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Stock Upgrades: Liberty Interactive Is Open for Business

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

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The S&P 500 Index (INDEXSP:.INX) snapped two-week slump, with Washington finally coming to attention after the country irately asked of DC, "Who do you think we are -- Athens?" (You got that right.) Our profligacy and approaching debt debacle caused China to say the world economy should be "de-Americanized" which, coming from Beijing, really takes brass ones. Janet Yellen was nominated to head the Central Bank. The Fed is always accused of "fighting the last war" but, as an inflation dove, she surely won't concern herself with that 1970s scourge. Which conflict, then? Well, it couldn't be World War II, with that monument currently closed. Perhaps the Yom Kippur War, concerning which Twitter types again showed that 140 characters will never be confused with a 140 IQ. At least Meg Whitman, whose cautious tone at last year's Hewlett-Packard (NYSE:HPQ) analyst meeting caused its stock to slump, is a quick study. Her bullish comments at this year's confab, immediately lauded by equity analysts, saw it surge 7.24%.

No economic data due today, and both banks and the bond market are closed for Columbus Day, but the first full week of earnings season begins with Brown & Brown (NYSE:BRO), Dassault Systems (OTCMKTS:DASTY), J.B. Hunt Transport (NASDAQ:JBHT), Packaging Corp. of America (NYSE:PKG), and Wintrust Financial (NASDAQ:WTFC) all expected to release results.

Advanced Micro Devices (NYSE:AMD): Shares get upgraded to Outperform from Neutral with Wedbush.

Alcatel-Lucent (NYSE:ALU): Barclays takes the French telecom firm to Overweight from Equal Weight.

American Express (NYSE:AXP): The blue chip is boosted to Buy from Hold with an $85 price objective at Buckingham Research.

ArcelorMittal (NYSE:MT): The stock is up before the bell on an upgrade to Outperform from Neutral at Macquarie.

Buckeye Partners (NYSE:BPL): The limited partnership is lifted to Buy from Hold at Deutsche Bank

Dunkin Brands (NASDAQ:DNKN): Shares are upgraded to Buy from Hold at Miller Tabak, whose price objective increases to $53 from $46. A remodeling program shows promise, the bank believes.

CTC Media (NASDAQ:CTC): The stock is now Buy from Hold at Deutsche Bank.

Glu Mobile (NASDAQ:GLUU): Shares, up 10.29% last week, get upgraded to Buy from Neutral at B. Riley & Co. Its target price also increases, to $3.75 from $2.75.

Hyatt Hotels (NYSE:H): ISI Group gives the accommodation outfit a Buy-from-Neutral hoist.

Iron Mountain (NYSE:IRM): Shares are raised to Outperform from Perform at Robert W. Baird, which points to its roughly 4.3% divided yield.

Nokia (NYSE:NOK): NOK is now Equal Weight from Overweight at Barclays.

Liberty Interactive (NASDAQ:LINTA): Capping a fine 24-hours for freedom, shares are increased to Outperform from Market Perform with Wells Fargo.

NuVasive (NASDAQ:NUVA): The stock is moved to Market Perform from Underperform by BMO Capital.

St. Jude Medical (NYSE:STJ): Shares get upgraded to Market Perform from Underperform at Cowen.

Texas Roadhouse (NASDAQ:TXRH): TXRH is taken to Buy from Hold at Miller Tabak.

Total System (NYSE:TSS): Shares are upgraded to Outperform from Perform at JMP Securities.

XPO Logistics (NYSE:XPO): FBR Capital raises its rating to Outperform from Perform at FBR Capital and takes its target price up by $12 to $30.

(See also: New Stock Coverage: On Columbus Day, It Pays to Discover and Stock Downgrades: Expedia Isn't Sailing the Ocean Blue.)
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No positions in stocks mentioned.
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