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Stock Upgrades: Check Is in the Mail at FedEx

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

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MINYANVILLE ORIGINAL The GOP candidate refuses to borrow from China to pay for Big Bird, but Beijing bought plenty of poultry from KFC owner Yum Brands (YUM), which jumped 8.04% after announcing a 22% increase in its Sino operating profits. Clearly Colonel Sanders is currently clobbering General Tso. Lindsay Lohan's remarkable Midas touch in all things economics, alluded to yesterday, continued apace. The big believer in True Religion Apparel (TRLG) saw that stock surge 22.37% to top the Nasdaq (^IXIC). This as her Herbie parent Volkswagen (VLKAY) rode an analyst upgrade to end higher on an otherwise horrific day in equities. Henry Ford once famously said customers could have his cars in any color so long as it was black - something Adolf Hitler, who called the automotive pioneer his "inspiration," evidently bought into for his own Beetle - but white was just officially declared the world's favorite car color. Henry Ford equally famously declared "history is bunk" and Apple (AAPL), supposedly unbeatable in October, has learned the wisdom of those words to its cost this month, even if it did finally snap a four session skid.

Today's earnings announcements are due to include Bank of the Ozarks(OZRK), Cantel Medical (CMN), Fastenal (FAST), Safeway (SWY), Winnebago Industries (WGO), and Zep Inc (ZEP).

American Campus Communities (ACC): Janney Capital juices its recommendation to Buy from Neutral with a $48 price objective. It sees the current valuation as compelling.

Banner Corp. (BANR): Keefe Bruyette boosts the company to Outperform from Market Perform and increases its price objective by $8, to $33.

BAE Systems (BAESY): Shares of the aerospace and defense giant are getting a boost in London trading today after being taken to Neutral from Underperform by BNP Paribas.

European Aeronautic Defence & Space Co. (EADSY): Deutsche Bank hoists the stock to Buy from Hold.

FedEx (NYSE:FDX) Shares, up sharply in yesterday's down market, are boosted to Buy from Hold this morning at Standpoint Research, whose price objective is $130. It says the cost cutting measures the company announced were very significant and a game changer.

Heartland Payment Systems (HPY): HPY is hoisted to Outperform from Market Perform at Raymond James.

(See also: Stock Downgrades: Caterpillar in the Doghouse and New Stock Coverage: Oil's Well That Ends Well at Exxon.)
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No positions in stocks mentioned.
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