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Stock Upgrades: Con Edison Can Be Your Utility Infielder
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Warren Buffett wrote a letter, but it was another incomparable wordsmith, also aged 83, who most moved markets on Monday. "Where ya going? Barcelona" said Stephen Sondheim's elegiac ode, and yesterday, Facebook (NASDAQ:FB) surged 3.19% to a fresh best after Mark Zuckerberg paid homage to (and in) Catalonia by insisting he did not overpay when buying WhatsApp for $19 billion. (He presumably flew there first class on American Airlines (NASDAQ:AAL), itself at a new peak after ending up 1.33 %.) Thus did Dow Industrials (INDEXDJX:.DJI) advance by triple digits as S&P 500 (INDEXSP:.INX) shares reached an intraday record. Men's Wearhouse (NYSE:MW) gained 7.54% after upping its bid for Jos. A. Bank (NASDAQ:JOSB), which jumped 9.06%; no comment from the drag queen who concluded trading. It was the end of the line for Moviefone, which Tim Armstrong's AOL Inc. (NYSE:AOL) paid $388 million for in 1999. Mr. Armstrong, already in big trouble for his recent "distressed babies" remark, had better watch out. For, as a Penn Station-patrolling New York City cop can freshly attest, those tiny tots pack a punch. Moviefone was much beloved of Cosmo Kramer of course, but did a Dingell really eat my baby, as his accomplice Elaine claimed? Yesterday Michigan's John Dingell, America's longest-serving Congressman, finally called it quits, having served since 1955. And who'd have thought that the tax code would be more exciting than Kate Upton? H&R Block (NYSE:HRB) and the supermodel's Target Corp (NYSE:TGT) each received analyst initiations yesterday and I, in my infinite wisdom, erroneously bet that the retailer would be a sexier story. That'll teach me; the former stock surged 1.51% even as the latter lost 0.18%.

Today in economics, the Conference Board's consumer sentiment survey for February is forecast to fall at 10:00 a.m. Eastern. On the earnings front, American Tower (NYSE:AMT), First Solar (NASDAQ:FSLR), Home Depot (NYSE:HD), and T-Mobile (NYSE:TMUS) all release results.

African Barrick Gold (OTCMKTS:ABGLY): Canaccord Genuity gives the commodity company a Buy-from-Hold boost.

Consolidated Edison (NYSE:ED): A second upgrade in as many days for this Big Apple-based electric utility, whose sky-high bills have been the bane of us Manhattanites in this winter without end. Today it is increased to Overweight from Equal Weight by Barclays.

Dick's Sporting Goods (NYSE:DKS): Belus Capital Advisors raises its rating on the retailer to Hold from Sell with an amended price objective of $54.

Golden Star Resources (NYSEMKT:GSS): The microcap gets upgraded to Hold from Sell at Canaccord Genuity.

Harsco (NYSE:HSC): HSC is hoisted to Buy from Hold at Argus.

Kinross Gold (NYSE:KGC): Canaccord lifts its investment opinion on the equity to Buy from Hold.

Nordson (NASDAQ:NDSN): NDSN is now Outperform from Perform with an $85 target price at Oppenheimer, which hails the firm's forward-looking strategy.

Peoples Bancorp (NASDAQ:PEBO): Raymond James juices its fellow financial firm to Strong Buy from Buy.

Triquint Semiconductor (NASDAQ:TQNT): More good news for this tech name, which surged some 26.11% on Monday after a merger. Today it is taken to Buy from Hold at Brean Capital, whose price objective is $16.

Verizon (NYSE:VZ): The stock, yesterday's poorest performing blue chip with a 2.20% tumble, is today added to Bank of America-Merrill Lynch's US 1 list of favored equities.

Washington REIT (NYSE:WRE): Stifel raises its recommendation on the retail Real Estate Investment Trust to Buy from Hold with a $27 target amid an impressive discount to NAV (Net Asset Value).

