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Stock Upgrades: Twitter Isn't So Birdbrained After All


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

Twitter (NYSE:TWTR) has endured a terrible time of late, with yesterday's 3.74% tumble to a post-IPO low marking the fourth straight slide for this microblogging stock. Shares are arresting the slump this morning, however, as both a broker boost and Barron's shout-out seem to have stemmed some of the lockup expiration-related bleeding.
This week marks the start of the spring auction season, where the art world's current record is a $142.4 million chair. Not bad, but not a patch on our Fed chair, who sent the Dow (INDEXDJX:.DJI) up by triple digits after her session in the hot seat. Janet Yellen, in joking about San Francisco plastic surgeons during the financial crisis, clearly didn't know the half of it as Botox -- invented by a Bay Area doctor -- propelled stellar earnings for its owner Allergan (NYSE:AGN). Iron Mountain (NYSE:IRM), in whose boxes Lehman Brothers lost its life back then, imploded 1.09%. British bank Barclays (NYSE:BCS) bought Lehman's carcass, of course, swooping in after mass layoffs. (The more things change...) Six years ago, it seemed as if the world would end. Indeed, CBS Outdoor Americas (NYSE:CBSO) even advertised as much on a billboard. Good thing it didn't, not least for the company, whose stock gained 1.40% on a broker boost. And, to quote a song from '66, Marissa Mayer was quite literally the Devil With a Blue Dress On as Yahoo (NASDAQ:YHOO) slid a satanic 6.6%.
Today's quarterly earnings announcements include Monster Beverage (NASDAQ:MNST), Priceline (NASDAQ:PCLN), Regeneron (NASDAQ:REGN), and RocketFuel (NASDAQ:FUEL).

Now let's analyze this morning's upgrades, a group that encompasses an upscale jewelry maker as well as our aforementioned Twitter.

AmREIT (NYSE:AMRE): Jefferies juices its rating to Buy from Hold.
Fossil (NASDAQ:FOSL): The watchmaker is now Buy from Neutral at Citigroup.
J.M. Smucker (NYSE:SJM): Goldman Sachs gives the jam-and-jelly giant a Neutral-from-Sell upgrade.
KB Home (NYSE:KBH): KBH gets hoisted to Neutral from Sell at UBS.
Mondelēz International (NASDAQ:MDLZ): Shares in the Oreo owner, which surged 8.18% to a fresh best yesterday, are now Outperform from Neutral at Credit Suisse. Its price objective, previously $35, increases to $42.
OGE Energy (NYSE:OGE): The stock is taken to Buy from Hold at Jefferies. Its target is now $41, up from $38.50.
Quest Diagnostics (NYSE:DGX): Bank of America Merrill Lynch lifts the company to Neutral from Underperform. The objective also increases, by $8 to $58.
Rentokil (OTCMKTS:RTOKY): Shares are raised to Outperform from Underperform by BNP Paribas.
SanDisk (NASDAQ:SNDK): Raymond James raises the tech name to Strong Buy from Outperform.
SolarCity (NASDAQ:SCTY): Shares, jumping 10.04% as we speak, are moved to Overweight from Neutral at JPMorgan.
Tiffany & Co. (NYSE:TIF): Bank of America Merrill takes bling king TIF to Buy from Neutral.
Twitter: Our headline equity is increased to Equal-Weight from Underweight at Morgan Stanley.

Yelp Inc. (NYSE:YELP): Shares are now Overweight from Equal-Weight, again at Morgan Stanley.

Also see:

New Stock Coverage: Del Frisco's Steaks Its Claim

Stock Downgrades: FedEx Finds Good Things Don't Come in Big Packages

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No positions in stocks mentioned.
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