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Stock Upgrades: The Walt Disney Company Tries to Engineer a Turnaround Tuesday


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

Rainy Days and Mondays combined to bring the Dow (^DJI) down, despite the best efforts of its key component Travelers (TRV) - longtime logo: an umbrella - to enliven proceedings with a $1.1 billion acquisition. On a day of drenching downpours and a flood watch in New York, shares slipped to start the week. At least fellow blue chip McDonald's (MCD) - whose original clown knew all about wicked weather - bucked a bad tape to rise 1.27% as April showers resulted in strong May sales at the burger behemoth.

AT&T Inc. (T), also in the Dow, advanced 1.52% on an broker boost. At the turn of the millennium, an analyst who has recently resurfaced tried to buy a pricey nursery school spot for his children with bullish comments on the telecom titan. That was an altogether more quaint and innocent age on Wall Street, however. Now the comparably rich kids of Instagram sell their soul in real time. Still, whatever works, as optimism over the monetization of the photo-sharing service saw a similarly upgraded Facebook (FB) surge 4.46%.

Today in economics, April wholesale inventories are out at 10:00 a.m. Eastern. On the earnings front, Medical Action (MDCI), Prada (PRDSY), and Ulta Salon, Cosmetics & Fragrance (ULTA) are each expected to report results.

AmerisourceBergen Corp. (ABC): Leerink lifts the stock to Outperform from Market Perform.

Catamaran Corp (USA) (CTRX): Shares, surging some 14% as I write on a decade-long deal with Cigna (CI), are increased to Outperform from Perform at CIBC World Markets.

Fly Leasing Ltd (ADR) (FLY): Citigroup raises its recommendation to Buy from Neutral.

Infineon Technologies AG (ADR) (IFNNY): The stock gets a Buy-from-Neutral boost at Citi.

Navistar International Corp (NAV): NAV is now Market Perform from Underperform at BMO Capital.

The Walt Disney Company (DIS): Yesterday's poorest Dow (^DJI) performer will hope for a Tuesday turnaround after getting moved to Outperform from Neutral at Macquarie.

(See also: New Stock Coverage: Time to Shop at Casey's General Stores and Stock Downgrades: Dark Day for Lululemon.)
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