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Stock Upgrades: Prayers Answered at Church & Dwight


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

MINYANVILLE ORIGINAL Intercontinental (IHG) may not have merited a mention on a new list of the top 10 locations for extramarital affairs, but shareholders who stayed loyal to the world's largest hotel operator were rewarded with a 6.97% increase. Similarly boosted by impressive earnings was underwear maker Warnaco Group (WRC). After an 11.61% gain we can safely say its stock is on fire but please, don't try this at home. A research recommendation saw recently struggling luggage manufacturer Tumi Holdings (TUMI) climb 23.07% on eight times its usual volume; at the airport and elsewhere what was lost has now been found.

An eerily quiet week in economic data continues, but today's earnings announcements are expected to include Almost Family (AFAM), Carlyle Group (CG), Dean Foods (DF), EchoStar (SATS), Kohl's Corp. (KSS), Liberty Media (LMCA), Macy's (M), Nestlé (NSRGY), Polo Ralph Lauren (RL), and Rio Tinto (RIO).

AK Steel (AKS): CRT Capital raises its recommendation on the commodity company to Buy from Fair Value.

Celanese Corp. (CE): CE is upgraded to Buy from Underperform at Crédit Agricole based on a bottom in acetic acid margins in China among other favorable factors. Its price objective is $52.

Church & Dwight (CHD): The maker of Arm & Hammer, OxiClean, and Trojan condoms gets a Buy-from-Neutral boost at SunTrust.

City Holding Co. (CHCO): Shares are upgraded to Neutral from Underperform at Sterne Agee.

CTC Media (CTCM): The stock is now Buy from Neutral at Bank of America-Merrill Lynch.

CVS Caremark (CVS): Citing increased earnings power, BMO Capital boosts the company to Outperform from Market Perform. The stock is up before the bell as a result.

Gran Tierra Energy (GTE): GTE gets upgraded to Strong Buy from Outperform at Raymond James.

Health Care REIT (HCN): Shares are hoisted to Buy from Hold at Stifel Nicolaus, whose target is $64.

Jack Henry & Associates (JKHY): The company is moved to Outperform from Market Perform with Wells Fargo.

MGE Energy (MGEE): The equity gets moved to Neutral from Underperform by brokerage boutique DA Davidson.

Provident Financial (PROV): Shares are raised to Outperform from Market Perform at Raymond James.

Quicksilver Resources (KWK): KWK is upgraded to Buy from Outperform at Crédit Agricole.

Rackspace (RAX): RAX is upgraded to Buy from Hold at Jefferies, whose target price is $65.

(See also: New Stock Coverage: Tractor Supply Having Fun on the Farm and Stock Downgrades: Fossil Gets Old in a Hurry.)
No positions in stocks mentioned.
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