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Stock Upgrades: Vail Resorts' Rocky Mountain High


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

MINYANVILLE ORIGINAL PetSmart (PETM) surged 7.77%, pleasing the one-third of Brits who would sooner vacation with Fido than family. Urban Outfitters (URBN), no friend of Navajo nation, advanced 11% but a blonde, blue-eyed Harvard professor who is part Cherokee had no comment, being too busy making teepees out of TARPs. "Dorm" became a dirty four-letter word as Dell Inc (DELL) dropped 16.67% and Facebook (FB) fell 16.5%. This morning in economics, analysts expect an increase in May consumer confidence at 10:00 a.m. Eastern. It's a quiet start to a holiday-shortened week in corporate earnings, with Bank of Nova Scotia (BNS) and Sanderson Farms (SAFM) among today's notable announcements.

Approach Resources (AREX): AREX is upgraded to Neutral from Underperform at Sterne Agee.

ArcelorMittal (MT): Shares are higher this morning after getting upgraded to Overweight from Neutral at HSBC Securities.

Autoliv (ALV): ALV is now Neutral from Sell at UBS.

Broadcom (BRCM): Crédit Agricole boosts BRCM to Outperform from Underperform.

CGGVeritas (CGV): Shares are upgraded to Buy from Neutral at UBS.

ConocoPhillips (COP): Shares are upgraded to Buy from Neutral at Citigroup.

EOG Resources (EOG): The stock is added to the Conviction Buy list at Goldman.

Foot Locker (FL): FL is upgraded to Buy from Hold at Deutsche Bank.

Intersil (ISIL): ISIL is upgraded to Buy from Hold at Needham.

Jack In The Box (JACK): JACK is upgraded to Neutral from Underperform at Wedbush.

L-3 Communications (LLL): LLL is lifted to Perform from Underperform at Oppenheimer.

Monster Beverage (MNST): MNST is moved to Buy from Neutral at Suntrust.

Peabody Energy (BTU): The coal company is upgraded to Buy from Neutral at Goldman.

SAIC Inc (SAIC): Shares are upgraded to Outperform from Market Perform at Raymond James.

Sunesis Pharmaceuticals (SNSS): Shares are upgraded to Outperform from Sector Perform at RBC Capital.

SVB Financial Group (SIVB): Shares are upgraded to Outperform from Neutral at Macquarie.

Terex (TEX): TEX is taken to Outperform from Market Perform at BMO Capital.

Vail Resorts (MTN): MTN is moved to Buy from Hold at Stifel Nicolaus, with a $53 target.

Williams-Sonoma (WSM): The Pottery Barn owner is now Neutral from Sell at Janney Montgomery Scott.

(See New Stock Coverage: Adidas Running on Empty? and Stock Downgrades: Seagate Set to Sink?)
No positions in stocks mentioned.
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