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: TripAdvisor, Sprint, and Crocs


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

As the sign says, "Leaving Brooklyn? Fuhgeddaboudit," for you can never escape the reach of New York's most populous borough. If Monday was all about its prodigal son Carl Icahn, on Tuesday, native daughter Janet Yellen took center stage to send the Dow (INDEXDJX:.DJI) up by triple digits with her market-friendly testimony. (To be fair to their northern neighbors, Ogden Nash was a little harsh in saying "The Bronx? No Thonx!" Indeed Ralph Lauren (NYSE:RL), born right by the House That Ruth Built, saw his stock advance 1.00% on an analyst upgrade. And a Yankee spent about $200,000 for his own Dreamliner, sending Boeing (NYSE:BA) up an impressive 2.36%.) On an enormous up day, AOL Inc. (NYSE:AOL), whose Tim Armstrong is already in hot water for throwing the "distressed baby" out with the bathwater, gave back another 1.46%. This as he interviewed an "adorable 10-year-old girl" at a conference for the fair sex. Ten years old? Pleeze, that's already over the hill. At that age the late, great Shirley Temple had bested Clark Gable at the box office for four years running, so Baby,Take a Bow. Tesla Motors (NASDAQ:TSLA) hit a historic high, briefly breaking above $200 for the first time ever. This earned Elon Musk a state dinner only hours later. An honor, one suspects, he would never have received had Barack been beaten by Mitt. At said state dinner the leader of the land of love, beginning his new life as a bachelor, dined alone but who says one is the loneliest number? Single-serve java giant Green Mountain Coffee Roasters (NASDAQ:GMCR) just jumped 7.65% to an all-time high. Romantics, of course, assure us, "A rose by any other name would smell as sweet." Which is something that Kazakhstan - clearly taking its cue from Borat - would do well to remember. No matter; hometown hero Kazakhmys (LON:KAZ) increased 18% after a currency devaluation.

Today in economics, the Treasury releases its January budget report at 2:00 p.m. Eastern. In earnings action, expect announcements out of Applied Materials (NASDAQ:AMAT), Cisco Systems (NASDAQ:CSCO), Total (NYSE:TOT), and Zillow (NASDAQ:Z).

comScore (NASDAQ:SCOR): Shares, which surged 11.51% yesterday, are today taken to Outperform from Market Perform with a $40 price objective at Northland Securities. Catalysts include the company's long-term, and exclusive, partnership with Google (NASDAQ:GOOG).

Crocs, Inc. (NASDAQ:CROX): Piper Jaffray juices the owner of colorful plastic clogs to Overweight from Neutral.

Smith & Nephew (NYSE:SNN): The stock gets a Buy-from-Hold hoist at Deutsche Bank.

Sprint (NYSE:S): Deutsche Bank boosts the stock, which advanced an impressive 2.73% on Tuesday, to Buy from Hold.

TripAdvisor (NASDAQ:TRIP): Shares, trading up today after announcing earnings, get an unusual 180 degree (Outperform from Underperform) upgrade at RBC Capital. The prospect of improved click-based advertising growth is cited, and its target price is also taken up, to $95 from $68.
Veeco Instruments (NASDAQ:VECO): The stock is now Outperform from Neutral at Credit Suisse. Its price objective, previously $30, increases by $20.
Waste Connections (NYSE:WCN): BB&T Capital Markets moves the equity to Buy from Hold.

Zoetis (NYSE:ZTS): Shares, which tumbled 6.45% even in yesterday's stellar session for equities, are moved to Outperform from Perform with William Blair.

See also:

Stock Downgrades: For, Being Called Is No Joke

New Stock Coverage: Regeneron Is Off to the Races
< 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.
Featured Videos