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Stock Upgrades: Facebook Finds a Friend


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

Social networking name Facebook (NASDAQ:FB), whose shares surged 3.30% yesterday, may be set for further strength this morning. It scores a broker boost by an equity analyst who highlights catalysts, including increased mobile monetization and an attractive stock price.
Even amid news of the most expensive divorce in history, love will always win out in the end. US stocks surged after wedding ring king Tiffany (NYSE:TIF) rose 9.15% to a record. They say that American trains -- Amtrak, anyone? -- lack the romance of their European counterparts, but how the mighty have fallen off the rails in France, which once gave us the Orient Express. By contrast, our own CSX Corporation (NYSE:CSX) and Norfolk Southern (NYSE:NSC) are each now at historic highs, an achievement matched only 24 hours earlier by Union Pacific (NYSE:UNP). Fed head Janet Yellen gave a commencement address at Yankee Stadium, and Lloyd Blankfein, whose very first job was selling peanuts and popcorn there, saw his Goldman Sachs (NYSE:GS) advance a Dow (INDEXDJX:.DJI)-best 1.92%. Moving from Mini Me to Tiny Tim, our ex-Treasury Secretary Mr. Geithner -- an extremely intermittent tax payer at best -- may want to finally master TurboTax after its owner Intuit (NASDAQ:INTU) ended up 0.82% following the release of its results.
Today in economics, April leading indicators and existing home sales are each out at 10:00 a.m. EDT. In earnings action, expect announcements out of Aeropostale (NYSE:ARO), Best Buy (NYSE:BBY), Dollar Tree (NASDAQ:DLTR), Hewlett-Packard (NYSE:HPQ), Royal Bank of Canada (NYSE:RBC), and Sears (NASDAQ:SHLD).
Now let's analyze this morning's upgrades, a group encompassing a consulting company as well as our aforementioned Facebook.

Boeing (NYSE:BA): Drexel Hamilton hoists its rating on the blue chip to Buy from Hold.
Booz Allen (NYSE:BAH): There's better news this morning for stock in Edward Snowden's ex-employer, which tumbled 9.18% yesterday. Today the consulting company gets upgraded to Buy from Hold at Stifel, which says organic growth will turn positive over the next 12 to 18 months.
Deutsche Bank (NYSE:DB): Mediobanca moves its fellow financial firm to Neutral from Underperform.
Dr. Reddy's Laboratories (NYSE:RDY): The Indian drug giant gets an Overweight-from-Equal Weight boost by Barclays.
Facebook: Shares are increased to Overweight from Equal Weight at Evercore, whose price objective also increases to $75 from $69.
Nabors Industries (NYSE:NBR): NBR is now Buy from Hold at Jefferies, which takes its target price to $31 from $28.
Reinsurance Group of America (NYSE:RGA): Raymond James raises RGA to Outperform from Market Perform.

Also see:

New Stock Coverage: Verizon Feasts on Tasty Buffett

Stock Downgrades: Scarlett Fever and Red Arrows at SodaStream
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No positions in stocks mentioned.
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