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Stock Upgrades: Glass Half Full for Monster Beverage


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

MINYANVILLE ORIGINAL Fiscal cliff negotiations appear to be finally showing signs of progress, but John Wiley & Sons (JW-A) - whose most famous product really should be a beneficiary - fell 4.66% after iffy Q2 earnings. Elsewhere, an analyst downgrade sent (PCLN) plunging 5.03% to post the S&P 500's (^GSPC) poorest performance. (Its main man long ago fell off the precipice, of course.) And the top S&P 500 stock was, wouldn't you know it, Cliffs Natural Resources (CLF), which rose 4.75%.

Today in economics, October wholesale inventories are out at 10:00 a.m. Eastern and the Federal Open Market Committee starts its two-day policy meeting in Washington, DC. In earnings action, Casey's General Stores (CASY), Dollar General (DG), Geospace Technologies (GEOS), Magellan Health Services (MGLN), The Pantry (PTRY), and ThyssenKrupp (PINK:TYEKF) are all due to report results.

Ameris Bancorp (ABCB): The stock gets upgraded to Buy from Neutral at Sterne Agee.

CEMEX S.A. (CX): Morgan Stanley moves the Mexican cement stock to Equal-Weight from Underweight.

Lottomatica (PINK:LTTOY) Credit Suisse lifts the Italian lottery outfit to Outperform from Neutral.

Monster Beverage (NASDAQ:MNST): Stifel Nicolaus moves MNST to Buy from Hold with a $65 price target. Sales growth is seen as re-accelerating in 2Q13 and regulatory risk is overstated, in its view.

Stryker (SYK): Goldman Sachs moves the medical device maker to Buy from Neutral, sending shares up 2.9% before the bell.

Suez Environnement (PINK:SZEVY): Shares are surging 6.9% in Europe today on a boost by BNP Paribas to Outperform from Neutral.

(See also: Stock Downgrades: Wheels Come Off Foster Wheeler and New Stock Coverage: Tumi Is Going Places.)
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