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Stock Upgrades: Go Bananas for Apple and Bank of New York Mellon
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Five years after the market bottom, a top banana. The Dow (INDEXDJX:.DJI) barely budged, but Chiquita (NYSE:CQB) surged some 10.70% after buying British competitor Fyffes (OTCMKTS:FYFFF) for $526 million. (The combined company will be called CiquitaFyffes. These ceaselessly creative branding types on Madison Avenue, I tell ya. Little wonder Omnicom Group (NYSE:OMC) tumbled 2.56%. The cover curse clearly struck again as Mad Men's Moss grew on, if not a Rolling Stone, then certainly New York.) The banana behemoths will get off scot-free for taxes in Ireland, in much the same manner of Apple (NASDAQ:AAPL). What a fine time to be a fruit, especially with Orange (NYSE:ORAN) advancing 3.88% to a fresh best. Vegetables shouldn't be shunned, however. Per CongressPapa John's (NASDAQ:PZZA) is one, and yesterday its shares hit a historic high. Gotham's Fairway Group (NASDAQ:FWM), founded as a humble greengrocer during the depths of the Depression, gained 5.80%. It now rather ironically serves gourmet Big Apple foodies and upscale produce. Changed days: The Bowery, which was once America's Skid Row, now houses $21 million tear-downs. Green Mountain Coffee Roasters (NASDAQ:GMCR) lost 1.90% after changing its name, and Hooker Furniture (NASDAQ:HOFT), which might want to do likewise, dropped 1.21%. Although, as a Kiwi can freshly attest, it is often an awfully long process.
 
Today in economics, January wholesale inventories are expected to tick up at 10:00 a.m. Eastern. In earnings action, expect earnings announcements out of American Eagle Outfitters (NYSE:AEO), Caesars Entertainment (NASDAQ:CZR), and Dick's Sporting Goods (NYSE:DKS).
 
Anheuser-Busch InBev (NYSE:BUD): BUD gets upgraded to Buy from Hold at ING Group.
 
Apple: Who says bananas are better than apples? Pacific Crest today takes the tech titan to Outperform from Sector Perform with a price objective of $635, sending its shares up slightly as we speak. For more on Apple, read here and here.
 
Bank of Ireland (IRE): Bank of America-Merrill Lynch lifts its fellow financial firm, whose shares nose-dived 19% last week, to Buy from Neutral.
 
Bank of New York Mellon (NYSE:BK): UBS boosts BK to Buy from Neutral.
 
Gold StocksGold Fields (NYSE:GCI) gets upgraded to Sector Outperform from Sector Perform at CIBC World Markets, which hoists Harmony Gold (NYSE:HMY) to Sector Perform from Sector Underperform.
 
Imperial Holdings (NYSE:IFT): Shares are moved to Outperform from Market Perform at FBR Capital, whose target price is $8.50. Catalysts include the prospect for improved cash flow.
 
InterMune (NASDAQ:ITMN): Goldman Sachs gives the stock a Buy-from-Neutral upgrade. Its objective, previously $40, increases by $5.
 
J.C. Penney (NYSE:JCP): The rebounding retailer, whose stock surged 19% last week, is adding on another 8.55% before the bell after getting upgraded to Buy from Neutral at Citigroup. The bank believes revenue projections for 2014 will be achieved. Its target is also taken up substantially, to $11 from $7.50.
 
Macy's (NYSE:M): M is moved to Outperform from Market Perform with Wells Fargo.
 
Stanley Black & Decker (NYSE:SWK): Shares get taken to Outperform from Market Perform, again at Wells.
 
3D Systems (NYSE:DDD): Shares, which slumped 5.07% on yesterday's Barron's diss, are rebounding some this morning after being increased to Overweight from Equal Weight at Stephens.
 
Wesco Aircraft (NYSE:WAIR): RBC Capital raises the equity to Outperform from Perform.
 
Also see:

Stock Downgrades: Wall Street Hates State Street (MVPRO article)

New Stock Coverage: Intel Is Not Paranoid -- The Analyst Really Dislikes It (MVPRO article)

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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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Stock Upgrades: Go Bananas for Apple and Bank of New York Mellon
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Five years after the market bottom, a top banana. The Dow (INDEXDJX:.DJI) barely budged, but Chiquita (NYSE:CQB) surged some 10.70% after buying British competitor Fyffes (OTCMKTS:FYFFF) for $526 million. (The combined company will be called CiquitaFyffes. These ceaselessly creative branding types on Madison Avenue, I tell ya. Little wonder Omnicom Group (NYSE:OMC) tumbled 2.56%. The cover curse clearly struck again as Mad Men's Moss grew on, if not a Rolling Stone, then certainly New York.) The banana behemoths will get off scot-free for taxes in Ireland, in much the same manner of Apple (NASDAQ:AAPL). What a fine time to be a fruit, especially with Orange (NYSE:ORAN) advancing 3.88% to a fresh best. Vegetables shouldn't be shunned, however. Per CongressPapa John's (NASDAQ:PZZA) is one, and yesterday its shares hit a historic high. Gotham's Fairway Group (NASDAQ:FWM), founded as a humble greengrocer during the depths of the Depression, gained 5.80%. It now rather ironically serves gourmet Big Apple foodies and upscale produce. Changed days: The Bowery, which was once America's Skid Row, now houses $21 million tear-downs. Green Mountain Coffee Roasters (NASDAQ:GMCR) lost 1.90% after changing its name, and Hooker Furniture (NASDAQ:HOFT), which might want to do likewise, dropped 1.21%. Although, as a Kiwi can freshly attest, it is often an awfully long process.
 
Today in economics, January wholesale inventories are expected to tick up at 10:00 a.m. Eastern. In earnings action, expect earnings announcements out of American Eagle Outfitters (NYSE:AEO), Caesars Entertainment (NASDAQ:CZR), and Dick's Sporting Goods (NYSE:DKS).
 
Anheuser-Busch InBev (NYSE:BUD): BUD gets upgraded to Buy from Hold at ING Group.
 
Apple: Who says bananas are better than apples? Pacific Crest today takes the tech titan to Outperform from Sector Perform with a price objective of $635, sending its shares up slightly as we speak. For more on Apple, read here and here.
 
Bank of Ireland (IRE): Bank of America-Merrill Lynch lifts its fellow financial firm, whose shares nose-dived 19% last week, to Buy from Neutral.
 
Bank of New York Mellon (NYSE:BK): UBS boosts BK to Buy from Neutral.
 
Gold StocksGold Fields (NYSE:GCI) gets upgraded to Sector Outperform from Sector Perform at CIBC World Markets, which hoists Harmony Gold (NYSE:HMY) to Sector Perform from Sector Underperform.
 
Imperial Holdings (NYSE:IFT): Shares are moved to Outperform from Market Perform at FBR Capital, whose target price is $8.50. Catalysts include the prospect for improved cash flow.
 
InterMune (NASDAQ:ITMN): Goldman Sachs gives the stock a Buy-from-Neutral upgrade. Its objective, previously $40, increases by $5.
 
J.C. Penney (NYSE:JCP): The rebounding retailer, whose stock surged 19% last week, is adding on another 8.55% before the bell after getting upgraded to Buy from Neutral at Citigroup. The bank believes revenue projections for 2014 will be achieved. Its target is also taken up substantially, to $11 from $7.50.
 
Macy's (NYSE:M): M is moved to Outperform from Market Perform with Wells Fargo.
 
Stanley Black & Decker (NYSE:SWK): Shares get taken to Outperform from Market Perform, again at Wells.
 
3D Systems (NYSE:DDD): Shares, which slumped 5.07% on yesterday's Barron's diss, are rebounding some this morning after being increased to Overweight from Equal Weight at Stephens.
 
Wesco Aircraft (NYSE:WAIR): RBC Capital raises the equity to Outperform from Perform.
 
