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Stock Upgrades: Happy Headlines for News Corp

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

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MINYANVILLE ORIGINAL Europe literally rewound the clock last week while its politicians metaphorically sent us back to the turn of the Millennium, again warning Microsoft (MSFT) about its browsers. Facebook (FB), up 15.5%, certainly partied like it was 1999 even as one of its analysts was unceremoniously fired after saying "This could get me into trouble. Shoot." (Surely a stun gun would have sufficed, especially after Taser (TASR) jumped 26.5%.) College costs continued to outpace inflation but - unless your name is Mark Zuckerberg - staying in school is still well worth it, to judge by Devry's (DV) 20.7% advance.

Today in economics, analysts expect an increase in October's Chicago Purchasing Managers Index at 9:45 a.m. Eastern. It's another frenetic session for third quarter earnings announcements, with results expected out of Anheuser-Busch (BUD), Barclays (BCS), Deutsche Lufthansa (DLAKY), GlaxoSmithKline (GSK), MGM Resorts (MGM), MasterCard (MA), Panasonic (PC), and Time Warner Cable (TWC).

Artio Global Investors (ART): The small cap gets a Buy-from-Neutral boost at Citigroup.

Canadian Pacific (CP) FBR Capital raises the railroad to Market Perform from Underperform.

Copart (CPRT): Shares are now Outperform from Neutral at Robert W. Baird, whose price target is $33. As the leading auctioneer of salvage vehicles, CPRT stands to benefit from a surge in totaled vehicles in the wake of Hurricane Sandy.

Ctrip.com (CTRP): Goldman Sachs gives the Chinese travel stock a Buy-from-Neutral boost.

DineEquity (DIN): The owner of Applebee's and International House of Pancakes is upgraded to Strong Buy from Outperform at Raymond James.

Dominion Resources (D): Citing an increasingly attractive valuation, Argus increases the stock to Buy from Hold. Its price objective is $57.

Ericsson (ERIC): The Swedish telecom titan is taken to Outperform from Neutral at Cowen.

Ford Motor (F): Shares are boosted to Buy from Hold at Craig Hallum.

Forest Oil (FST): RBC Capital raises its recommendation to Outperform from Market Perform.

Nanometrics (NANO): NANO is now Overweight from Neutral at JPMorgan, which also takes its target up by $1.50 to $16.00.

News Corp (NASDAQ:NWSA) The media empire is upgraded to Outperform from Neutral at Macquarie.

Red Robin Gourmet Burgers (RRGB): Miller Tabak moves the stock to Buy from Hold.

Ruth's Hospitality Group (RUTH): Raymond James raises its rating to Outperform from Market Perform with a $7.50 target price. Catalysts include a solid quarterly report and good comparative sales growth.

Stewart Information Services (STC): STC gets an Outperform-from-Perform lift at FBR Capital Markets.

Team Health Holdings (TMH): Piper Jaffray takes TMH to Overweight from Neutral.

(See also: Stock Downgrades: Western Union Could Use a Money Transfer and New Stock Coverage: LifeLock Gets a Pick-Me-Up.)
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No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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