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Stock Upgrades: Rite Aid Is Right On

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

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Da bulls, fresh from ending a Heat streak, just put paid to a similar run of the Knicks. It seems nothing, however, can stop the bulls on Wall Street, with stocks reaching records yet again. Sirona Dental Systems (SIRO) hit the highest level in its history as investors everywhere put their money where their mouth is. Please send some stock options to this poor fellow, pronto. Meanwhile Microsoft (MSFT) fell 4.44% after suffering a horrific Bellini-induced hangover.

Today in economics, we get the University of Michigan's first take on April consumer confidence at 9:55 a.m. Eastern, with business inventories for February following at 10:00 a.m. On the earnings front, JPMorgan (JPM) and Wells Fargo (WFC) are the first big banks to report results this morning.

Home Depot (HD): The Dow (^DJI) member is boosted Buy from Hold at Jefferies.

Pinnacle Entertainment (PNK): Shares are upgraded to Buy from Hold at Deutsche Bank.

Protective Life (PL): The stock is upgraded to Strong Buy from Outperform at Raymond James.

Rite Aid (NYSE:RAD): RAD, up 18.44% yesterday, is today taken to Outperform from Perform at Raymond James.

Vitamin Shoppe (VSI): Shares are upgraded to Outperform from Neutral at Credit Suisse.

(See also: Stock Downgrades: Callaway Golf Stripped of Green Jacket and New Stock Coverage: Tata Motors Had Analyst at 'Hello.')
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No positions in stocks mentioned.
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