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Stock Upgrades: Adobe About to Jump on Acrobat


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

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.)
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