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: Sherwin-Williams Prepares to Paint Town Red, Tape Green

By

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

PrintPRINT
The National Geographic Channel is currently reminiscing about the '80s but last week it seemed like Maggie and Ron had never really left us, even as the former sadly did. (Ron being not the Gipper but rather Mr. Johnson, whose belated firing by Bill Ackman failed to stop JC Penney (JCP) falling a further 5.4% even as the S&P 500 (^GSPC) rose 2.2% to new highs.)

While the world mourned an Iron Lady, Active Network (ACTV) surged some 16% after inking a three-year deal with Ironman. Leonard Lauder - coiner of the "Lipstick Index" and Estée's (EL) son - saw his stock hit its highest level ever, and promptly gave away a billion bucks. (If only Apple Inc. (AAPL) would display similar largesse with its cash hoard.) This as lipstick was profitably put on a PIIG, with markets in Portugal gaining 5.1% and the benchmark index in Athens advancing 13%.

No top-tier economic data due today but the first full week of earnings season starts with a financial flair, as Charles Schwab (SCHW), Citigroup (C), First Republic Bank (FRC), and M&T Bank (MTB) are all expected to report results.

Anglo American (PINK:AAUKY): The mining giant, which also owns an 85% stake in South African diamond giant De Beers, is now Neutral from Underweight at JPMorgan.

Chipotle Mexican Grill (CMG): Shares are up ahead of the open after getting a Buy-from-Neutral boost at UBS and an Outperform-from-Neutral increase with Wedbush.

Dentsply (XRAY): Citigroup raises the maker of myriad products including topical fluoride and artificial teeth to Buy from Neutral.

Gold Fields (GFI): GFI gets a Neutral-from-Sell upgrade at Citi.

Greenbrier Companies (GBX): Longbow lifts the stock to Buy from Neutral.

JC Penney (JCP): The beleaguered retail name is now Buy from Neutral at Buckingham Research.

Patterson Companies (PDCO): The dental supply outfit gets upgraded to Cautious from Sell at ISI Group, which also takes its target price up by $3 to $35. A more compelling valuation, allied to its dividend yield, and stock buyback, are all cited as catalysts.

Sherwin-Williams (NYSE:SHW): The paint powerhouse, up 46.41% in the past year, gets upgraded by both Morgan Stanley (Overweight from Equal Weight) and Nomura (Buy from Neutral).

Under Armour (UA): Upgraded to Positive from Neutral at Susquehanna.

(See also: New Stock Coverage: Software Stocks Got You Down? Try Restoration Hardware and Stock Downgrades: It's Open Season on OpenTable.)
< 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