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Stock Upgrades: Say 'Cheers' to Boston Beer Co Inc


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

Stocks paid appropriate homage to Jacques Cousteau on his birthday, with equities ending uncomfortably underwater amid a rising tide of red ink emanating from the Sea of Japan. (Investors who rode the waves on a Catamaran (CTRX) did admittedly do better, as a broker boost saw it jump 10.95%.)

An utterly disowned Lululemon (LULU) skidded 17.54% on the news its CEO Christine Day is departing, which seems a mite excessive considering Apple Inc. (AAPL) eased off all of 0.23% the day after Steve Jobs died. Far better value in the fruit aisle could be found in a 22.16% surge for banana behemoth Dole Food (DOLE), whose 90-year old David Murdoch has absolutely no intention of expiring until he is at least 125.

Elsewhere, Walt Disney (DIS) scored an analyst upgrade as investors everywhere learned, in the words of its siren song, that is indeed an uncomfortably Small World (After All.)

It's another day without any top-tier economic data, but H&R Block (HRB), Men's Wearhouse (MW), and PVH Corp. (PVH) are all expected to announce earnings.

American Electric Power Company Inc (AEP): The stock is upgraded to Buy from Neutral at Suntrust Robinson Humphrey.

Applied Materials, Inc. (AMAT): Citigroup takes the tech name to Buy from Neutral as current market conditions are more favorable for the firm.

Boston Beer Co Inc (SAM): Citing strength in the company's "Angry Orchard" hard cider offerings, Goldman Sachs gives the brewer a Neutral-from-Sell upgrade.

Bunge Ltd (BG): Piper Jaffray juices its recommendation on the agriculture firm to Overweight from Neutral.

Community Health Systems (CYH): Shares get a Buy-from-Hold boost at Deutsche Bank.

Genuine Parts Company (GPC): GPC gets a Neutral-from-Underperform lift Bank of America-Merrill Lynch.

Lennar Corporation (LEN): Keefe Bruyette hoists the luxury homebuilder to Outperform from Perform.

Peugeot SA ADR (PEUGY): The Citroën owner is upgraded to Equal-Weight from Underweight at Morgan Stanley.

Praxair, Inc. (PX): JPMorgan moves the chemicals name to Overweight from Neutral.

Riverbed Technology, Inc. (RVBD): RVBD is surging 6.4% before the bell after being raised to Buy from Neutral at Lazard.

Royal Bank of Scotland Group plc (ADR) (RBS): Shares are boosted to Overweight from Equal Weight by Barclays.

Spectra Energy Corp. (SE): Morgan Stanley moves the stock to Overweight from Equal-Weight.

Thoratec Corporation (THOR): The medical instruments stock is increased to Outperform from Perform at Raymond James.

(See also: New Stock Coverage: Bob Evans Farms Inc Brings Home the Bacon and Stock Downgrades: Legg Mason, Inc. Carried Out Feet First.)
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