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: Adobe About to Jump on Acrobat

By

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

PrintPRINT
Not a bad Hump Day, unless you happen to be of the Parisian persuasion. And even there, investors could console themselves with an analyst-related 6.26% surge in hometown hero Air France-KLM (PINK:AFLYY). Communist comedian Karl Marx must be in mourning at all the adulatory press the dearly departed Margaret Thatcher is getting but, to quote his more serious cousin Groucho, it was a suitably Churchillian Day at the Races for thoroughbred Churchill Downs (CHDN), which rode bullish research to rise 4.48% en route to the highest level in its history. England's Iron Lady was famous for saying that "The cocks may crow, but it's the hen that lays the egg." Alas yesterday Cal-Maine Foods (CALM), America's largest purveyor of such products, plunged 1.42% on an otherwise record session in equities.

Today's quarterly earnings announcements are due to include Commerce Bancshares (CBSH), JB Transport Services (JBHT), Pier 1 Imports (PIR), Rite Aid (RAD), and Roche Holding (PINK:RHHCY).

Adobe Systems (NASDAQ:ADBE): The maker of Acrobat at Flash is now upgraded to Neutral from Sell at Goldman Sachs.

Boyd Gaming (BYD): Morgan Stanley moves the stock to Overweight from Equal-Weight.

Lam Research (LRCX): LRCX gets lifted to Outperform from Neutral at Cowen.

Quest Diagnostics (DGX): Shares are now Buy from Neutral at Goldman.

Sterling Bancorp (STL): The stock is upgraded to Outperform from Perform at Keefe Bruyette.

Toll Brothers (TOL): TOL is taken to Neutral from Negative at Susquehanna.

(See also: New Stock Coverage: Xerox Is Reproducing Its Glory Days and Stock Downgrades: Heather Bellini Says Microsoft's Champagne Era Is Over.)
< 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.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE