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Stock Upgrades: Stars Align for Constellation Brands

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

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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.)
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No positions in stocks mentioned.
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