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Stock Upgrades: American Eagle Can Fly High


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

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.)

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No positions in stocks mentioned.
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