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Stock Upgrades: LinkedIn Set for Career Year?

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

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MINYANVILLE ORIGINAL On International Day of the Girl Child, a wee lassie at Wendy's (WEN) got her first makeover in 30 years, but an Old Gray Lady dominated the day, with the New York Times (NYT) adding on 3.71% to finish at a fresh 52-week peak. A palm tree photobombed, but money trees sprouted at photo firm Shutterstock (SSTK), which surged 27.41% after its IPO did anything but bomb.

Bill Gates has chosen to hide out the fiscal cliff - and a horrific landslide in the PC industry - with his 15 million snapshots at Iron Mountain (IRM). A smart move, as it rose 4.69% to a new high. Harry Winston (HWD) climbed 2.91% on news a "diamond planet" has just been discovered, and not a minute too soon since Jennifer Aniston's engagement ring just depleted Earth's entire inventory.

Today in economics, analysts expect the University of Michigan's preliminary October consumer sentiment survey to show a slight slippage at 9:55 a.m. Eastern. In earnings action, DiamondRock Hospitality (DRH), JPMorgan (JPM), KMG Chemicals (KMG), Webster Financial (WBS), and Wells Fargo (WFC) are all due to report results.

Aon (AON): The insurance broker gets upgraded to Buy from Neutral at Goldman Sachs.

Borg Warner (BWA): Citigroup gives a Buy-from-Neutral boost to BWA.

Coca-Cola Hellenic Bottling (CCH): Shares are sharply higher before the bell on an upgrade to Overweight from Neutral at JPMorgan.

Dean Foods (DF): America's largest dairy producer is upgraded to Buy from Hold at Stifel Nicolaus to reflect potential value creation from the company's announced split-off. Its price objective is $18.

LinkedIn (NYSE:LNKD) The social networking site for professionals and job seekers is increased to Overweight from Equal Weight at Evercore.

3D Systems (DDD): Impressed by strong demand for its 3D printers, Piper Jaffray juices its recommendation to Neutral from Underweight. The price objective is also increased by $11 to $35.

Wal-Mart (WMT): The Dow (^DJI) member gets a Buy-from-Hold boost at Jefferies, which cites the continuation of upward earnings revisions. The firm also takes its target up by $14 to $88.

(See also: Stock Downgrades: Coal Companies Cool Off and New Stock Coverage: General Electric Gets Power Jolt.)
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.

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