Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Upgrades: Chipotle Mexican Grill Shares Set to Head North

By

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

PrintPRINT
MINYANVILLE ORIGINAL Apple (AAPL), whose prescription for what currently ails it is clearly to take two tablets and call us in the morning, advanced 1.36% amid brisk sales of its latest iPad. Poison pills were the preferred medicine at Netflix (NFLX), a 1.74% gainer.

Primo Water (PRMW) skyrocketed 54.05%; send some stock options pronto to those brave souls currently "unwatering" the New York subway system. National Bank of Greece (NBG) gained 6.09%, providing a deserved reward for Europe's most overworked darlings as Athens embarks on its umpteenth general strike today. Elsewhere Dublin-based Ryanair (RYAAY) - which enabled the Irish to similarly play hooky this summer, much to Angela Merkel's disgust - rose 3.38% after reporting impressive Q2 results.

No top-tier economic data due today, but earnings announcements are expected out of AOL Inc. (AOL), BMW Group (BAMXY), CVS Caremark (CVS), InterContinental Hotels (IHG), News Corp (NWSA), NYSE Euronext (NYX), and Office Depot (ODP).

Apartment Investment & Management (AIV): AIV is upgraded to Market Perform from Underperform with Wells Fargo following the company's results.

China Mobile (NYSE:CHL): Shares are upgraded to Overweight from Equal Weight by Barclays.

Chipotle Mexican Grill (NYSE:CMG): The company is upgraded to Buy from Hold at Bank of America-Merrill Lynch, sending it up in today's pre-market trading.

Foxconn International (FXCNY): Jefferies juices its recommendation to Buy from Hold.

Home Properties (HME): HME gets hoisted to Buy from Neutral at Compass Point.

Lam Research (LRCX): Shares are lifted to Positive from Neutral at Susquehanna.

Republic Airways (RJET): Bank of America-Merrill moves the stock to Neutral from Sell.

Ryder System (R): R is added to the Top Pick List at FBR Capital as Hurricane Sandy is yielding commercial rental tailwinds. The target price is $60.

Sigma-Aldrich (SIAL): Shares are boosted to Buy from Hold at KeyBanc amid organic growth opportunities from new capacity. Its price objective is $88.

Swiss Banks: Credit Suisse (NYSE:CS) is upgraded to Equal Weight from Underweight at Barclays, which lifts UBS AG (NYSE:UBS) to Overweight from Underweight.

Tesco Corp. (TESO): TESO gets taken to Outperform from Market Perform at FBR Capital.

Tree.com (TREE): Shares are upgraded to Overweight from Equal Weight at Stephens.

US Cellular (USM): The name is now Neutral from Underweight at JPMorgan due to valuation.

(See also: Stock Downgrades: Energizer in Need of New Batteries and New Stock Coverage: Kite Realty Can Fly High.)
< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE