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: Jive Software Set to Jump

By

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

PrintPRINT
MINYANVILLE ORIGINAL Cisco Systems (CSCO) gained 3.15% to top the Dow (^DJI) after Goldman Sachs (GS) added the stock to its list of "Conviction Buys." Speaking of convicts, no one at Goldman will now go to prison for its dealings described as "sh**ty" by a standing US senator. The bank will, however, be heartened by a 4.62% advance that took prison operator Corrections Corp. of America (CXW) to a fresh 52-week peak, especially since it recently plunked down $9.6 million in the sector.

Language-learning software stock Rosetta Stone (RST) slumped 16.22%. That elicited no comment from our globetrotting Secretary of State, last seen dancing at a dinner hosted by South African Foreign Minister Maite Nkoana-Mashabane, but any members of her staff who own the equity will likely want to press the "reset" button.

A distinctly quiet week in economic data concludes with the Treasury's budget for July, out at 2:00 p.m. Eastern. On the corporate front, Bank of Ireland (IRE), Enerplus (ERF), Harman International (HAR), J.C. Penney (JCP), Merrimack Pharmaceuticals (MACK), ThyssenKrupp (TYEKF), and U.S. Energy (USEG) are all due to announce earnings.

AG Mortgage Investment Trust (MITT): Shares are moved to Buy from Neutral at Sterne Agee amid expectations for a dividend. The price target is $24.50.

AllianceBernstein (AB): AB is upgraded to Buy from Neutral at Citigroup.

Broadcom (BRCM): Sanford Bernstein boosts BRCM to Outperform from Market Perform.

Jive Software (JIVE): The stock is higher ahead of the open on a boost to Buy from Hold, with a $20 target, at Needham.

National Financial Partners (NFP): NFP is now Buy from Neutral at Citigroup.

Sanofi (SNY): Shares are upgraded to Outperform from Neutral at Cowen.

Semiconductor Manufacturing (SMI): The microcap is upgraded to Overweight from Neutral at HSBC Securities.

Siliconware Precision (SPIL): Shares are upgraded to Outperform from Market Perform by Sanford Bernstein.

Tim Hortons (THI): THI gets taken to Outperform from Market Perform at BMO Capital.

(See also Stock Downgrades: GlaxoSmithKline Can't Keep Up With The Joneses and New Stock Coverage: Time to Curb Your Enthusiasm on Cisco?)
< 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