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Stock Upgrades: News Corp. Making Headlines


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

MINYANVILLE ORIGINAL While wedding ring king Tiffany (TIF) enjoyed a stellar day, there was no romantic bed of roses at Madison Square Garden (MSG) as the stock slid 1.01% after the abrupt end of the Knicks' love affair with Jeremy Lin. The brainy Ivy League graduate with a 3.1 grade-point average calls Pinghu in China's Zhejiang province his ancestral home, but Beijing-based New Oriental Education (EDU) failed all its exams in plunging 35.02%. Today at 10:00 a.m. Eastern we get a trio of economic announcements, namely this month's existing home sales, June leading indicators, and the July Philadelphia Fed Index. It's another frenzied session for Q2 earnings with Akzo Nobel (AKZOY), Morgan Stanley (MS), and Verizon (VZ) all due to release results.

athenahealth (ATHN): Citi gives the stock a Buy-from-Neutral boost, citing the company's recent contract win.

Dominion Resources (D): The stock gets moved to Neutral from Underweight at JPMorgan.

Ericsson (ERIC): Société Générale hoists the Swedish telecom titan to Hold from Sell, sending shares up before the bell.

FirstEnergy (FE): FE is upgraded to Hold from Underperform at Jefferies.

Hyatt Hotels (H): H is upgraded to Positive from Neutral at Susquehanna.

MarketAxess (MKTX): Shares are upgraded to Strong Buy from Outperform at Raymond James.

News Corp. (NWSA): The stock is now Buy from Neutral at Citi.

Sally Beauty (SBH): Shares are upgraded to Buy at Caris & Company from Above Average.

(See also: New Stock Coverage: Orbit International Remains Earthbound and Stock Downgrades: Plastic Not Fantastic for American Express.)
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