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Stock Downgrades: iRobot Is Only Human After All

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

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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
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.

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