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Stock Upgrades: Green Ink for Green Dot and Greenbrier


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

With due deference to the newly crowed World Series winner, this Halloween equities were neither green nor monster. The S&P 500 Index (INDEXSP:.INX) ended in the red on the day, but losses were contained and October - often an awful month - proved immensely profitable on Wall Street. A witch's brew did, admittedly, strike Craft Brew Alliance (NASDAQ:BREW), which fell 4.20% and incurs a rating reduction this morning. Yet the scary sounding Tremor Video (NYSE:TRMR) jumped 5.13%. Weight Watchers (NYSE:WTW), meanwhile, was to die-t for, nose-diving 19.56%; you'd be better off with the Chinese diet drug made up of flesh-eating zombies. On a horrific calorific day, Paula Deen – who makes a mighty unlikely mouthpiece for diabetes -- saw her Novo Nordisk (NYSE:NVO), which treats the ailment, slump some 7.95%. There was a Rocky Horror Picture Show for Rocky Brands (NASDAQ:RCKY), which tumbled 22.65%. And an unloved Kraft Foods (NASDAQ:KRFT), longtime maker of Oreos, was to dye for, imploding 1.92%. Alistair Cookie of Monsterpiece Theater glowered from the Great Beyond.

Today in economics, October's Institute for Supply Management manufacturing index is expected to slip from September's pace at 10:00 a.m. Eastern. Another frenzied week for quarterly earnings announcements concludes with results expected out of Berkshire Hathaway (NYSE:BRK), Chevron (NYSE:CVX), Madison Square Garden (NASDAQ:MSG), Portland General Electric (NYSE:POR), Washington Post (NYSE:WPO), and Royal Bank of Scotland Group (NYSE:RBS).

Alamos Gold (TSE:AGI): Canaccord Genuity gives the Canadian commodity company a Buy-from-Hold hoist. (Note that shares also suffered a downgrade today.)

Alcatel-Lucent (NYSE:ALU): Société Générale upgrades its fellow French firm to Hold from Sell.

Facebook (NASDAQ:FB): The social networking name, both upgraded and downgraded yesterday, is today taken to Buy from Hold at Argus.

General Growth Properties (NYSE:GGP): The retail Real Estate Investment Trust gets taken to Buy from Neutral at Bank of America-Merrill Lynch.

Greenbrier Companies (NYSE:GBX): Bank of America-Merrill moves the railroad operator, which yesterday increased 6.25% amid a tide of red ink elsewhere, by an unusual 180 degrees (Buy from Underperform.)

Green Dot (NYSE:GDOT): The stock, surging some 14.63% before the bell, is increased to Overweight from Neutral at JPMorgan.

ITT Corporation (NYSE:ITT): ITT is upgraded to Outperform from Neutral at Robert W. Baird, which also takes its target price up by $15 to $52. Catalysts include its earnings expansion and leverage to energy and auto markets.

Navios Maritime Partners (NYSE:NMM): Global Hunter Securities lifts the limited partnership to Buy from Neutral.

Netflix (NASDAQ:NFLX): The top S&P 500 (INDEXSP:.INX) stock of 2013 is today taken to Outperform from Neutral by Robert W. Baird, whose price objective also increases to $420 from $383. Original programming offers promise, the bank believes.

Quintiles Transnational (NYSE:Q): Shares are raised to Outperform from Neutral by Robert W. Baird.

Red Robin Gourmet Burgers (NASDAQ:RRGB): Citing its impressive same store sales, Wunderlich boosts the fast food firm to Buy from Hold, taking its target up by $20 to $90.

Siliconware Precision (NASDAQ:SPIL): UBS boosts the stock an unusual 180 degrees, to Buy from Sell.

(See also: Stock Downgrades: Someone Just Put Bebe in a Corner and New Stock Coverage: Vestas Wind Systems Hype More Than Hot Air)
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