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: Stars Align for Constellation Brands


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

MINYANVILLE ORIGINAL An eight-year-old met his one billionth buddy, but not one appears to reside on Wall Street, with Facebook (FB) falling a further 3.5% on the week. President Obama startlingly said "I suspect that on Social Security, [Mitt and me] have got a somewhat similar position." Presumably that position is not to let the entire world in on your Social Security number, unlike the CEO of LifeLock (LOCK); it tumbled 10.62% on Friday immediately after its IPO.

Catalonia's current argument for economic independence from Spain gained credence when Barcelona, with two goals from a peerless player who didn't cost a dime, matched Madrid, whose scores came from a star they spent 93 million euros on during the depths of 2009′s financial crisis. Today of course we honor Christopher Columbus, whose journey across the ocean blue saw Spain become a pawn star, so hard up was the country financially. The more things change, the more they stay the same.

No top-tier economic data due today, and both banks and the bond market are closed in Chris' honor. On the earnings front, AngioDynamics (ANGO) reports results.

BlackRock (BLK): BLK gets upgraded to Buy from Neutral at Citigroup, which takes its target up to $220 from $190.

C.H. Robinson Worldwide (CHRW): Shares are now Neutral from Underweight at JPMorgan amid easing cyclical pressures. The target is raised to $65 from $56.

Constellation Brands (NYSE:STZ): The world's largest winemaker, trading at historic highs, gets hoisted to Neutral from Underweight at HSBC Securities.

easyJet (ESYJY): Shares are upgraded to Buy from Hold at Deutsche Bank.

Gilead Sciences (GILD): GILD gets upgraded to Buy from Neutral at Lazard Capital, whose price objective is $89.

Maxim Integrated Products (MXIM): MXIM is moved to Neutral from Underweight at JPMorgan, which credits its high Samsung (SSNLF) exposure. The target is taken to $26 from $23.

MetroPCS (PCS): Shares are upgraded to Outperform from Market Perform by Sanford Bernstein given significant T-Mobile synergies.

Netflix (NFLX): Shares are up before the bell on an upgrade to Overweight from Equal-Weight at Morgan Stanley.

T. Rowe Price (TROW): TROW is taken to Neutral from Sell at Citigroup.

(See also: New Stock Coverage: Cable Guy Keeps Investors Waiting and Stock Downgrades: Facebook Gets Defriended.)
< 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.
Featured Videos