Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Upgrades: Clorox Cleans Up


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

MINYANVILLE ORIGINAL In commodity action, crude oil swooned 17% in May; June's return of J.R. Ewing can't come quick enough. Gold endured its worst May in three decades but at least Goldmember duo Austin Powers and Mini-Me, those lover of lasers, can take comfort in a 38.74% surge in shares of Microvision (MVIS), maker of miniature laser displays. April showers brought a bath for most investors yet Flowers Foods (FLO) added 5.71% yesterday on an analyst upgrade. Gym giant Nautilus (NLS) jumped 2.74% at now stands at a fresh 52-week peak on a day it was revealed exercise may be bad for you. It's a quiet Friday for earnings announcements but in economics April construction spending and May's ISM manufacturing index are each out at 10:00 a.m. Eastern.

ArthroCare (ARTC): ARTC is upgraded to Outperform from Market Perform by brokerage William Blair.

Check Point Software (CHKP): The stock is boosted to Buy from Hold with Wunderlich, which has a $60 target. The recent introduction of a unified R75.4 and GAiA operating system and IPv6 adoption offer two potential catalysts.

Clorox (CLX): The company is upgraded to Buy from Neutral at Citigroup.

First Busey Corp (BUSE): The small cap is upgraded to Market Perform from Underperform at Raymond James.

Lazard (LAZ): Susquehanna lifts LAZ to Neutral from Negative.

Lions Gate Entertainment (LGF): The firm behind both Hunger Games and Mad Men is upgraded to Outperform from Sector Perform at RBC Capital.

Money managers: Blackstone Group (BX) gets upgraded to Conviction Buy from Buy at Goldman given its diversification, valuation, and its strong real estate and alternative credit businesses. Meanwhile Calamos Asset Management (CLMS) is now Neutral from Sell.

Munich Re (MURGY): The German insurance giant gets upgraded to Buy from Neutral at UBS.

Nordstrom (JWN): JWN is now Buy from Neutral at Nomura.

SABMiller plc (SAB.L): Société Générale boosts the brewer to Buy from Hold.

Sprint Nextel (S): Shares are higher ahead of the open on an upgrade to Overweight from Neutral, which cites stable industry pricing and potential M&A.

Tesoro (TSO): TSO is taken to Buy from Neutral at UBS.

Trustmark (TRMK): TRMK gets upgraded to Market Perform from Underperform at Keefe Bruyette.

VMware (VMW): Shares are moved to Buy from Neutral at Mizuho.

Zynga (ZNGA): A second upgrade in as many days for the stock, now Neutral from Underperform at Sterne Agee.

(See also: New Stock Coverage: Fresh Chapter for Facebook? and Stock Downgrades: Kohl's Cools Off.)
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos