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Stock Downgrades: iRobot Is Only Human After All


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

Stocks took flight after the battle between Green Mountain (NASDAQ:GMCR) and a mountain bluebird was emphatically won by the former. A 26.24% jump in the coffee stock outweighed Twitter's (NYSE:TWTR) 24.16% tumble on iffy earnings and a rash of rating reductions. Some stocks fared especially well on a day the Dow (INDEXDJX:.DJI) posted its best performance of 2014. Glu Mobile (NASDAQ:GLUU) gained 27.65% to a fresh peak after getting a broker boost. (Either that, or investors mistook the meaning of a State Department official saying, "That would be great, I think, to help glue this thing and have the UN glue it and you know, f**k the EU." Regardless, translation stock Rosetta Stone (NYSE:RST) fell 0.37% on a huge up day, so maybe Hillary's heirs really do need to "reset" our relationship with Russia.) "Back in the USSR" was a huge hit for The Beatles (Lenin was one of those four lads from Liverpool, after all) and -- if I may slightly misquote Sergeant Pepper -- it was 50 years ago today the English icons touched down on the tarmac of newly renamed JFK Airport. They famously sang, "I don't care too much for money; money can't buy me love." Wedding ring king Blue Nile (NASDAQ:NILE), fresh from falling 15.07%, could currently use a bit of both.

Today's earnings announcements include Apollo Global (NYSE:APO), Cigna (NYSE:CI), Madison Square Garden (NASDAQ:MSG), Moody's (NYSE:MCO), and Wyndham Worldwide (NYSE:WYN).

AOL Inc. (NYSE:AOL): Oh baby, a bad week for Tim Armstrong is about to get a lot worse as Bank of America-Merrill Lynch lowers the tech name to Neutral from Buy. Its price objective, previously $56, falls to $50.

Fairway Group (NASDAQ:FWM): The recently slumping gourmet grocery stock gets downgraded to Market Perform from Outperform by BMO Capital. Its target price is also taken substantially lower, by $15 to $13.

Genomic Health (NASDAQ:GHDX): Credit Suisse cuts the company to Neutral from Outperform.

Genpact (NYSE:G): Shares are now Neutral from Overweight at JPMorgan, whose target is also trimmed to $17 from $19.

iRobot (NASDAQ:IRBT): The stock, which surged 12.31% yesterday, gets moved to Underweight from Neutral at JPMorgan. Valuation issues loom understandably large.

Lowe's (NYSE:LOW): Concerned about a slowing real estate rebound, Goldman Sachs lowers LOW to Neutral from Buy.

Spirit Aerosystems (NYSE:SPR): KeyBanc Capital cuts the aviation company to Hold from Buy.

See also:

New Stock Coverage: Buffalo Wild Wings Takes Flight

Stock Upgrades: Starbucks Completes Stellar Week for Seattle
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