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Stock Upgrades: Money Never Sleeps at Marissa Mayer's Yahoo


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

Yahoo's (NASDAQ:YHOO) Marissa Mayer is taking much heat for having overslept on the south of France, yet her stock may be set to awake from its slumber. This as influential Piper Jaffray (NYSE:PJC) analyst Gene Munster raises his rating on the tech titan. Munster is sending Yahoo stock up some 1.46% this morning after he characterized its investment in Chinese e-commerce company Alibaba as undervalued.
With the happiest country in the world winning again on the fútbol field and Pharrell's famous song similarly cleaning up, investors adopted Bobby McFerrin's mantra. Even as Iraq imploded, "Don't Worry, Be Happy" was the byword as S&P 500 (INDEXSP:.INX) shares barely blinked.
(Certainly Facebook (NASDAQ:FB), up 4.8% on the week, is in an especially good mood but then again they are probably just messing with our emotions.)

Some say we should ditch the Gross Domestic Product for a happiness index, and that idea gained considerable currency after our first quarter "growth" rate tumbled to minus 2.9%. The contraction was apparently entirely all due to woeful winter weather, which will be news to our Canadian cousins who saw their economy gain 1.2% in the same time frame. 

Analyst hosannas sent Nike (NYSE:NKE) up a Dow (INDEXDJX:.DJI)-best 3.4%. The company is named for the Greek goddess of victory, but a 91st-minute goal from Athens' own Sokratis Papastathopoulos -- a mouthful even for Luis Suárez -- failed to help her Hellenic heroes overcome Costa Rica. As the shoulder-chewing star puts his teeth back together he can console himself with a 7.50% advance in Align Technology (NASDAQ:ALGN), maker of invisible braces.

After losing to Germany, Team USA was grateful to a goal from Portugal's Ronaldo, whose before-and-after dental work is truly a thing to behold. Elsewhere, Ann Coulter said soccer is a sissy sport. As opposed to the big buff dudes of American football, whose star quarterback is a girly man endorser of Ugg boots. As ever, however, Tom Brady enjoyed the last laugh after his beloved Deckers Outdoor (NYSE:DECK) gained 7.19%.
In economic data today, May pending home sales are expected to tick up from April's pace at 10:00 a.m. E.D.T.

Now let's analyze this morning's research recommendations, a group encompassing a couple of railway stocks as well as our aforementioned Yahoo.

Amedisys (NASDAQ:AMED): Deutsche Bank hoists the stock to Hold from Sell.
Canadian National Railway (NYSE:CNI): Shares get an Overweight-from-Equal Weight boost by Barclays.
Charter Communications (NASDAQ:CHTR): Evercore increases its investment assessment to Overweight from Equal Weight. Its price objective is $180.
CoStar Group (NASDAQ:CSGP): The stock is moved to Outperform from Market Perform at JMP Securities.
Dreamworks Animation (NASDAQ:DWA): Piper Jaffray juices its recommendation to Neutral from Underweight with a $22 target price.
KLA-Tencor (NASDAQ:KLAC): The tech name is now Buy from Neutral at B. Riley & Co.
Micron (NASDAQ:MU): Credit Suisse adds the tech stock to its Focus List of favored equities, sending it up ahead of the open.
Norfolk Southern (NYSE:NSC): Barclays raises the railroad equity to Overweight from Equal Weight with a $112 target.
TransCanada (NYSE:TRP): TRP is taken to Buy from Neutral at Citigroup.
Yahoo: Today's headline stock is now Overweight from Neutral at Piper Jaffray. The price objective, previously $37, increases to $43.
Wet Seal (NASDAQ:WTSL): Brokerage boutique B. Riley raises the retailer to Neutral from Sell.

Also see:

Stock Downgrades: Bebe About to Take a Bath

New Stock Coverage: If Only Jeff Bezos Had Invested in DaVita 

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