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: Marathon Oil in for the Long Haul

By

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

PrintPRINT
MINYANVILLE ORIGINAL President Obama, who came to office decrying "fat cats," attended a $40,000-per-plate fundraiser. Far healthier for the Aloha State native to have simply gone long shares of Maui Land Pineapple (MLP), up some 3.31%. Or Energizer (ENR), after the Hawaiian Tropic maker jumped 10.75%.

Meanwhile it was a tough day for Mitt but, as someone who did so much to send transatlantic relations up in smoke earlier this summer, he can console himself with the 2.64% increase enjoyed by British American Tobacco (BTI). Today in economics, August existing home sales are announced at 10:00 a.m. Eastern.

In earnings action, Adobe Systems (ADBE), Ascena Retail Group (ASNA), AutoZone (AZO), Bed Bath & Beyond (BBBY), Clarcor (CLC), Cracker Barrel Old Country Store (CBRL), General Mills (GIS), Herman Miller (MLHR), and Steelcase (SCS) are all due to report results.

Achillion Pharmaceuticals (ACHN): Shares get a Buy-from-Neutral boost at Bank of America-Merrill Lynch.

AstraZeneca (AZN): AZN is now Neutral from Underperform by BNP Paribas.

Corning (GLW) The stock is up ahead of the open after getting a Buy-from-Neutral boost at Goldman Sachs.

Fresh Produce: Chiquita Brands (CQB) and Fresh Del Monte (FDP) are both hoisted to Buy from Hold at BB&T Capital.

Golar LNG Partners (GMLP): Shares get upgraded to Outperform from Market Perform with Wells Fargo.

Marathon Oil (MRO): MRO is moved to Outperform from Neutral at Credit Suisse.

Monsanto (MON): Goldman adds the stock to its list of Conviction Buys.

Progressive (PGR): Shares are upgraded to Equal Weight from Underweight at Evercore.

St. Jude Medical (STJ): The medical device maker gets moved to Outperform from Market Perform with Wells amid a stabilizing US ICD market and reduced pipeline expectations. The target is also taken up, to $49.

Vera Bradley (VRA): Shares are upgraded to Overweight from Neutral at JPMorgan.

Webster Financial (WBS): Raymond James raises its recommendation to Strong Buy from Outperform.

(See also: Stock Downgrades: Bed Bath & Beyond Takes a Beating and New Stock Coverage: Sherwin-Williams Set to Paint Town Red.)
< 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