Also see:

New Stock Coverage: Splash the Cash on Malibu Boats (MV PRO article)

Stock Downgrades: Don't Be Dumb -- Get Out of Einstein (MV PRO article)
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: Con Edison Can Be Your Utility Infielder
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Warren Buffett wrote a letter, but it was another incomparable wordsmith, also aged 83, who most moved markets on Monday. "Where ya going? Barcelona" said Stephen Sondheim's elegiac ode, and yesterday, Facebook (NASDAQ:FB) surged 3.19% to a fresh best after Mark Zuckerberg paid homage to (and in) Catalonia by insisting he did not overpay when buying WhatsApp for $19 billion. (He presumably flew there first class on American Airlines (NASDAQ:AAL), itself at a new peak after ending up 1.33 %.) Thus did Dow Industrials (INDEXDJX:.DJI) advance by triple digits as S&P 500 (INDEXSP:.INX) shares reached an intraday record. Men's Wearhouse (NYSE:MW) gained 7.54% after upping its bid for Jos. A. Bank (NASDAQ:JOSB), which jumped 9.06%; no comment from the drag queen who concluded trading. It was the end of the line for Moviefone, which Tim Armstrong's AOL Inc. (NYSE:AOL) paid $388 million for in 1999. Mr. Armstrong, already in big trouble for his recent "distressed babies" remark, had better watch out. For, as a Penn Station-patrolling New York City cop can freshly attest, those tiny tots pack a punch. Moviefone was much beloved of Cosmo Kramer of course, but did a Dingell really eat my baby, as his accomplice Elaine claimed? Yesterday Michigan's John Dingell, America's longest-serving Congressman, finally called it quits, having served since 1955. And who'd have thought that the tax code would be more exciting than Kate Upton? H&R Block (NYSE:HRB) and the supermodel's Target Corp (NYSE:TGT) each received analyst initiations yesterday and I, in my infinite wisdom, erroneously bet that the retailer would be a sexier story. That'll teach me; the former stock surged 1.51% even as the latter lost 0.18%.

Today in economics, the Conference Board's consumer sentiment survey for February is forecast to fall at 10:00 a.m. Eastern. On the earnings front, American Tower (NYSE:AMT), First Solar (NASDAQ:FSLR), Home Depot (NYSE:HD), and T-Mobile (NYSE:TMUS) all release results.

African Barrick Gold (OTCMKTS:ABGLY): Canaccord Genuity gives the commodity company a Buy-from-Hold boost.

Consolidated Edison (NYSE:ED): A second upgrade in as many days for this Big Apple-based electric utility, whose sky-high bills have been the bane of us Manhattanites in this winter without end. Today it is increased to Overweight from Equal Weight by Barclays.

Dick's Sporting Goods (NYSE:DKS): Belus Capital Advisors raises its rating on the retailer to Hold from Sell with an amended price objective of $54.

Golden Star Resources (NYSEMKT:GSS): The microcap gets upgraded to Hold from Sell at Canaccord Genuity.

Harsco (NYSE:HSC): HSC is hoisted to Buy from Hold at Argus.

Kinross Gold (NYSE:KGC): Canaccord lifts its investment opinion on the equity to Buy from Hold.

Nordson (NASDAQ:NDSN): NDSN is now Outperform from Perform with an $85 target price at Oppenheimer, which hails the firm's forward-looking strategy.

Peoples Bancorp (NASDAQ:PEBO): Raymond James juices its fellow financial firm to Strong Buy from Buy.

Triquint Semiconductor (NASDAQ:TQNT): More good news for this tech name, which surged some 26.11% on Monday after a merger. Today it is taken to Buy from Hold at Brean Capital, whose price objective is $16.

Verizon (NYSE:VZ): The stock, yesterday's poorest performing blue chip with a 2.20% tumble, is today added to Bank of America-Merrill Lynch's US 1 list of favored equities.

Washington REIT (NYSE:WRE): Stifel raises its recommendation on the retail Real Estate Investment Trust to Buy from Hold with a $27 target amid an impressive discount to NAV (Net Asset Value).

