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 Upgrades: Hitch a Ride on Hawaiian Holdings

By

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

PrintPRINT
Was that teenage stowaway who somehow survived at 80 degrees below zero at 38,000 feet while stuck in the wheel well of a Hawaiian Airlines Boeing (NYSE:BA) 767 trying to tell us something? Yesterday Boeing gained 2.41% in topping the Dow (INDEXDJX:.DJI), and Hawaiian Airlines owner Hawaiian Holdings (NASDAQ:HA) surged 6.87% to the highest level in its history. Today the aviation outfit could fly even higher after scoring a broker boost.
 
Talk about getting Wall Street's goat. On the day Chicago's Wrigley Field celebrated its centenary, its accursed barnyard animal appeared to put a hex on equities, with the S&P 500 (INDEXSP:.INX) falling for the first time in seven sessions. (Although, given Mark Zuckerberg's history of killing Billy's brethren, our four-legged friend better watch out. Especially with Facebook (NASDAQ:FB) up 3.98% before this morning's opening bell.) Moving from goats to throats, Carl Icahn wet his whistle with a martini on national television because "my throat's just so f#!king dry." And why not? As his arch enemy Bill Ackman can attest, anyone can whistle(blow) -- even with the bee-stung lips that Botox owner Allergan (NYSE:AGN) specializes in. Yesterday, Ackman's acquisition target saw its stock rise another 1.22% to an historic high after a ratings increase.

This is the single busiest day for first-quarter earnings announcements, with the heavyweight likes of Amazon (NASDAQ:AMZN), Caterpillar (NYSE:CAT), Microsoft (NASDAQ:MSFT), and Starbucks (NASDAQ:SBUX) among a multitude of companies releasing results.
 
Now let's turn to this morning's analyst upgrades, a group that encompasses a rejuvenated tech darling as well as our aforementioned Hawaiian Holdings.

Apple Inc. (NASDAQ:AAPL): The stock, surging 8.53% ahead of the open after its earnings beat Street estimates, is increased to Buy from Outperform at Credit Agricole.
 
Asbury Automotive (NYSE:ABG): BB&T Capital boosts the company to Buy from Hold.
 
Ciena (NYSE:CIEN): Shares are now Buy from Neutral at UBS. Its target price, previously $25, increases by $2.
 
Cullen/Frost Bankers (NYSE:CFR): Keefe Bruyette moves the financial firm to Perform from Underperform.
 
Ericsson (NASDAQ:ERIC): The Swedish telecom titan gets taken to Outperform from Perform by BMO Capital.
 
Goodyear Tire (NASDAQ:GT): Goldman Sachs gives the equity a Conviction Buy-from-Buy upgrade.
 
Hawaiian Holdings: Bank of America Merrill Lynch lifts the aviation outfit to Neutral from Underperform.
 
M&T Bank (NYSE:MTB): Shares are hoisted to Buy from Hold at Deutsche Bank.
 
MicroStrategy (NASDAQ:MSTR): MSTR is moved to Buy from Hold, again at Deutsche Bank. The price objective also increases, to $150 from $130.
 
NuStar Energy (NYSE:NS): Stifel lifts the limited partnership to Buy from Hold with a $62 target amid impressive results in the company's Fuels Marketing segment.
 
O'Reilly Automotive (NASDAQ:ORLY): Raymond James raises its recommendation to Strong Buy from Buy.
 
Republic Airways (NASDAQ:RJET): Bank of America Merrill Lynch moves the equity to Neutral from Underperform.
 
Scotts Miracle-Gro (SMG): Shares are adding on 1.11% at the moment after being boosted to Outperform from Perform by BMO.
 
Southwest Bancorp (NASDAQ:OKSB): Raymond James juices its rating to Outperform from Perform.
 
Telekom Austria (OTCMKTS:TKAGY): The stock is taken to Neutral from Underweight at JP Morgan.
 
TriQuint Semiconductor (NASDAQ:TQNT): Shares get upgraded to Outperform from Market Perform at Northland Capital.

Also see:

New Stock Coverage: EMC, One of the Internet's Fabled 'Four Horsemen,' Is Off to the Races

Stock Downgrades: Call Me Maybe? AT&T Hears Only Static on the Line
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.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE