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Stock Downgrades: Lorillard Goes Up in Smoke
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Stocks staggered to a split decision after investors were confronted with conflicting signals from a tale of two figures, each equally impressive in their own way. The timeless curves of Barbie, an all-American girl if ever there was one, graced Sports Illustrated's swimsuit issue cover. That a native-born babe finds herself on the front page is ordinarily an awesome sign for equities -- kiss me, Kate. However, the little matter of $17,211,558,177,668.77 (the latest kick-the-can number for our endless debt ceiling reset) may mean it is indeed different this time. Thus did the Dow (INDEXDJX:.DJI) drop even as Nasdaq (INDEXNASDAQ:.IXIC) advanced for a fifth straight session. The world's most expensive soccer star, named after arch-capitalist Ronald Reagan, was hit with a lighter, but a fat lot of good that did cigarette stock Lorillard (NYSE:LO), which lost 4.96% to lead all S&P 500 (INDEXSP:.INX) laggards. His former team, meanwhile, endured a similarly awful day, with Manchester United (NYSE:MANU) stock slumping 4.07%. This, only hours before the team played out a tedious 0-0 tie and as ominous once-in-a-century winds buffeted the northern English city. And, on a day legendary comic Sid Caesar passed away, Mark Antony had cause to regret his "I come to bury Caesar, not to praise him" schtick. Especially after CaesarStone (NASDAQ:CSTE) skyrocketed 19.55%.

It's a frenzied day for corporate earnings announcements, with Agnico-Eagle Mines (NYSE:AEM), Cliffs Natural Resources (NYSE:CLF), and PepsiCo (NYSE:PEP) among a plethora of companies releasing results.

Angie's List (NASDAQ:ANGI): Raymond James reduces its recommendation to Perform from Strong Buy.

Avago Technologies (NASDAQ:AVGO): Shares get moved to Market Perform from Outperform at JMP Securities.

Itron (NASDAQ:ITRI): Brean Capital slashes the stock to Sell from Hold with a $28 target price after the company issued uninspiring 2014 earnings guidance.

Lorillard: More bad news for the tobacco titan, following Wednesday's steep slide. Today it is taken to Hold from Buy at Jefferies and the price objective, previously $54, gets cut by $3.

Regeneron Pharmaceuticals (NASDAQ:REGN): What a difference a day makes. The stock, which hit a historic high on yesterday's broker boost, is today downgraded to Perform from Outperform at Oppenheimer amid issues over its ample valuation. The target is also taken lower, to $325 from $310.

Sempra Energy (NYSE:SRE): Shares, assigned an upbeat Outperform opinion elsewhere this morning, are now Neutral from Buy at Citigroup.

The Medicines Company (NASDAQ:MDCO): Jefferies cuts the company to Hold from Buy.

Titan Machinery (NASDAQ:TITN): TITN is taken to Underperform from Neutral at Longbow.

See also:

New Stock Coverage: Michael Kors Is Absolutely Fabulous for Fashion Week

Stock Upgrades: Flights May Be Grounded but Children's Place Isn't
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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 Downgrades: Lorillard Goes Up in Smoke
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Stocks staggered to a split decision after investors were confronted with conflicting signals from a tale of two figures, each equally impressive in their own way. The timeless curves of Barbie, an all-American girl if ever there was one, graced Sports Illustrated's swimsuit issue cover. That a native-born babe finds herself on the front page is ordinarily an awesome sign for equities -- kiss me, Kate. However, the little matter of $17,211,558,177,668.77 (the latest kick-the-can number for our endless debt ceiling reset) may mean it is indeed different this time. Thus did the Dow (INDEXDJX:.DJI) drop even as Nasdaq (INDEXNASDAQ:.IXIC) advanced for a fifth straight session. The world's most expensive soccer star, named after arch-capitalist Ronald Reagan, was hit with a lighter, but a fat lot of good that did cigarette stock Lorillard (NYSE:LO), which lost 4.96% to lead all S&P 500 (INDEXSP:.INX) laggards. His former team, meanwhile, endured a similarly awful day, with Manchester United (NYSE:MANU) stock slumping 4.07%. This, only hours before the team played out a tedious 0-0 tie and as ominous once-in-a-century winds buffeted the northern English city. And, on a day legendary comic Sid Caesar passed away, Mark Antony had cause to regret his "I come to bury Caesar, not to praise him" schtick. Especially after CaesarStone (NASDAQ:CSTE) skyrocketed 19.55%.

It's a frenzied day for corporate earnings announcements, with Agnico-Eagle Mines (NYSE:AEM), Cliffs Natural Resources (NYSE:CLF), and PepsiCo (NYSE:PEP) among a plethora of companies releasing results.

Angie's List (NASDAQ:ANGI): Raymond James reduces its recommendation to Perform from Strong Buy.

Avago Technologies (NASDAQ:AVGO): Shares get moved to Market Perform from Outperform at JMP Securities.

Itron (NASDAQ:ITRI): Brean Capital slashes the stock to Sell from Hold with a $28 target price after the company issued uninspiring 2014 earnings guidance.

Lorillard: More bad news for the tobacco titan, following Wednesday's steep slide. Today it is taken to Hold from Buy at Jefferies and the price objective, previously $54, gets cut by $3.

Regeneron Pharmaceuticals (NASDAQ:REGN): What a difference a day makes. The stock, which hit a historic high on yesterday's broker boost, is today downgraded to Perform from Outperform at Oppenheimer amid issues over its ample valuation. The target is also taken lower, to $325 from $310.

Sempra Energy (NYSE:SRE): Shares, assigned an upbeat Outperform opinion elsewhere this morning, are now Neutral from Buy at Citigroup.

The Medicines Company (NASDAQ:MDCO): Jefferies cuts the company to Hold from Buy.

Titan Machinery (NASDAQ:TITN): TITN is taken to Underperform from Neutral at Longbow.

See also:

New Stock Coverage: Michael Kors Is Absolutely Fabulous for Fashion Week

Stock Upgrades: Flights May Be Grounded but Children's Place Isn't
< Previous
  • 1
Next >
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 Downgrades: Lorillard Goes Up in Smoke
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Stocks staggered to a split decision after investors were confronted with conflicting signals from a tale of two figures, each equally impressive in their own way. The timeless curves of Barbie, an all-American girl if ever there was one, graced Sports Illustrated's swimsuit issue cover. That a native-born babe finds herself on the front page is ordinarily an awesome sign for equities -- kiss me, Kate. However, the little matter of $17,211,558,177,668.77 (the latest kick-the-can number for our endless debt ceiling reset) may mean it is indeed different this time. Thus did the Dow (INDEXDJX:.DJI) drop even as Nasdaq (INDEXNASDAQ:.IXIC) advanced for a fifth straight session. The world's most expensive soccer star, named after arch-capitalist Ronald Reagan, was hit with a lighter, but a fat lot of good that did cigarette stock Lorillard (NYSE:LO), which lost 4.96% to lead all S&P 500 (INDEXSP:.INX) laggards. His former team, meanwhile, endured a similarly awful day, with Manchester United (NYSE:MANU) stock slumping 4.07%. This, only hours before the team played out a tedious 0-0 tie and as ominous once-in-a-century winds buffeted the northern English city. And, on a day legendary comic Sid Caesar passed away, Mark Antony had cause to regret his "I come to bury Caesar, not to praise him" schtick. Especially after CaesarStone (NASDAQ:CSTE) skyrocketed 19.55%.

It's a frenzied day for corporate earnings announcements, with Agnico-Eagle Mines (NYSE:AEM), Cliffs Natural Resources (NYSE:CLF), and PepsiCo (NYSE:PEP) among a plethora of companies releasing results.

Angie's List (NASDAQ:ANGI): Raymond James reduces its recommendation to Perform from Strong Buy.

Avago Technologies (NASDAQ:AVGO): Shares get moved to Market Perform from Outperform at JMP Securities.

Itron (NASDAQ:ITRI): Brean Capital slashes the stock to Sell from Hold with a $28 target price after the company issued uninspiring 2014 earnings guidance.

Lorillard: More bad news for the tobacco titan, following Wednesday's steep slide. Today it is taken to Hold from Buy at Jefferies and the price objective, previously $54, gets cut by $3.

Regeneron Pharmaceuticals (NASDAQ:REGN): What a difference a day makes. The stock, which hit a historic high on yesterday's broker boost, is today downgraded to Perform from Outperform at Oppenheimer amid issues over its ample valuation. The target is also taken lower, to $325 from $310.

Sempra Energy (NYSE:SRE): Shares, assigned an upbeat Outperform opinion elsewhere this morning, are now Neutral from Buy at Citigroup.

The Medicines Company (NASDAQ:MDCO): Jefferies cuts the company to Hold from Buy.

Titan Machinery (NASDAQ:TITN): TITN is taken to Underperform from Neutral at Longbow.

See also:

New Stock Coverage: Michael Kors Is Absolutely Fabulous for Fashion Week

Stock Upgrades: Flights May Be Grounded but Children's Place Isn't
< Previous
  • 1
Next >
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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