Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Upgrades: Goldman's a Gold Mine

By

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

PrintPRINT
MINYANVILLE ORIGINAL The ties that bind President Obama and House Speaker John Boehner, although not immediately apparent from this photo, were enough to send stocks up by the most in a month as the two leaders met for 45 minutes at the White House. Among stocks hitting all time highs were General Mills (GIS), which makes the Swedish-sounding but Bronx-born Häagen-Dazs, and Nicholas Financial (NICK), which should please St. Nick as he starts checking off who has been naughty and nice from the North Pole.

Reindeers were rushing into Caribou Coffee (CBOU), the stock gaining 30.68% after being bought by an investment outfit in Germany, inventors of the modern Christmas. Leaving milk and cookies out on December 24 should prove more profitable after dairy producer Dean Foods (DF) advanced 1.03% on an upbeat analyst initiation. And should Santa prefer something stronger, he'll be happy to see Polish vodka purveyor Central European Distribution (CEDC) surge 11.56%.

Today's earnings announcements are expected to include Apogee Enterprises (APOG), FactSet Research (FDS), Heico (HEI), Jefferies Group (JEF), Learning Tree (LTRE), Oracle (ORCL), and Sanderson Farms (SAFM).

Ctrip.com International (CTRP): Macquarie moves the Chinese Internet outfit to Outperform from Neutral with a $25 target. The broker believes revenues and earnings have both bottomed, and that the country's online travel sector is poised to enjoy impressive secular growth in upcoming years.

Duke Energy (DUK): Shares are upgraded to Buy from Hold at Deutsche Bank.

Goldman Sachs (NYSE:GS): GS gets upgraded to Positive from Neutral at Susquehanna, which also takes its target up to $149 from $127. Catalysts fixed income benefits from potential rising rates following any fiscal cliff resolution.

Horizon Technology (HRZN): Shares are upgraded to Outperform from Market Perform at Wells Fargo.

Spreadtrum Communications (SPRD): Bank of America-Merrill Lynch lists the stock to Neutral from Underperform.

(See also: New Stock Coverage: Sirius Radio Dials Up Dollars and Stock Downgrades: Life's Not Good for LG Display.)
< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE