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Stock Upgrades: Coinstar Set to Go Ka-Ching?


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

MINYANVILLE ORIGINAL On the day Gordon Gekko turned 25 Tumi Holdings (TUMI) - whose luxury luggage the fugitive put his psychological baggage in upon being released from prison - jumped 4.73% after being rated a, well, "Conviction" Buy at Goldman Sachs (GS). The "greed-is-good" guru once tried to break up Bluestar Airlines but would have been better served by simply buying Delta Air Lines (DAL) since it surged some 5.13% after acquiring a 49% stake in Virgin Atlantic. (Delta already has a joint venture with Alitalia - aka "Always Late In Takeoff And Late In Arriving" and Air France (PINK:AFLYY) - aka "Air Chance" - so hopefully this will be third time lucky.)

Molycorp (MCP), up 5.89% during the day, fell 5.91% after-hours on news it appointed Constantine Karayannopoulos as interim CEO, investors apparently concerned he may be Greek.Today at 12:30 p.m. Eastern the Federal Open Market Committee announces its decision on interest rates, and Fed head Ben Bernanke holds a press conference at 2:00 p.m. In corporate earnings action, Costco (COST), Joy Global (JOY), and Restoration Hardware (RH) are all due to report results.

ABM Industries (ABM): Shares are upgraded to Buy from Hold at Keybanc.

Alnylam Pharmaceuticals (ALNY): Citing upcoming trial data catalysts as well as partnering opportunities in 2013, Piper Jaffray juices its recommendation to Overweight from Neutral and also increases its price objective by $6 to $25.

Anglo American (AAUKY): Shares of the commodity company are trading higher in London today after an Equal Weight-from-Underweight boost by Barclays.

Coinstar (NASDAQ:CSTR): Shares are upgraded to Outperform from Market Perform at Northland, which says RedBox rental trends are improving significantly from summer lows. The target is $62.

Prosperity Bancshares (PB): Shares are upgraded to Outperform from Neutral at Robert W. Baird.

Sterling Bancorp (STL): The stock is upgraded to Market Perform from Underperform at BMO Capital.

Take-Two Interactive Software (TTWO): The video game giant, whose offerings include Rockstar and Grand Theft Auto, is now Overweight from Neutral at Piper Jaffray.

Towers Watson (TW): TW is taken to Outperform from Perform at Robert W. Baird.

3D Systems (DDD): Shares are now Neutral from Underweight at JPMorgan.

(See also: Stock Downgrades: FedEx Check Goes Missing In Mail and New Stock Coverage: Ugg Owner Deckers Outdoor Looking 'Bootiful'.)
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