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Stock Upgrades: Bet the Mortgage on Beazer Homes


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

Until someone finally wins that elusive $475 million jackpot, Wall Street will do just fine. Another day, another new record for the Dow (^DJI), though there were still some losers amid the inexorably rising tide in equities. The hedge fund honcho who just called this a "My Cousin Vinny market" must have had Marisa Tomei's memorable Deere (DE) monologue in mind, for the tractor titan suffered a similarly gruesome fate in falling 4.40%.

Trading was also murder on Orient-Express (OEH), which imploded 1.47% even after being boosted by Barron's. It owns the 21 Club, which opened as a speakeasy in 1922, the year The Great Gatsby was set, and moved to its current location in 1929, the year his opulent era came crashing down. Can history repeat? Yes, it Cannes.

This morning in economics, analysts forecast an improvement in May's Philadelphia Fed Index at 10:00 a.m. Eastern. Quarterly earnings announcements continue to roll in, with retailers coming increasingly to the fore. Today's results are expected to include Applied Materials (AMAT), Autodesk (ADSK), Brady Corp. (BRC), Flowers Foods (FLO), JC Penney (JCP), Kohl's Corp. (KSS), Marvell Technology (MRVL), Nordstrom (JWN), Prestige Brands (PBH), TalkTalk Telecom (OTCMKTS:TKTCY), Wal-Mart (WMT), and Zumiez (ZUMZ).

Alcohol Stocks: Beam Inc. (BEAM), Constellation Brands (STZ), and Molson Coors Brewing (TAP) ($60 target price) all get Buy-from-Hold boosts at Stifel.

Beazer Homes USA (NYSE:BZH): The stock is boosted to Buy from Fair Value with a $29 price objective at CRT Capital. Operational improvements and better market conditions each augur well, the broker believes.

Con-way (CNW): The transportation company gets a Hold-from-Underweight hoist at BB&T Capital.

First Busey (BUSE): Keefe Bruyette raises the regional bank to Market Perform from Underperform.

Ford Motor (F): Amid an improvement in the car company's European operations, Craig-Hallum boosts the stock to Buy from Hold.

Galaxy Entertainment (OTCMKTS:GXYEY): Shares get juiced to Hold from Sell at Jefferies after earnings.

Palo Alto Networks (PANW): Morgan Stanley moves the stock to Overweight from Equal-Weight, sending it up ahead of the open.

Rosetta Resources (ROSE): Shares are lifted to Outperform from Market Perform with Wells Fargo.

SunPower (SPWR): Shares are upgraded to Outperform from Neutral at Cowen.

ThyssenKrupp (OTCMKTS:TYEKF):The German conglomerate gets upgraded to Buy from Hold at Société Générale.

(See also: New Stock Coverage: Stillwater Pockets Run Deep and Stock Downgrades: SodaStream Up Creek Without Paddle?)
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No positions in stocks mentioned.
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