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Stock Upgrades: Tupperware Can't Contain Its Excitement

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

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MINYANVILLE ORIGINAL Facebook (FB), which surged some 15% last week amid news its nemesis was arrested, slumped 3.79% yesterday after the less welcome freeing of a lockup. Beacon Roofing Supply (BECN) jumped 4.36% to an all-time best but it looks like the roof is once again about to cave in on our debt ceiling. And Citigroup (C), half a decade to the day after its Meredith Whitney-induced Halloween horror show, had much happier memories of the end of October this time after advancing 2.16%.

Today in economics, September construction spending and the Institute for Supply Management's October manufacturing index are each out at 10:00 a.m. Eastern. On the corporate front, earnings season rolls on with quarterly results expected out of American International Group (AIG), British Sky Broadcasting (BSYBY), Chesapeake Energy (CHK), Estée Lauder (EL), Exxon Mobil (XOM), Kellogg (K), Marathon Petroleum (MPC), Newmont Mining (NEM), Pfizer (PFE), Sharp (SHCAY), and Starbucks (SBUX).

Cirrus Logic (CRUS): Shares get a Strong Buy-from-Buy boost at Needham, which takes its price objective up to $57 from $53. The company reported Q2 revenue which was some 7% above consensus estimates.

HCC Insurance (HCC): HCC gets hoisted to Outperform from Market Perform at Keefe Bruyette.

General Motors (NYSE:GM): The auto giant gets increased to Buy from Hold at Craig-Hallum, which is impressed by both new vehicle redesigns and efforts to stop European losses. Its new higher target is $30.

Joy Global (JOY): JOY gets upgraded to Overweight from Equal Weight with Morgan Stanley.

Medidata Solutions (MDSO): Citing the company's sustainable revenue growth, Piper Jaffray juices its recommendation to Overweight from Neutral and takes its target price up by $23 to $54.

Public Storage (PSA): BMO Capital moves the equity to Market Perform from Underperform.

Riverbed Technology (RVBD): The equity gets raised to Buy from Hold at Cantor Fitzgerald.

Teleflex (TFX): Shares are taken to Outperform from Underperform with a new higher target of $74 at Crédit Agricole, which cites strong execution and margin growth.

Total S.A. (TOT): Société Générale takes the French oil giant to Buy from Hold.

Tupperware (NYSE:TUP) Morgan Stanley moves the maker of plastic containers to Overweight from Equal Weight.

(See also: New Stock Coverage: It's All About the Benjamins for Franklin Covey and Stock Downgrades: Checking Out of Hyatt Hotels.)
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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