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Stock Upgrades: Wynn Resorts Can't Lose


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

MINYANVILLE ORIGINAL Mitt Romney celebrated formally clinching the GOP nomination by fund raising with serial bankrupter Donald Trump and noted check bouncer Newt Gingrich. (To be fair to the latter, his contention that kids should work as janitors looks ever more on the money after Interline Brands (IBI), maker of mops, brooms, and brushes, surged 39.80% to a fresh four and a half year high.) BlackBerry owner Research In Motion (RIMM) hired JPMorgan (JPM) to review its increasingly beleaguered business model, which JPMorgan has agreed to do just as soon as it's finished fiddling with its iPhones. Fellow financial Bank of America (BAC), which still awaits Wikileaks' long-promised data dump, jumped 4.06% to top the Dow Average (^DJI); Julian Assange, just who is laughing now? Today in economics, April pending home sales are out at 10:00 a.m. Eastern. In earnings action, Booz Allen (BAH), Fresh Market (TFM), Lions Gate Entertainment (LGF), Tilly's (TLYS), and TiVo Inc (TIVO) all announce results.

American International Group (AIG): AIG is upgraded to Buy from Hold at Sandler O'Neill.

Angie's List (ANGI): ANGI is boosted to Buy from Neutral at Bank of America-Merrill Lynch.

Jack In The Box (JACK): JACK gets upgraded to Outperform from Perform with a $32 target at Oppenheimer, which says the Street underappreciates improving store-level economics at its brands.

LinkedIn (LNKD): LNKD is upgraded to Buy from Neutral at Citigroup.

Lloyds (LYG): The British bank is moved to Neutral from Underweight at JPMorgan.

Research In Motion (RIMM): Shares, tumbling over 10.95% before the bell, are upgraded to Market Perform from Underperform at JMP Securities.

Sanderson Farms (SAFM): SAFM is upgraded to Buy from Hold at Keybanc.

Sunoco Logistics (SXL): Bank of America-Merrill Lynch lifts the stock to Neutral from Underperform.

Tech stocks: Aixtron (AIXG) and Veeco Instruments (VECO) are each taken to Outperform from Neutral by BNP Paribas.

Wynn Resorts (WYNN): Shares are up ahead of the open after being boosted to Buy from Neutral at Goldman Sachs.

(See New Stock Coverage: Lululemon's Prospects Are Just Peachy and Stock Downgrades: Frontline Sent to Back of Queue.)
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