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Stock Upgrades: Coinstar Set to Go Ka-Ching?

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

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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'.)
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.

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