, and higher sweetener shipments to Mexico.

Alkermes (ALKS): Saying it stands to benefit from continued growth in the Consta franchise, Jefferies raises their Alkermes rating to Buy from Hold (price objective goes up to $13.50).

MetLife (MET): The insurance stock is upped to Outperform from Market Perform by FBR Capital, which thinks an ALICO acquisition would be 6.5% accretive to 2011E EPS.

Daimler AG (DAI): The auto stock is raised to Buy from Hold by Royal Bank of Scotland.

Eastman Kodak (EK): The stock is now Hold (from Sell) at Brean Murray, which believes that an announced tender can help support the stock.


Ciena (CIEN): The stock gets an Equal Weight-from-Overweight cut by Barclays.

Leap Wireless (LEAP): JP Morgan lowers Leap Wireless (Underweight from Neutral) and takes its target to $10 from $12. For related content, see Western Wireless Companies Face Another Roadblock.

Dollar Tree (DLTR): JP Morgan also cuts down Dollar Tree, now Neutral from Overweight.

Meritage Homes (MTH): Citigroup moves Meritage Homes to Hold from Buy.

Retail: Goldman Sachs shaves Coach (COH) and Nordstrom (JWN), both now Neutral from Buy.

Exelon (EXC): The stock is reduced to Market Perform from Outperform by Sanford Bernstein.
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