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Stock Downgrades: Frontline Sent to Back of Queue


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

MINYANVILLE ORIGINAL Chiquita Brands (CQB) gained 4.36% and Banana Republic proved similarly profitable for Gap Inc (GPS). Elsewhere options started trading on Facebook (FB), lauded last week as an "option on the world" - it nosedived 9.62% to below $29. And LDK Solar (LDK) lost 19.20% but "Manhattanhenge" made for a far more rewarding sunset. 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.

Agnico-Eagle Mines (AEM): AEM is downgraded to Hold from Buy at Dahlman Rose due to valuation concerns.

Frontline (FRO): The tanker stock gets taken to Sell from Hold at Deutsche Bank.

LeCroy (LCRY): Shares are lowered to Hold from Buy at Stifel Nicolaus.

Patriot Coal (PCX): The company gets cut to Fair Value from Buy at CRT Capital.

Pilgrim's Pride (PPC): The stock is lower before the bell on a downgrade to Hold from Buy at BB&T Capital.

(See New Stock Coverage: Lululemon's Prospects Are Just Peachy and Stock Upgrades: Wynn Resorts Can't Lose.)
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