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: JPMorgan Scores Whale of an Upgrade


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

MINYANVILLE ORIGINAL While Europe waves the white flag - red in Spain's less-than-bullish case - theme park operator Six Flags (SIX) surged 1.66% to an all-time peak. It now stands at dizzying heights, though that Internet sensation left newly nauseous on a roller coaster ride was not amused.

Elsewhere Build-A-Bear Workshop (BBW) bucked a dire day by jumping 4.61%; Swedish police can rest easy and return to less important stuff, like fighting terror. Microsoft (MSFT), whose founder famously took a pie in the eye, tumbled 2.72% after spending $1.2 billion to buy Yammer, whose CEO prefers to let them eat cake.

Today at 10:00 a.m. consensus calls for a slight slippage in June consumer confidence. On the earnings front, AeroVironment (AVAV), H&R Block (HRB), LDK Solar (LDK), Robbins & Myers (RBN), Sealy (ZZ), and TigerLogic (TIGR) are all due to release results.

JPMorgan (JPM): The Dow member, its "London whale" issues apparently behind it, is this morning added to the Conviction Buy List at Goldman Sachs. Shares are higher this morning as a result.

AutoZone (AZO): AZO gets upgraded to Buy from Hold at Deutsche Bank.

Celgene (CELG): Shares are now Outperform from Neutral at Cowen & Company.

Country Style Cooking Restaurant Chain (CCSC): Citing improving operating results and valuation, Maxim moves the stock to Hold from Sell.

E.ON AG (EONGY): The German utility giant is up in Europe today after getting lifted by Bank of America-Merrill Lynch to Buy from Neutral.

Lender Processing (LPS): LPS is now Buy from Neutral at Goldman Sachs.

Pitney Bowes (PBI): Shares get upgraded to Neutral from Sell at Goldman.

Post Properties (PPS): PPS is boosted to Buy from Hold at Stifel Nicolaus.

Semiconductor Manufacturing (SMI): The micro-cap is moved to Neutral from Underweight at JPMorgan.

Shire plc (SHPGY): Shares are upgraded to Buy from Hold at Société Générale. (SOHU): The Beijing company is boosted to Buy from Hold at ThinkEquity.

Veeco Instruments (VECO): The tech stock is taken to Buy from Hold at Stifel Nicolaus, whose objective is $48.

(See also: Stock Downgrades: No Gifts for National Bank of Greece and New Stock Coverage: Google Still Searching for Answers.)
< Previous
  • 1
Next >
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