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Stock Upgrades: Starbucks Brings In Big Bucks


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

MINYANVILLE ORIGINAL Brazil's GOL Linhas Aereas (GOL), which takes its name from the throaty celebration favored by some Latin American soccer commentators, fell 8.37% to a fresh 52-week low. Fútbol-loving topless Ukrainian feminists are apparently to blame for the naked short sales. Elsewhere EDGAR Online (EDGR) was the Nasdaq's top stock, up an even 50.00%. It provides investors with access to insider trades, institutional holdings, and SEC filings. The sort of mundane material that - had it been adequately studied along with other kinky little things like cash flow which Facebook (FB) sadly lacks - might have saved shareholders of the social network an awful lot of grief. The world's tallest tower opened in Tokyo, looking like a monumental testament to hubris on the day Fitch downgraded Japan. Food, specifically Teriyaki Chicken and Hibachi Tuna Steak, for thought even if Benihana (BNHN) subsequently jumped 21.20%. The 18th European Union crisis summit takes place today in Brussels and this time, by golly, they really mean it. On this side of the Atlantic, analysts expect an increase in April new home sales at 10:00 a.m. Eastern. In earnings action, American Eagle Outfitters (AEO), Burberry (BURBY.PK), Eaton Vance (EV), Hewlett-Packard (HPQ), Hormel Foods (HRL), NetApp (NTAP), PVH Corp (PVH), Synopsys (SNPS), Toll Brothers (TOL) and Zale (ZLC) all due to report results.

Aeropostale (ARO): ARO is upgraded to Outperform from In-line at Imperial Capital, which takes its target up to $23 from $22. Catalysts include a strong brand with healthy growth opportunities over the long term, including the roll-out of its P.S. from Aeropostale concept.

Blackstone Group (BX): BX is boosted to Buy from Neutral at Sterne Agee on account of an increasingly compelling valuation. Its objective is $18.

Bunge (BG): BG gets upgraded to Outperform from Market Perform at BMO Capital.

Carrefour (CRRFY.PK): Shares in the French retailer are surging in Paris this morning on an unusual 180 degree Outperform-from-Underperform upgrade at Credit Suisse, which also lifted its price objective to €17.50. "The catalyst is the arrival of new CEO Georges Plassat," its analyst wrote in a note.

Employers Holdings (EIG): EIG is upgraded to Outperform from Market Perform at JMP Securities.

Grupo Televisa (TV): TV is taken to Overweight from Neutral at JPMorgan.

IntercontinentalExchange (ICE): ICE is upgraded to Buy from Hold at Deutsche Bank.

Lifepoint Hospitals (LPNT): Auriga lifts LPNT to Buy from Hold.

Semiconductor equipment: Goldman Sachs increases Applied Materials (AMAT) to Neutral from Sell and takes Teradyne (TER) to Buy from Neutral.

Starbucks (SBUX): Shares are higher ahead of the open after Bank of America-Merrill Lynch lifted the coffee company to Buy from Neutral.

Warnaco Group (WRC): The maker of Speedo and Chaps is upgraded to Buy from Hold at Brean Murray.

Williams Partners (WPZ): WPZ is upgraded to Outperform from Market Perform with Wells.
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No positions in stocks mentioned.
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