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Stock Upgrades: Consulting Oracle Proves Profitable


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

MINYANVILLE ORIGINAL The clever facial recognition technology of would likely have been able to decipher before yesterday's contentious meeting that Obama and Putin don't much care for each other, one reason that Facebook (FB) added 4.65% after acquiring the firm. Turning from faces to the entire anatomy, Body Central (BODY) lost 48.59% to reach its lowest-ever level. Its homepage is awash in red, promising $10 off but shares fell a slightly more symmetrical $7.77. And footwear firm DSW Inc (DSW), whose site suggests "Fifty Faves Under $50″, is getting there. It imploded 11.34% and stands at $52.13.

The Fed starts its two-day policy meeting this morning. In earnings action Adobe (ADBE), Barnes & Noble (BKS), Discover Financial (DFS), FedEx (FDX), Jefferies Group (JEF), John Wiley & Sons (JW-A), and La-Z-Boy (LZB) are all due to report results.

Central European Distribution (CEDC): The Polish vodka stock is trading up sharply after getting upgraded to Neutral from Underperform at Credit Suisse on account of a compelling valuation. Its target is $3.

Citi Trends (CTRN): Shares are now Positive from Neutral at Susquehanna.

First Community Bancshares (FCBC): The stock is moved to Outperform from Market Perform at Keefe Bruyette.

Healthcare Services Group (HCSG): Shares are boosted to Buy from Hold at Stifel Nicolaus.

Integra (IART): IART is increased to Buy from Hold at Argus.

Medical-related stocks: PerkinElmer (PKI), Baxter International (BAX), and Watson Pharmaceuticals (WPI) are all added to the Conviction Buy list at Goldman Sachs.

Oracle (ORCL): Shares, sharply higher in the pre market, are upgraded to Outperform from Underperform at Crédit Agricole.

Sonic Corp (SONC): SONC is now Buy from Neutral at Sterne Agee, whose objective is $11.

United Microelectronics (UMC): UMC is upgraded to Overweight from Neutral at JPMorgan.

Valero Energy (VLO): VLO is upgraded to Buy from Neutral at UBS.

W.W. Grainger (GWW): Shares get taken to Buy from Hold at BB&T Capital.

(See also: Stock Downgrades: Body Blow for Body Central and New Stock Coverage: TripAdvisor Going Nowhere?)
No positions in stocks mentioned.
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