Also see:

New Stock Coverage: Splash the Cash on Malibu Boats (MV PRO article)

Stock Downgrades: Don't Be Dumb -- Get Out of Einstein (MV PRO article)
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.
Daily Recap
Stock Upgrades: Con Edison Can Be Your Utility Infielder
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Warren Buffett wrote a letter, but it was another incomparable wordsmith, also aged 83, who most moved markets on Monday. "Where ya going? Barcelona" said Stephen Sondheim's elegiac ode, and yesterday, Facebook (NASDAQ:FB) surged 3.19% to a fresh best after Mark Zuckerberg paid homage to (and in) Catalonia by insisting he did not overpay when buying WhatsApp for $19 billion. (He presumably flew there first class on American Airlines (NASDAQ:AAL), itself at a new peak after ending up 1.33 %.) Thus did Dow Industrials (INDEXDJX:.DJI) advance by triple digits as S&P 500 (INDEXSP:.INX) shares reached an intraday record. Men's Wearhouse (NYSE:MW) gained 7.54% after upping its bid for Jos. A. Bank (NASDAQ:JOSB), which jumped 9.06%; no comment from the drag queen who concluded trading. It was the end of the line for Moviefone, which Tim Armstrong's AOL Inc. (NYSE:AOL) paid $388 million for in 1999. Mr. Armstrong, already in big trouble for his recent "distressed babies" remark, had better watch out. For, as a Penn Station-patrolling New York City cop can freshly attest, those tiny tots pack a punch. Moviefone was much beloved of Cosmo Kramer of course, but did a Dingell really eat my baby, as his accomplice Elaine claimed? Yesterday Michigan's John Dingell, America's longest-serving Congressman, finally called it quits, having served since 1955. And who'd have thought that the tax code would be more exciting than Kate Upton? H&R Block (NYSE:HRB) and the supermodel's Target Corp (NYSE:TGT) each received analyst initiations yesterday and I, in my infinite wisdom, erroneously bet that the retailer would be a sexier story. That'll teach me; the former stock surged 1.51% even as the latter lost 0.18%.

Today in economics, the Conference Board's consumer sentiment survey for February is forecast to fall at 10:00 a.m. Eastern. On the earnings front, American Tower (NYSE:AMT), First Solar (NASDAQ:FSLR), Home Depot (NYSE:HD), and T-Mobile (NYSE:TMUS) all release results.

African Barrick Gold (OTCMKTS:ABGLY): Canaccord Genuity gives the commodity company a Buy-from-Hold boost.

Consolidated Edison (NYSE:ED): A second upgrade in as many days for this Big Apple-based electric utility, whose sky-high bills have been the bane of us Manhattanites in this winter without end. Today it is increased to Overweight from Equal Weight by Barclays.

Dick's Sporting Goods (NYSE:DKS): Belus Capital Advisors raises its rating on the retailer to Hold from Sell with an amended price objective of $54.

Golden Star Resources (NYSEMKT:GSS): The microcap gets upgraded to Hold from Sell at Canaccord Genuity.

Harsco (NYSE:HSC): HSC is hoisted to Buy from Hold at Argus.

Kinross Gold (NYSE:KGC): Canaccord lifts its investment opinion on the equity to Buy from Hold.

Nordson (NASDAQ:NDSN): NDSN is now Outperform from Perform with an $85 target price at Oppenheimer, which hails the firm's forward-looking strategy.

Peoples Bancorp (NASDAQ:PEBO): Raymond James juices its fellow financial firm to Strong Buy from Buy.

Triquint Semiconductor (NASDAQ:TQNT): More good news for this tech name, which surged some 26.11% on Monday after a merger. Today it is taken to Buy from Hold at Brean Capital, whose price objective is $16.

Verizon (NYSE:VZ): The stock, yesterday's poorest performing blue chip with a 2.20% tumble, is today added to Bank of America-Merrill Lynch's US 1 list of favored equities.

Washington REIT (NYSE:WRE): Stifel raises its recommendation on the retail Real Estate Investment Trust to Buy from Hold with a $27 target amid an impressive discount to NAV (Net Asset Value).

Also see:

New Stock Coverage: Splash the Cash on Malibu Boats (MV PRO article)

Stock Downgrades: Don't Be Dumb -- Get Out of Einstein (MV PRO article)
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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