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Stock Upgrades: JetBlue Is the King of Queens

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

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JPMorgan (NYSE:JPM) CEO Jamie Dimon is a proud son of Queens, having attended Public School 69 in Jackson Heights. Today, equity analysts at his firm upgrade JetBlue Airways (NASDAQ:JBLU), which also calls New York's easternmost borough home. Shares are surging some 3.73% before the bell as a result of the upbeat action -- this after a solid 1.74% increase on Wednesday. The aviation outfit recently launched a quartet of new nonstop routes to the Caribbean. Management turnover bears watching however, with JetBlue's Chief Operating Officer Rob Maruster having recently announced his departure.
 
The bull market has seen CNBC's ratings fall, but the network's 25th birthday bell-ringing yesterday inspired the Dow (INDEXDJX:.DJI) to rise to its first record of 2014. Many other notable events occurred in 1989, of course. ExxonMobil's (NYSE:XOM) standing slumped to an all-time low, but time evidently heals all wounds, and yesterday the energy giant gained 0.95% to a lifetime best. Bette Midler ruled the radio back then with Wind Beneath My Wings, but those lyrics are a painful bête noire for a couple of birds of a feather. Aflac's (NYSE:AFLconvalescing duck swan-dived 1.01% on an iffy analyst initiation. And Twitter (NYSE:TWTR), which tumbled, 8.56%, was similarly blue. Energizer Holdings (NYSE:ENRhas far happier memories of 1989, and yesterday its stock surged 14.31%.
 
The heaviest earnings day of the week is here, with the likes of ExxonMobil, Expedia (NASDAQ:EXPE), and LinkedIn (NYSE:LNKD) all due to release results.
 
Now let's analyze this morning's upgrades, a group that encompasses a nuclear power play as well as our aforementioned JetBlue.

Abercrombie & Fitch (NYSE:ANF): Jefferies juices the clothing company to Buy from Hold. Its target price is also taken higher, to $50 from $37.
 
Barclays (NYSE:BCS): The British bank gets a Buy-from-Neutral increase at UBS.
 
Cavium Networks (NASDAQ:CAVM): Shares are now Neutral from Reduce at Nomura. The price objective, previously $32, also increases by $8.
 
Cengage Learning (OTCMKTS:CNGO): Amid improved execution and optimism over the company's digital initiatives, Imperial Capital upgrades its stock to Outperform from In-Line.
 
Citrix Systems (NASDAQ:CTXS): Berenberg takes the tech name up an unusual 180 degrees, all the way to Buy from Sell.
 
Exelon (NYSE:EXC): The nuclear power stock is hoisted to Buy from Hold with an improved $38 objective at Deutsche Bank.
 
Facebook (NASDAQ:FB): Credit Suisse adds the social networking stock to its Focus List of favored equities.
 
Flushing Financial (NASDAQ:FFIC): Shares get upgraded to Buy from Neutral at Guggenheim.
 
Fortune Brands Home & Security (NYSE:FBHS): Robert W. Baird raises its recommendation to Outperform from Neutral, as it believes recent weakness provides investors with a compelling buying opportunity.
 
Glu Mobile (NASDAQ:GLUU): Shares, surging some 8.50% before the bell, are now Strong Buy from Buy at Needham.
 
ING Group (NYSE:ING): ING gets upgraded to Neutral from Underweight at HSBC Securities.
 
JetBlue Airways: Shares are moved to Overweight from Neutral at JPMorgan, whose target is $10.
 
Quaker Chemical (NYSE:KWR): First Analysis Securities raises its rating to Overweight from Equal Weight.
 
Regions Financial (NYSE:RF): Shares are now Perform from Underperform at Sanford Bernstein.
 
Rocket Fuel (NASDAQ:FUEL): Evercore increases its investment assessment to Equal Weight from Underweight.
 
Yelp Inc. (NYSE:YELP): The stock is boosted by both Macquarie (Outperform from Neutral) and Piper Jaffray (Overweight from Neutral.)

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No positions in stocks mentioned.
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