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Stock Upgrades: Yogi Says Bear Market Finally Over at LuluLemon


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

Who needs The Six Million Dollar Man when there's The Six Hour Woman? Janet Yellen's insomnia-educing 10:00 a.m. to 4:00 p.m. testimony on Tuesday inspired the S&P 500 Index (INDEXSP:.INX) to have its strongest week of the year. (Even if the Fed head could have spared both her larynx and our patience by confining her remarks to the only six words that mattered to markets, those that said we should "expect a great deal of continuity" in central bank policy.) The Valentine's week infatuation wasn't confined to US central bankers, with England swooning over its George Clooney-look-alike leader in sending sterling to a fresh three-year best. Love handles proved particularly profitable as the spare tires of the Michelin (OTCMKTS:MGDDF) man inspired an 8.9% surge in its stock. By contrast, Slim Jim owner ConAgra (NYSE:CAG) fell 4.8% and Weight Watchers (NYSE:WTW), downgraded this morning, tumbled 27.73% on February 14 alone. Facebook (NASDAQ:FB), fresh from celebrating its 10th birthday, took its 12-month increase to 136.90% in hitting a historic high. This as a hitherto lonely boy who entered the world in the same winter of 2004 found himself "Friended" over a million times. On the same social network, Derek Jeter, pride of the Yankees, announced his intention to retire. The day he made his debut, May 29 1995, Dow Industrials (INDEXDJX:.DJI) stood at 4,369.00 and Betamax VCRs were still a viable business. Treehouse Foods (NYSE:THS) jumped 12.76% amid a broker boost but it was the end of the line for a tree indelibly associated with our 34th president. Make that 35th president.

Today's quarterly earnings announcements include Coca-Cola (NYSE:KO), Herbalife (NYSE:HLF), and Waste Management (NYSE:WM).

Aixtron (NASDAQ:AIXG): JPMorgan increases AIXG to Overweight from Neutral.

Anglo American (OTCMKTS:AAUKY): The commodity company -- which owns 85% of diamond giant De Beers and is downgraded elsewhere today -- gets taken to Outperform from Neutral at Credit Suisse.

Big Lots (NYSE:BIG): Deutsche Bank boosts the stock to Buy from Hold. Its price objective, previously $32, increases by $1.

BlackBerry (NASDAQ:BBRY): On an excellent day for Canadian companies named after fruits, FBR Capital moves this fallen tech titan from Ontario to Market Perform from Underperform with a $10 target price. Catalysts include turnaround potential and increased conviction in company management.

CubeSmart (NYSE:CUBE): Raymond James raises its recommendation to Outperform from Market Perform.

Darden Restaurants (NYSE:DRI): The owner of Olive Garden and Red Lobster gets upgraded to Outperform from Market Perform, again at Raymond James.

Delhaize Group (NYSE:DEG): Morgan Stanley moves the stock to Overweight from Equal-Weight.

Forest Labs (NYSE:FRX): Shares are taken to Overweight from Equal Weight at Morgan Stanley. Its stock is surging some 34.47% as we speak after Actavis (NYSE:ACT) announced its intention to buy the company for about $25 billion.

Green Dot (NYSE:GDOT): Morgan Stanley gives GDOT an Equal Weight-from-Underweight upgrade.

Lululemon Athletica (NASDAQ:LULU): Today brings better news for this endlessly controversial yoga-apparel firm from Vancouver, whose shares have tumbled 24.76% in the past 12 months. It is increased to Outperform from Perform at Oppenheimer, which cites the potential for double-digit online growth and an eventual rebound in margins. The target price is also taken up, by $10 to $53, and shares are responding well before the opening bell as a result of the analyst's heightened optimism.

MacroGenics (NASDAQ:MGNX): Bank of America-Merrill Lynch lifts the equity to Buy from Neutral and also increases its objective to $50 from $30.

Sovran Self Storage (NYSE:SSS): Shares are raised to Strong Buy from Outperform at Raymond James.

Tempur Sealy (NYSE:TPX): Citing a product refresh along with impressive international sales, Piper Jaffray juices the mattress maker to Overweight from Neutral.

Zions Bancorp (NASDAQ:ZION): The stock gets moved to Outperform from Market Perform by Keefe Bruyette.

See also:

Stock Downgrades: Weight Watchers Loses the Love Handles After Its Valentine's Day Massacre (MV PRO)

New Stock Coverage: Yelp's Recent Gains Aren't for Real (MV Pro)
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