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Stock Upgrades: Anniversary Upgrade for Disney


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

MINYANVILLE ORIGINAL Green Mountain Coffee Roasters (GMCR), the perfect brew as we hurtle inexorably toward the fiscal cliff, nosedived 9.57% to a new low. Propelled by copious amounts of caffeine, globetrotting Hillary Clinton set a new travel record as Secretary of State.

Yet the world still remains an incomprehensible Towel of Babel for investors in language learning company Rosetta Stone (RST), which fell 5.26%. Martha Stewart (MSO) celebrated an unhappy eight years since her imprisonment by sliding 3.97%.

Chipotle Mexican Grill (CMG): Shares are upgraded to Buy from Neutral at Citigroup, which notes strong near-term sales trends. The new increased target is $490.

Clothing Companies: Aeropostale (ARO) is upgraded to Equal Weight from Underweight at Morgan Stanley, which adds Urban Outfitters (URBN) to its list of Best Ideas.

Continental Resources (CLR): CLR is upgraded to Buy from Hold at Canaccord Genuity.

Enbridge Inc (ENB): The stock is upgraded to Overweight from Equal Weight at Barclays.

HollyFrontier (HFC): HFC gets hoisted to Outperform from Underperform at Raymond James.

Iberdrola (IBDRY): Shares of the Spanish utility giant are trading higher in Madrid this morning after Morgan Stanley moved the stock to Overweight from Equal-Weight.

Las Vegas Sands (LVS): Shares are upgraded to Positive from Neutral at Susquehanna.

Limited Brands (LTD): Robert W. Baird lifts the Victoria's Secret owner to Outperform from Neutral, taking its price target up by $4 to $54.

L'Oreal (LRLCY): The world's largest cosmetics company is trading higher in Europe this morning after a Neutral-from-Underperform boost by Credit Suisse.

Prudential (PRU): Shares are upgraded to Strong Buy from Outperform at Raymond James.

VMware (VMW): The stock is added to the Focus List at Credit Suisse.

Walt Disney (DIS): The Dow member, which today celebrates its 57th anniversary, gets a Buy-from-Neutral lift at Bank of America-Merrill Lynch. Shares are up as a result this morning.

(See also: Stock Downgrades: Target Missing the Mark and New Stock Coverage: Smooth Sailing for Catamaran Corp.)
No positions in stocks mentioned.
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