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: American Water Works Will Make You Liquid


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

On Ascension Day, stocks fell for the first time in six sessions. An unloved Monster Beverage (MNST) plunged 5.20% for the S&P 500′s (^GSPC) poorest performance. It makes Peace Tea but the trigger-happy fared even worse, with World of Warcraft propelling a 5.70% implosion in Activision (ATVI).

Baseball card behemoth Collectors Universe (CLCT) surged 9.36%, this as the world was again reminded that O.J. Simpson literally got away with murder but was sent to the slammer for stealing sports memorabilia.

A quiet week in economic data concludes with no top-tier data due on today's docket. In earnings action, ArcelorMittal (MT), BT Group (BT), GoldFields (GFI), Nissan Motor (OTCMKTS:NSANY), Panasonic (OTCMKTS:PCRFY), Student Transportation (STB), and UniCredit (OTCMKTS:UNCFF) are all expected to announce results.

American Water Works (NYSE:AWK): A second upgrade in 24-hours for the firm, which finished at a fresh peak on yesterday's broker boost. This morning Citigroup moves the stock to Buy from Neutral.

Arkansas Best (ABFS): Shares are now Buy from Neutral at Citigroup.

Becton Dickinson (BDX): The stock gets moved to Outperform from Neutral at Macquarie.

Boston Scientific (BSX): A robust product pipeline prompts Wells Fargo to move the medical device maker to Outperform from Market Perform.

BT Group (BT): Shares of the British telecom titan are surging 12.04% to a half decade high in London as we speak, with impressive earnings and a dividend increase occurring in tandem with a Buy-from-Neutral boost at Bank of America-Merrill Lynch. Its analysts wrote in a note that "BT now looks to be within striking distance of its ambition to return to top line growth."

Edison International (EIX): The electric utility is now Buy from Neutral at Citigroup, which sees a more compelling valuation following yesterday's 2.66% tumble.

Forest Oil (FST): Stifel hoists the stock to Buy from Hold.

Granite Construction (GVA): GVA gets upgraded to Neutral from Sell at Goldman Sachs.

Park Electrochemical (PKE): Shares are upgraded to Buy from Hold at Needham, whose target is $27. Solid earnings and an improved cost structure are each cited as catalysts.

Red Robin Gourmet Burgers (RRGB): The stock is raised to Buy from Neutral at Northcoast.

Stoneridge (SRI): Shares are upgraded to Buy from Hold at BB&T Capital Markets.

TECO Energy (TE): TE is taken to Buy from Hold with Williams Capital Group.

(See also: New Stock Coverage: Frozen Smiles All Around at Allergan and Stock Downgrades: Dean Foods Cries Over Spilled Milk.)
< 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