Also see:

Stock Downgrades: Wall Street Hates State Street (MVPRO article)

New Stock Coverage: Intel Is Not Paranoid -- The Analyst Really Dislikes It (MVPRO article)

< 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.
Stock Upgrades: Go Bananas for Apple and Bank of New York Mellon
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Five years after the market bottom, a top banana. The Dow (INDEXDJX:.DJI) barely budged, but Chiquita (NYSE:CQB) surged some 10.70% after buying British competitor Fyffes (OTCMKTS:FYFFF) for $526 million. (The combined company will be called CiquitaFyffes. These ceaselessly creative branding types on Madison Avenue, I tell ya. Little wonder Omnicom Group (NYSE:OMC) tumbled 2.56%. The cover curse clearly struck again as Mad Men's Moss grew on, if not a Rolling Stone, then certainly New York.) The banana behemoths will get off scot-free for taxes in Ireland, in much the same manner of Apple (NASDAQ:AAPL). What a fine time to be a fruit, especially with Orange (NYSE:ORAN) advancing 3.88% to a fresh best. Vegetables shouldn't be shunned, however. Per CongressPapa John's (NASDAQ:PZZA) is one, and yesterday its shares hit a historic high. Gotham's Fairway Group (NASDAQ:FWM), founded as a humble greengrocer during the depths of the Depression, gained 5.80%. It now rather ironically serves gourmet Big Apple foodies and upscale produce. Changed days: The Bowery, which was once America's Skid Row, now houses $21 million tear-downs. Green Mountain Coffee Roasters (NASDAQ:GMCR) lost 1.90% after changing its name, and Hooker Furniture (NASDAQ:HOFT), which might want to do likewise, dropped 1.21%. Although, as a Kiwi can freshly attest, it is often an awfully long process.
 
Today in economics, January wholesale inventories are expected to tick up at 10:00 a.m. Eastern. In earnings action, expect earnings announcements out of American Eagle Outfitters (NYSE:AEO), Caesars Entertainment (NASDAQ:CZR), and Dick's Sporting Goods (NYSE:DKS).
 
Anheuser-Busch InBev (NYSE:BUD): BUD gets upgraded to Buy from Hold at ING Group.
 
Apple: Who says bananas are better than apples? Pacific Crest today takes the tech titan to Outperform from Sector Perform with a price objective of $635, sending its shares up slightly as we speak. For more on Apple, read here and here.
 
Bank of Ireland (IRE): Bank of America-Merrill Lynch lifts its fellow financial firm, whose shares nose-dived 19% last week, to Buy from Neutral.
 
Bank of New York Mellon (NYSE:BK): UBS boosts BK to Buy from Neutral.
 
Gold StocksGold Fields (NYSE:GCI) gets upgraded to Sector Outperform from Sector Perform at CIBC World Markets, which hoists Harmony Gold (NYSE:HMY) to Sector Perform from Sector Underperform.
 
Imperial Holdings (NYSE:IFT): Shares are moved to Outperform from Market Perform at FBR Capital, whose target price is $8.50. Catalysts include the prospect for improved cash flow.
 
InterMune (NASDAQ:ITMN): Goldman Sachs gives the stock a Buy-from-Neutral upgrade. Its objective, previously $40, increases by $5.
 
J.C. Penney (NYSE:JCP): The rebounding retailer, whose stock surged 19% last week, is adding on another 8.55% before the bell after getting upgraded to Buy from Neutral at Citigroup. The bank believes revenue projections for 2014 will be achieved. Its target is also taken up substantially, to $11 from $7.50.
 
Macy's (NYSE:M): M is moved to Outperform from Market Perform with Wells Fargo.
 
Stanley Black & Decker (NYSE:SWK): Shares get taken to Outperform from Market Perform, again at Wells.
 
3D Systems (NYSE:DDD): Shares, which slumped 5.07% on yesterday's Barron's diss, are rebounding some this morning after being increased to Overweight from Equal Weight at Stephens.
 
Wesco Aircraft (NYSE:WAIR): RBC Capital raises the equity to Outperform from Perform.
 
Also see:

Stock Downgrades: Wall Street Hates State Street (MVPRO article)

New Stock Coverage: Intel Is Not Paranoid -- The Analyst Really Dislikes It (MVPRO article)

< 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.
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