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Stock Upgrades: Britain's Burberry Looks Like Royalty


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

MINYANVILLE ORIGINAL Hong Kong's Highway Holdings (HIHO) jumped 11.41%; I would say it's on a road to riches but Beijing, home of the world's largest army, has just gone into battle against puns. Nuclear power plant play Shaw Group (SHAW) advanced and Iron Mountain (IRM), where you can take cover from an atomic war with Bill Gates, surged 13.80%. Today in economics, Fed head Ben Bernanke begins congressional testimony at 10:00 a.m. Eastern and April consumer credit is expected to contract at 3:00 p.m. On the earnings front, Altera (ALTR), Bio-Reference Labs (BRLI), Cascade Corp (CASC), Isle of Capri Casinos (ISLE), JM Smucker (SJM), Lululemon Athletica (LULU), and Titan Machinery (TITN) are all due to release results.

Burberry Group (BURBY): Shares are up in London this morning after Credit Suisse lifted it to Outperform from Neutral, saying the brand looks healthier than ever.

CACI International (CACI): The stock is upgraded to Buy from Neutral at Lazard.

Lamar Advertising (LAMR): The stock is upgraded to Buy from Above Average at Caris.

LMI Aerospace (LMIA): Shares are upgraded to Buy from Hold at Deutsche Bank.

MAKO Surgical (MAKO): The company is moved to Outperform from Market Perform at William Blair.

Medtronic (MDT): MDT is upgraded to Outperform from Neutral at Credit Suisse.

Mitsubishi Financial (MTU): Shares are upgraded to Buy from Hold at BNP Paribas.

PulteGroup (PHM): The company is upgraded to Outperform from Perform at FBR.

Regions Financial (RF): RF is upgraded to Outperform from Neutral at Macquarie.

RF Micro Devices (RFMD): Shares are upgraded to Buy from Neutral at Davenport. higher

Sagent Pharmaceuticals (SGNT): Shares are upgraded to Buy from Hold at Needham, whose target is $25.

Sonic Corp (SONC): Bank of America-Merrill Lynch lifts the quick-service restaurant operator to Buy from Neutral.

(See also: New Stock Coverage: Money Talks at Charter Communications and Stock Downgrades: Tempur Pedic Sleeps With the Fishes.)
No positions in stocks mentioned.
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