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: Market Got You Down? Aim High With Lowe's

By

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

PrintPRINT
March Madness? Yesterday, Mother Russia gave Mr. Market nothing but "Nyet." Larry and Magic came of age, of course, at the NCAA championship game of 1979. That was a deceptively momentous year, and one that really ought to have a book of its own some day. It was when Moscow marched into Afghanistan and Jimmy Carter responded with the lethal weapon of, uh, refusing to send our swimmers to the Olympics. That August, Business Week memorably declared "The Death of Equities." That didn't quite happen, but the Dow (INDEXDJX:.DJI) did just have the living daylights kicked out of it by Red Square. 1979 was when Three Mile Island had America at at sixes and sevens, and yesterday nuclear power play Exelon (NYSE:EXC), up 1.09%, was a rare gainer. As was Krispy Kreme Doughnuts (NYSE:KKD), which rose 1.16%; you know the market has gone to pot when Homer Simpson is the only one making a profit. The mother of all pyramid scheme rulings, on Amway, also occurred 35 years ago, and Herbalife (NYSE:HLF) updated the playbook in falling another 5.38%. Mark Zuckerberg, born three decades ago this May, is more about 1984, and yesterday he talked 1984 with President Obama. (Presumably on an untapped line.) Privacy -- who cares? The owner of LifeLock (NYSE:LOCKavailed the entire world of his Social Security details and just saw his stock surge 4.85% on a broker boost.
 
Today in economics, the March University of Michigan consumer sentiment survey is expected to tick up slightly from February's rate at 9:55 a.m. Eastern. On the quarterly earnings front, Ann Inc (NYSE:ANN), Buckle (NYSE:BKE), and Cooper Tire & Rubber (NYSE:CTB) all release results.
 
Banc of California (NASDAQ:BANC): Sterne Agee increases the regional financial firm to Buy from Neutral with a price objective of $14.25.
 
Iberdrola (OTCMKTS:IBDRY): The Spanish alternative-energy outfit gets a Buy-from-Hold boost by Deutsche Bank.
 
Independent Bank (NASDAQ:INDB): Keefe Bruyette upgrades the company to Outperform from Market Perform. Its target price, previously $40, also increases by $4.
 
Lowe's Companies (NYSE:LOW): LOW is lifted to Outperform from Perform at Oppenheimer. The objective gets raised to $57 from $50.
 
NuStar Energy (NYSE:NS): NS is now Buy from Neutral at Goldman Sachs, which takes its target to $62 from $49.
 
Teva Pharmaceutical (NYSE:TEVA): Both sides of The House of Morgan turn more upbeat, with shares now Neutral from Underweight at JP Morgan (target moved to $49 from $38) and Morgan Stanley moving it to Equal-Weight from Underweight.
 
Turkcell (NYSE:TKC): The telecom firm from Istanbul is up 1.64% as I write this article, after getting taken to Buy from Neutral at UBS.

Also see:

New Stock Coverage: Alcoa Doesn't Need the Dow

Stock Downgrades: Pull Plug Power From Your Portfolio
< 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