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Stock Upgrades: American Eagle Can Fly High

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

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Shares surged, thanks to a free sugar rush provided by a bearded baby boomer named Ben, the ill effects of which will only become apparent later on. But enough about Mr. Cohen. It was the market-friendly comments of Mr. Bernanke at a Fed Conference in Georgia that sent stocks to new records. Among equities hitting lifetime highs was CVS Corp (CVS) - worth the wait for investors if not employees. Microsoft (MSFT) bested all blue chips after complaining to European Union antitrust types it is being victimized by the monopolistic tendencies of Google (GOOG). (Mr. Pot, paging Mr. Kettle.)

Today at 2:00 p.m. Eastern the Federal Open Market Committee releases minutes to its March 19-20 meeting. In earnings activity, Bed Bath & Beyond (BBBY), Carmax (KMX), Constellation Brands (STZ), Family Dollar (FDO), Fastenal (FAST), and Ruby Tuesday (RT) are all due to report results.

Air France-KLM (PINK:AFLYY) A Buy-from-Reduce boost by Kepler Capital Markets is sending shares sharply higher in today's European trading.

American Eagle Outfitters (NYSE:AEO): Piper Jaffray juices the clothing company to Overweight from Neutral.

AmerisourceBergen (ABC): ABC is increased to Buy from Neutral at Goldman Sachs.

CYS Investments (CYS): Shares get moved to Outperform from Market Perform by Keefe Bruyette.

EasyJet (PINK:ESYJY): The recently surging low-cost carrier is up again in London this morning after Citigroup raised rating to Buy from Hold.

GDF Suez (PINK:GDFZY) Morgan Stanley gives the French energy firm an upgrade to Equal Weight from Underweight.

Pacific Sunwear of California (PSUN): The stock is now Overweight from Neutral at Piper Jaffray.

Siemens (SI): BNP Paribas upgrades the giant German conglomerate to Neutral from Underperform.

SunPower (SPWR): SPWR gets a Buy-From-Hold hoist at S&P Capital IQ.

(See also: New Stock Coverage: Churchill Downs Would Make Maggie Proud and Stock Downgrades: Hospital Stocks Back in Emergency Ward.)


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.

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