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Stock Upgrades: AMC Networks Is No Dead Man Walking


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

If it's any consolation for those Syrian camels currently cowering in the desert, Hump Day did see the Dow (INDEXDJX:.DJI) score its first increase of the week. With D-Day for Damascus apparently still up in the air, Vestas Wind Systems (OTCMKTS:VWDRY) - based in indecisive old Hamlet's home country of Denmark - surged some 5.11%. That was an especially nice touch, as Bob Dylan's civil rights anthem "Blowin' in the Wind" was released in August 1963, a month that was much on our minds yesterday. Not all enjoyed the rising tide, with Gillette owner Procter & Gamble (NYSE:PG) plunging 1.44% to lead blue chip laggards. Caught between unshaven Brooklyn hipsters and decidedly un-hip hirsute dudes down south, the company currently can't catch a break. Elsewhere, Bank of England Governor Mark Carney addressed business leaders in Nottingham, heartland of Robin Hood. However, it seems that these days there is no longer a need to steal from the rich, as the poor have apparently already inherited the Earth.

In today's corporate earnings action, Campbell Soup (NYSE:CPB), JA Solar (NASDAQ: JASO), Krispy Kreme Doughnuts (NYSE:KKD), L'Oréal (OTCMKTS:LRLCY), Pall Corp (NYSE:PLL), Pernod Ricard (OTCMKTS:PDRDY), (NYSE:CRM), Signet Jewelers (NYSE:SIG), Splunk (NASDAQ:SPLK), Vivendi (OTCMKTS:VIVHY), and WPP Plc (OTCMKTS:WPPGF) are all due to release results.

AMC Networks Inc (NASDAQ:AMCX): The broadcaster of shows such as Mad Men and Breaking Bad gets a Buy-from-Neutral boost at B. Riley & Co. In the broker's estimation, a 15% plunge in the stock price since its August 8 earnings provides investors with an attractive entry point, especially ahead of catalysts including season four of The Walking Dead.

Cash America International, Inc. (NYSE:CSH): FBR Capital moves the pawnbroker to Outperform from Market Perform, in the process increasing its price objective to $50. Catalysts include accretive acquisitions and an uptick in online domestic lending.

Entergy Corporation (NYSE:ETR): The electric utility gets upgraded to Buy from Neutral at ISI Group.

Infosys Ltd (NYSE:INFY): Macquarie moves the Indian outsourcing and information technology name to Outperform from Neutral.

Mohawk Industries, Inc. (NYSE:MHK): Raymond James moves the floor coverings firm to Strong Buy from Outperform.

Semiconductor Manufacturing International (NYSE:SMI): Sanford Bernstein boosts the Chinese chip stock to Market Perform from Underperform.

US Physical Therapy, Inc. (NYSE:USPH): The stock is now Buy from Hold at Noble Financial.

Wolseley plc (OTCMKTS:WOSYY): The Swiss plumbing products powerhouse is increased to Buy from Neutral at Citigroup.

(See also: Stock Downgrades: Rotten Tomatoes for The Fresh Market and New Stock Coverage: Stock Up on Sovran Self Storage)
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