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 Downgrades: Buffalo Wild Wings Shuffles Off Into the Sunset


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

Swiss cheese took one look at the Mouse House and sent the Dow (^DJI) up again, with a Walt Disney (DIS) upgrade out of Zurich's own UBS AG (UBS) propelling that stock 1.83% higher to an historic best. Meanwhile the S&P 500 (^GSPC) reached a fresh peak and Nasdaq (^IXIC) reached levels last seen in November 2000. (Back then peak oil production was all the rage; who'd have thunk that a dozen years on we'd have the opposite "problem"?)

In another miraculous and unforeseen development, the US is paying down debt even as Apple Inc. (AAPL), up 3.10% on the day, ventures in the opposite direction.

Today in economics, analysts anticipate increases in both April's Chicago Purchasing Managers' Index at 9:45 a.m. Eastern and this month's Conference Board consumer sentiment survey at 10:00 a.m. In Washington DC, the Federal Open Market Committee starts its two-day policy setting session. On the corporate front, earnings are expected out of Aetna (AET), BP Plc (BP), Cummins (CMI), DreamWorks Animation (DWA), Legg Mason (LM), Office Depot (ODP), NYSE Euronext (NYX), Pfizer (PFE), Sirius XM Radio (SIRI), and UBS AG (UBS).

Buffalo Wild Wings (NASDAQ:BWLD): The stock is lower today after iffy earnings and a downgrade to Hold from Buy at KeyBanc Capital Markets, which notes supply growth remains limited.

CapitalSource (CSE): CSE is cut to Perform from Outperform at FBR Capital, whose target is $9.50.

Five Star Quality Care (FVE): Shares are downgraded to Hold from Buy at Deutsche Bank. The stock slumped 16.75% yesterday.

Greenway Medical (GWAY): GWAY gets downgraded to Neutral from Overweight at JPMorgan.

New Mountain Finance (NMFC): Shares are now Market Perform from Outperform at Wells Fargo.

Plum Creek (PCL): The company is taken to Underperform from Perform at DA Davidson based due to valuation.

PulteGroup (PHM): Shares are now Neutral from Overweight at JPMorgan.

(See also: New Stock Coverage: Pandora Stuck in the Penalty Box? and Stock Upgrades: There's Never Been a Better Time to Buy Best Buy.)
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.
Featured Videos